FEDERAL RESERVE statistical release

For Release at

4:30 P.M. EDT 

June 12, 2014

Table 10 line items “Less: Face value of securities under reverse repurchase agreements” and “U.S. 

Treasury, agency debt, and mortgage-backed securities eligible to be pledged” have been corrected 

to include securities pledged as collateral for tri-party reverse repurchase agreements. 

The revised data are reported at the following 

link: http://www.federalreserve.gov/releases/h41/2014update.htm. 

Historical data incorporating this correction can be accessed through the Data Download Program 

(DDP) at http://www.federalreserve.gov/datadownload/Choose.aspx?rel=H41. 
FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and 

Condition Statement of Federal Reserve Banks December 6, 2012

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at 

Federal Reserve Banks

Week ended

Dec 5, 2012 Nov 28, 2012 Dec 7, 2011

Wednesday

Dec 5, 2012

Reserve Bank credit 2,843,450 + 2,305 + 45,583 2,841,986

Securities held outright1 2,618,799 + 1,211 + 14,190 2,616,521

U.S. Treasury securities 1,655,889 + 11,131 - 15,760 1,653,593

Bills2 0 0 - 18,423 0

Notes and bonds, nominal2 1,571,673 + 11,077 - 3,324 1,569,379

Notes and bonds, inflation-indexed2 73,344 0 + 4,924 73,344

Inflation compensation3 10,872 + 54 + 1,063 10,870

Federal agency debt securities2 79,283 0 - 26,626 79,283

Mortgage-backed securities4 883,627 - 9,920 + 56,575 883,646

Repurchase agreements5 0 0 0 0

Loans 968 - 7 - 8,732 959

Primary credit 9 - 2 - 4 2

Secondary credit 0 0 0 0

Seasonal credit 22 - 2 + 3 20

Term Asset-Backed Securities Loan Facility6 937 - 3 - 8,730 937

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,432 - 5 - 9,196 1,434

Net portfolio holdings of Maiden Lane II LLC8 61 0 - 9,195 61

Net portfolio holdings of Maiden Lane III LLC9 22 0 - 17,835 22

Net portfolio holdings of TALF LLC10 856 0 + 53 856

Float -732 - 2 + 172 -885

Central bank liquidity swaps11 12,181 - 36 + 9,880 12,181

Other Federal Reserve assets12 209,863 + 1,144 + 66,246 210,837

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding13 44,761 + 14 + 580 44,761

Total factors supplying reserve funds 2,904,452 + 2,319 + 46,163 2,902,989

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

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

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

Dec 5, 2012 Nov 28, 2012 Dec 7, 2011

Wednesday

Dec 5, 2012

Currency in circulation13 1,151,803 - 1,430 + 90,551 1,154,829

Reverse repurchase agreements14 95,125 - 586 + 8,291 96,318

Foreign official and international accounts 93,976 - 1,735 + 7,142 94,068

Others 1,149 + 1,149 + 1,149 2,250

Treasury cash holdings 147 + 6 + 39 145

Deposits with F.R. Banks, other than reserve balances 63,495 - 34,630 - 28,167 59,893

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

U.S. Treasury, General Account 33,997 + 6,093 + 5,715 21,431

Foreign official 6,791 + 271 + 6,666 7,977

Service-related 0 0 - 2,497 0

Required clearing balances 0 0 - 2,497 0

Adjustments to compensate for float 0 0 0 0

Other 19,663 - 40,995 - 36,039 27,443

Other liabilities and capital15 67,761 - 1,366 - 4,065 67,868

Total factors, other than reserve balances,

absorbing reserve funds 1,378,330 - 38,008 + 66,649 1,379,053

Reserve balances with Federal Reserve Banks 1,526,122 + 40,327 - 20,486 1,523,936

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

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

2. Face value of the securities.

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

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

the underlying mortgages.

5. Cash value of agreements.

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

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

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

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

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

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

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

foreign central bank.

