FRB: H.4.1 Release--Factors Affecting Reserve Balances--January 3, 2013

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks January 3, 2013

1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Jan 2, 2013
Federal Reserve Banks Jan 2, 2013 Dec 26, 2012 Jan 4, 2012

Reserve Bank credit 2,896,291 - 8,914 - 4,355 2,899,219
Securities held outright (1) 2,666,291 - 8,569 + 61,152 2,669,592
U.S. Treasury securities 1,662,851 + 6,185 - 595 1,666,118
Bills (2) 0 0 - 18,423 0
Notes and bonds, nominal (2) 1,577,181 + 6,195 + 10,227 1,580,472
Notes and bonds, inflation-indexed (2) 74,740 0 + 6,272 74,740
Inflation compensation (3) 10,930 - 11 + 1,329 10,906
Federal agency debt securities (2) 76,783 - 357 - 27,211 76,783
Mortgage-backed securities (4) 926,658 - 14,396 + 88,959 926,691
Repurchase agreements (5) 0 0 0 0
Loans 614 - 26 - 8,518 587
Primary credit 28 + 11 - 78 29
Secondary credit 0 0 0 0
Seasonal credit 31 + 1 + 11 3
Term Asset-Backed Securities Loan Facility (6) 556 - 37 - 8,451 556
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (7) 1,413 - 15 - 5,819 1,413
Net portfolio holdings of Maiden Lane II LLC (8) 61 0 - 9,200 61
Net portfolio holdings of Maiden Lane III LLC (9) 22 0 - 17,727 22
Net portfolio holdings of TALF LLC (10) 856 0 + 45 856
Float -696 - 52 + 164 -1,007
Central bank liquidity swaps (11) 8,889 0 - 90,934 8,889
Other Federal Reserve assets (12) 218,840 - 252 + 66,481 218,805
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (13) 44,817 + 14 + 619 44,817

Total factors supplying reserve funds 2,957,349 - 8,900 - 3,735 2,960,278

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

1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Jan 2, 2013
Federal Reserve Banks Jan 2, 2013 Dec 26, 2012 Jan 4, 2012

Currency in circulation (13) 1,168,963 + 5,365 + 93,486 1,169,424
Reverse repurchase agreements (14) 113,122 + 11,762 + 16,825 103,271
Foreign official and international accounts 113,122 + 11,762 + 16,825 103,271
Others 0 0 0 0
Treasury cash holdings 150 + 2 + 21 155
Deposits with F.R. Banks, other than reserve balances 104,858 - 24,074 - 47,202 114,126
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 71,564 + 16,001 - 15,494 84,458
Foreign official 6,344 + 181 + 6,219 6,310
Service-related 0 0 - 2,480 0
Required clearing balances 0 0 - 2,480 0
Adjustments to compensate for float 0 0 0 0
Other 26,951 - 40,255 - 35,446 23,359
Other liabilities and capital (15) 66,390 - 2,340 - 5,890 64,630

Total factors, other than reserve balances,
absorbing reserve funds 1,453,483 - 9,284 + 57,239 1,451,605

Reserve balances with Federal Reserve Banks 1,503,866 + 384 - 60,975 1,508,672

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

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

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

1A. Memorandum Items
Millions of dollars
Memorandum item Averages of daily figures Wednesday
Week ended Change from week ended Jan 2, 2013
Jan 2, 2013 Dec 26, 2012 Jan 4, 2012

Securities held in custody for foreign official and
international accounts 3,232,657 - 3,704 + 205,201 3,240,612
Marketable U.S. Treasury securities (1) 2,885,241 - 2,350 + 296,637 2,893,418
Federal agency debt and mortgage-backed securities (2) 311,452 - 1,306 - 92,598 311,240
Other securities (3) 35,963 - 48 + 1,161 35,954
Securities lent to dealers 7,919 - 752 - 6,145 7,508
Overnight facility (4) 7,919 - 752 - 6,145 7,508
U.S. Treasury securities 7,253 - 704 - 5,630 6,794
Federal agency debt securities 666 - 48 - 514 714

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

1. Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.
Does not include securities pledged as collateral to foreign official and international account holders
against reverse repurchase agreements with the Federal Reserve presented in tables 1, 8, and 9.
2. Face value of federal agency securities and current face value of mortgage-backed securities, which
is the remaining principal balance of the underlying mortgages.
3. Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed
securities, and commercial paper at face value.
4. Face value. Fully collateralized by U.S. Treasury securities.

