FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks December 27, 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 26, 2012 Dec 19, 2012 Dec 28, 2011

Wednesday

Dec 26, 2012

Reserve Bank credit 2,905,205 + 5,495 - 14,840 2,889,644

Securities held outright1 2,674,860 + 5,914 + 51,064 2,660,271

U.S. Treasury securities 1,656,666 - 3,033 - 14,778 1,656,930

Bills2 0 0 - 18,423 0

Notes and bonds, nominal2 1,570,986 - 3,025 - 3,939 1,571,252

Notes and bonds, inflation-indexed2 74,740 0 + 6,272 74,740

Inflation compensation3 10,941 - 7 + 1,313 10,938

Federal agency debt securities2 77,140 - 2,143 - 27,456 76,783

Mortgage-backed securities4 941,054 + 11,090 + 93,298 926,558

Repurchase agreements5 0 0 0 0

Loans 640 - 199 - 8,468 613

Primary credit 17 + 5 + 5 26

Secondary credit 0 0 - 1 0

Seasonal credit 30 + 7 + 4 30

Term Asset-Backed Securities Loan Facility6 593 - 210 - 8,476 558

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,428 - 5 - 5,806 1,412

Net portfolio holdings of Maiden Lane II LLC8 61 0 - 9,188 61

Net portfolio holdings of Maiden Lane III LLC9 22 0 - 17,712 22

Net portfolio holdings of TALF LLC10 856 0 + 45 856

Float -644 + 120 + 10 -683

Central bank liquidity swaps11 8,889 - 2,660 - 90,934 8,889

Other Federal Reserve assets12 219,092 + 2,324 + 66,147 218,201

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding13 44,803 + 14 + 610 44,803

Total factors supplying reserve funds 2,966,249 + 5,509 - 14,231 2,950,688

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 26, 2012 Dec 19, 2012 Dec 28, 2011

Wednesday

Dec 26, 2012

Currency in circulation13 1,163,598 + 6,846 + 90,009 1,167,122

Reverse repurchase agreements14 101,360 - 2,822 + 10,517 99,853

Foreign official and international accounts 101,360 - 2,822 + 10,517 99,853

Others 0 0 0 0

Treasury cash holdings 148 + 4 + 27 150

Deposits with F.R. Banks, other than reserve balances 128,932 + 15,031 - 79,871 84,570

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 55,563 + 577 - 43,089 55,679

Foreign official 6,163 + 156 + 5,985 6,163

Service-related 0 0 - 2,488 0

Required clearing balances 0 0 - 2,488 0

Adjustments to compensate for float 0 0 0 0

Other 67,206 + 14,298 - 40,278 22,729

Other liabilities and capital15 68,730 + 188 - 4,259 66,343

Total factors, other than reserve balances,

absorbing reserve funds 1,462,767 + 19,246 + 16,423 1,418,037

Reserve balances with Federal Reserve Banks 1,503,482 - 13,738 - 30,653 1,532,651

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 26, 2012 Dec 19, 2012 Dec 28, 2011

Wednesday

Dec 26, 2012

Securities held in custody for foreign official and international

accounts 3,236,361 + 6,082 + 186,777 3,238,440

Marketable U.S. Treasury securities1 2,887,591 + 9,230 + 278,585 2,891,366

Federal agency debt and mortgage-backed securities2 312,758 - 3,251 - 93,034 311,053

Other securities3 36,011 + 102 + 1,226 36,020

Securities lent to dealers 8,671 + 2,790 - 7,573 9,346

Overnight facility4 8,671 + 2,790 - 7,573 9,346

U.S. Treasury securities 7,957 + 2,849 - 7,036 8,629

Federal agency debt securities 714 - 59 - 537 717

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 26, 2012

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 56 51 0 506 0 ... 613

U.S. Treasury securities2

Holdings 382 4 16 365,270 866,016 425,241 1,656,930

Weekly changes 0 0 0 - 7,422 - 2 + 5,502 - 1,921

Federal agency debt securities3

Holdings 422 3,938 15,202 52,830 2,044 2,347 76,783

Weekly changes - 2,078 - 13 - 409 0 0 0 - 2,500

Mortgage-backed securities4

Holdings 0 0 2 1 2,358 924,197 926,558

Weekly changes 0 0 - 1 0 + 78 - 6,910 - 6,833

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 1,742 7,147 0 0 0 0 8,889

Reverse repurchase agreements6 99,853 0 ... ... ... ... 99,853

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

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

...Not applicable.

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

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

under generally accepted accounting principles.

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

original face value of such securities.

3. Face value.

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

underlying mortgages.

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

6. Cash value of agreements.

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

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

central bank.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Wednesday Account name Dec 26, 2012

Mortgage-backed securities held outright1 926,558

Commitments to buy mortgage-backed securities2 106,935

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 125

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 26, 2012

Net portfolio holdings of Maiden Lane LLC1 1,412

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 26, 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 26, 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 26, 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 26, 2012 Dec 19, 2012 Dec 28, 2011

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,114 - 12 - 192

Securities, repurchase agreements, and loans 2,660,884 - 11,505 + 38,420

Securities held outright1 2,660,271 - 11,254 + 46,889

U.S. Treasury securities 1,656,930 - 1,921 - 15,162

Bills2 0 0 - 18,423

Notes and bonds, nominal2 1,571,252 - 1,914 - 4,332

Notes and bonds, inflation-indexed2 74,740 0 + 6,272

Inflation compensation3 10,938 - 7 + 1,321

Federal agency debt securities2 76,783 - 2,500 - 27,211

Mortgage-backed securities4 926,558 - 6,833 + 89,263

Repurchase agreements5 0 0 0

Loans 613 - 251 - 8,469

Net portfolio holdings of Maiden Lane LLC6 1,412 - 19 - 5,816

Net portfolio holdings of Maiden Lane II LLC7 61 0 - 9,220

Net portfolio holdings of Maiden Lane III LLC8 22 0 - 17,717

Net portfolio holdings of TALF LLC9 856 0 + 45

Items in process of collection (0) 146 + 13 - 212

Bank premises 2,339 + 2 + 151

Central bank liquidity swaps10 8,889 - 2,660 - 90,934

Other assets11 215,898 + 1,262 + 65,847

Total assets (0) 2,908,859 - 12,917 - 19,626

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 26, 2012 Dec 19, 2012 Dec 28, 2011

