FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks January 17, 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 Jan 16, 2013 Federal Reserve Banks Jan 16, 2013 Jan 9, 2013 Jan 18, 2012 Reserve Bank credit 2,929,676 + 24,071 + 26,018 2,946,215 Securities held outright (1) 2,696,582 + 21,775 + 94,395 2,711,605 U.S. Treasury securities 1,683,442 + 12,061 + 36,163 1,688,886 Bills (2) 0 0 - 18,423 0 Notes and bonds, nominal (2) 1,597,946 + 12,153 + 47,060 1,603,423 Notes and bonds, inflation-indexed (2) 74,740 0 + 6,258 74,740 Inflation compensation (3) 10,757 - 91 + 1,269 10,723 Federal agency debt securities (2) 76,019 - 704 - 26,011 75,111 Mortgage-backed securities (4) 937,121 + 10,418 + 84,243 947,608 Repurchase agreements (5) 0 0 0 0 Loans 567 + 2 - 8,031 573 Primary credit 9 + 2 + 5 15 Secondary credit 0 0 0 0 Seasonal credit 3 0 + 1 3 Term Asset-Backed Securities Loan Facility (6) 556 0 - 8,036 556 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 1,414 + 1 - 5,757 1,416 Net portfolio holdings of Maiden Lane II LLC (8) 61 0 - 9,085 61 Net portfolio holdings of Maiden Lane III LLC (9) 22 0 - 17,776 22 Net portfolio holdings of TALF LLC (10) 856 0 + 45 856 Float -675 + 191 + 241 -635 Central bank liquidity swaps (11) 8,070 - 921 - 95,196 8,070 Other Federal Reserve assets (12) 222,778 + 3,024 + 67,181 224,247 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (13) 44,845 + 14 + 629 44,845 Total factors supplying reserve funds 2,990,762 + 24,085 + 26,647 3,007,301 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 Jan 16, 2013 Federal Reserve Banks Jan 16, 2013 Jan 9, 2013 Jan 18, 2012 Currency in circulation (13) 1,156,326 - 8,094 + 88,427 1,155,341 Reverse repurchase agreements (14) 93,029 - 6,453 + 8,602 90,644 Foreign official and international accounts 93,029 - 6,453 + 8,602 90,644 Others 0 0 0 0 Treasury cash holdings 168 + 12 + 31 174 Deposits with F.R. Banks, other than reserve balances 88,269 - 6,353 - 58,098 89,621 Term deposits held by depository institutions 0 0 - 3,079 0 U.S. Treasury, General Account 54,020 - 5,624 - 24,049 77,177 Foreign official 6,770 + 305 + 6,618 7,149 Service-related 0 0 - 1,980 0 Required clearing balances 0 0 - 1,980 0 Adjustments to compensate for float 0 0 0 0 Other 27,479 - 1,035 - 35,610 5,295 Other liabilities and capital (15) 68,022 + 3,050 - 3,885 67,234 Total factors, other than reserve balances, absorbing reserve funds 1,405,814 - 17,838 + 35,077 1,403,016 Reserve balances with Federal Reserve Banks 1,584,948 + 41,924 - 8,430 1,604,286 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 Jan 16, 2013 Jan 16, 2013 Jan 9, 2013 Jan 18, 2012 Securities held in custody for foreign official and international accounts 3,258,596 + 11,414 + 233,841 3,259,432 Marketable U.S. Treasury securities (1) 2,914,294 + 13,470 + 322,713 2,916,872 Federal agency debt and mortgage-backed securities (2) 308,506 - 1,920 - 89,876 306,744 Other securities (3) 35,796 - 136 + 1,003 35,816 Securities lent to dealers 7,613 + 390 - 2,960 5,898 Overnight facility (4) 7,613 + 390 - 2,960 5,898 U.S. Treasury securities 7,016 + 485 - 2,634 5,301 Federal agency debt securities 597 - 95 - 326 597 Note: Components may not sum to totals because of rounding. 1. Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS. Does not include securities pledged as collateral to foreign official and international account holders against reverse repurchase agreements with the Federal Reserve presented in tables 1, 8, and 9. 2. Face value of federal agency securities and current face value of mortgage-backed securities, which is the remaining principal balance of the underlying mortgages. 3. Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed securities, and commercial paper at face value. 4. Face value. Fully collateralized by U.S. Treasury securities. 