FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks March 14, 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 13, 2013 Federal Reserve Banks Mar 13, 2013 Mar 6, 2013 Mar 14, 2012 Reserve Bank credit 3,110,142 + 25,303 + 238,537 3,147,468 Securities held outright (1) 2,869,306 + 22,673 + 260,797 2,904,443 U.S. Treasury securities 1,767,057 + 9,951 + 104,521 1,769,987 Bills (2) 0 0 - 18,423 0 Notes and bonds, nominal (2) 1,678,795 + 9,670 + 111,157 1,680,366 Notes and bonds, inflation-indexed (2) 77,696 + 197 + 10,138 78,879 Inflation compensation (3) 10,567 + 85 + 1,650 10,742 Federal agency debt securities (2) 73,588 0 - 26,215 73,588 Mortgage-backed securities (4) 1,028,660 + 12,721 + 182,490 1,060,869 Repurchase agreements (5) 0 0 0 0 Loans 392 - 17 - 7,030 397 Primary credit 6 - 15 - 13 11 Secondary credit 0 0 0 0 Seasonal credit 0 0 - 4 0 Term Asset-Backed Securities Loan Facility (6) 386 - 2 - 7,013 386 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 1,395 - 4 - 4,902 1,402 Net portfolio holdings of Maiden Lane II LLC (8) 62 + 1 - 3,573 64 Net portfolio holdings of Maiden Lane III LLC (9) 22 0 - 17,657 22 Net portfolio holdings of TALF LLC (10) 399 - 93 - 426 399 Float -590 + 158 + 300 -645 Central bank liquidity swaps (11) 7,988 - 355 - 56,885 7,988 Other Federal Reserve assets (12) 231,168 + 2,940 + 67,914 233,397 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (13) 44,891 + 14 + 517 44,891 Total factors supplying reserve funds 3,171,274 + 25,317 + 239,054 3,208,600 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 13, 2013 Federal Reserve Banks Mar 13, 2013 Mar 6, 2013 Mar 14, 2012 Currency in circulation (13) 1,174,938 + 2,326 + 79,704 1,175,819 Reverse repurchase agreements (14) 91,305 - 2,525 + 2,794 92,190 Foreign official and international accounts 91,305 - 2,525 + 3,591 92,190 Others 0 0 - 797 0 Treasury cash holdings 225 + 6 + 59 222 Deposits with F.R. Banks, other than reserve balances 75,734 + 11,461 - 17,644 69,450 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 43,000 + 6,207 + 1,184 28,448 Foreign official 7,602 - 1,034 + 7,475 7,600 Service-related 0 0 - 1,952 0 Required clearing balances 0 0 - 1,952 0 Adjustments to compensate for float 0 0 0 0 Other 25,132 + 6,288 - 24,351 33,403 Other liabilities and capital (15) 68,117 + 1,161 - 7,421 68,330 Total factors, other than reserve balances, absorbing reserve funds 1,410,319 + 12,429 + 57,493 1,406,011 Reserve balances with Federal Reserve Banks 1,760,956 + 12,889 + 181,562 1,802,589 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 13, 2013 Mar 13, 2013 Mar 6, 2013 Mar 14, 2012 Securities held in custody for foreign official and international accounts 3,291,173 - 3,942 + 203,040 3,290,865 Marketable U.S. Treasury securities (1) 2,956,027 - 4,521 + 304,696 2,955,260 Federal agency debt and mortgage-backed securities (2) 296,831 + 34 - 102,181 297,347 Other securities (3) 38,314 + 545 + 525 38,259 Securities lent to dealers 14,962 - 3,755 - 5,849 12,751 Overnight facility (4) 14,962 - 3,755 - 5,849 12,751 U.S. Treasury securities 14,028 - 3,663 - 5,923 11,891 Federal agency debt securities 934 - 92 + 74 860 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 13, 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) 11 0 0 386 0 ... 