FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks March 28, 2013

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

Mar 27, 2013 Mar 20, 2013 Mar 28, 2012

Wednesday

Mar 27, 2013

Reserve Bank credit 3,187,398 + 20,857 + 314,867 3,184,791

Securities held outright1 2,940,190 + 18,184 + 330,333 2,937,814

U.S. Treasury securities 1,788,388 + 10,944 + 120,447 1,794,459

Bills2 0 0 - 18,423 0

Notes and bonds, nominal2 1,698,670 + 10,885 + 126,948 1,704,719

Notes and bonds, inflation-indexed2 78,879 0 + 10,212 78,879

Inflation compensation3 10,840 + 60 + 1,711 10,862

Federal agency debt securities2 72,423 - 459 - 24,414 72,423

Mortgage-backed securities4 1,079,379 + 7,698 + 234,300 1,070,932

Repurchase agreements5 0 0 0 0

Loans 390 - 2 - 6,687 385

Primary credit 8 + 2 + 4 4

Secondary credit 0 0 0 0

Seasonal credit 0 0 - 5 0

Term Asset-Backed Securities Loan Facility6 382 - 4 - 6,685 382

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,402 0 - 4,020 1,403

Net portfolio holdings of Maiden Lane II LLC8 64 0 + 45 64

Net portfolio holdings of Maiden Lane III LLC9 22 0 - 17,428 22

Net portfolio holdings of TALF LLC10 399 0 - 432 399

Float -613 + 68 + 222 -666

Central bank liquidity swaps11 8,265 + 300 - 56,804 8,265

Other Federal Reserve assets12 237,279 + 2,307 + 69,637 237,104

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding13 44,919 + 14 + 535 44,919

Total factors supplying reserve funds 3,248,558 + 20,871 + 315,402 3,245,951

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

Mar 27, 2013 Mar 20, 2013 Mar 28, 2012

Wednesday

Mar 27, 2013

Currency in circulation13 1,174,909 + 103 + 78,337 1,177,679

Reverse repurchase agreements14 91,632 - 4,031 + 6,548 92,541

Foreign official and international accounts 91,632 - 4,031 + 6,548 92,541

Others 0 0 0 0

Treasury cash holdings 226 + 4 + 67 231

Deposits with F.R. Banks, other than reserve balances 138,605 + 3,701 - 12,285 79,972

Term deposits held by depository institutions 3,045 0 - 12 3,045

U.S. Treasury, General Account 68,019 - 3,347 - 16,024 53,218

Foreign official 9,114 + 1,034 + 8,977 9,107

Service-related 0 0 - 1,937 0

Required clearing balances 0 0 - 1,937 0

Adjustments to compensate for float 0 0 0 0

Other 58,427 + 6,014 - 3,290 14,601

Other liabilities and capital15 66,817 - 1,911 - 7,297 65,916

Total factors, other than reserve balances,

absorbing reserve funds 1,472,189 - 2,135 + 65,371 1,416,339

Reserve balances with Federal Reserve Banks 1,776,369 + 23,005 + 250,031 1,829,612

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

Mar 27, 2013 Mar 20, 2013 Mar 28, 2012

Wednesday

Mar 27, 2013

Securities held in custody for foreign official and international

accounts 3,291,330 - 11,406 + 195,990 3,284,304

Marketable U.S. Treasury securities1 2,951,067 - 15,867 + 283,976 2,945,239

Federal agency debt and mortgage-backed securities2 302,295 + 4,147 - 87,521 301,035

Other securities3 37,967 + 312 - 466 38,030

Securities lent to dealers 17,064 + 352 - 2,715 20,945

Overnight facility4 17,064 + 352 - 2,715 20,945

U.S. Treasury securities 15,986 + 441 - 3,076 19,970

Federal agency debt securities 1,078 - 89 + 361 975

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, March 27, 2013

Millions of dollars

Remaining Maturity Within 15

days

16 days to

90 days

91 days to

1 year

Over 1 year

to 5 years

Over 5 year

to 10 years

Over 10

years

All

Loans1 4 0 0 382 0 ... 385

U.S. Treasury securities2

Holdings 1 6 307 442,432 894,432 457,282 1,794,459

Weekly changes 0 0 0 + 8 + 6,831 + 2,968 + 9,807

Federal agency debt securities3

Holdings 370 1,395 23,315 42,952 2,044 2,347 72,423

Weekly changes + 370 - 370 0 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 1 1 2,560 1,068,370 1,070,932