2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, January 16, 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) 20 47 0 506 0 ... 573 U.S. Treasury securities (2) Holdings 1 4 15 386,821 871,522 430,521 1,688,886 Weekly changes + 1 - 1 - 1 + 3,259 + 5,433 + 3,886 + 12,579 Federal agency debt securities (3) Holdings 0 3,058 17,142 50,520 2,044 2,347 75,111 Weekly changes - 1,250 0 + 746 - 746 0 0 - 1,250 Mortgage-backed securities (4) Holdings 0 0 2 1 2,376 945,229 947,608 Weekly changes 0 0 0 0 - 3 + 20,900 + 20,896 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) 4,180 3,890 0 0 0 0 8,070 Reverse repurchase agreements (6) 90,644 0 ... ... ... ... 90,644 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 Jan 16, 2013 Mortgage-backed securities held outright (1) 947,608 Commitments to buy mortgage-backed securities (2) 121,880 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 571 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 Jan 16, 2013 Net portfolio holdings of Maiden Lane LLC (1) 1,416 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 September 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 Jan 16, 2013 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 September 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 Jan 16, 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 September 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 Jan 16, 2013 Asset-backed securities holdings (1) 0 Other investments, net 856 Net portfolio holdings of TALF LLC 856 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) 113 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 Jan 16, 2013 Wednesday Wednesday consolidation Jan 9, 2013 Jan 18, 2012 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 2,152 + 32 - 218 Securities, repurchase agreements, and loans 2,712,178 + 32,239 + 103,144 Securities held outright (1) 2,711,605 + 32,225 + 111,167 U.S. Treasury securities 1,688,886 + 12,579 + 37,380 Bills (2) 0 0 - 18,423 Notes and bonds, nominal (2) 1,603,423 + 12,671 + 48,223 Notes and bonds, inflation-indexed (2) 74,740 0 + 6,322 Inflation compensation (3) 10,723 - 92 + 1,257 Federal agency debt securities (2) 75,111 - 1,250 - 26,387 Mortgage-backed securities (4) 947,608 + 20,896 + 100,174 Repurchase agreements (5) 0 0 0 Loans 573 + 14 - 8,023 Net portfolio holdings of Maiden Lane LLC (6) 1,416 + 2 - 5,594 Net portfolio holdings of Maiden Lane II LLC (7) 61 0 - 9,089 Net portfolio holdings of Maiden Lane III LLC (8) 22 0 - 17,611 Net portfolio holdings of TALF LLC (9) 856 0 + 45 Items in process of collection (0) 173 + 21 - 218 Bank premises 2,332 0 + 150 Central bank liquidity swaps (10) 8,070 - 921 - 95,196 Other assets (11) 221,915 + 3,713 + 68,247 Total assets (0) 2,965,412 + 35,087 + 43,661 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 Jan 16, 2013 Wednesday Wednesday consolidation Jan 9, 2013 Jan 18, 2012 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,112,818 - 5,527 + 86,696 Reverse repurchase agreements (12) 90,644 - 4,323 - 449 Deposits (0) 1,693,907 + 43,300 - 37,244 Term deposits held by depository institutions 0 0 - 3,079 Other deposits held by depository institutions 1,604,286 + 38,784 + 58,827 U.S. Treasury, General Account 77,177 + 29,839 - 31,026 Foreign official 7,149 + 684 + 7,023 Other (0) 5,295 - 26,006 - 68,990 Deferred availability cash items (0) 808 - 118 - 1,159 Other liabilities and accrued dividends (13) 12,509 + 1,750 - 5,108 Total liabilities (0) 2,910,687 + 35,084 + 42,737 Capital accounts Capital paid in 27,363 + 2 + 462 Surplus 27,363 + 2 + 462 Other capital accounts 0 0 0 Total capital 54,725 + 3 + 924 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, January 16, 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 2,152 40 94 142 149 379 212 319 37 52 167 205 355 Securities, repurchase agreements, and loans 2,712,178 65,860 1,520,829 89,640 68,944 192,989 163,491 150,432 42,394 24,651 54,480 105,360 