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

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

13. Estimated.

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

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

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

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

table 9.

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

1A. Memorandum Items

Millions of dollars

Averages of daily figures

Memorandum item Week ended Change from week ended

Dec 5, 2012 Nov 28, 2012 Dec 7, 2011

Wednesday

Dec 5, 2012

Securities held in custody for foreign official and international

accounts 3,202,721 + 4,668 + 110,073 3,204,142

Marketable U.S. Treasury securities1 2,849,229 + 5,179 + 187,101 2,850,334

Federal agency debt and mortgage-backed securities2 317,410 - 550 - 79,453 317,675

Other securities3 36,081 + 38 + 2,424 36,132

Securities lent to dealers 5,843 - 1,470 - 8,323 5,057

Overnight facility4 5,843 - 1,470 - 8,323 5,057

U.S. Treasury securities 5,258 - 1,476 - 7,493 4,490

Federal agency debt securities 585 + 5 - 831 567

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 5, 2012

Millions of dollars

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

All

Loans1 2 265 47 645 0 ... 959

U.S. Treasury securities2

Holdings 0 386 41 395,447 846,751 410,968 1,653,593

Weekly changes - 100 + 1 - 1 - 804 + 2,294 + 5,558 + 6,948

Federal agency debt securities3

Holdings 0 5,695 15,216 53,981 2,044 2,347 79,283

Weekly changes 0 + 422 - 422 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 3 1 1,686 881,955 883,646

Weekly changes 0 0 0 0 + 8 + 98 + 107

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 6,920 5,262 0 0 0 0 12,181

Reverse repurchase agreements6 96,318 0 ... ... ... ... 96,318

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

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

...Not applicable.

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

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

under generally accepted accounting principles.

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

original face value of such securities.

3. Face value.

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

underlying mortgages.

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

6. Cash value of agreements.

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

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

central bank.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Wednesday Account name Dec 5, 2012

Mortgage-backed securities held outright1 883,646

Commitments to buy mortgage-backed securities2 129,657

Commitments to sell mortgage-backed securities2 2,800

Cash and cash equivalents3 36

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

underlying mortgages.

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

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

4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Wednesday Account name Dec 5, 2012

Net portfolio holdings of Maiden Lane LLC1 1,434

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

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

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 0

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

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

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

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

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

3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in

table 8 and table 9.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of

the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time

to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of the

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

principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Wednesday Account name Dec 5, 2012

Net portfolio holdings of Maiden Lane II LLC1 61

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

subsidiaries.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday Account name Dec 5, 2012

Net portfolio holdings of Maiden Lane III LLC1 22

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

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

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 0

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

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

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

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

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

3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in

table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority of

section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations (CDOs) on

which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection with the

purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane III LLC from the proceeds

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

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

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Wednesday Account name Dec 5, 2012

Asset-backed securities holdings1 0

Other investments, net 856

Net portfolio holdings of TALF LLC 856

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

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

Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable3 113

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

market on the measurement date.

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

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

3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8

and table 9.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF) under the authority of

section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New York (FRBNY) extends loans with a term of up to

five years to holders of eligible asset-backed securities. The TALF is intended to assist financial markets in accommodating the credit needs of consumers and

businesses by facilitating the issuance of asset-backed securities collateralized by a variety of consumer and business loans. The loans provided through the

TALF to eligible borrowers are non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The

loans are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial risk of a decline in the value

of the security.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of

a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a

TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Losses on asset-backed securities held by TALF LLC will be offset in the

following order: by the commitment fees collected by TALF LLC, by the interest received on investments of TALF LLC, by up to $1.4 billion in subordinated

debt funding provided by the U.S. Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net

portfolio holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S. Treasury, interest

due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the U.S. Treasury.
H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Dec 5, 2012 Nov 28, 2012 Dec 7, 2011

