FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks March 7, 2013 1. Factors Affecting Reserve Balances of Depository Institutions Millions of dollars Reserve Bank credit, related items, and Averages of daily figures Wednesday reserve balances of depository institutions at Week ended Change from week ended Mar 6, 2013 Federal Reserve Banks Mar 6, 2013 Feb 27, 2013 Mar 7, 2012 Reserve Bank credit 3,084,839 + 7,235 + 220,098 3,090,541 Securities held outright (1) 2,846,633 + 2,328 + 248,406 2,851,294 U.S. Treasury securities 1,757,106 + 12,486 + 100,057 1,761,763 Bills (2) 0 0 - 18,423 0 Notes and bonds, nominal (2) 1,669,125 + 12,487 + 108,044 1,673,761 Notes and bonds, inflation-indexed (2) 77,499 0 + 8,991 77,499 Inflation compensation (3) 10,482 - 2 + 1,445 10,504 Federal agency debt securities (2) 73,588 - 448 - 26,794 73,588 Mortgage-backed securities (4) 1,015,939 - 9,710 + 175,143 1,015,943 Repurchase agreements (5) 0 0 0 0 Loans 409 + 9 - 7,111 400 Primary credit 21 + 18 + 17 14 Secondary credit 0 0 0 0 Seasonal credit 0 - 1 - 3 0 Term Asset-Backed Securities Loan Facility (6) 388 - 8 - 7,125 386 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 1,399 - 1 - 5,042 1,394 Net portfolio holdings of Maiden Lane II LLC (8) 61 0 - 3,762 62 Net portfolio holdings of Maiden Lane III LLC (9) 22 0 - 17,605 22 Net portfolio holdings of TALF LLC (10) 492 - 15 - 333 399 Float -748 - 74 + 265 -865 Central bank liquidity swaps (11) 8,343 + 4,149 - 63,043 8,343 Other Federal Reserve assets (12) 228,228 + 838 + 68,323 229,491 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (13) 44,877 + 14 + 508 44,877 Total factors supplying reserve funds 3,145,957 + 7,249 + 220,606 3,151,659 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 1. Factors Affecting Reserve Balances of Depository Institutions (continued) Millions of dollars Reserve Bank credit, related items, and Averages of daily figures Wednesday reserve balances of depository institutions at Week ended Change from week ended Mar 6, 2013 Federal Reserve Banks Mar 6, 2013 Feb 27, 2013 Mar 7, 2012 Currency in circulation (13) 1,172,612 + 3,229 + 79,922 1,175,141 Reverse repurchase agreements (14) 93,830 - 1,148 + 6,353 93,467 Foreign official and international accounts 93,830 - 1,148 + 6,625 93,467 Others 0 0 - 271 0 Treasury cash holdings 219 + 11 + 57 225 Deposits with F.R. Banks, other than reserve balances 64,273 - 60,242 - 13,179 70,810 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 36,793 - 6,219 - 170 48,960 Foreign official 8,636 + 50 + 8,509 8,635 Service-related 0 0 - 1,955 0 Required clearing balances 0 0 - 1,955 0 Adjustments to compensate for float 0 0 0 0 Other 18,844 - 54,072 - 19,562 13,215 Other liabilities and capital (15) 66,956 + 864 - 8,692 66,706 Total factors, other than reserve balances, absorbing reserve funds 1,397,890 - 57,286 + 64,461 1,406,349 Reserve balances with Federal Reserve Banks 1,748,067 + 64,535 + 156,145 1,745,310 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements. 6. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 7. Refer to table 4 and the note on consolidation accompanying table 9. 8. Refer to table 5 and the note on consolidation accompanying table 9. 9. Refer to table 6 and the note on consolidation accompanying table 9. 10. Refer to table 7 and the note on consolidation accompanying table 9. 11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 13. Estimated. 14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 15. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Refer to table 8 and table 9. Sources: Federal Reserve Banks and the U.S. Department of the Treasury. 1A. Memorandum Items Millions of dollars Memorandum item Averages of daily figures Wednesday Week ended Change from week ended Mar 6, 2013 Mar 6, 2013 Feb 27, 2013 Mar 7, 2012 Securities held in custody for foreign official and international accounts 3,295,115 + 1,222 + 211,537 3,293,292 Marketable U.S. Treasury securities (1) 2,960,548 + 3,715 + 316,026 2,958,185 Federal agency debt and mortgage-backed securities (2) 296,797 - 2,602 - 104,500 297,177 Other securities (3) 37,769 + 109 + 11 37,930 Securities lent to dealers 18,717 - 1,933 - 1,951 18,828 Overnight facility (4) 18,717 - 1,933 - 1,951 18,828 U.S. Treasury securities 17,691 - 2,098 - 1,993 18,076 Federal agency debt securities 1,026 + 165 + 42 752 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 6, 2013 Millions of dollars Remaining Maturity Within 15 16 days to 91 days to Over 1 year Over 5 year Over 10 All days 90 days 1 year to 5 years to 10 years years Loans (1) 14 0 0 386 0 ... 