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Release Date:   September 20, 2012
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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

September 20, 2012
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
Sep 19, 2012
Week ended
Sep 19, 2012		 Change from week ended
Sep 12, 2012 Sep 21, 2011
Reserve Bank credit 2,807,401 + 1,006 - 32,737 2,804,101
    Securities held outright 1 2,586,667 + 3,271 - 63,264 2,583,338
        U.S. Treasury securities 1,643,463 - 9,001 - 18,572 1,646,098
            Bills 2 0 0 - 18,423 0
            Notes and bonds, nominal 2 1,561,672 - 10,021 - 5,663 1,564,318
            Notes and bonds, inflation-indexed 2 71,784 + 964 + 5,030 71,784
            Inflation compensation 3 10,008 + 57 + 485 9,996
        Federal agency debt securities 2 87,162 - 48 - 21,300 87,098
        Mortgage-backed securities 4 856,042 + 12,320 - 23,392 850,142
    Repurchase agreements 5 0 0 0 0
    Loans 1,813 - 388 - 9,755 1,823
        Primary credit 13 - 122 - 10 28
        Secondary credit 0 0 0 0
        Seasonal credit 121 - 1 + 41 116
        Term Asset-Backed Securities Loan Facility 6 1,679 - 266 - 9,786 1,679
        Other credit extensions 0 0 0 0
    Net portfolio holdings of Maiden Lane LLC 7 1,892 - 24 - 13,536 1,739
    Net portfolio holdings of Maiden Lane II LLC 8 61 0 - 9,898 61
    Net portfolio holdings of Maiden Lane III LLC 9 1,585 0 - 19,567 1,585
    Net portfolio holdings of TALF LLC 10 851 0 + 74 851
    Float -662 + 34 + 345 -696
    Central bank liquidity swaps 11 14,742 - 4,704 + 14,167 14,742
    Other Federal Reserve assets 12 200,452 + 2,816 + 68,697 200,657
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding 13 44,671 + 14 + 599 44,671
 
Total factors supplying reserve funds 2,868,313 + 1,020 - 32,138 2,865,013
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
Sep 19, 2012
Week ended
Sep 19, 2012		 Change from week ended
Sep 12, 2012 Sep 21, 2011
Currency in circulation 13 1,125,118 - 1,626 + 88,400 1,125,696
Reverse repurchase agreements 14 95,090 + 6,882 - 226 93,969
    Foreign official and international accounts 93,805 + 6,572 - 1,511 93,969
    Others 1,286 + 312 + 1,286 0
Treasury cash holdings 108 - 10 - 1 109
Deposits with F.R. Banks, other than reserve balances 125,681 + 46,017 - 3,425 157,774
    Term deposits held by depository institutions 3,040 + 3,040 + 3,040 3,040
    U.S. Treasury, General Account 64,716 + 17,697 - 199 75,676
    U.S. Treasury, Supplementary Financing Account 0 0 0 0
    Foreign official 5,560 + 52 + 2,919 5,560
    Service-related 0 0 - 2,520 0
        Required clearing balances 0 0 - 2,520 0
        Adjustments to compensate for float 0 0 0 0
    Other 52,365 + 25,228 - 6,666 73,498
Other liabilities and capital 15 69,000 + 2,339 - 2,456 66,830
 
Total factors, other than reserve balances,
    absorbing reserve funds		 1,414,998 + 53,604 + 82,293 1,444,379
 
Reserve balances with Federal Reserve Banks 1,453,315 - 52,584 - 114,431 1,420,634
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
Sep 19, 2012
Week ended
Sep 19, 2012		 Change from week ended
Sep 12, 2012 Sep 21, 2011
Marketable securities held in custody for foreign
    official and international accounts 1		 3,584,228 + 7,391 + 116,205 3,591,857
    U.S. Treasury securities 2,887,175 + 10,218 + 151,596 2,894,729
    Federal agency securities 2 697,053 - 2,827 - 35,391 697,128
Securities lent to dealers 6,543 + 257 - 3,862 7,010
    Overnight facility 3 6,543 + 257 - 3,862 7,010
        U.S. Treasury securities 5,793 + 122 - 4,010 6,407
        Federal agency debt securities 749 + 134 + 147 603
Note: Components may not sum to totals because of rounding.


