FRB: H.4.1 Release--Factors Affecting Reserve Balances--December 13, 2012

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks December 13, 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 Dec 12, 2012
Federal Reserve Banks Dec 12, 2012 Dec 5, 2012 Dec 14, 2011

Reserve Bank credit 2,858,450 + 15,000 - 8,582 2,899,255
Securities held outright (1) 2,630,907 + 12,108 + 13,312 2,668,891
U.S. Treasury securities 1,661,520 + 5,631 - 10,011 1,660,807
Bills (2) 0 0 - 18,423 0
Notes and bonds, nominal (2) 1,577,099 + 5,426 + 1,067 1,575,114
Notes and bonds, inflation-indexed (2) 73,543 + 199 + 6,059 74,740
Inflation compensation (3) 10,878 + 6 + 1,285 10,953
Federal agency debt securities (2) 79,283 0 - 26,626 79,283
Mortgage-backed securities (4) 890,104 + 6,477 + 49,950 928,801
Repurchase agreements (5) 0 0 0 0
Loans 925 - 43 - 9,056 827
Primary credit 5 - 4 - 388 5
Secondary credit 0 0 0 0
Seasonal credit 21 - 1 - 3 19
Term Asset-Backed Securities Loan Facility (6) 899 - 38 - 8,664 803
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (7) 1,434 + 2 - 8,702 1,434
Net portfolio holdings of Maiden Lane II LLC (8) 61 0 - 9,175 61
Net portfolio holdings of Maiden Lane III LLC (9) 22 0 - 17,878 22
Net portfolio holdings of TALF LLC (10) 856 0 + 53 856
Float -778 - 46 + 139 -1,059
Central bank liquidity swaps (11) 12,368 + 187 - 41,967 12,368
Other Federal Reserve assets (12) 212,655 + 2,792 + 64,692 215,855
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (13) 44,775 + 14 + 590 44,775

Total factors supplying reserve funds 2,919,467 + 15,015 - 7,992 2,960,271

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 Dec 12, 2012
Federal Reserve Banks Dec 12, 2012 Dec 5, 2012 Dec 14, 2011

Currency in circulation (13) 1,154,779 + 2,976 + 90,446 1,156,037
Reverse repurchase agreements (14) 98,286 + 3,161 + 13,531 102,444
Foreign official and international accounts 97,964 + 3,988 + 13,209 102,444
Others 321 - 828 + 321 0
Treasury cash holdings 144 - 3 + 30 143
Deposits with F.R. Banks, other than reserve balances 76,171 + 12,676 - 27,416 76,971
Term deposits held by depository institutions 0 - 3,043 - 5,055 0
U.S. Treasury, General Account 38,980 + 4,983 + 17,496 31,399
Foreign official 5,955 - 836 + 5,746 5,841
Service-related 0 0 - 2,497 0
Required clearing balances 0 0 - 2,497 0
Adjustments to compensate for float 0 0 0 0
Other 31,236 + 11,573 - 43,106 39,730
Other liabilities and capital (15) 69,870 + 2,109 - 3,304 76,448

Total factors, other than reserve balances,
absorbing reserve funds 1,399,250 + 20,920 + 73,287 1,412,042

Reserve balances with Federal Reserve Banks 1,520,217 - 5,905 - 81,278 1,548,229

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 Dec 12, 2012
Dec 12, 2012 Dec 5, 2012 Dec 14, 2011

Securities held in custody for foreign official and
international accounts 3,214,921 + 12,200 + 132,203 3,220,818
Marketable U.S. Treasury securities (1) 2,861,248 + 12,019 + 211,377 2,866,875
Federal agency debt and mortgage-backed securities (2) 317,944 + 534 - 80,887 318,293
Other securities (3) 35,729 - 352 + 1,713 35,650
Securities lent to dealers 5,907 + 64 - 5,924 5,426
Overnight facility (4) 5,907 + 64 - 5,924 5,426
U.S. Treasury securities 5,204 - 54 - 5,462 4,746
Federal agency debt securities 702 + 117 - 462 680

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, December 12, 2012

Millions of dollars
Remaining Maturity Within 15 16 days to 91 days to Over 1 year Over 5 year Over 10 All
days 90 days 1 year to 5 years to 10 years years