400 U.S. Treasury securities (2) Holdings 0 5 308 438,296 876,335 446,819 1,761,763 Weekly changes - 1 + 1 + 294 + 4,726 + 3,346 + 3,853 + 12,218 Federal agency debt securities (3) Holdings 1,165 1,533 19,479 47,020 2,044 2,347 73,588 Weekly changes + 1,165 - 2 - 1,163 0 0 0 0 Mortgage-backed securities (4) Holdings 0 0 1 1 2,552 1,013,388 1,015,943 Weekly changes 0 0 0 0 + 8 + 21 + 29 Asset-backed securities held by TALF LLC (5) 0 0 0 0 0 0 0 Repurchase agreements (6) 0 0 ... ... ... ... 0 Central bank liquidity swaps (7) 380 7,963 0 0 0 0 8,343 Reverse repurchase agreements (6) 93,467 0 ... ... ... ... 93,467 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 Mar 6, 2013 Mortgage-backed securities held outright (1) 1,015,943 Commitments to buy mortgage-backed securities (2) 125,444 Commitments to sell mortgage-backed securities (2) 600 Cash and cash equivalents (3) 12 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 Mar 6, 2013 Net portfolio holdings of Maiden Lane LLC (1) 1,394 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0 Accrued interest payable to the Federal Reserve Bank of New York (2) 0 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 0 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of 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 Mar 6, 2013 Net portfolio holdings of Maiden Lane II LLC (1) 62 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0 Accrued interest payable to the Federal Reserve Bank of New York (2) 0 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 0 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of 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 Mar 6, 2013 Net portfolio holdings of Maiden Lane III LLC (1) 22 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0 Accrued interest payable to the Federal Reserve Bank of New York (2) 0 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 0 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of 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 Mar 6, 2013 Asset-backed securities holdings (1) 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 York (2) 0 Accrued interest payable to the Federal Reserve Bank of New York (2) 0 Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3) 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 Wednesday Change since from Mar 6, 2013 Wednesday Wednesday consolidation Feb 27, 2013 Mar 7, 2012 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 2,166 - 20 - 196 Securities, repurchase agreements, and loans 2,851,695 + 12,249 + 244,387 Securities held outright (1) 2,851,294 + 12,247 + 251,416 U.S. Treasury securities 1,761,763 + 12,218 + 102,484 Bills (2) 0 0 - 18,423 Notes and bonds, nominal (2) 1,673,761 + 12,177 + 109,332 Notes and bonds, inflation-indexed (2) 77,499 0 + 9,941 Inflation compensation (3) 10,504 + 42 + 1,635 Federal agency debt securities (2) 73,588 0 - 26,215 Mortgage-backed securities (4) 1,015,943 + 29 + 175,147 Repurchase agreements (5) 0 0 0 Loans 400 + 1 - 7,030 Net portfolio holdings of Maiden Lane LLC (6) 1,394 - 5 - 5,059 Net portfolio holdings of Maiden Lane II LLC (7) 62 + 1 - 3,573 Net portfolio holdings of Maiden Lane III LLC (8) 22 0 - 17,698 Net portfolio holdings of TALF LLC (9) 399 - 108 - 426 Items in process of collection (0) 634 + 60 + 469 Bank premises 2,300 - 10 - 85 Central bank liquidity swaps (10) 8,343 + 4,149 - 63,043 Other assets (11) 227,191 + 1,859 + 68,612 Total assets (0) 3,110,443 + 18,175 + 223,389 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 8. Consolidated Statement of Condition of All Federal Reserve Banks (continued) Millions of dollars Assets, liabilities, and capital Eliminations Wednesday Change since from Mar 6, 2013 Wednesday Wednesday consolidation Feb 27, 2013 Mar 7, 2012 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,132,652 + 3,790 + 79,392 Reverse repurchase agreements (12) 93,467 - 7,145 + 7,038 Deposits (0) 1,816,120 + 20,893 + 144,389 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 1,745,310 - 9,052 + 141,248 U.S. Treasury, General Account 48,960 + 32,994 + 22,523 Foreign official 8,635 + 79 + 8,508 Other (0) 13,215 - 3,128 - 27,891 Deferred availability cash items (0) 1,499 + 33 + 257 Other liabilities and accrued dividends (13) 11,691 + 578 - 8,256 Total