1. 
Face value of the securities. Includes U.S. Treasury STRIPS and other zero-coupon bonds at face value and mortgage-backed securities at original face value.
2. 
Includes debt and mortgage-backed securities.
3. 
Fully collateralized by U.S. Treasury securities.

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, September 19, 2012
Millions of dollars
Remaining maturity Within 15
days		 16 days to
90 days		 91 days to
1 year		 Over 1 year
to 5 years		 Over 5 years
to 10 years		 Over 10
years		 All
Loans 1 149 223 405 1,047 0 ... 1,823
U.S. Treasury securities 2  
    Holdings 825 103 992 472,367 799,787 372,024 1,646,098
    Weekly changes + 825 - 825 0 - 15,602 + 9,369 + 1,480 - 4,753
Federal agency debt securities 3  
    Holdings 3,693 4,122 15,631 56,895 4,410 2,347 87,098
    Weekly changes - 112 0 + 564 - 564 0 0 - 112
Mortgage-backed securities 4  
    Holdings 0 0 3 3 299 849,836 850,142
    Weekly changes 0 0 - 1 0 + 8 + 6,404 + 6,412
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 3,771 10,971 0 0 0 0 14,742
   
Reverse repurchase agreements 6 93,969 0 ... ... ... ... 93,969
Term deposits 0 3,040 0 ... ... ... 3,040
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
Sep 19, 2012
Mortgage-backed securities held outright 1 850,142
 
Commitments to buy mortgage-backed securities 2 57,143
Commitments to sell mortgage-backed securities 2 1,950
 
Cash and cash equivalents 3 117
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
Sep 19, 2012
Net portfolio holdings of Maiden Lane LLC 1 1,739
 
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. 3 307
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 June 30, 2012. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. 
Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. 
Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.


5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Account name Wednesday
Sep 19, 2012
Net portfolio holdings of Maiden Lane II LLC 1 61
 
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 June 30, 2012. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. 
Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. 
Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.


6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Account name Wednesday
Sep 19, 2012
Net portfolio holdings of Maiden Lane III LLC 1 1,585
 
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 June 30, 2012. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. 
Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. 
Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.


7. Information on Principal Accounts of TALF LLC
Millions of dollars
Account name Wednesday
Sep 19, 2012
Asset-backed securities holdings 1 0
Other investments, net 851
Net portfolio holdings of TALF LLC 851
 
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 3 112
1. 
Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date.
2. 
Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. 
Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

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


TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF LLC, by the interest received on investments of TALF LLC, by up to $1.4 billion in subordinated debt funding provided by the U.S. Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S. Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the U.S. Treasury.


8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations from
consolidation		 Wednesday
Sep 19, 2012		 Change since
Wednesday
Sep 12, 2012		 Wednesday
Sep 21, 2011
Assets  
    Gold certificate account   11,037 0 0
    Special drawing rights certificate account   5,200 0 0
    Coin   2,177 + 20 - 47
    Securities, repurchase agreements, and loans   2,585,162 + 1,505 - 76,896
        Securities held outright 1   2,583,338 + 1,548 - 67,275
            U.S. Treasury securities   1,646,098 - 4,753 - 17,007
                Bills 2   0 0 - 18,423
                Notes and bonds, nominal 2   1,564,318 - 4,722 - 4,081
                Notes and bonds, inflation-indexed 2   71,784 0 + 5,030
                Inflation compensation 3   9,996 - 31 + 467
            Federal agency debt securities 2   87,098 - 112 - 21,170
            Mortgage-backed securities 4   850,142 + 6,412 - 29,098
        Repurchase agreements 5   0 0 0
        Loans   1,823 - 44 - 9,622
    Net portfolio holdings of Maiden Lane LLC 6   1,739 - 179 - 13,741
    Net portfolio holdings of Maiden Lane II LLC 7   61 0 - 9,903
    Net portfolio holdings of Maiden Lane III LLC 8   1,585 0 - 19,579
    Net portfolio holdings of TALF LLC 9   851 0 + 66
    Items in process of collection (63) 137 - 6 - 191
    Bank premises   2,351 + 2 + 164
    Central bank liquidity swaps 10   14,742 - 4,704 + 14,167
    Other assets 11   198,307 + 1,497 + 68,160
 
