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Release Date: January 24, 2013
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FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks January 24, 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 23, 2013
Federal Reserve Banks Jan 23, 2013 Jan 16, 2013 Jan 25, 2012
Reserve Bank credit 2,975,640 + 45,964 + 70,466 2,993,726
Securities held outright (1) 2,738,078 + 41,496 + 136,287 2,754,976
U.S. Treasury securities 1,693,835 + 10,393 + 39,920 1,696,691
Bills (2) 0 0 - 18,423 0
Notes and bonds, nominal (2) 1,608,222 + 10,276 + 50,604 1,609,819
Notes and bonds, inflation-indexed (2) 74,938 + 198 + 6,520 76,130
Inflation compensation (3) 10,675 - 82 + 1,219 10,742
Federal agency debt securities (2) 75,111 - 908 - 26,387 75,111
Mortgage-backed securities (4) 969,132 + 32,011 + 122,755 983,174
Repurchase agreements (5) 466 + 466 + 466 0
Loans 562 - 5 - 7,873 567
Primary credit 5 - 4 0 13
Secondary credit 0 0 0 0
Seasonal credit 3 0 - 3 3
Term Asset-Backed Securities Loan Facility (6) 554 - 2 - 7,869 550
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (7) 1,417 + 3 - 5,584 1,417
Net portfolio holdings of Maiden Lane II LLC (8) 61 0 - 9,140 61
Net portfolio holdings of Maiden Lane III LLC (9) 22 0 - 17,623 22
Net portfolio holdings of TALF LLC (10) 856 0 + 42 857
Float -609 + 66 + 197 -921
Central bank liquidity swaps (11) 8,071 + 1 - 95,138 8,071
Other Federal Reserve assets (12) 226,715 + 3,937 + 68,830 228,676
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (13) 44,859 + 14 + 634 44,859
Total factors supplying reserve funds 3,036,740 + 45,978 + 71,100 3,054,826
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 23, 2013
Federal Reserve Banks Jan 23, 2013 Jan 16, 2013 Jan 25, 2012
Currency in circulation (13) 1,156,085 - 241 + 90,595 1,156,390
Reverse repurchase agreements (14) 92,406 - 623 + 906 89,893
Foreign official and international accounts 92,406 - 623 + 906 89,893
Others 0 0 0 0
Treasury cash holdings 176 + 8 + 31 183
Deposits with F.R. Banks, other than reserve balances 133,853 + 45,584 - 72,692 145,553
Term deposits held by depository institutions 3,036 + 3,036 - 43 3,036
U.S. Treasury, General Account 72,207 + 18,187 - 39,029 81,243
Foreign official 7,277 + 507 + 7,130 7,281
Service-related 0 0 - 1,979 0
Required clearing balances 0 0 - 1,979 0
Adjustments to compensate for float 0 0 0 0
Other 51,333 + 23,854 - 38,771 53,993
Other liabilities and capital (15) 67,884 - 138 - 4,430 66,484
Total factors, other than reserve balances,
absorbing reserve funds 1,450,403 + 44,589 + 14,409 1,458,502
Reserve balances with Federal Reserve Banks 1,586,337 + 1,389 + 56,691 1,596,323
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 23, 2013
Jan 23, 2013 Jan 16, 2013 Jan 25, 2012
Securities held in custody for foreign official and
international accounts 3,255,167 - 3,429 + 224,910 3,252,376
Marketable U.S. Treasury securities (1) 2,912,012 - 2,282 + 312,890 2,908,197
Federal agency debt and mortgage-backed securities (2) 307,251 - 1,255 - 88,314 308,105
Other securities (3) 35,905 + 109 + 336 36,074
Securities lent to dealers 6,618 - 995 - 6,167 10,312
Overnight facility (4) 6,618 - 995 - 6,167 10,312
U.S. Treasury securities 6,049 - 967 - 5,781 9,650
Federal agency debt securities 569 - 28 - 386 662
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 23, 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) 19 47 0 501 0 ... 567
U.S. Treasury securities (2)
Holdings 1 4 15 386,809 874,860 435,001 1,696,691
Weekly changes 0 0 0 - 12 + 3,338 + 4,480 + 7,805
Federal agency debt securities (3)
Holdings 0 3,058 17,142 50,520 2,044 2,347 75,111
Weekly changes 0 0 0 0 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 2 1 2,546 980,625 983,174
Weekly changes 0 0 0 0 + 170 + 35,396 + 35,566
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) 4,181 3,890 0 0 0 0 8,071
Reverse repurchase agreements (6) 89,893 0 ... ... ... ... 89,893
Term deposits 0 3,036 0 ... ... ... 3,036
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 23, 2013
Mortgage-backed securities held outright (1) 983,174
Commitments to buy mortgage-backed securities (2) 100,741
Commitments to sell mortgage-backed securities (2) 1,600
Cash and cash equivalents (3) 0
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 23, 2013
Net portfolio holdings of Maiden Lane LLC (1) 1,417
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 23, 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 23, 2013
Net portfolio holdings of Maiden Lane III LLC (1) 22
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 American International Group, Inc. (3) 0
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an
asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
quarterly. This table reflects valuations as of September 30, 2012. Any assets purchased after this
valuation date are initially recorded at cost until their estimated fair value as of the purchase date
becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's
statement of condition consistent with consolidation under generally accepted accounting principles. Refer
to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in
table 1 and in other liabilities and accrued dividends in table 8 and table 9.
Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden
Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was
formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group
of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection
with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments
by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order:
operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due
to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.
7. Information on Principal Accounts of TALF LLC
Millions of dollars
Account name Wednesday
Jan 23, 2013
Asset-backed securities holdings (1) 0
Other investments, net 857
Net portfolio holdings of TALF LLC 857
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 then by the interest
received on investments of TALF LLC. 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 23, 2013 Wednesday Wednesday
consolidation Jan 16, 2013 Jan 25, 2012
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 2,170 + 18 - 243
Securities, repurchase agreements, and loans 2,755,543 + 43,365 + 148,713
Securities held outright (1) 2,754,976 + 43,371 + 156,326
U.S. Treasury securities 1,696,691 + 7,805 + 35,162
Bills (2) 0 0 - 18,423
Notes and bonds, nominal (2) 1,609,819 + 6,396 + 44,582
Notes and bonds, inflation-indexed (2) 76,130 + 1,390 + 7,712
Inflation compensation (3) 10,742 + 19 + 1,291
Federal agency debt securities (2) 75,111 0 - 26,387
Mortgage-backed securities (4) 983,174 + 35,566 + 147,550
Repurchase agreements (5) 0 0 0
Loans 567 - 6 - 7,613
Net portfolio holdings of Maiden Lane LLC (6) 1,417 + 1 - 5,531
Net portfolio holdings of Maiden Lane II LLC (7) 61 0 - 9,447
Net portfolio holdings of Maiden Lane III LLC (8) 22 0 - 17,696
Net portfolio holdings of TALF LLC (9) 857 + 1 + 38
Items in process of collection (0) 280 + 107 + 78
Bank premises 2,333 + 1 + 150
Central bank liquidity swaps (10) 8,071 + 1 - 95,100
Other assets (11) 226,343 + 4,428 + 70,502
Total assets (0) 3,013,333 + 47,921 + 91,464
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 23, 2013 Wednesday Wednesday
consolidation Jan 16, 2013 Jan 25, 2012
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,113,879 + 1,061 + 89,203
Reverse repurchase agreements (12) 89,893 - 751 + 1,178
Deposits (0) 1,741,877 + 47,970 + 5,817
Term deposits held by depository institutions 3,036 + 3,036 - 43
Other deposits held by depository institutions 1,596,324 - 7,962 + 17,081
U.S. Treasury, General Account 81,243 + 4,066 - 30,695
Foreign official 7,281 + 132 + 7,156
Other (0) 53,993 + 48,698 + 12,318
Deferred availability cash items (0) 1,201 + 393 + 185
Other liabilities and accrued dividends (13) 11,754 - 755 - 5,846
Total liabilities (0) 2,958,603 + 47,916 + 90,535
Capital accounts
Capital paid in 27,365 + 2 + 464
Surplus 27,365 + 2 + 464
Other capital accounts 0 0 0
Total capital 54,730 + 5 + 929
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 23, 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 2,170 40 96 143 151 383 215 321 39 54 167 205 356
Securities, repurchase agreements,
and loans 2,755,543 66,913 1,545,140 91,075 70,043 196,088 166,106 152,835 43,071 25,045 55,352 107,045 236,830
Securities held outright (1) 2,754,976 66,913 1,544,590 91,074 70,043 196,076 166,106 152,834 43,071 25,045 55,349 107,045 236,830
U.S. Treasury securities 1,696,691 41,209 951,257 56,089 43,137 120,756 102,299 94,125 26,526 15,424 34,087 65,925 145,855
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 1,696,691 41,209 951,257 56,089 43,137 120,756 102,299 94,125 26,526 15,424 34,087 65,925 145,855
Federal agency debt securities (2) 75,111 1,824 42,111 2,483 1,910 5,346 4,529 4,167 1,174 683 1,509 2,918 6,457