233,109 Securities held outright (1) 2,711,605 65,860 1,520,273 89,640 68,941 192,989 163,491 150,428 42,393 24,651 54,477 105,360 233,102 U.S. Treasury securities 1,688,886 41,020 946,881 55,831 42,939 120,200 101,828 93,692 26,404 15,354 33,930 65,622 145,184 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 1,688,886 41,020 946,881 55,831 42,939 120,200 101,828 93,692 26,404 15,354 33,930 65,622 145,184 Federal agency debt securities (2) 75,111 1,824 42,111 2,483 1,910 5,346 4,529 4,167 1,174 683 1,509 2,918 6,457 Mortgage-backed securities (4) 947,608 23,016 531,281 31,326 24,092 67,443 57,134 52,569 14,815 8,615 19,038 36,819 81,461 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 573 0 556 0 3 0 0 3 1 0 3 0 7 Net portfolio holdings of Maiden Lane LLC (6) 1,416 0 1,416 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) 22 0 22 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF LLC (9) 856 0 856 0 0 0 0 0 0 0 0 0 0 Items in process of collection 173 0 0 0 0 0 172 0 0 0 0 0 0 Bank premises 2,332 119 448 70 115 229 215 202 131 103 252 239 209 Central bank liquidity swaps (10) 8,070 283 2,603 700 597 1,669 461 215 66 33 80 129 1,233 Other assets (11) 221,915 5,693 118,072 8,683 6,867 19,332 13,329 11,583 3,321 1,943 4,220 8,141 20,730 Interdistrict settlement account 0 + 9,331 - 27,953 - 13,717 - 4,801 - 47,292 + 26,173 - 12,661 + 639 + 2,868 - 6,025 - 526 + 73,965 Total assets 2,965,412 81,930 1,622,091 86,165 72,622 168,609 206,044 151,354 47,052 29,932 53,643 114,555 331,416 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, January 16, 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 1,361,350 47,641 483,167 47,634 61,260 103,613 175,114 95,371 37,355 22,404 37,441 95,948 154,402 Less: Notes held by F.R. Banks 248,532 7,543 95,577 4,903 9,723 12,632 29,601 14,158 4,315 3,422 8,157 30,476 28,025 Federal Reserve notes, net 1,112,818 40,098 387,590 42,731 51,537 90,981 145,513 81,213 33,041 18,982 29,284 65,471 126,377 Reverse repurchase agreements (12) 90,644 2,202 50,820 2,997 2,305 6,451 5,465 5,029 1,417 824 1,821 3,522 7,792 Deposits 1,693,907 36,646 1,158,691 35,829 14,179 58,787 50,587 62,948 11,917 9,628 21,751 44,263 188,680 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 1,604,286 36,644 1,069,182 35,817 14,176 58,744 50,577 62,920 11,916 9,627 21,750 44,258 188,673 U.S. Treasury, General Account 77,177 0 77,177 0 0 0 0 0 0 0 0 0 0 Foreign official 7,149 1 7,122 3 3 8 2 1 0 0 0 1 6 Other 5,295 0 5,210 8 0 35 7 27 0 0 1 5 1 Deferred availability cash items 808 0 0 0 0 0 703 0 0 105 0 0 0 Interest on Federal Reserve notes due to U.S. Treasury (13) 1,220 29 693 43 31 89 73 63 17 8 23 46 105 Other liabilities and accrued dividends (14) 11,289 265 6,805 333 301 808 585 539 203 155 209 385 701 Total liabilities 2,910,687 79,240 1,604,600 81,932 68,353 157,117 202,927 149,792 46,595 29,701 53,088 113,687 323,655 Capital Capital paid in 27,363 1,345 8,745 2,116 2,134 5,746 1,559 781 228 116 277 434 3,880 Surplus 27,363 1,345 8,745 2,116 2,134 5,746 1,559 781 228 116 277 434 3,880 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 2,965,412 81,930 1,622,091 86,165 72,622 168,609 206,044 151,354 47,052 29,932 53,643 114,555 331,416 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, January 16, 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 Jan 16, 2013 Federal Reserve notes outstanding 1,361,350 Less: Notes held by F.R. Banks not subject to collateralization 248,532 Federal Reserve notes to be collateralized 1,112,818 Collateral held against Federal Reserve notes 1,112,818 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,096,581 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,711,605 Less: Face value of securities under reverse repurchase agreements 77,859 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,633,745 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.