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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

November 29, 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
Nov 28, 2012

Week ended
Nov 28, 2012

Change from week ended

Nov 21, 2012

Nov 30, 2011

Reserve Bank credit

2,841,145

+    1,798

+   48,029

2,833,718

Securities held outright1

2,617,588

−      216

+   16,041

2,609,467

U.S. Treasury securities

1,644,758

−    6,283

−   21,750

1,646,645

Bills2

         0

         0

−   18,423

         0

Notes and bonds, nominal2

1,560,596

−    6,368

−    9,677

1,562,452

Notes and bonds, inflation-indexed2

    73,344

         0

+    5,351

    73,344

Inflation compensation3

    10,818

+       85

+      999

    10,850

Federal agency debt securities2

    79,283

−    1,238

−   26,626

    79,283

Mortgage-backed securities4

   893,547

+    7,304

+   64,417

   883,539

Repurchase agreements5

         0

         0

         0

         0

Loans

       975

−       30

−    8,834

     1,018

Primary credit

        11

+        6

−       31

        56

Secondary credit

         0

         0

         0

         0

Seasonal credit

        24

−       12

+        8

        26

Term Asset-Backed Securities Loan Facility6

       940

−       25

−    8,811

       937

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Maiden Lane LLC7

     1,437

−      117

−    9,165

     1,434

Net portfolio holdings of Maiden Lane II LLC8

        61

         0

−    9,288

        61

Net portfolio holdings of Maiden Lane III LLC9

        22

−        1

−   17,817

        22

Net portfolio holdings of TALF LLC10

       856

+        1

+       53

       856

Float

      -730

+       68

+      109

      -720

Central bank liquidity swaps11

    12,217

−       35

+    9,816

    12,212

Other Federal Reserve assets12

   208,719

+    2,127

+   67,114

   209,368

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding13

    44,760

+       14

+      583

    44,760

Total factors supplying reserve funds

2,902,146

+    1,812

+   48,613

2,894,720

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
Nov 28, 2012

Week ended
Nov 28, 2012

Change from week ended

Nov 21, 2012

Nov 30, 2011

Currency in circulation13

1,153,247

+    3,441

+   90,985

1,152,974

Reverse repurchase agreements14

    95,711

+    1,944

+    7,400

    93,230

Foreign official and international accounts

    95,711

+    1,944

+    7,400

    93,230

Others

         0

         0

         0

         0

Treasury cash holdings

       141

−        2

+       39

       147

Deposits with F.R. Banks, other than reserve balances

    98,125

+   14,960

−   13,066

    41,378

Term deposits held by depository institutions

     3,043

         0

−    2,012

     3,043

U.S. Treasury, General Account

    27,904

+    3,471

−   15,866

    16,103

Foreign official

     6,520

         0

+    6,334

     6,482

Service-related

         0

         0

−    2,504

         0

Required clearing balances

         0

         0

−    2,504

         0

Adjustments to compensate for float

         0

         0

         0

         0

Other

    60,658

+   11,490

+      983

    15,750

Other liabilities and capital15

    69,127

−      704

−    2,343

    67,474

Total factors, other than reserve balances,
absorbing reserve funds

1,416,351

+   19,638

+   83,015

1,355,204

Reserve balances with Federal Reserve Banks

1,485,795

−   17,827

−   34,402

1,539,515

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
Nov 28, 2012

Week ended
Nov 28, 2012

Change from week ended

Nov 21, 2012

Nov 30, 2011

Securities held in custody for foreign official and international accounts

3,198,053

−      769

+  110,780

3,202,129

Marketable U.S. Treasury securities1

2,844,050

−      396

+  188,484

2,848,876

Federal agency debt and mortgage-backed securities2

   317,960

−      404

−   80,539

   317,018

Other securities3

    36,043

+       32

+    2,835

    36,235

Securities lent to dealers

     7,313

+        4

−    4,514

     9,783

Overnight facility4

     7,313

+        4

−    4,514

     9,783

U.S. Treasury securities

     6,734

+       24

−    3,866

     9,113

Federal agency debt securities

       580

−       19

−      648

       670

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, November 28, 2012

Millions of dollars

Remaining Maturity

Within 15

16 days to

91 days to

Over 1 year

Over 5 years

Over 10

All

days

90 days

1 year

to 5 years

to 10 years

years

Loans1

        80

       246

        47

       645

         0

...

     1,018

U.S. Treasury securities2

Holdings

       100

       385

        42

   396,251

   844,457

   405,410

1,646,645

Weekly changes

         0

         0

         0

−    7,663

+       18

+    3,801

−    3,844

Federal agency debt securities3

Holdings

         0

     5,273

    15,638

    53,981

     2,044

     2,347

    79,283

Weekly changes

         0

+      603

−      603

         0

         0

         0

         0

Mortgage-backed securities4

Holdings

         0

         0

         3

         1

     1,678

   881,857

   883,539

Weekly changes

         0

         0

         0

         0

−       26

−   17,017

−   17,044

Asset-backed securities held by
TALF LLC5

         0

         0

         0

         0

         0

         0

         0

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

     6,950

     5,262

         0

         0

         0

         0

    12,212

Reverse repurchase agreements6

    93,230

         0

...