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,124,578 + 7,115 + 90,058

Reverse repurchase agreements12 99,853 - 1,111 + 11,179

Deposits (0) 1,617,257 - 17,428 - 114,671

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 1,532,687 + 49,989 - 36,580

U.S. Treasury, General Account 55,679 - 19,338 - 35,739

Foreign official 6,163 + 163 + 5,785

Other (0) 22,729 - 48,242 - 48,137

Deferred availability cash items (0) 829 - 161 - 665

Other liabilities and accrued dividends13 11,615 - 1,330 - 6,456

Total liabilities (0) 2,854,131 - 12,917 - 20,555

Capital accounts

Capital paid in 27,364 0 + 464

Surplus 27,364 0 + 464

Other capital accounts 0 0 0

Total capital 54,728 0 + 929

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 26, 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 2,114 38 93 140 144 376 208 310 36 52 165 195 356

Securities, repurchase agreements,

and loans 2,660,884 64,614 1,492,050 87,943 67,636 189,350 160,402 147,583 41,591 24,208 53,450 103,365 228,691

Securities held outright1 2,660,271 64,613 1,491,493 87,943 67,636 189,335 160,396 147,580 41,591 24,184 53,446 103,365 228,689

U.S. Treasury securities 1,656,930 40,244 928,965 54,774 42,126 117,926 99,901 91,919 25,905 15,063 33,288 64,380 142,437

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

Notes and bonds3 1,656,930 40,244 928,965 54,774 42,126 117,926 99,901 91,919 25,905 15,063 33,288 64,380 142,437

Federal agency debt securities2 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 securities4 926,558 22,504 519,479 30,630 23,557 65,944 55,865 51,401 14,486 8,423 18,615 36,002 79,651

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

Loans 613 2 558 0 0 15 6 3 0 23 4 0 3

Net portfolio holdings of Maiden

Lane LLC6 1,412 0 1,412 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 146 0 0 1 11 0 125 0 1 8 0 0 0

Bank premises 2,339 119 450 70 115 230 215 203 130 103 253 239 209

Central bank liquidity swaps10 8,889 312 2,867 771 657 1,839 508 237 73 36 88 142 1,358

Other assets11 215,898 5,542 114,569 8,521 6,724 18,914 12,969 11,277 3,216 1,888 4,099 7,959 20,221

Interdistrict settlement account 0 + 18,358 - 90,812 - 19,688 + 1,895 - 23,924 + 36,886 - 5,090 + 199 + 3,235 - 4,501 + 6,076 + 77,367

Total assets 2,908,859 89,588 1,527,212 78,406 77,933 188,087 213,304 155,784 45,709 29,811 54,022 118,985 330,019

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 26, 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 1,355,835 47,647 477,817 47,750 60,723 103,444 175,867 95,420 37,354 22,400 36,481 95,686 155,246

Less: Notes held by F.R. Banks 231,257 6,291 93,702 4,594 8,294 11,841 26,209 12,727 3,955 3,189 6,686 28,209 25,560

Federal Reserve notes, net 1,124,578 41,356 384,115 43,156 52,430 91,603 149,658 82,692 33,399 19,211 29,795 67,477 129,686

Reverse repurchase agreements12 99,853 2,425 55,983 3,301 2,539 7,107 6,020 5,539 1,561 908 2,006 3,880 8,584

Deposits 1,617,257 42,818 1,063,073 27,326 18,315 76,934 53,173 65,411 10,076 9,181 21,441 46,337 183,171

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 1,532,687 42,813 978,652 27,310 18,313 76,852 53,163 65,391 10,075 9,181 21,439 46,334 183,164

U.S. Treasury, General Account 55,679 0 55,679 0 0 0 0 0 0 0 0 0 0

Foreign official 6,163 1 6,136 3 3 8 2 1 0 0 0 1 6

Other 22,729 4 22,606 13 0 74 7 19 0 0 1 3 1

Deferred availability cash items 829 0 0 0 25 0 690 0 0 114 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury13 1,157 24 720 25 19 50 71 70 18 11 27 48 74

Other liabilities and accrued

dividends14 10,458 275 5,830 365 337 901 575 511 199 158 200 366 742

Total liabilities 2,854,131 86,898 1,509,721 74,173 73,664 176,595 210,187 154,224 45,253 29,582 53,468 118,108 322,257

Capital

Capital paid in 27,364 1,345 8,745 2,116 2,134 5,746 1,558 780 228 115 277 439 3,881

Surplus 27,364 1,345 8,745 2,116 2,134 5,746 1,558 780 228 115 277 439 3,881

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

Total liabilities and capital 2,908,859 89,588 1,527,212 78,406 77,933 188,087 213,304 155,784 45,709 29,811 54,022 118,985 330,019

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 26, 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 26, 2012

Federal Reserve notes outstanding 1,355,835

Less: Notes held by F.R. Banks not subject to collateralization 231,257

Federal Reserve notes to be collateralized 1,124,578

Collateral held against Federal Reserve notes 1,124,578

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,108,341

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,660,271

Less: Face value of securities under reverse repurchase agreements 85,531

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,574,740

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.