FRB: H.4.1 Release--Factors Affecting Reserve Balances--September 20, 2012

FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
September 20, 2012

1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Sep 19, 2012
Federal Reserve Banks Sep 19, 2012 Sep 12, 2012 Sep 21, 2011

Reserve Bank credit 2,807,401 + 1,006 - 32,737 2,804,101
Securities held outright (1) 2,586,667 + 3,271 - 63,264 2,583,338
U.S. Treasury securities 1,643,463 - 9,001 - 18,572 1,646,098
Bills (2) 0 0 - 18,423 0
Notes and bonds, nominal (2) 1,561,672 - 10,021 - 5,663 1,564,318
Notes and bonds, inflation-indexed (2) 71,784 + 964 + 5,030 71,784
Inflation compensation (3) 10,008 + 57 + 485 9,996
Federal agency debt securities (2) 87,162 - 48 - 21,300 87,098
Mortgage-backed securities (4) 856,042 + 12,320 - 23,392 850,142
Repurchase agreements (5) 0 0 0 0
Loans 1,813 - 388 - 9,755 1,823
Primary credit 13 - 122 - 10 28
Secondary credit 0 0 0 0
Seasonal credit 121 - 1 + 41 116
Term Asset-Backed Securities Loan Facility (6) 1,679 - 266 - 9,786 1,679
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (7) 1,892 - 24 - 13,536 1,739
Net portfolio holdings of Maiden Lane II LLC (8) 61 0 - 9,898 61
Net portfolio holdings of Maiden Lane III LLC (9) 1,585 0 - 19,567 1,585
Net portfolio holdings of TALF LLC (10) 851 0 + 74 851
Float -662 + 34 + 345 -696
Central bank liquidity swaps (11) 14,742 - 4,704 + 14,167 14,742
Other Federal Reserve assets (12) 200,452 + 2,816 + 68,697 200,657
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (13) 44,671 + 14 + 599 44,671

Total factors supplying reserve funds 2,868,313 + 1,020 - 32,138 2,865,013

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Sep 19, 2012
Federal Reserve Banks Sep 19, 2012 Sep 12, 2012 Sep 21, 2011

Currency in circulation (13) 1,125,118 - 1,626 + 88,400 1,125,696
Reverse repurchase agreements (14) 95,090 + 6,882 - 226 93,969
Foreign official and international accounts 93,805 + 6,572 - 1,511 93,969
Others 1,286 + 312 + 1,286 0
Treasury cash holdings 108 - 10 - 1 109
Deposits with F.R. Banks, other than reserve balances 125,681 + 46,017 - 3,425 157,774
Term deposits held by depository institutions 3,040 + 3,040 + 3,040 3,040
U.S. Treasury, General Account 64,716 + 17,697 - 199 75,676
U.S. Treasury, Supplementary Financing Account 0 0 0 0
Foreign official 5,560 + 52 + 2,919 5,560
Service-related 0 0 - 2,520 0
Required clearing balances 0 0 - 2,520 0
Adjustments to compensate for float 0 0 0 0
Other 52,365 + 25,228 - 6,666 73,498
Other liabilities and capital (15) 69,000 + 2,339 - 2,456 66,830

Total factors, other than reserve balances,
absorbing reserve funds 1,414,998 + 53,604 + 82,293 1,444,379

Reserve balances with Federal Reserve Banks 1,453,315 - 52,584 - 114,431 1,420,634

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
remaining principal balance of the underlying mortgages.
5. Cash value of agreements.
6. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term
Asset-Backed Securities Loan Facility.
7. Refer to table 4 and the note on consolidation accompanying table 9.
8. Refer to table 5 and the note on consolidation accompanying table 9.
9. Refer to table 6 and the note on consolidation accompanying table 9.
10. Refer to table 7 and the note on consolidation accompanying table 9.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
the foreign currency is returned to the foreign central bank. This exchange rate equals the market
exchange rate used when the foreign currency was acquired from the foreign central bank.
12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange
rates, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the
Term Asset-Backed Securities Loan Facility.
13. Estimated.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
securities, and mortgage-backed securities.
15. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to
entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only
to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation
accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S.
Treasury. Refer to table 8 and table 9.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.

