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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

March 7, 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
Mar 6, 2013

Week ended
Mar 6, 2013

Change from week ended

Feb 27, 2013

Mar 7, 2012

Reserve Bank credit

3,084,839

+    7,235

+  220,098

3,090,541

Securities held outright1

2,846,633

+    2,328

+  248,406

2,851,294

U.S. Treasury securities

1,757,106

+   12,486

+  100,057

1,761,763

Bills2

         0

         0

-   18,423

         0

Notes and bonds, nominal2

1,669,125

+   12,487

+  108,044

1,673,761

Notes and bonds, inflation-indexed2

    77,499

         0

+    8,991

    77,499

Inflation compensation3

    10,482

-        2

+    1,445

    10,504

Federal agency debt securities2

    73,588

-      448

-   26,794

    73,588

Mortgage-backed securities4

1,015,939

-    9,710

+  175,143

1,015,943

Repurchase agreements5

         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 Facility6

       388

-        8

-    7,125

       386

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Maiden Lane LLC7

     1,399

-        1

-    5,042

     1,394

Net portfolio holdings of Maiden Lane II LLC8

        61

         0

-    3,762

        62

Net portfolio holdings of Maiden Lane III LLC9

        22

         0

-   17,605

        22

Net portfolio holdings of TALF LLC10

       492

-       15

-      333

       399

Float

      -748

-       74

+      265

      -865

Central bank liquidity swaps11

     8,343

+    4,149

-   63,043

     8,343

Other Federal Reserve assets12

   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 outstanding13

    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
reserve balances of depository institutions at
Federal Reserve Banks

Averages of daily figures

Wednesday
Mar 6, 2013

Week ended
Mar 6, 2013

Change from week ended

Feb 27, 2013

Mar 7, 2012

Currency in circulation13

1,172,612

+    3,229

+   79,922

1,175,141

Reverse repurchase agreements14

    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 capital15

    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
Mar 6, 2013

Week ended
Mar 6, 2013

Change from week ended

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 securities1

2,960,548

+    3,715

+  316,026

2,958,185

Federal agency debt and mortgage-backed securities2

   296,797

-    2,602

-  104,500

   297,177

Other securities3

    37,769

+      109

+       11

    37,930

Securities lent to dealers

    18,717

-    1,933

-    1,951

    18,828

Overnight facility4

    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
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

        14

         0

         0

       386

         0

...

       400

U.S. Treasury securities2

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 securities3

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 securities4

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 LLC5

         0

         0

         0

         0

         0

         0

         0

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

       380

     7,963

         0

         0

         0

         0

     8,343

Reverse repurchase agreements6

    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 outright1

1,015,943

Commitments to buy mortgage-backed securities2

   125,444

Commitments to sell mortgage-backed securities2

       600

Cash and cash equivalents3

        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 LLC1

     1,394

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

Mar 6, 2013

Net portfolio holdings of Maiden Lane II LLC1

        62

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

Mar 6, 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

Mar 6, 2013

Asset-backed securities holdings1

         0

Other investments, net

       399

Net portfolio holdings of TALF LLC

       399

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

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

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

         0

1.

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

2.

Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

3.

Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF) under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New York (FRBNY) extends loans with a term of up to five years to holders of eligible asset-backed securities. The TALF is intended to assist financial markets in accommodating the credit needs of consumers and businesses by facilitating the issuance of asset-backed securities collateralized by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The loans are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial risk of a decline in the value of the security.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF LLC then by the interest received on investments of TALF LLC. Payments by TALF LLC from the proceeds of its net portfolio holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S. Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the U.S. Treasury.


8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Assets, liabilities, and capital

Eliminations from consolidation

Wednesday
Mar 6, 2013

Change since

Wednesday

Wednesday

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 outright1

2,851,294

+   12,247

+  251,416

U.S. Treasury securities

1,761,763

+   12,218

+  102,484

Bills2

         0

         0

-   18,423

Notes and bonds, nominal2

1,673,761

+   12,177

+  109,332

Notes and bonds, inflation-indexed2

    77,499

         0

+    9,941

Inflation compensation3

    10,504

+       42

+    1,635

Federal agency debt securities2

    73,588

         0

-   26,215

Mortgage-backed securities4

1,015,943

+       29

+  175,147

Repurchase agreements5

         0

         0

         0

Loans

       400

+        1

-    7,030

Net portfolio holdings of Maiden Lane LLC6

     1,394

-        5

-    5,059

Net portfolio holdings of Maiden Lane II LLC7

        62

+        1

-    3,573

Net portfolio holdings of Maiden Lane III LLC8

        22

         0

-   17,698

Net portfolio holdings of TALF LLC9

       399

-      108

-      426

Items in process of collection

(0)

       634

+       60

+      469

Bank premises

     2,300

-       10

-       85

Central bank liquidity swaps10

     8,343

+    4,149

-   63,043

Other assets11

   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 from consolidation

Wednesday
Mar 6, 2013

Change since

Wednesday

Wednesday

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 agreements12

    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 dividends13

    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 outright1

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

Bills2

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Notes and bonds3

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 securities2

    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 securities4

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 agreements5

         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 LLC6

     1,394

         0

     1,394

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane II LLC7

        62

         0

        62

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane III LLC8

        22

         0

        22

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of TALF LLC9

       399

         0

       399

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Items in process of collection

       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 swaps10

     8,343

       410

     2,667

       645

       651

     1,752

       475

       238

        70

        35

        84

       132

     1,183

Other assets11

   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 agreements12

    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. Treasury13

     1,358

        24

       856

        25

        14

        50

        90

        91

        15

        12

        32

        62

        86

Other liabilities and accrued
dividends14

    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 pledged1,2

1,116,415

Other assets pledged

         0

Memo:

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

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.


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