...

...

...

    93,230

Term deposits

     3,043

         0

         0

...

...

...

     3,043

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

Nov 28, 2012

Mortgage-backed securities held outright1

   883,539

Commitments to buy mortgage-backed securities2

   110,263

Commitments to sell mortgage-backed securities2

     2,000

Cash and cash equivalents3

       164

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

Nov 28, 2012

Net portfolio holdings of Maiden Lane LLC1

     1,434

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

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3

         0

1.

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

Nov 28, 2012

Net portfolio holdings of Maiden Lane II LLC1

        61

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

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3

         0

1.

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

Nov 28, 2012

Net portfolio holdings of Maiden Lane III LLC1

        22

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

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3

         0

1.

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

Nov 28, 2012

Asset-backed securities holdings1

         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 York2

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

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

       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, 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
Nov 28, 2012

Change since

Wednesday

Wednesday

Nov 21, 2012

Nov 30, 2011

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

     5,200

         0

         0

Coin

     2,097

−        4

−      150

Securities, repurchase agreements, and loans

2,610,485

−   20,850

−    4,335

Securities held outright1

2,609,467

−   20,887

+    4,468

U.S. Treasury securities

1,646,645

−    3,844

−   25,393

Bills2

         0

         0

−   18,423

Notes and bonds, nominal2

1,562,452

−    3,918

−   12,911

Notes and bonds, inflation-indexed2

    73,344

         0

+    4,924

Inflation compensation3

    10,850

+       75

+    1,018

Federal agency debt securities2

    79,283

         0

−   26,626

Mortgage-backed securities4

   883,539

−   17,044

+   56,487

Repurchase agreements5

         0

         0

         0

Loans

     1,018

+       37

−    8,803

Net portfolio holdings of Maiden Lane LLC6

     1,434

−        4

−    9,195

Net portfolio holdings of Maiden Lane II LLC7

        61

         0

−    9,318

Net portfolio holdings of Maiden Lane III LLC8

        22

         0

−   17,823

Net portfolio holdings of TALF LLC9

       856

         0

+       53

Items in process of collection

(0)

       125

−       74

−      104

Bank premises

     2,344

−        2

+      157

Central bank liquidity swaps10

    12,212

−       40

+    9,811

Other assets11

   207,024

+    1,135

+   67,029

Total assets

(0)

2,852,897

−   19,839

+   36,124

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
Nov 28, 2012

Change since

Wednesday

Wednesday

Nov 21, 2012

Nov 30, 2011

Liabilities

Federal Reserve notes, net of F.R. Bank holdings

1,110,454

−      738

+   90,007

Reverse repurchase agreements12

    93,230

−      506

+      262

Deposits

(0)

1,580,893

−   16,835

−   50,017

Term deposits held by depository institutions

     3,043

         0

−    2,012

Other deposits held by depository institutions

1,539,515

+   26,601

+   52,262

U.S. Treasury, General Account

    16,103

+      464

−   69,502

Foreign official

     6,482

−      242

+    6,317

Other

(0)

    15,750

−   43,658

−   37,081

Deferred availability cash items

(0)

       845

−       65

−      389

Other liabilities and accrued dividends13

    12,294

−    1,706

−    4,958

Total liabilities

(0)

2,797,717

−   19,848

+   34,906

Capital accounts

Capital paid in

    27,590

+        5

+      609

Surplus

    27,590

+        5

+      609

Other capital accounts

         0

         0

         0

Total capital

    55,180

+       10

+    1,218

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, November 28, 2012

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

     2,097

        39

        90

       146

       141

       381

       203

       301

        36

        51

       162

       197

       350

Securities, repurchase agreements,
and loans

2,610,485

    63,380

1,463,946

    86,263

    66,344

   185,720

   157,333

   144,769

    40,838

    23,739

    52,431

   101,402

   224,322

Securities held outright1

2,609,467

    63,379

1,463,009

    86,263

    66,344

   185,720

   157,333

   144,762

    40,797

    23,722

    52,425

   101,391

   224,321

U.S. Treasury securities

1,646,645

    39,994

   923,199

    54,435

    41,865

   117,194

    99,281

    91,349

    25,744

    14,970

    33,082

    63,981

   141,553

Bills2

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Notes and bonds3

1,646,645

    39,994

   923,199

    54,435

    41,865

   117,194

    99,281

    91,349

    25,744

    14,970

    33,082

    63,981

   141,553

Federal agency debt securities2

    79,283

     1,926

    44,450

     2,621

     2,016

     5,643

     4,780

     4,398

     1,240

       721

     1,593

     3,081

     6,816

Mortgage-backed securities4

   883,539

    21,459

   495,360

    29,208

    22,463

    62,883

    53,271

    49,015

    13,813

     8,032

    17,751

    34,330

    75,953

Repurchase agreements5

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Loans

     1,018

         1

       937

         0

         0

         0

         0

         7

        42

        16

         5

        11

         0

Net portfolio holdings of Maiden

Lane LLC6

     1,434

         0

     1,434

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane II LLC7

        61

         0

        61

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane III LLC8

        22

         0

        22

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of TALF LLC9

       856

         0

       856

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Items in process of collection