1A. Memorandum Items
Millions of dollars
Averages of daily figures Wednesday
Week ended Change from week ended Sep 19, 2012
Memorandum item Sep 19, 2012 Sep 12, 2012 Sep 21, 2011

Marketable securities held in custody for foreign
official and international accounts (1) 3,584,228 + 7,391 + 116,205 3,591,857
U.S. Treasury securities 2,887,175 + 10,218 + 151,596 2,894,729
Federal agency securities (2) 697,053 - 2,827 - 35,391 697,128
Securities lent to dealers 6,543 + 257 - 3,862 7,010
Overnight facility (3) 6,543 + 257 - 3,862 7,010
U.S. Treasury securities 5,793 + 122 - 4,010 6,407
Federal agency debt securities 749 + 134 + 147 603

Note: Components may not sum to totals because of rounding.

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

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, September 19, 2012
Millions of dollars
Within 15 16 days to 91 days to Over 1 year Over 5 years Over 10 All
Remaining maturity days 90 days 1 year to 5 years to 10 years years

Loans (1) 149 223 405 1,047 0 ... 1,823
U.S. Treasury securities (2)
Holdings 825 103 992 472,367 799,787 372,024 1,646,098
Weekly changes + 825 - 825 0 - 15,602 + 9,369 + 1,480 - 4,753
Federal agency debt securities (3)
Holdings 3,693 4,122 15,631 56,895 4,410 2,347 87,098
Weekly changes - 112 0 + 564 - 564 0 0 - 112
Mortgage-backed securities (4)
Holdings 0 0 3 3 299 849,836 850,142
Weekly changes 0 0 - 1 0 + 8 + 6,404 + 6,412
Asset-backed securities held by
TALF LLC (5) 0 0 0 0 0 0 0
Repurchase agreements (6) 0 0 ... ... ... ... 0
Central bank liquidity swaps (7) 3,771 10,971 0 0 0 0 14,742

Reverse repurchase agreements (6) 93,969 0 ... ... ... ... 93,969
Term deposits 0 3,040 0 ... ... ... 3,040

Note: Components may not sum to totals because of rounding.
. . . Not applicable.

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III
LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation
under generally accepted accounting principles.
2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of
inflation on the original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal
balance of the underlying mortgages.
5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.
6. Cash value of agreements.
7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency
is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was
acquired from the foreign central bank.

3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Wednesday
Account name Sep 19, 2012

Mortgage-backed securities held outright (1) 850,142

Commitments to buy mortgage-backed securities (2) 57,143
Commitments to sell mortgage-backed securities (2) 1,950

Cash and cash equivalents (3) 117

1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal
balance of the underlying mortgages.
2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls,
and coupon swaps.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8 and table 9.

4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Wednesday
Account name Sep 19, 2012

Net portfolio holdings of Maiden Lane LLC (1) 1,739

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 307

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
June 30, 2012. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
and accrued dividends in table 8 and table 9.

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

5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Wednesday
Account name Sep 19, 2012

Net portfolio holdings of Maiden Lane II LLC (1) 61

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 0

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
June 30, 2012. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of
American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued
interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table
8 and table 9.

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

6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Wednesday
Account name Sep 19, 2012

Net portfolio holdings of Maiden Lane III LLC (1) 1,585

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
Wednesday
Account name Sep 19, 2012

Asset-backed securities holdings (1) 0
Other investments, net 851
Net portfolio holdings of TALF LLC 851

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3) 112

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
be conducted in an orderly market on the measurement date.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
and accrued dividends in table 8 and table 9.

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

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

8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Eliminations from Wednesday Change since
consolidation Sep 19, 2012 Wednesday Wednesday
Assets, liabilities, and capital Sep 12, 2012 Sep 21, 2011

