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FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks

February 21, 2013

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks

Averages of daily figures

Wednesday
Feb 20, 2013

Week ended
Feb 20, 2013

Change from week ended

Feb 13, 2013

Feb 22, 2012

Reserve Bank credit

3,063,397

+   45,653

+  146,079

3,076,719

Securities held outright1

2,829,472

+   52,583

+  216,692

2,843,781

U.S. Treasury securities

1,734,500

+   10,899

+   74,326

1,736,456

Bills2

         0

         0

-   18,423

         0

Notes and bonds, nominal2

1,646,462

+   10,149

+   82,598

1,648,436

Notes and bonds, inflation-indexed2

    77,499

+      783

+    8,739

    77,499

Inflation compensation3

    10,540

-       32

+    1,413

    10,521

Federal agency debt securities2

    74,613

-      356

-   26,204

    74,613

Mortgage-backed securities4

1,020,359

+   42,039

+  168,570

1,032,712

Repurchase agreements5

         0

         0

         0

         0

Loans

       448

-       39

-    7,498

       448

Primary credit

         8

+        1

+        4

         8

Secondary credit

         0

         0

         0

         0

Seasonal credit

         1

         0

+        1

         1

Term Asset-Backed Securities Loan Facility6

       439

-       41

-    7,504

       439

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Maiden Lane LLC7

     1,401

-        3

-    5,078

     1,400

Net portfolio holdings of Maiden Lane II LLC8

        61

         0

-    6,653

        61

Net portfolio holdings of Maiden Lane III LLC9

        22

         0

-   17,573

        22

Net portfolio holdings of TALF LLC10

       507

         0

-      313

       507

Float

      -677

-       63

+      231

    -1,067

Central bank liquidity swaps11

     5,192

-        1

-  102,767

     5,192

Other Federal Reserve assets12

   226,972

-    6,822

+   69,039

   226,376

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding13

    44,849

+       14

+      596

    44,849

Total factors supplying reserve funds

3,124,487

+   45,667

+  146,675

3,137,809

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


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

Millions of dollars

Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks

Averages of daily figures

Wednesday
Feb 20, 2013

Week ended
Feb 20, 2013

Change from week ended

Feb 13, 2013

Feb 22, 2012

Currency in circulation13

1,168,819

+    6,423

+   79,906

1,170,164

Reverse repurchase agreements14

    96,922

+   10,461

+    8,029

    93,121

Foreign official and international accounts

    96,922

+   10,461

+    8,029

    93,121

Others

         0

         0

         0

         0

Treasury cash holdings

       198

+        4

+       41

       206

Deposits with F.R. Banks, other than reserve balances

   122,840

+   43,728

+   19,856

   139,729

Term deposits held by depository institutions

         0

-    3,036

         0

         0

U.S. Treasury, General Account

    24,877

-   10,031

-   30,918

    40,703

Foreign official

     8,416

+      170

+    8,278

     8,401

Service-related

         0

         0

-    1,970

         0

Required clearing balances

         0

         0

-    1,970

         0

Adjustments to compensate for float

         0

         0

         0

         0

Other

    89,548

+   56,626

+   44,467

    90,625

Other liabilities and capital15

    68,324

+      971

-    6,915

    66,206

Total factors, other than reserve balances,
absorbing reserve funds

1,457,104

+   61,588

+  100,918

1,469,426

Reserve balances with Federal Reserve Banks

1,667,383

-   15,921

+   45,757

1,668,383

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

1.

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

2.

Face value of the securities.

3.

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

4.

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

5.

Cash value of agreements.

6.

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

7.

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

8.

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

9.

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

10.

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

11.

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

12.

Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, and the fair value adjustment
to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

13.

Estimated.

14.

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

15.

Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Refer to table 8 and table 9.