Mortgage-backed securities (4) 983,174 23,879 551,221 32,502 24,997 69,974 59,279 54,542 15,371 8,938 19,752 38,201 84,518
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 567 0 550 1 0 12 0 1 0 0 3 0 0
Net portfolio holdings of Maiden
Lane LLC (6) 1,417 0 1,417 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) 857 0 857 0 0 0 0 0 0 0 0 0 0
Items in process of collection 280 0 0 0 0 0 279 0 0 1 0 0 0
Bank premises 2,333 119 448 70 115 230 215 202 131 103 252 239 209
Central bank liquidity swaps (10) 8,071 283 2,604 700 597 1,670 461 215 66 33 80 129 1,233
Other assets (11) 226,343 5,800 120,531 8,829 6,979 19,650 13,598 11,826 3,390 1,983 4,308 8,340 21,108
Interdistrict settlement account 0 + 2,179 + 52,096 - 16,971 - 7,587 - 61,557 + 18,403 - 19,898 - 1,315 + 1,603 - 8,286 - 4,604 + 45,937
Total assets 3,013,333 75,938 1,728,913 84,493 71,050 157,764 201,268 146,764 45,847 29,104 52,341 112,362 307,489
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 23, 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 1,365,442 47,490 486,902 47,463 61,265 103,399 175,149 95,080 37,356 22,733 37,641 95,957 155,005
Less: Notes held by F.R. Banks 251,564 7,984 95,352 5,105 9,966 12,683 30,531 14,243 4,333 3,806 8,379 31,111 28,072
Federal Reserve notes, net 1,113,879 39,506 391,550 42,359 51,299 90,716 144,619 80,837 33,023 18,927 29,262 64,846 126,933
Reverse repurchase agreements (12) 89,893 2,183 50,399 2,972 2,285 6,398 5,420 4,987 1,405 817 1,806 3,493 7,728
Deposits 1,741,877 31,272 1,262,610 34,570 12,877 48,292 46,371 58,782 10,741 8,854 20,490 42,729 164,288
Term deposits held by depository
institutions 3,036 5 1,542 637 0 40 500 5 0 105 1 5 196
Other deposits held by depository
institutions 1,596,324 31,265 1,118,798 33,922 12,874 48,072 45,861 58,749 10,740 8,749 20,487 42,721 164,085
U.S. Treasury, General Account 81,243 0 81,243 0 0 0 0 0 0 0 0 0 0
Foreign official 7,281 1 7,254 3 3 8 2 1 0 0 0 1 6
Other 53,993 0 53,773 8 0 171 7 27 0 0 1 3 1
Deferred availability cash items 1,201 0 0 0 0 0 1,093 0 0 108 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (13) 1,051 15 692 21 16 38 50 58 11 4 21 40 84
Other liabilities and accrued
dividends (14) 10,703 271 6,171 338 303 828 599 538 207 160 208 384 696
Total liabilities 2,958,603 73,248 1,711,422 80,260 66,782 146,272 198,151 145,202 45,387 28,872 51,787 111,492 299,729
Capital
Capital paid in 27,365 1,345 8,745 2,116 2,134 5,746 1,559 781 230 116 277 435 3,880
Surplus 27,365 1,345 8,745 2,116 2,134 5,746 1,559 781 230 116 277 435 3,880
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 3,013,333 75,938 1,728,913 84,493 71,050 157,764 201,268 146,764 45,847 29,104 52,341 112,362 307,489
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 23, 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 23, 2013
Federal Reserve notes outstanding 1,365,442
Less: Notes held by F.R. Banks not subject to collateralization 251,564
Federal Reserve notes to be collateralized 1,113,879
Collateral held against Federal Reserve notes 1,113,879
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,097,642
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,754,976
Less: Face value of securities under reverse repurchase agreements 77,239
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,677,737
Note: Components may not sum to totals because of rounding.
1. Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright,
compensation to adjust for the effect of inflation on the original face value of inflation-indexed
securities, and cash value of repurchase agreements.
2. Includes securities lent to dealers under the overnight securities lending facility; refer to table
1A.
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