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, January 2, 2013

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

Loans (1) 29 52 0 506 0 ... 587
U.S. Treasury securities (2)
Holdings 0 5 16 378,474 862,403 425,221 1,666,118
Weekly changes - 382 + 1 0 + 13,204 - 3,613 - 20 + 9,188
Federal agency debt securities (3)
Holdings 1,672 2,688 15,202 52,830 2,044 2,347 76,783
Weekly changes + 1,250 - 1,250 0 0 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 2 1 2,365 924,323 926,691
Weekly changes 0 0 0 0 + 7 + 126 + 133
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) 1,742 7,147 0 0 0 0 8,889

Reverse repurchase agreements (6) 103,271 0 ... ... ... ... 103,271
Term deposits 0 0 0 ... ... ... 0

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

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

3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name Wednesday
Jan 2, 2013

Mortgage-backed securities held outright (1) 926,691

Commitments to buy mortgage-backed securities (2) 116,902
Commitments to sell mortgage-backed securities (2) 1,600

Cash and cash equivalents (3) 55

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

4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name Wednesday
Jan 2, 2013

Net portfolio holdings of Maiden Lane LLC (1) 1,413

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

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

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

5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Account name Wednesday
Jan 2, 2013

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

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

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

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

6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Account name Wednesday
Jan 2, 2013

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
Jan 2, 2013

Asset-backed securities holdings (1) 0
Other investments, net 856
Net portfolio holdings of TALF LLC 856

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3) 113

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

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

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received
by the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed,
for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a
price equal to the TALF loan plus accrued but unpaid interest. Losses on asset-backed securities held by TALF
LLC will be offset in the following order: by the commitment fees collected by TALF LLC, 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 Jan 2, 2013 Wednesday Wednesday
consolidation Dec 26, 2012 Jan 4, 2012

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 2,103 - 11 - 213
Securities, repurchase agreements, and loans 2,670,180 + 9,296 + 56,029
Securities held outright (1) 2,669,592 + 9,321 + 64,421
U.S. Treasury securities 1,666,118 + 9,188 + 2,680
Bills (2) 0 0 - 18,423
Notes and bonds, nominal (2) 1,580,472 + 9,220 + 13,518
Notes and bonds, inflation-indexed (2) 74,740 0 + 6,272
Inflation compensation (3) 10,906 - 32 + 1,313
Federal agency debt securities (2) 76,783 0 - 27,211
Mortgage-backed securities (4) 926,691 + 133 + 88,952
Repurchase agreements (5) 0 0 0
Loans 587 - 26 - 8,393
Net portfolio holdings of Maiden Lane LLC (6) 1,413 + 1 - 5,826
Net portfolio holdings of Maiden Lane II LLC (7) 61 0 - 9,082
Net portfolio holdings of Maiden Lane III LLC (8) 22 0 - 17,766
Net portfolio holdings of TALF LLC (9) 856 0 + 45
Items in process of collection (0) 187 + 41 - 327
Bank premises 2,331 - 8 + 149
Central bank liquidity swaps (10) 8,889 0 - 90,934
Other assets (11) 216,474 + 576 + 66,608

Total assets (0) 2,918,753 + 9,894 - 1,316

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

8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from Jan 2, 2013 Wednesday Wednesday
consolidation Dec 26, 2012 Jan 4, 2012

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,126,861 + 2,283 + 94,327
Reverse repurchase agreements (12) 103,271 + 3,418 + 15,160
Deposits (0) 1,622,799 + 5,542 - 104,185
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 1,508,672 - 24,015 - 72,877
U.S. Treasury, General Account 84,458 + 28,779 - 2,573
Foreign official 6,310 + 147 + 6,185
Other (0) 23,359 + 630 - 34,920
Deferred availability cash items (0) 1,193 + 364 - 1,218
Other liabilities and accrued dividends (13) 9,909 - 1,706 - 6,321

Total liabilities (0) 2,864,033 + 9,902 - 2,236

Capital accounts
Capital paid in 27,360 - 4 + 460
Surplus 27,360 - 4 + 460
Other capital accounts 0 0 0

Total capital 54,720 - 8 + 920

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

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

9. Statement of Condition of Each Federal Reserve Bank, January 2, 2013
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
City Francisco