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 2,177 + 20 - 47
Securities, repurchase agreements, and loans 2,585,162 + 1,505 - 76,896
Securities held outright (1) 2,583,338 + 1,548 - 67,275
U.S. Treasury securities 1,646,098 - 4,753 - 17,007
Bills (2) 0 0 - 18,423
Notes and bonds, nominal (2) 1,564,318 - 4,722 - 4,081
Notes and bonds, inflation-indexed (2) 71,784 0 + 5,030
Inflation compensation (3) 9,996 - 31 + 467
Federal agency debt securities (2) 87,098 - 112 - 21,170
Mortgage-backed securities (4) 850,142 + 6,412 - 29,098
Repurchase agreements (5) 0 0 0
Loans 1,823 - 44 - 9,622
Net portfolio holdings of Maiden Lane LLC (6) 1,739 - 179 - 13,741
Net portfolio holdings of Maiden Lane II LLC (7) 61 0 - 9,903
Net portfolio holdings of Maiden Lane III LLC (8) 1,585 0 - 19,579
Net portfolio holdings of TALF LLC (9) 851 0 + 66
Items in process of collection (63) 137 - 6 - 191
Bank premises 2,351 + 2 + 164
Central bank liquidity swaps (10) 14,742 - 4,704 + 14,167
Other assets (11) 198,307 + 1,497 + 68,160

Total assets (63) 2,823,348 - 1,866 - 37,800

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Eliminations from Wednesday Change since
consolidation Sep 19, 2012 Wednesday Wednesday
Assets, liabilities, and capital Sep 12, 2012 Sep 21, 2011

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,083,307 - 528 + 88,248
Reverse repurchase agreements (12) 93,969 + 986 + 3,016
Deposits (0) 1,578,409 - 2,759 - 124,390
Term deposits held by depository institutions 3,040 + 3,040 + 3,040
Other deposits held by depository institutions 1,420,635 - 82,260 - 128,827
U.S. Treasury, General Account 75,676 + 37,193 + 1,460
U.S. Treasury, Supplementary Financing Account 0 0 0
Foreign official 5,560 - 1 + 2,924
Other (0) 73,498 + 39,269 - 2,987
Deferred availability cash items (63) 833 - 77 - 529
Other liabilities and accrued dividends (13) 11,987 + 305 - 7,086

Total liabilities (63) 2,768,505 - 2,073 - 40,740

Capital accounts
Capital paid in 27,422 + 104 + 1,470
Surplus 27,422 + 104 + 1,470
Other capital accounts 0 0 0

Total capital 54,843 + 208 + 2,940

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 4 and the note on consolidation accompanying table 9.
7. Refer to table 5 and the note on consolidation accompanying table 9.
8. Refer to table 6 and the note on consolidation accompanying table 9.
9. Refer to table 7 and the note on consolidation accompanying table 9.
10. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange
rate used when the foreign currency was acquired from the foreign central bank.
11. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates
and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to
eligible borrowers through the Term Asset-Backed Securities Loan Facility.
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
securities, and mortgage-backed securities.
13. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to
entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to
the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation
accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S.
Treasury.

9. Statement of Condition of Each Federal Reserve Bank, September 19, 2012
Millions of dollars
Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
Assets, liabilities, and capital 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 2,177 48 100 147 147 388 207 318 37 54 163 208 359
Securities, repurchase agreements,
and loans 2,585,162 62,744 1,450,049 85,400 65,684 183,860 155,762 143,326 40,397 23,555 51,915 100,386 222,083
Securities held outright (1) 2,583,338 62,744 1,448,360 85,400 65,680 183,860 155,757 143,312 40,388 23,485 51,900 100,376 222,075
U.S. Treasury securities 1,646,098 39,981 922,892 54,416 41,851 117,155 99,248 91,318 25,735 14,965 33,071 63,959 141,506
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 1,646,098 39,981 922,892 54,416 41,851 117,155 99,248 91,318 25,735 14,965 33,071 63,959 141,506
Federal agency debt securities (2) 87,098 2,115 48,832 2,879 2,214 6,199 5,251 4,832 1,362 792 1,750 3,384 7,487
Mortgage-backed securities (4) 850,142 20,648 476,636 28,104 21,614 60,506 51,258 47,162 13,291 7,729 17,080 33,032 73,082
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 1,823 0 1,689 0 4 0 5 14 9 70 14 10 8
Net portfolio holdings of Maiden
Lane LLC (6) 1,739 0 1,739 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (7) 61 0 61 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (8) 1,585 0 1,585 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF LLC (9) 851 0 851 0 0 0 0 0 0 0 0 0 0
Items in process of collection 200 2 0 56 51 4 31 11 4 11 3 7 21
Bank premises 2,351 121 455 68 123 230 213 203 130 104 254 240 210
Central bank liquidity swaps (10) 14,742 517 4,755 1,279 1,090 3,049 843 393 121 60 147 236 2,252
Other assets (11) 198,307 5,124 104,608 7,987 6,309 17,787 11,908 10,245 2,938 1,722 3,740 7,166 18,774
Interdistrict settlement account 0 + 6,312 - 6,000 - 12,564 - 1,966 - 34,443 + 24,394 + 1,422 + 1,221 + 971 - 3,063 - 3,050 + 26,767