Total assets (63) 2,823,348 - 1,866 - 37,800
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
Sep 19, 2012		 Change since
Wednesday
Sep 12, 2012		 Wednesday
Sep 21, 2011
Liabilities  
    Federal Reserve notes, net of F.R. Bank holdings   1,083,307 - 528 + 88,248
    Reverse repurchase agreements 12   93,969 + 986 + 3,016
    Deposits (0) 1,578,409 - 2,759 - 124,390
        Term deposits held by depository institutions   3,040 + 3,040 + 3,040
        Other deposits held by depository institutions   1,420,635 - 82,260 - 128,827
        U.S. Treasury, General Account   75,676 + 37,193 + 1,460
        U.S. Treasury, Supplementary Financing Account   0 0 0
        Foreign official   5,560 - 1 + 2,924
        Other (0) 73,498 + 39,269 - 2,987
    Deferred availability cash items (63) 833 - 77 - 529
    Other liabilities and accrued dividends 13   11,987 + 305 - 7,086
 
Total liabilities (63) 2,768,505 - 2,073 - 40,740
 
Capital accounts  
    Capital paid in   27,422 + 104 + 1,470
    Surplus   27,422 + 104 + 1,470
    Other capital accounts   0 0 0
 
Total capital   54,843 + 208 + 2,940
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, September 19, 2012
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City		 Dallas San
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 2,177 48 100 147 147 388 207 318 37 54 163 208 359
    Securities, repurchase agreements,
        and loans		 2,585,162 62,744 1,450,049 85,400 65,684 183,860 155,762 143,326 40,397 23,555 51,915 100,386 222,083
        Securities held outright 1 2,583,338 62,744 1,448,360 85,400 65,680 183,860 155,757 143,312 40,388 23,485 51,900 100,376 222,075
            U.S. Treasury securities 1,646,098 39,981 922,892 54,416 41,851 117,155 99,248 91,318 25,735 14,965 33,071 63,959 141,506
                Bills 2 0 0 0 0 0 0 0 0 0 0 0 0 0
                Notes and bonds 3 1,646,098 39,981 922,892 54,416 41,851 117,155 99,248 91,318 25,735 14,965 33,071 63,959 141,506
            Federal agency debt securities 2 87,098 2,115 48,832 2,879 2,214 6,199 5,251 4,832 1,362 792 1,750 3,384 7,487
            Mortgage-backed securities 4 850,142 20,648 476,636 28,104 21,614 60,506 51,258 47,162 13,291 7,729 17,080 33,032 73,082
        Repurchase agreements 5 0 0 0 0 0 0 0 0 0 0 0 0 0
        Loans 1,823 0 1,689 0 4 0 5 14 9 70 14 10 8
    Net portfolio holdings of Maiden
        Lane LLC 6		 1,739 0 1,739 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane II LLC 7		 61 0 61 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane III LLC 8		 1,585 0 1,585 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of TALF LLC 9 851 0 851 0 0 0 0 0 0 0 0 0 0
    Items in process of collection 200 2 0 56 51 4 31 11 4 11 3 7 21
    Bank premises 2,351 121 455 68 123 230 213 203 130 104 254 240 210
    Central bank liquidity swaps 10 14,742 517 4,755 1,279 1,090 3,049 843 393 121 60 147 236 2,252
    Other assets 11 198,307 5,124 104,608 7,987 6,309 17,787 11,908 10,245 2,938 1,722 3,740 7,166 18,774
    Interdistrict settlement account 0 + 6,312 - 6,000 - 12,564 - 1,966 - 34,443 + 24,394 + 1,422 + 1,221 + 971 - 3,063 - 3,050 + 26,767
 