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,115 + 18 - 153

Securities, repurchase agreements, and loans 2,617,480 + 6,995 - 140

Securities held outright1 2,616,521 + 7,054 + 8,526

U.S. Treasury securities 1,653,593 + 6,948 - 21,441

Bills2 0 0 - 18,423

Notes and bonds, nominal2 1,569,379 + 6,927 - 9,016

Notes and bonds, inflation-indexed2 73,344 0 + 4,924

Inflation compensation3 10,870 + 20 + 1,074

Federal agency debt securities2 79,283 0 - 26,626

Mortgage-backed securities4 883,646 + 107 + 56,594

Repurchase agreements5 0 0 0

Loans 959 - 59 - 8,667

Net portfolio holdings of Maiden Lane LLC6 1,434 0 - 9,190

Net portfolio holdings of Maiden Lane II LLC7 61 0 - 9,175

Net portfolio holdings of Maiden Lane III LLC8 22 0 - 17,908

Net portfolio holdings of TALF LLC9 856 0 + 53

Items in process of collection (0) 117 - 8 - 211

Bank premises 2,334 - 10 + 152

Central bank liquidity swaps10 12,181 - 31 + 9,880

Other assets11 208,503 + 1,479 + 64,825

Total assets (0) 2,861,340 + 8,443 + 38,133

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

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

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Dec 5, 2012 Nov 28, 2012 Dec 7, 2011

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,112,322 + 1,868 + 90,231

Reverse repurchase agreements12 96,318 + 3,088 + 11,120

Deposits (0) 1,583,829 + 2,936 - 59,249

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

Other deposits held by depository institutions 1,523,936 - 15,579 - 26,049

U.S. Treasury, General Account 21,431 + 5,328 - 316

Foreign official 7,977 + 1,495 + 7,851

Other (0) 27,443 + 11,693 - 38,722

Deferred availability cash items (0) 1,002 + 157 - 405

Other liabilities and accrued dividends13 13,176 + 882 - 4,444

Total liabilities (0) 2,806,647 + 8,930 + 37,253

Capital accounts

Capital paid in 27,346 - 244 + 440

Surplus 27,346 - 244 + 440

Other capital accounts 0 0 0

Total capital 54,693 - 487 + 880

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

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

2. Face value of the securities.

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

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

underlying mortgages.

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

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

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

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

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

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

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

central bank.

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

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

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

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

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

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

9. Statement of Condition of Each Federal Reserve Bank, December 5, 2012

Millions of dollars

Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco

Assets

Gold certificate account 11,037 408 3,824 437 515 890 1,337 839 313 192 315 725 1,242

Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574

Coin 2,115 40 92 142 144 381 205 308 37 52 163 199 354

Securities, repurchase agreements,

and loans 2,617,480 63,550 1,467,901 86,497 66,523 186,222 157,758 145,155 40,908 23,798 52,573 101,665 224,929

Securities held outright1 2,616,521 63,550 1,466,964 86,497 66,523 186,222 157,758 145,153 40,907 23,787 52,567 101,665 224,928

U.S. Treasury securities 1,653,593 40,163 927,094 54,664 42,042 117,689 99,700 91,734 25,852 15,033 33,221 64,251 142,150

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

Notes and bonds3 1,653,593 40,163 927,094 54,664 42,042 117,689 99,700 91,734 25,852 15,033 33,221 64,251 142,150

Federal agency debt securities2 79,283 1,926 44,450 2,621 2,016 5,643 4,780 4,398 1,240 721 1,593 3,081 6,816

Mortgage-backed securities4 883,646 21,462 495,420 29,211 22,466 62,890 53,278 49,021 13,815 8,033 17,753 34,334 75,962

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

Loans 959 0 937 0 0 0 0 2 2 12 6 0 1

Net portfolio holdings of Maiden

Lane LLC6 1,434 0 1,434 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of Maiden

Lane II LLC7 61 0 61 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of Maiden