Loans (1) 6 309 0 512 0 ... 827
U.S. Treasury securities (2)
Holdings 0 386 15 387,879 856,457 416,069 1,660,807
Weekly changes 0 0 - 26 - 7,568 + 9,706 + 5,101 + 7,214
Federal agency debt securities (3)
Holdings 2,500 3,195 16,367 52,830 2,044 2,347 79,283
Weekly changes + 2,500 - 2,500 + 1,151 - 1,151 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 3 1 1,687 927,110 928,801
Weekly changes 0 0 0 0 + 1 + 45,155 + 45,155
Asset-backed securities held by
TALF LLC (5) 0 0 0 0 0 0 0
Repurchase agreements (6) 0 0 ... ... ... ... 0
Central bank liquidity swaps (7) 4,080 8,288 0 0 0 0 12,368

Reverse repurchase agreements (6) 102,444 0 ... ... ... ... 102,444
Term deposits 0 0 0 ... ... ... 0

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

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

3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name Wednesday
Dec 12, 2012

Mortgage-backed securities held outright (1) 928,801

Commitments to buy mortgage-backed securities (2) 98,329
Commitments to sell mortgage-backed securities (2) 0

Cash and cash equivalents (3) 8

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
Dec 12, 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
Dec 12, 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
Dec 12, 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
Dec 12, 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 Dec 12, 2012 Wednesday Wednesday
consolidation Dec 5, 2012 Dec 14, 2011

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 2,126 + 11 - 154
Securities, repurchase agreements, and loans 2,669,718 + 52,238 + 22,668
Securities held outright (1) 2,668,891 + 52,370 + 31,429
U.S. Treasury securities 1,660,807 + 7,214 - 12,668
Bills (2) 0 0 - 18,423
Notes and bonds, nominal (2) 1,575,114 + 5,735 - 1,780
Notes and bonds, inflation-indexed (2) 74,740 + 1,396 + 6,272
Inflation compensation (3) 10,953 + 83 + 1,263
Federal agency debt securities (2) 79,283 0 - 26,626
Mortgage-backed securities (4) 928,801 + 45,155 + 70,723
Repurchase agreements (5) 0 0 0
Loans 827 - 132 - 8,761
Net portfolio holdings of Maiden Lane LLC (6) 1,434 0 - 5,777
Net portfolio holdings of Maiden Lane II LLC (7) 61 0 - 9,178
Net portfolio holdings of Maiden Lane III LLC (8) 22 0 - 17,697
Net portfolio holdings of TALF LLC (9) 856 0 + 53
Items in process of collection (0) 111 - 6 - 208
Bank premises 2,335 + 1 + 151
Central bank liquidity swaps (10) 12,368 + 187 - 41,967
Other assets (11) 213,519 + 5,016 + 65,935

Total assets (0) 2,918,788 + 57,448 + 13,829

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 Dec 12, 2012 Wednesday Wednesday
consolidation Dec 5, 2012 Dec 14, 2011

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,113,527 + 1,205 + 88,898
Reverse repurchase agreements (12) 102,444 + 6,126 + 19,972
Deposits (0) 1,625,199 + 41,370 - 99,642
Term deposits held by depository institutions 0 - 3,043 - 5,055
Other deposits held by depository institutions 1,548,229 + 24,293 - 66,939
U.S. Treasury, General Account 31,399 + 9,968 + 5,748
Foreign official 5,841 - 2,136 + 5,141
Other (0) 39,730 + 12,287 - 38,537
Deferred availability cash items (0) 1,170 + 168 - 164
Other liabilities and accrued dividends (13) 21,722 + 8,546 + 3,917

Total liabilities (0) 2,864,062 + 57,415 + 12,981

Capital accounts
Capital paid in 27,363 + 17 + 424
Surplus 27,363 + 17 + 424
Other capital accounts 0 0 0