       125

         0

         0

         0

         9

         0

       114

         0

         1

         0

         0

         0

         0

Bank premises

     2,344

       120

       453

        69

       116

       229

       214

       206

       130

       103

       253

       239

       210

Central bank liquidity swaps10

    12,212

       428

     3,939

     1,059

       903

     2,526

       698

       326

       100

        50

       121

       196

     1,866

Other assets11

   207,024

     5,326

   109,572

     8,323

     6,503

    18,289

    12,431

    10,743

     3,068

     1,805

     3,916

     7,579

    19,470

Interdistrict settlement account

         0

+    6,017

−   65,775

−   15,167

−    1,437

−   27,808

+   36,151

−    3,399

+    1,764

+    3,272

−    5,291

+    2,705

+   68,969

Total assets

2,852,897

    75,915

1,520,241

    81,341

    73,331

   180,639

   209,136

   154,208

    46,399

    29,302

    52,061

   113,324

   317,002

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, November 28, 2012 (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

1,333,279

    46,974

   464,085

    47,622

    60,564

   103,804

   176,846

    95,644

    37,324

    22,441

    36,234

    91,321

   150,419

Less: Notes held by F.R. Banks

   222,825

     5,653

    88,099

     4,870

     8,492

    11,334

    26,164

    12,925

     4,072

     3,212

     5,517

    26,712

    25,775

Federal Reserve notes, net

1,110,454

    41,320

   375,986

    42,752

    52,072

    92,471

   150,682

    82,719

    33,252

    19,230

    30,717

    64,609

   124,644

Reverse repurchase agreements12

    93,230

     2,264

    52,270

     3,082

     2,370

     6,635

     5,621

     5,172

     1,458

       848

     1,873

     3,622

     8,015

Deposits

1,580,893

    29,341

1,067,258

    30,905

    14,228

    69,069

    48,427

    64,198

    11,026

     8,666

    18,695

    43,816

   175,266

Term deposits held by depository institutions

     3,043

         5

     1,564

       700

         0

        40

       161

        57

         0

        80

       101

         5

       330

Other deposits held by depository institutions

1,539,515

    29,333

1,027,550

    30,195

    14,225

    68,902

    48,256

    64,118

    11,026

     8,586

    18,592

    43,806

   174,928

U.S. Treasury, General Account

    16,103

         0

    16,103

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     6,482

         1

     6,455

         3

         3

         8

         2

         1

         0

         0

         0

         1

         6

Other

    15,750

         2

    15,587

         7

         0

       119

         7

        22

         0

         0

         1

         4

         1

Deferred availability cash items

       845

         0

         0

         0

        28

         0

       654

         0

         0

       162

         0

         0

         0

Interest on Federal Reserve notes due
to U.S. Treasury13

     1,429

        37

       763

        55

        46

       125

        85

        74

        21

        12

        27

        54

       130

Other liabilities and accrued
dividends14

    10,865

       262

     6,480

       338

       316

       844

       549

       487

       188

       155

       195

       347

       702

Total liabilities

2,797,717

    73,226

1,502,757

    77,133

    69,061

   169,144

   206,019

   152,649

    45,945

    29,073

    51,506

   112,448

   308,756

Capital

Capital paid in

    27,590

     1,345

     8,742

     2,104

     2,135

     5,747

     1,559

       779

       227

       115

       277

       438

     4,123

Surplus

    27,590

     1,345

     8,742

     2,104

     2,135

     5,747

     1,559

       779

       227

       115

       277

       438

     4,123

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

2,852,897

    75,915

1,520,241

    81,341

    73,331

   180,639

   209,136

   154,208

    46,399

    29,302

    52,061

   113,324

   317,002

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, November 28, 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

Nov 28, 2012

Federal Reserve notes outstanding

1,333,279

Less: Notes held by F.R. Banks not subject to collateralization

   222,825

Federal Reserve notes to be collateralized

1,110,454

Collateral held against Federal Reserve notes

1,110,454

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2

1,094,217

Other assets pledged

         0

Memo:

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

2,609,467

Less: Face value of securities under reverse repurchase agreements

    79,737

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged

2,529,731

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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