FRB: H.4.1 Release--Factors Affecting Reserve Balances--November 29, 2012

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 Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Nov 28, 2012
Federal Reserve Banks Nov 28, 2012 Nov 21, 2012 Nov 30, 2011

Reserve Bank credit 2,841,145 + 1,798 + 48,029 2,833,718
Securities held outright (1) 2,617,588 - 216 + 16,041 2,609,467
U.S. Treasury securities 1,644,758 - 6,283 - 21,750 1,646,645
Bills (2) 0 0 - 18,423 0
Notes and bonds, nominal (2) 1,560,596 - 6,368 - 9,677 1,562,452
Notes and bonds, inflation-indexed (2) 73,344 0 + 5,351 73,344
Inflation compensation (3) 10,818 + 85 + 999 10,850
Federal agency debt securities (2) 79,283 - 1,238 - 26,626 79,283
Mortgage-backed securities (4) 893,547 + 7,304 + 64,417 883,539
Repurchase agreements (5) 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 Facility (6) 940 - 25 - 8,811 937
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (7) 1,437 - 117 - 9,165 1,434
Net portfolio holdings of Maiden Lane II LLC (8) 61 0 - 9,288 61
Net portfolio holdings of Maiden Lane III LLC (9) 22 - 1 - 17,817 22
Net portfolio holdings of TALF LLC (10) 856 + 1 + 53 856
Float -730 + 68 + 109 -720
Central bank liquidity swaps (11) 12,217 - 35 + 9,816 12,212
Other Federal Reserve assets (12) 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 outstanding (13) 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 Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Nov 28, 2012
Federal Reserve Banks Nov 28, 2012 Nov 21, 2012 Nov 30, 2011

Currency in circulation (13) 1,153,247 + 3,441 + 90,985 1,152,974
Reverse repurchase agreements (14) 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 capital (15) 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
Week ended Change from week ended Nov 28, 2012
Nov 28, 2012 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 securities (1) 2,844,050 - 396 + 188,484 2,848,876
Federal agency debt and mortgage-backed securities (2) 317,960 - 404 - 80,539 317,018
Other securities (3) 36,043 + 32 + 2,835 36,235
Securities lent to dealers 7,313 + 4 - 4,514 9,783
Overnight facility (4) 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

Loans (1) 80 246 47 645 0 ... 1,018
U.S. Treasury securities (2)
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 securities (3)
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 securities (4)
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 LLC (5) 0 0 0 0 0 0 0
Repurchase agreements (6) 0 0 ... ... ... ... 0
Central bank liquidity swaps (7) 6,950 5,262 0 0 0 0 12,212

Reverse repurchase agreements (6) 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 outright (1) 883,539

Commitments to buy mortgage-backed securities (2) 110,263
Commitments to sell mortgage-backed securities (2) 2,000

Cash and cash equivalents (3) 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 LLC (1) 1,434

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
Nov 28, 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 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 LLC (1) 22

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 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, 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 Wednesday Change since
from Nov 28, 2012 Wednesday Wednesday
consolidation 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 outright (1) 2,609,467 - 20,887 + 4,468
U.S. Treasury securities 1,646,645 - 3,844 - 25,393
Bills (2) 0 0 - 18,423
Notes and bonds, nominal (2) 1,562,452 - 3,918 - 12,911
Notes and bonds, inflation-indexed (2) 73,344 0 + 4,924
Inflation compensation (3) 10,850 + 75 + 1,018
Federal agency debt securities (2) 79,283 0 - 26,626
Mortgage-backed securities (4) 883,539 - 17,044 + 56,487
Repurchase agreements (5) 0 0 0
Loans 1,018 + 37 - 8,803
Net portfolio holdings of Maiden Lane LLC (6) 1,434 - 4 - 9,195
Net portfolio holdings of Maiden Lane II LLC (7) 61 0 - 9,318
Net portfolio holdings of Maiden Lane III LLC (8) 22 0 - 17,823
Net portfolio holdings of TALF LLC (9) 856 0 + 53
Items in process of collection (0) 125 - 74 - 104
Bank premises 2,344 - 2 + 157
Central bank liquidity swaps (10) 12,212 - 40 + 9,811
Other assets (11) 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 Wednesday Change since
from Nov 28, 2012 Wednesday Wednesday
consolidation Nov 21, 2012 Nov 30, 2011

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,110,454 - 738 + 90,007
Reverse repurchase agreements (12) 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 dividends (13) 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 outright (1) 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
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 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 securities (2) 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 securities (4) 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 agreements (5) 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 LLC (6) 1,434 0 1,434 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 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 swaps (10) 12,212 428 3,939 1,059 903 2,526 698 326 100 50 121 196 1,866
Other assets (11) 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 agreements (12) 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. Treasury (13) 1,429 37 763 55 46 125 85 74 21 12 27 54 130
Other liabilities and accrued
dividends (14) 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 pledged (1,2) 1,094,217
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 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.

Statistical releases