Total assets 2,823,411 75,472 1,563,846 83,019 72,189 172,177 195,348 157,182 45,310 26,758 53,627 106,199 272,283
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, September 19, 2012 (continued)
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City		 Dallas San
Francisco
Liabilities  
    Federal Reserve notes outstanding 1,301,612 45,866 454,782 47,874 61,451 102,219 175,249 94,806 37,336 22,502 36,450 83,406 139,671
        Less: Notes held by F.R. Banks 218,305 5,170 83,177 6,073 8,882 13,026 27,438 14,073 4,396 3,539 4,195 21,828 26,509
            Federal Reserve notes, net 1,083,307 40,696 371,605 41,802 52,569 89,193 147,812 80,732 32,941 18,963 32,255 61,578 113,161
    Reverse repurchase agreements 12 93,969 2,282 52,684 3,106 2,389 6,688 5,666 5,213 1,469 854 1,888 3,651 8,078
    Deposits 1,578,409 29,555 1,114,370 33,353 12,614 64,414 38,093 69,164 10,231 6,388 18,693 39,665 141,870
        Term deposits held by depository
            institutions		 3,040 5 2,596 0 0 10 55 5 0 65 299 5 0
        Other deposits held by depository
            institutions		 1,420,635 29,546 957,209 33,349 12,611 64,299 38,029 69,131 10,231 6,323 18,393 39,653 141,862
        U.S. Treasury, General Account 75,676 0 75,676 0 0 0 0 0 0 0 0 0 0
        U.S. Treasury, Supplementary
            Financing Account		 0 0 0 0 0 0 0 0 0 0 0 0 0
        Foreign official 5,560 1 5,533 3 3 8 2 1 0 0 0 1 6
        Other 73,498 2 73,356 1 0 97 7 26 1 0 1 6 1
    Deferred availability cash items 896 28 0 94 55 20 149 25 24 170 33 64 234
    Interest on Federal Reserve notes due
        to U.S. Treasury 13		 1,599 42 936 61 49 22 105 91 24 16 32 73 148
    Other liabilities and accrued
        dividends 14		 10,387 210 6,790 276 259 667 449 406 171 138 174 294 551
 
Total liabilities 2,768,568 72,813 1,546,385 78,693 67,935 161,004 192,274 155,632 44,861 26,530 53,075 105,325 264,041
 
Capital  
    Capital paid in 27,422 1,329 8,730 2,163 2,127 5,586 1,537 775 225 114 276 437 4,121
    Surplus 27,422 1,329 8,730 2,163 2,127 5,586 1,537 775 225 114 276 437 4,121
    Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
 
Total liabilities and capital 2,823,411 75,472 1,563,846 83,019 72,189 172,177 195,348 157,182 45,310 26,758 53,627 106,199 272,283
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, September 19, 2012 (continued)

1. 
Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. 
Face value of the securities.
3. 
Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. 
Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. 
Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. 
Refer to table 4 and the note on consolidation below.
7. 
Refer to table 5 and the note on consolidation below.
8. 
Refer to table 6 and the note on consolidation below.
9. 
Refer to table 7 and the note on consolidation below.
10. 
Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.
11. 
Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility.
12. 
Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
13. 
Represents the estimated weekly remittances to U.S Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount necessary to equate surplus with capital paid-in.
14. 
Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.


Note on consolidation:


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


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


10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Sep 19, 2012
Federal Reserve notes outstanding 1,301,612
    Less: Notes held by F.R. Banks not subject to collateralization 218,305
        Federal Reserve notes to be collateralized 1,083,307
Collateral held against Federal Reserve notes 1,083,307
    Gold certificate account 11,037
    Special drawing rights certificate account 5,200
    U.S. Treasury, agency debt, and mortgage-backed securities pledged 1,2 1,067,071
    Other assets pledged 0
Memo:  
Total U.S. Treasury, agency debt, and mortgage-backed securities 1,2 2,583,338
    Less: Face value of securities under reverse repurchase agreements 80,779
        U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,502,559
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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Last update: September 20, 2012