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



1A. Memorandum Items

Millions of dollars

Memorandum item

Averages of daily figures

Wednesday
Feb 20, 2013

Week ended
Feb 20, 2013

Change from week ended

Feb 13, 2013

Feb 22, 2012

Securities held in custody for foreign official and international accounts

3,302,030

+    2,127

+  217,872

3,306,820

Marketable U.S. Treasury securities1

2,961,319

+    3,415

+  312,203

2,967,217

Federal agency debt and mortgage-backed securities2

   303,167

-    1,933

-   93,946

   302,037

Other securities3

    37,543

+      645

-      386

    37,566

Securities lent to dealers

    17,985

+       75

-    1,382

    20,164

Overnight facility4

    17,985

+       75

-    1,382

    20,164

U.S. Treasury securities

    17,293

+       56

-    1,088

    19,567

Federal agency debt securities

       692

+       20

-      294

       597

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, February 20, 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

         9

        47

         0

       393

         0

...

       448

U.S. Treasury securities2

Holdings

         1

         4

        14

   416,244

   880,077

   440,115

1,736,456

Weekly changes

-        2

+        1

-        1

+   15,947

-    1,819

-    6,148

+    7,979

Federal agency debt securities3

Holdings

     1,025

     1,535

    20,642

    47,020

     2,044

     2,347

    74,613

Weekly changes

         0

         0

         0

         0

         0

         0

         0

Mortgage-backed securities4

Holdings

         0

         0

         2

         1

     2,598

1,030,110

1,032,712

Weekly changes

         0

         0

         0

         0

+       84

+   22,961

+   23,046

Asset-backed securities held by
TALF LLC5

         0

         0

         0

         0

         0

         0

         0

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

     4,027

     1,165

         0

         0

         0

         0

     5,192

Reverse repurchase agreements6

    93,121

         0

...

...

...

...

    93,121

Term deposits

         0

         0

         0

...

...

...

         0

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

1.

Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden
Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation
under generally accepted accounting principles.

2.

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

3.

Face value.

4.

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

5.

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

6.

Cash value of agreements.

7.

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


3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Account name

Wednesday

Feb 20, 2013

Mortgage-backed securities held outright1

1,032,712

Commitments to buy mortgage-backed securities2

    88,165

Commitments to sell mortgage-backed securities2

         0

Cash and cash equivalents3

        21

1.

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

2.

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

3.

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


4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Account name

Wednesday

Feb 20, 2013

Net portfolio holdings of Maiden Lane LLC1

     1,400

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

Account name

Wednesday

Feb 20, 2013

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 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.


6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Account name

Wednesday

Feb 20, 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

Account name

Wednesday

Feb 20, 2013

Asset-backed securities holdings1

         0

Other investments, net

       507

Net portfolio holdings of TALF LLC

       507

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.


8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Assets, liabilities, and capital

Eliminations from consolidation

Wednesday
Feb 20, 2013

Change since

Wednesday

Wednesday

Feb 13, 2013

Feb 22, 2012

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

     5,200

         0

         0

Coin

     2,206

-       18

-      200

Securities, repurchase agreements, and loans

2,844,229

+   31,024

+  226,154

Securities held outright1

2,843,781

+   31,025

+  233,338

U.S. Treasury securities

1,736,456

+    7,979

+   79,875

Bills2

         0

         0

-   18,423

Notes and bonds, nominal2

1,648,436

+    8,038

+   88,150

Notes and bonds, inflation-indexed2

    77,499

         0

+    8,739

Inflation compensation3

    10,521

-       60

+    1,409

Federal agency debt securities2

    74,613

         0

-   26,204

Mortgage-backed securities4

1,032,712

+   23,046

+  179,667

Repurchase agreements5

         0

         0

         0

Loans

       448

-        1

-    7,184

Net portfolio holdings of Maiden Lane LLC6

     1,400

-        1

-    5,104

Net portfolio holdings of Maiden Lane II LLC7

        61

         0

-    6,654

Net portfolio holdings of Maiden Lane III LLC8

        22

         0

-   17,581

Net portfolio holdings of TALF LLC9

       507

         0

-      318

Items in process of collection

(0)

       573

+        7

+      364

Bank premises

     2,308

+        1

+      130

Central bank liquidity swaps10

     5,192

-        1

-  102,767

Other assets11

   224,068

-   10,111

+   67,629

Total assets

(0)