Total assets 2,823,411 75,472 1,563,846 83,019 72,189 172,177 195,348 157,182 45,310 26,758 53,627 106,199 272,283

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

9. Statement of Condition of Each Federal Reserve Bank, September 19, 2012 (continued)
Millions of dollars
Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
Assets, liabilities, and capital City Francisco

Liabilities
Federal Reserve notes outstanding 1,301,612 45,866 454,782 47,874 61,451 102,219 175,249 94,806 37,336 22,502 36,450 83,406 139,671
Less: Notes held by F.R. Banks 218,305 5,170 83,177 6,073 8,882 13,026 27,438 14,073 4,396 3,539 4,195 21,828 26,509
Federal Reserve notes, net 1,083,307 40,696 371,605 41,802 52,569 89,193 147,812 80,732 32,941 18,963 32,255 61,578 113,161
Reverse repurchase agreements (12) 93,969 2,282 52,684 3,106 2,389 6,688 5,666 5,213 1,469 854 1,888 3,651 8,078
Deposits 1,578,409 29,555 1,114,370 33,353 12,614 64,414 38,093 69,164 10,231 6,388 18,693 39,665 141,870
Term deposits held by depository
institutions 3,040 5 2,596 0 0 10 55 5 0 65 299 5 0
Other deposits held by depository
institutions 1,420,635 29,546 957,209 33,349 12,611 64,299 38,029 69,131 10,231 6,323 18,393 39,653 141,862
U.S. Treasury, General Account 75,676 0 75,676 0 0 0 0 0 0 0 0 0 0
U.S. Treasury, Supplementary
Financing Account 0 0 0 0 0 0 0 0 0 0 0 0 0
Foreign official 5,560 1 5,533 3 3 8 2 1 0 0 0 1 6
Other 73,498 2 73,356 1 0 97 7 26 1 0 1 6 1
Deferred availability cash items 896 28 0 94 55 20 149 25 24 170 33 64 234
Interest on Federal Reserve notes due
to U.S. Treasury (13) 1,599 42 936 61 49 22 105 91 24 16 32 73 148
Other liabilities and accrued
dividends (14) 10,387 210 6,790 276 259 667 449 406 171 138 174 294 551

Total liabilities 2,768,568 72,813 1,546,385 78,693 67,935 161,004 192,274 155,632 44,861 26,530 53,075 105,325 264,041

Capital
Capital paid in 27,422 1,329 8,730 2,163 2,127 5,586 1,537 775 225 114 276 437 4,121
Surplus 27,422 1,329 8,730 2,163 2,127 5,586 1,537 775 225 114 276 437 4,121
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 2,823,411 75,472 1,563,846 83,019 72,189 172,177 195,348 157,182 45,310 26,758 53,627 106,199 272,283

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

9. Statement of Condition of Each Federal Reserve Bank, September 19, 2012 (continued)
1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 4 and the note on consolidation below.
7. Refer to table 5 and the note on consolidation below.
8. Refer to table 6 and the note on consolidation below.
9. Refer to table 7 and the note on consolidation below.
10. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals
the market exchange rate used when the foreign currency was acquired from the foreign central bank.
11. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank of New York
(FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility.
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
13. Represents the estimated weekly remittances to U.S Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to
capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the
Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which
requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the
amount necessary to equate surplus with capital paid-in.
14. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have
recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.

Note on consolidation:

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

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

10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Wednesday
Federal Reserve notes and collateral Sep 19, 2012

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

Note: Components may not sum to totals because of rounding.

1. Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright,
compensation to adjust for the effect of inflation on the original face value of inflation-indexed
securities, and cash value of repurchase agreements.
2. Includes securities lent to dealers under the overnight securities lending facility; refer to table
1A.

Statistical releases