397 U.S. Treasury securities (2) Holdings 0 5 308 438,304 880,024 451,345 1,769,987 Weekly changes 0 0 0 + 8 + 3,689 + 4,526 + 8,224 Federal agency debt securities (3) Holdings 1,165 1,533 23,547 42,952 2,044 2,347 73,588 Weekly changes 0 0 + 4,068 - 4,068 0 0 0 Mortgage-backed securities (4) Holdings 0 0 1 1 2,566 1,058,301 1,060,869 Weekly changes 0 0 0 0 + 14 + 44,913 + 44,926 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) 888 7,100 0 0 0 0 7,988 Reverse repurchase agreements (6) 92,190 0 ... ... ... ... 92,190 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 13, 2013 Mortgage-backed securities held outright (1) 1,060,869 Commitments to buy mortgage-backed securities (2) 98,518 Commitments to sell mortgage-backed securities (2) 400 Cash and cash equivalents (3) 32 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 13, 2013 Net portfolio holdings of Maiden Lane LLC (1) 1,402 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 13, 2013 Net portfolio holdings of Maiden Lane II LLC (1) 64 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 13, 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 13, 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 13, 2013 Wednesday Wednesday consolidation Mar 6, 2013 Mar 14, 2012 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 2,149 - 17 - 193 Securities, repurchase agreements, and loans 2,904,841 + 53,146 + 284,004 Securities held outright (1) 2,904,443 + 53,149 + 290,987 U.S. Treasury securities 1,769,987 + 8,224 + 110,219 Bills (2) 0 0 - 18,423 Notes and bonds, nominal (2) 1,680,366 + 6,605 + 115,524 Notes and bonds, inflation-indexed (2) 78,879 + 1,380 + 11,321 Inflation compensation (3) 10,742 + 238 + 1,797 Federal agency debt securities (2) 73,588 0 - 26,215 Mortgage-backed securities (4) 1,060,869 + 44,926 + 206,984 Repurchase agreements (5) 0 0 0 Loans 397 - 3 - 6,984 Net portfolio holdings of Maiden Lane LLC (6) 1,402 + 8 - 3,960 Net portfolio holdings of Maiden Lane II LLC (7) 64 + 2 - 3,571 Net portfolio holdings of Maiden Lane III LLC (8) 22 0 - 17,412 Net portfolio holdings of TALF LLC (9) 399 0 - 426 Items in process of collection (0) 574 - 60 + 348 Bank premises 2,302 + 2 - 82 Central bank liquidity swaps (10) 7,988 - 355 - 56,885 Other assets (11) 231,095 + 3,904 + 69,402 Total assets (0) 3,167,073 + 56,630 + 271,224 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 13, 2013 Wednesday Wednesday consolidation Mar 6, 2013 Mar 14, 2012 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,133,295 + 643 + 78,145 Reverse repurchase agreements (12) 92,190 - 1,277 - 7,060 Deposits (0) 1,872,039 + 55,919 + 206,363 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 1,802,589 + 57,279 + 236,394 U.S. Treasury, General Account 28,448 - 20,512 - 16,972 Foreign official 7,600 - 1,035 + 7,473 Other (0) 33,403 + 20,188 - 20,531 Deferred availability cash items (0) 1,219 - 280 - 178 Other liabilities and accrued dividends (13) 13,239 + 1,548 - 6,688 Total liabilities (0) 3,111,982 + 56,553 + 270,583 Capital accounts Capital paid in 27,546 + 39 + 321 Surplus 27,546 + 39 + 321 Other capital accounts 0 0 0 Total capital 55,091 + 77 + 641 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 13, 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 2,149 42 106 138 157 384 193 314 34 53 166 199 365 Securities, repurchase agreements, and loans 2,904,841 70,543 1,628,776 96,015 73,844 206,713 175,118 161,126 45,408 26,404 58,353 112,862 249,680 Securities held outright (1) 2,904,443 70,543 1,628,389 96,015 73,844 206,713 175,118 161,126 45,408 26,404 58,352 112,853 249,679 U.S. Treasury securities 1,769,987 42,990 992,351 58,512 45,001 125,972 106,718 98,191 27,672 