3,096,802

+   20,901

+  161,653

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


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

Millions of dollars

Assets, liabilities, and capital

Eliminations from consolidation

Wednesday
Feb 20, 2013

Change since

Wednesday

Wednesday

Feb 13, 2013

Feb 22, 2012

Liabilities

Federal Reserve notes, net of F.R. Bank holdings

1,127,723

+    4,724

+   79,719

Reverse repurchase agreements12

    93,121

+    4,066

+    3,297

Deposits

(0)

1,808,112

+   12,702

+   86,827

Term deposits held by depository institutions

         0

-    3,036

         0

Other deposits held by depository institutions

1,668,383

-   28,298

+   45,583

U.S. Treasury, General Account

    40,703

-    1,655

+    4,670

Foreign official

     8,401

+      153

+    8,271

Other

(0)

    90,625

+   45,538

+   28,303

Deferred availability cash items

(0)

     1,640

+      403

-        2

Other liabilities and accrued dividends13

    11,224

-      996

-    8,576

Total liabilities

(0)

3,041,820

+   20,898

+  161,264

Capital accounts

Capital paid in

    27,491

+        1

+      194

Surplus

    27,491

+        1

+      194

Other capital accounts

         0

         0

         0

Total capital

    54,982

+        3

+      388

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

1.

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

2.

Face value of the securities.

3.

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

4.

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

5.

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

6.

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

7.

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

8.

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

9.

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

10.

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

11.

Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to
credit extended by the Federal Reserve Bank of New York (FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

12.

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

13.

Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal
Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury.


9. Statement of Condition of Each Federal Reserve Bank, February 20, 2013

Millions of dollars

Assets, liabilities, and capital

Total

Boston

New York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

Kansas

Dallas

San

City

Francisco

Assets

Gold certificate account

    11,037

       408

     3,824

       437

       515

       890

     1,337

       839

       313

       192

       315

       725

     1,242

Special drawing rights certificate acct.

     5,200

       196

     1,818

       210

       237

       412

       654

       424

       150

        90

       153

       282

       574

Coin

     2,206

        42

       103

       143

       157

       391

       213

       322

        37

        54

       170

       207

       365

Securities, repurchase agreements,
and loans

2,844,229

    69,070

1,594,818

    94,009

    72,301

   202,396

   171,460

   157,761

    44,462

    25,853

    57,134

   110,501

   244,464

Securities held outright1

2,843,781

    69,070

1,594,378

    94,009

    72,301

   202,396

   171,460

   157,761

    44,460

    25,853

    57,133

   110,496

   244,464

U.S. Treasury securities

1,736,456

    42,175

   973,552

    57,403

    44,148

   123,586

   104,696

    96,331

    27,148

    15,786

    34,886

    67,470

   149,274

Bills2

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Notes and bonds3

1,736,456

    42,175

   973,552

    57,403

    44,148

   123,586

   104,696

    96,331

    27,148

    15,786

    34,886

    67,470

   149,274

Federal agency debt securities2

    74,613

     1,812

    41,832

     2,467

     1,897

     5,310

     4,499

     4,139

     1,167

       678

     1,499

     2,899

     6,414

Mortgage-backed securities4

1,032,712

    25,083

   578,994

    34,139

    26,256

    73,500

    62,265

    57,290

    16,145

     9,388

    20,748

    40,126

    88,777

Repurchase agreements5

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Loans

       448

         0

       439

         0

         0

         0

         0

         1

         2

         0

         1

         5

         0

Net portfolio holdings of Maiden

Lane LLC6

     1,400

         0

     1,400

         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

       507

         0

       507

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Items in process of collection