Total capital 54,726 + 33 + 847

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, December 12, 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 2,126 39 92 142 145 382 207 312 36 53 165 198 355
Securities, repurchase agreements,
and loans 2,669,718 64,823 1,497,129 88,228 67,855 189,949 160,916 148,062 41,729 24,273 53,624 103,700 229,430
Securities held outright (1) 2,668,891 64,822 1,496,326 88,228 67,855 189,949 160,916 148,059 41,726 24,263 53,619 103,700 229,430
U.S. Treasury securities 1,660,807 40,338 931,139 54,903 42,225 118,202 100,135 92,134 25,965 15,098 33,366 64,531 142,770
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 1,660,807 40,338 931,139 54,903 42,225 118,202 100,135 92,134 25,965 15,098 33,366 64,531 142,770
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) 928,801 22,559 520,737 30,704 23,614 66,104 56,000 51,526 14,521 8,444 18,660 36,089 79,844
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 827 1 803 0 0 0 0 3 4 10 5 0 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 111 0 0 0 11 0 99 0 1 0 0 0 0
Bank premises 2,335 119 450 70 115 229 214 202 130 103 253 239 209
Central bank liquidity swaps (10) 12,368 434 3,990 1,073 914 2,558 707 330 101 50 123 198 1,889
Other assets (11) 213,519 5,487 113,284 8,450 6,668 18,761 12,842 11,114 3,179 1,866 4,051 7,785 20,032
Interdistrict settlement account 0 + 11,175 - 102,483 - 15,158 - 2,299 - 21,591 + 40,928 - 192 + 2,298 + 3,537 - 4,396 + 1,123 + 87,059

Total assets 2,918,788 82,681 1,520,476 83,451 74,162 191,590 217,904 161,091 47,937 30,165 54,289 114,250 340,791

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, December 12, 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 1,345,119 47,698 471,392 47,875 60,881 104,191 176,596 96,050 37,382 22,410 36,444 92,459 151,741
Less: Notes held by F.R. Banks 231,592 6,207 92,137 4,796 8,788 12,055 26,212 13,261 4,115 3,228 6,062 28,108 26,622
Federal Reserve notes, net 1,113,527 41,491 379,255 43,079 52,093 92,137 150,384 82,788 33,267 19,182 30,382 64,351 125,119
Reverse repurchase agreements (12) 102,444 2,488 57,435 3,387 2,605 7,291 6,177 5,683 1,602 931 2,058 3,980 8,807
Deposits 1,625,199 35,496 1,053,457 32,083 14,594 79,113 56,151 69,998 12,256 9,341 20,889 44,289 197,531
Term deposits held by depository
institutions 0 0 0 0 0 0 0 0 0 0 0 0 0
Other deposits held by depository
institutions 1,548,229 35,494 976,917 32,072 14,591 78,740 56,139 69,978 12,258 9,340 20,888 44,286 197,524
U.S. Treasury, General Account 31,399 0 31,399 0 0 0 0 0 0 0 0 0 0
Foreign official 5,841 1 5,814 3 3 8 2 1 0 0 0 1 6
Other 39,730 1 39,326 7 0 364 10 19 -3 0 1 3 1
Deferred availability cash items 1,171 0 0 0 23 0 914 0 0 234 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (13) 1,403 41 826 29 33 79 84 87 23 13 30 59 101
Other liabilities and accrued
dividends (14) 20,319 475 12,014 641 546 1,477 1,075 976 335 236 376 695 1,472

Total liabilities 2,864,062 79,991 1,502,987 79,219 69,893 180,096 214,786 159,533 47,483 29,936 53,735 113,374 333,029

Capital
Capital paid in 27,363 1,345 8,745 2,116 2,134 5,747 1,559 779 227 115 277 438 3,881
Surplus 27,363 1,345 8,745 2,116 2,134 5,747 1,559 779 227 115 277 438 3,881
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 2,918,788 82,681 1,520,476 83,451 74,162 191,590 217,904 161,091 47,937 30,165 54,289 114,250 340,791

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, December 12, 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
Dec 12, 2012

Federal Reserve notes outstanding 1,345,119
Less: Notes held by F.R. Banks not subject to collateralization 231,592
Federal Reserve notes to be collateralized 1,113,527
Collateral held against Federal Reserve notes 1,113,527
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,097,290
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,668,891
Less: Face value of securities under reverse repurchase agreements 87,559
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,581,332

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