16,091 35,560 68,773 152,156 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 1,769,987 42,990 992,351 58,512 45,001 125,972 106,718 98,191 27,672 16,091 35,560 68,773 152,156 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) 1,060,869 25,767 594,781 35,070 26,972 75,504 63,963 58,852 16,586 9,644 21,313 41,220 91,197 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 397 0 387 0 0 0 0 0 0 0 1 9 1 Net portfolio holdings of Maiden Lane LLC (6) 1,402 0 1,402 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (7) 64 0 64 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 574 0 0 0 0 0 573 0 0 0 0 0 0 Bank premises 2,302 117 428 71 114 229 214 201 130 102 251 237 207 Central bank liquidity swaps (10) 7,988 393 2,553 618 623 1,678 455 228 67 33 81 127 1,133 Other assets (11) 231,095 6,237 123,400 8,725 7,134 19,914 13,899 12,176 3,472 2,036 4,422 8,498 21,183 Interdistrict settlement account 0 - 4,245 + 12,048 - 10,462 + 801 - 58,411 + 13,543 - 21,644 + 392 - 325 - 9,352 - 13,164 + 90,819 Total assets 3,167,073 73,692 1,774,840 95,753 83,425 171,808 205,984 153,665 49,965 28,586 54,388 109,765 365,203 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 13, 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 1,395,777 47,201 516,741 46,896 61,400 102,905 175,163 94,465 37,045 23,650 37,747 97,257 155,306 Less: Notes held by F.R. Banks 262,482 10,318 98,435 4,503 9,247 11,283 30,185 14,484 3,384 6,448 9,426 39,392 25,377 Federal Reserve notes, net 1,133,295 36,884 418,305 42,393 52,153 91,621 144,978 79,982 33,661 17,202 28,322 57,864 129,930 Reverse repurchase agreements (12) 92,190 2,239 51,686 3,048 2,344 6,561 5,558 5,114 1,441 838 1,852 3,582 7,925 Deposits 1,872,039 31,552 1,279,622 45,629 24,290 61,160 50,491 66,322 14,153 9,984 23,397 46,946 218,492 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 1,802,589 31,534 1,210,379 45,596 24,287 61,068 50,482 66,294 14,152 9,983 23,396 46,941 218,478 U.S. Treasury, General Account 28,448 0 28,448 0 0 0 0 0 0 0 0 0 0 Foreign official 7,600 2 7,572 3 3 8 2 1 0 0 0 1 6 Other 33,403 15 33,223 31 0 84 7 27 0 0 1 5 9 Deferred availability cash items 1,219 0 0 0 0 0 1,078 0 0 141 0 0 0 Interest on Federal Reserve notes due to U.S. Treasury (13) 1,317 23 856 2 17 43 80 82 19 11 26 57 101 Other liabilities and accrued dividends (14) 11,921 299 6,843 390 344 916 664 595 228 176 235 432 799 Total liabilities 3,111,982 70,997 1,757,313 91,463 79,148 160,302 202,849 152,096 49,502 28,352 53,832 108,882 357,247 Capital Capital paid in 27,546 1,348 8,763 2,145 2,138 5,753 1,567 785 232 117 278 441 3,978 Surplus 27,546 1,348 8,763 2,145 2,138 5,753 1,567 785 232 117 278 441 3,978 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 3,167,073 73,692 1,774,840 95,753 83,425 171,808 205,984 153,665 49,965 28,586 54,388 109,765 365,203 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 13, 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 13, 2013 Federal Reserve notes outstanding 1,395,777 Less: Notes held by F.R. Banks not subject to collateralization 262,482 Federal Reserve notes to be collateralized 1,133,295 Collateral held against Federal Reserve notes 1,133,295 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,117,058 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,904,443 Less: Face value of securities under reverse repurchase agreements 82,723 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,821,721 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.