Weekly changes 0 0 0 0 - 47 - 14,528 - 14,575

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 1,165 7,100 0 0 0 0 8,265

Reverse repurchase agreements6 92,541 0 ... ... ... ... 92,541

Term deposits 3,045 0 0 ... ... ... 3,045

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 Mar 27, 2013

Mortgage-backed securities held outright1 1,070,932

Commitments to buy mortgage-backed securities2 95,185

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 96

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 Mar 27, 2013

Net portfolio holdings of Maiden Lane LLC1 1,403

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 December 31, 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 Mar 27, 2013

Net portfolio holdings of Maiden Lane II LLC1 64

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 December 31, 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 Mar 27, 2013

Net portfolio holdings of Maiden Lane III LLC1 22

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

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

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

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 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 Mar 27, 2013

Asset-backed securities holdings1 0

Other investments, net 399

Net portfolio holdings of TALF LLC 399

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 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.

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 then by the interest received on investments of TALF LLC. 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

Mar 27, 2013 Mar 20, 2013 Mar 28, 2012

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,108 - 12 - 211

Securities, repurchase agreements, and loans 2,938,199 - 4,775 + 332,963

Securities held outright1 2,937,814 - 4,769 + 339,639

U.S. Treasury securities 1,794,459 + 9,807 + 129,548

Bills2 0 0 - 18,423

Notes and bonds, nominal2 1,704,719 + 9,747 + 136,055

Notes and bonds, inflation-indexed2 78,879 0 + 10,212

Inflation compensation3 10,862 + 60 + 1,704

Federal agency debt securities2 72,423 0 - 24,055

Mortgage-backed securities4 1,070,932 - 14,575 + 234,146

Repurchase agreements5 0 0 0

Loans 385 - 7 - 6,676

Net portfolio holdings of Maiden Lane LLC6 1,403 + 2 - 4,014

Net portfolio holdings of Maiden Lane II LLC7 64 0 + 45

Net portfolio holdings of Maiden Lane III LLC8 22 0 - 17,433

Net portfolio holdings of TALF LLC9 399 0 - 432

Items in process of collection (0) 125 - 372 + 89

Bank premises 2,303 0 - 80

Central bank liquidity swaps10 8,265 + 300 - 56,803

Other assets11 234,801 + 229 + 69,340

Total assets (0) 3,203,926 - 4,627 + 323,463

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

Mar 27, 2013 Mar 20, 2013 Mar 28, 2012

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,135,095 + 2,539 + 78,677

Reverse repurchase agreements12 92,541 - 384 + 9,314

Deposits (0) 1,909,584 - 4,330 + 242,985

Term deposits held by depository institutions 3,045 0 - 12

Other deposits held by depository institutions 1,829,612 + 73,388 + 264,630

U.S. Treasury, General Account 53,218 - 17,913 - 15,234

Foreign official 9,107 + 155 + 8,980

Other (0) 14,601 - 59,961 - 15,380

Deferred availability cash items (0) 791 - 347 - 192

Other liabilities and accrued dividends13 10,788 - 2,137 - 8,014

Total liabilities (0) 3,148,798 - 4,661 + 322,769

Capital accounts

Capital paid in 27,564 + 17 + 347

Surplus 27,564 + 17 + 347

Other capital accounts 0 0 0

Total capital 55,128 + 34 + 694

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, March 27, 2013

Millions of dollars

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

Assets

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

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

Coin 2,108 41 106 138 154 377 190 310 34 54 164 185 355

Securities, repurchase agreements,

and loans 2,938,199 71,354 1,647,480 97,118 74,692 209,088 177,130 162,977 45,930 26,708 59,022 114,152 252,548

Securities held outright1 2,937,814 71,354 1,647,098 97,118 74,692 209,088 177,130 162,977 45,930 26,707 59,022 114,149 252,548

U.S. Treasury securities 1,794,459 43,584 1,006,071 59,321 45,623 127,714 108,193 99,549 28,055 16,313 36,051 69,724 154,260

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

Notes and bonds3 1,794,459 43,584 1,006,071 59,321 45,623 127,714 108,193 99,549 28,055 16,313 36,051 69,724 154,260