Lane III LLC8 22 0 22 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of TALF LLC9 856 0 856 0 0 0 0 0 0 0 0 0 0

Items in process of collection 117 1 0 0 11 0 104 0 1 0 0 0 0

Bank premises 2,334 119 451 70 115 229 214 202 130 103 253 239 209

Central bank liquidity swaps10 12,181 427 3,929 1,057 901 2,520 697 325 100 50 121 195 1,861

Other assets11 208,503 5,366 110,459 8,290 6,546 18,426 12,539 10,835 3,100 1,822 3,951 7,556 19,614

Interdistrict settlement account 0 + 9,712 - 110,841 - 12,526 + 308 - 19,252 + 42,270 - 2,788 + 2,554 + 3,829 - 3,015 + 5,052 + 84,696

Total assets 2,861,340 79,819 1,480,006 84,176 75,299 189,827 215,778 155,301 47,293 29,937 54,513 115,913 333,479

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

9. Statement of Condition of Each Federal Reserve Bank, December 5, 2012 (continued)

Millions of dollars

Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco

Liabilities

Federal Reserve notes outstanding 1,337,267 47,338 465,656 47,735 60,700 103,901 176,702 95,857 37,440 22,426 36,203 92,247 151,061

Less: Notes held by F.R. Banks 224,945 5,882 89,941 4,825 8,503 11,386 25,808 12,992 4,144 3,188 5,508 26,975 25,793

Federal Reserve notes, net 1,112,322 41,456 375,716 42,910 52,197 92,516 150,894 82,866 33,296 19,238 30,696 65,272 125,268

Reverse repurchase agreements12 96,318 2,339 54,001 3,184 2,449 6,855 5,807 5,343 1,506 876 1,935 3,742 8,280

Deposits 1,583,829 33,034 1,025,073 33,467 16,003 77,984 54,434 64,945 11,814 9,304 21,095 45,605 191,073

Term deposits held by depository

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

Other deposits held by depository

institutions 1,523,936 33,026 966,829 32,755 16,000 77,834 54,263 64,866 11,814 9,224 20,992 45,597 190,736

U.S. Treasury, General Account 21,431 0 21,431 0 0 0 0 0 0 0 0 0 0

Foreign official 7,977 1 7,949 3 3 8 2 1 0 0 0 1 6

Other 27,443 1 27,299 8 0 102 7 20 1 0 1 2 1

Deferred availability cash items 1,002 0 0 0 20 0 859 0 0 123 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury13 2,225 40 1,127 66 46 147 126 108 28 16 37 72 414

Other liabilities and accrued

dividends14 10,950 261 6,605 341 316 831 540 481 195 151 196 345 687

Total liabilities 2,806,647 77,129 1,462,522 79,968 71,030 178,333 212,660 153,742 46,839 29,708 53,959 115,036 325,722

Capital

Capital paid in 27,346 1,345 8,742 2,104 2,134 5,747 1,559 779 227 115 277 438 3,879

Surplus 27,346 1,345 8,742 2,104 2,134 5,747 1,559 779 227 115 277 438 3,879

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

Total liabilities and capital 2,861,340 79,819 1,480,006 84,176 75,299 189,827 215,778 155,301 47,293 29,937 54,513 115,913 333,479

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

9. Statement of Condition of Each Federal Reserve Bank, December 5, 2012 (continued)

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

2. Face value of the securities.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Note on consolidation:

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

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

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

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

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

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

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

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

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

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

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

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

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

Millions of dollars

Wednesday Federal Reserve notes and collateral Dec 5, 2012

Federal Reserve notes outstanding 1,337,267

Less: Notes held by F.R. Banks not subject to collateralization 224,945

Federal Reserve notes to be collateralized 1,112,322

Collateral held against Federal Reserve notes 1,112,322

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,096,086

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,616,521

Less: Face value of securities under reverse repurchase agreements 81,636

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,534,886

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.