       573

         0

       -48

         0

         0

         0

       624

         0

         0

         1

         0

         0

        -5

Bank premises

     2,308

       118

       429

        70

       115

       229

       214

       202

       130

       103

       252

       238

       208

Central bank liquidity swaps10

     5,192

       255

     1,660

       402

       405

     1,090

       296

       148

        43

        22

        53

        82

       736

Other assets11

   224,068

     6,078

   119,245

     8,622

     6,988

    19,496

    13,450

    11,758

     3,346

     1,968

     4,272

     8,230

    20,613

Interdistrict settlement account

         0

+    4,843

+   26,579

-   13,714

-    4,475

-   59,248

+   18,065

-   15,896

+        9

+      780

-    7,356

-   10,047

+   60,460

Total assets

3,096,802

    81,011

1,750,417

    90,180

    76,244

   165,657

   206,314

   155,559

    48,490

    29,062

    54,992

   110,218

   328,658

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


9. Statement of Condition of Each Federal Reserve Bank, February 20, 2013 (continued)

Millions of dollars

Assets, liabilities, and capital

Total

Boston

New York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

Kansas

Dallas

San

City

Francisco

Liabilities

Federal Reserve notes outstanding

1,383,943

    47,539

   502,194

    47,306

    61,875

   103,682

   174,976

    95,148

    37,357

    23,836

    38,084

    96,765

   155,179

Less: Notes held by F.R. Banks

   256,220

     9,389

    96,015

     5,016

    10,066

    11,417

    29,223

    14,559

     3,286

     5,729

     9,335

    35,347

    26,838

Federal Reserve notes, net

1,127,723

    38,150

   406,179

    42,290

    51,810

    92,265

   145,753

    80,588

    34,071

    18,107

    28,750

    61,419

   128,341

Reverse repurchase agreements12

    93,121

     2,262

    52,209

     3,078

     2,368

     6,628

     5,615

     5,166

     1,456

       847

     1,871

     3,618

     8,005

Deposits

1,808,112

    37,640

1,267,891

    40,234

    17,485

    54,452

    49,681

    67,688

    12,292

     9,594

    23,599

    43,901

   183,655

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

1,668,383

    37,623

1,128,398

    40,203

    17,482

    54,320

    49,671

    67,659

    12,292

     9,593

    23,598

    43,897

   183,646

U.S. Treasury, General Account

    40,703

         0

    40,703

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     8,401

         2

     8,374

         3

         3

         8

         2

         1

         0

         0

         0

         1

         6

Other

    90,625

        15

    90,416

        28

         0

       124

         7

        28

         0

         0

         1

         3

         3

Deferred availability cash items

     1,640

         0

         0

         0

         0

         0

     1,523

         0

         0

       117

         0

         0

         0

Interest on Federal Reserve notes due
to U.S. Treasury13

       998

        18

       582

        27

        20

        59

        63

        60

        18

         7

        23

        46

        75

Other liabilities and accrued
dividends14

    10,226

       248

     6,052

       317

       285

       763

       545

       492

       192

       156

       193

       354

       629

Total liabilities

3,041,820

    78,317

1,732,913

    85,947

    71,967

   154,167

   203,180

   153,994

    48,030

    28,828

    54,436

   109,337

   320,704

Capital

Capital paid in

    27,491

     1,347

     8,752

     2,116

     2,138

     5,745

     1,567

       782

       230

       117

       278

       440

     3,977

Surplus

    27,491

     1,347

     8,752

     2,116

     2,138

     5,745

     1,567

       782

       230

       117

       278

       440

     3,977

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

3,096,802

    81,011

1,750,417

    90,180

    76,244

   165,657

   206,314

   155,559

    48,490

    29,062

    54,992

   110,218

   328,658

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


9. Statement of Condition of Each Federal Reserve Bank, February 20, 2013 (continued)

1.

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

2.

Face value of the securities.

3.

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

4.

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

5.

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

6.

Refer to table 4 and the note on consolidation below.

7.

Refer to table 5 and the note on consolidation below.

8.

Refer to table 6 and the note on consolidation below.

9.

Refer to table 7 and the note on consolidation below.

10.

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

11.

Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank
of New York (FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

12.

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

13.

Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount necessary to equate surplus with capital paid-in.

14.

Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.

Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.

The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 8).

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

Millions of dollars

Federal Reserve notes and collateral

Wednesday

Feb 20, 2013

Federal Reserve notes outstanding

1,383,943

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

   256,220

Federal Reserve notes to be collateralized

1,127,723

Collateral held against Federal Reserve notes

1,127,723

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

1,111,486

Other assets pledged

         0

Memo:

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

2,843,781

Less: Face value of securities under reverse repurchase agreements

    83,639

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

2,760,142

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.


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