Federal agency debt securities2 72,423 1,759 40,604 2,394 1,841 5,154 4,367 4,018 1,132 658 1,455 2,814 6,226

Mortgage-backed securities4 1,070,932 26,011 600,423 35,403 27,228 76,220 64,570 59,411 16,743 9,736 21,515 41,611 92,062

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

Loans 385 0 382 0 0 0 0 0 0 1 0 3 0

Net portfolio holdings of Maiden

Lane LLC6 1,403 0 1,403 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of Maiden

Lane II LLC7 64 0 64 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 399 0 399 0 0 0 0 0 0 0 0 0 0

Items in process of collection 125 0 0 0 0 0 124 0 0 0 0 0 0

Bank premises 2,303 117 428 71 114 228 214 202 130 102 251 237 207

Central bank liquidity swaps10 8,265 406 2,642 639 645 1,736 471 236 69 35 84 131 1,172

Other assets11 234,801 6,327 125,486 8,820 7,229 20,164 14,110 12,375 3,530 2,071 4,499 8,688 21,502

Interdistrict settlement account 0 - 2,253 + 44,765 - 17,837 - 6,730 - 46,371 + 9,178 - 14,356 - 1,265 - 1,782 - 11,037 - 15,013 + 62,703

Total assets 3,203,926 76,596 1,828,438 89,596 76,856 186,525 203,408 163,006 48,891 27,471 53,450 109,386 340,304

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, March 27, 2013 (continued)

Millions of dollars

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

Liabilities

Federal Reserve notes outstanding 1,402,657 46,892 526,322 46,559 60,987 102,245 174,517 94,415 36,762 23,519 37,519 97,950 154,970

Less: Notes held by F.R. Banks 267,562 10,988 97,976 4,352 9,050 11,191 30,852 14,565 3,445 7,459 9,949 42,736 24,998

Federal Reserve notes, net 1,135,095 35,905 428,346 42,207 51,937 91,054 143,665 79,850 33,317 16,060 27,569 55,214 129,972

Reverse repurchase agreements12 92,541 2,248 51,883 3,059 2,353 6,586 5,580 5,134 1,447 841 1,859 3,596 7,955

Deposits 1,909,584 35,464 1,324,683 39,673 17,961 76,493 49,801 75,893 13,454 9,970 23,242 49,275 193,672

Term deposits held by depository

institutions 3,045 10 1,762 0 0 40 388 5 0 100 205 5 530

Other deposits held by depository

institutions 1,829,612 35,452 1,246,221 39,639 17,958 76,324 49,404 75,860 13,454 9,869 23,036 49,268 193,128

U.S. Treasury, General Account 53,218 0 53,218 0 0 0 0 0 0 0 0 0 0

Foreign official 9,107 2 9,080 3 3 8 2 1 0 0 0 1 6

Other 14,601 0 14,402 31 0 121 7 27 0 0 1 2 9

Deferred availability cash items 791 0 0 0 0 0 593 0 0 198 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury13 1,290 27 777 39 28 82 74 74 17 11 24 35 102

Other liabilities and accrued

dividends14 9,498 258 5,227 327 300 802 553 486 192 157 196 352 647

Total liabilities 3,148,798 73,901 1,810,916 85,306 72,578 175,018 200,266 161,437 48,428 27,237 52,891 108,472 332,348

Capital

Capital paid in 27,564 1,348 8,761 2,145 2,139 5,754 1,571 785 232 117 280 457 3,978

Surplus 27,564 1,348 8,761 2,145 2,139 5,754 1,571 785 232 117 280 457 3,978

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

Total liabilities and capital 3,203,926 76,596 1,828,438 89,596 76,856 186,525 203,408 163,006 48,891 27,471 53,450 109,386 340,304

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, March 27, 2013 (continued)

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

2. Face value of the securities.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Note on consolidation:

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

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

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

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

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

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

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

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

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

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

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

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

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

Millions of dollars

Wednesday Federal Reserve notes and collateral Mar 27, 2013

Federal Reserve notes outstanding 1,402,657

Less: Notes held by F.R. Banks not subject to collateralization 267,562

Federal Reserve notes to be collateralized 1,135,095

Collateral held against Federal Reserve notes 1,135,095

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,118,858

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,937,814

Less: Face value of securities under reverse repurchase agreements 79,599

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,858,214

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.