liabilities (0) 3,055,429 + 18,149 + 222,820 Capital accounts Capital paid in 27,507 + 13 + 284 Surplus 27,507 + 13 + 284 Other capital accounts 0 0 0 Total capital 55,014 + 27 + 569 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, March 6, 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 2,166 43 104 140 156 385 200 317 34 53 167 199 367 Securities, repurchase agreements, and loans 2,851,695 69,254 1,598,977 94,258 72,492 202,931 171,913 158,177 44,577 25,921 57,284 110,798 245,113 Securities held outright (1) 2,851,294 69,253 1,598,591 94,258 72,492 202,931 171,913 158,177 44,577 25,921 57,284 110,788 245,110 U.S. Treasury securities 1,761,763 42,790 987,741 58,240 44,792 125,387 106,222 97,735 27,543 16,016 35,395 68,454 151,449 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 1,761,763 42,790 987,741 58,240 44,792 125,387 106,222 97,735 27,543 16,016 35,395 68,454 151,449 Federal agency debt securities (2) 73,588 1,787 41,257 2,433 1,871 5,237 4,437 4,082 1,150 669 1,478 2,859 6,326 Mortgage-backed securities (4) 1,015,943 24,675 569,593 33,585 25,830 72,306 61,254 56,360 15,883 9,236 20,411 39,475 87,335 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 400 1 386 0 0 0 0 0 0 0 0 10 3 Net portfolio holdings of Maiden Lane LLC (6) 1,394 0 1,394 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (7) 62 0 62 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (8) 22 0 22 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF LLC (9) 399 0 399 0 0 0 0 0 0 0 0 0 0 Items in process of collection 634 0 0 0 0 0 633 0 0 0 0 0 0 Bank premises 2,300 117 427 71 114 229 213 201 130 102 251 237 207 Central bank liquidity swaps (10) 8,343 410 2,667 645 651 1,752 475 238 70 35 84 132 1,183 Other assets (11) 227,191 6,145 121,115 8,700 7,048 19,666 13,654 11,949 3,407 2,002 4,340 8,305 20,860 Interdistrict settlement account 0 + 2,197 - 7,898 - 7,554 - 1,894 - 50,222 + 20,533 - 10,325 + 1,383 + 951 - 7,490 - 8,466 + 68,784 Total assets 3,110,443 78,770 1,722,911 96,906 79,319 176,043 209,613 161,821 50,064 29,346 55,105 112,213 338,331 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, March 6, 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 1,391,581 47,132 513,264 46,931 61,448 102,928 175,361 94,466 37,075 23,661 37,774 96,499 155,042 Less: Notes held by F.R. Banks 258,929 9,893 97,729 4,622 9,365 11,387 29,659 14,501 3,172 6,040 9,549 37,543 25,468 Federal Reserve notes, net 1,132,652 37,239 415,534 42,308 52,083 91,541 145,702 79,965 33,903 17,621 28,225 58,956 129,575 Reverse repurchase agreements (12) 93,467 2,270 52,403 3,090 2,376 6,652 5,635 5,185 1,461 850 1,878 3,632 8,035 Deposits 1,816,120 36,299 1,230,387 46,933 20,283 65,556 53,188 74,533 14,032 10,301 24,226 48,330 192,053 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 1,745,310 36,279 1,159,801 46,899 20,280 65,446 53,179 74,504 14,032 10,301 24,224 48,328 192,038 U.S. Treasury, General Account 48,960 0 48,960 0 0 0 0 0 0 0 0 0 0 Foreign official 8,635 2 8,608 3 3 8 2 1 0 0 0 1 6 Other 13,215 18 13,018 31 0 102 7 27 0 0 1 1 9 Deferred availability cash items 1,499 0 0 0 0 0 1,325 0 0 173 0 0 0 Interest on Federal Reserve notes due to U.S. Treasury (13) 1,358 24 856 25 14 50 90 91 15 12 32 62 86 Other liabilities and accrued dividends (14) 10,333 243 6,206 315 286 754 538 478 194 154 189 351 627 Total liabilities 3,055,429 76,075 1,705,386 92,672 75,042 164,553 206,478 160,252 49,605 29,112 54,549 111,330 330,375 Capital Capital paid in 27,507 1,348 8,762 2,117 2,138 5,745 1,567 785 230 117 278 441 3,978 Surplus 27,507 1,348 8,762 2,117 2,138 5,745 1,567 785 230 117 278 441 3,978 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 3,110,443 78,770 1,722,911 96,906 79,319 176,043 209,613 161,821 50,064 29,346 55,105 112,213 338,331 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, March 6, 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 Mar 6, 2013 Federal Reserve notes outstanding 1,391,581 Less: Notes held by F.R. Banks not subject to collateralization 258,929 Federal Reserve notes to be collateralized 1,132,652 Collateral held against Federal Reserve notes 1,132,652 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,116,415 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,851,294 Less: Face value of securities under reverse repurchase agreements 80,906 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,770,388 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.