Assets
Gold certificate account 11,037 408 3,824 437 515 890 1,337 839 313 192 315 725 1,242
Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574
Coin 2,103 39 89 141 145 372 208 311 35 51 165 196 353
Securities, repurchase agreements,
and loans 2,670,180 64,839 1,497,274 88,251 67,873 189,999 160,958 148,099 41,737 24,271 53,636 103,728 229,515
Securities held outright (1) 2,669,592 64,839 1,496,719 88,251 67,873 189,999 160,958 148,097 41,737 24,269 53,633 103,728 229,490
U.S. Treasury securities 1,666,118 40,467 934,117 55,078 42,360 118,580 100,455 92,429 26,048 15,147 33,473 64,737 143,227
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 1,666,118 40,467 934,117 55,078 42,360 118,580 100,455 92,429 26,048 15,147 33,473 64,737 143,227
Federal agency debt securities (2) 76,783 1,865 43,049 2,538 1,952 5,465 4,629 4,260 1,200 698 1,543 2,983 6,601
Mortgage-backed securities (4) 926,691 22,508 519,554 30,634 23,561 65,954 55,873 51,409 14,488 8,424 18,618 36,007 79,663
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 587 0 556 0 0 0 0 2 0 2 3 0 25
Net portfolio holdings of Maiden
Lane LLC (6) 1,413 0 1,413 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 187 1 0 0 1 0 183 0 1 1 0 0 0
Bank premises 2,331 119 448 70 115 229 215 202 131 103 252 239 209
Central bank liquidity swaps (10) 8,889 312 2,867 771 657 1,839 508 237 73 36 88 142 1,358
Other assets (11) 216,474 5,557 115,083 8,501 6,732 18,927 13,015 11,287 3,236 1,898 4,113 7,859 20,267
Interdistrict settlement account 0 + 14,351 - 69,776 - 14,705 - 1,829 - 32,039 + 32,342 - 11,156 + 1,345 + 2,858 - 3,939 + 4,608 + 77,941

Total assets 2,918,753 85,821 1,553,981 83,676 74,445 180,628 209,420 150,244 47,019 29,500 54,783 117,778 331,459

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

9. Statement of Condition of Each Federal Reserve Bank, January 2, 2013 (continued)
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
City Francisco

Liabilities
Federal Reserve notes outstanding 1,354,322 47,613 477,138 47,720 60,682 103,381 175,691 95,358 37,315 22,390 36,457 95,589 154,987
Less: Notes held by F.R. Banks 227,461 6,177 92,635 4,272 8,008 11,432 25,812 12,389 3,723 3,136 6,770 28,016 25,091
Federal Reserve notes, net 1,126,861 41,436 384,503 43,448 52,674 91,950 149,879 82,970 33,591 19,254 29,687 67,573 129,896
Reverse repurchase agreements (12) 103,271 2,508 57,899 3,414 2,626 7,350 6,227 5,729 1,615 939 2,075 4,013 8,878
Deposits 1,622,799 38,958 1,088,107 32,294 14,610 69,156 48,610 59,501 11,171 8,806 22,280 44,980 184,326
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 1,508,672 38,949 974,122 32,278 14,607 69,095 48,600 59,474 11,170 8,806 22,278 44,973 184,319
U.S. Treasury, General Account 84,458 0 84,458 0 0 0 0 0 0 0 0 0 0
Foreign official 6,310 1 6,283 3 3 8 2 1 0 0 0 1 6
Other 23,359 7 23,244 13 0 53 7 26 0 0 1 6 1
Deferred availability cash items 1,193 0 0 0 0 0 1,066 0 0 126 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (13) 461 12 273 14 9 21 30 27 8 5 7 19 35
Other liabilities and accrued
dividends (14) 9,448 218 5,708 273 258 659 491 455 178 140 179 325 563

Total liabilities 2,864,033 83,132 1,536,490 79,443 70,177 169,136 206,303 148,683 46,563 29,270 54,229 116,910 323,698

Capital
Capital paid in 27,360 1,345 8,745 2,116 2,134 5,746 1,559 781 228 115 277 434 3,880
Surplus 27,360 1,345 8,745 2,116 2,134 5,746 1,559 781 228 115 277 434 3,880
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 2,918,753 85,821 1,553,981 83,676 74,445 180,628 209,420 150,244 47,019 29,500 54,783 117,778 331,459

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

9. Statement of Condition of Each Federal Reserve Bank, January 2, 2013 (continued)

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

Note on consolidation:

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

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

10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Jan 2, 2013

Federal Reserve notes outstanding 1,354,322
Less: Notes held by F.R. Banks not subject to collateralization 227,461
Federal Reserve notes to be collateralized 1,126,861
Collateral held against Federal Reserve notes 1,126,861
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,110,624
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,669,592
Less: Face value of securities under reverse repurchase agreements 89,561
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,580,032

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