FRB: H.4.1 Release--Factors Affecting Reserve Balances--February 28, 2013

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks February 28, 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 Feb 27, 2013
Federal Reserve Banks Feb 27, 2013 Feb 20, 2013 Feb 29, 2012

Reserve Bank credit 3,077,604 + 14,207 + 169,503 3,072,378
Securities held outright (1) 2,844,305 + 14,833 + 241,663 2,839,047
U.S. Treasury securities 1,744,620 + 10,120 + 90,659 1,749,545
Bills (2) 0 0 - 18,423 0
Notes and bonds, nominal (2) 1,656,638 + 10,176 + 98,962 1,661,584
Notes and bonds, inflation-indexed (2) 77,499 0 + 8,720 77,499
Inflation compensation (3) 10,484 - 56 + 1,401 10,462
Federal agency debt securities (2) 74,036 - 577 - 26,781 73,588
Mortgage-backed securities (4) 1,025,649 + 5,290 + 177,784 1,015,914
Repurchase agreements (5) 0 0 0 0
Loans 400 - 48 - 7,188 399
Primary credit 3 - 5 - 16 10
Secondary credit 0 0 0 0
Seasonal credit 1 0 + 1 1
Term Asset-Backed Securities Loan Facility (6) 396 - 43 - 7,173 388
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (7) 1,400 - 1 - 5,095 1,399
Net portfolio holdings of Maiden Lane II LLC (8) 61 0 - 6,738 61
Net portfolio holdings of Maiden Lane III LLC (9) 22 0 - 17,582 22
Net portfolio holdings of TALF LLC (10) 507 0 - 318 507
Float -674 + 3 + 172 -893
Central bank liquidity swaps (11) 4,194 - 998 - 103,584 4,194
Other Federal Reserve assets (12) 227,390 + 418 + 68,173 227,642
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (13) 44,863 + 14 + 604 44,863

Total factors supplying reserve funds 3,138,708 + 14,221 + 170,106 3,133,482

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 Feb 27, 2013
Federal Reserve Banks Feb 27, 2013 Feb 20, 2013 Feb 29, 2012

Currency in circulation (13) 1,169,383 + 564 + 80,234 1,171,326
Reverse repurchase agreements (14) 94,978 - 1,944 + 5,174 100,612
Foreign official and international accounts 94,978 - 1,944 + 5,174 100,612
Others 0 0 0 0
Treasury cash holdings 208 + 10 + 48 218
Deposits with F.R. Banks, other than reserve balances 124,515 + 1,675 + 18,440 40,865
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 43,012 + 18,135 + 3,537 15,966
Foreign official 8,586 + 170 + 8,405 8,556
Service-related 0 0 - 1,955 0
Required clearing balances 0 0 - 1,955 0
Adjustments to compensate for float 0 0 0 0
Other 72,916 - 16,632 + 8,451 16,343
Other liabilities and capital (15) 66,092 - 2,232 - 9,402 66,100

Total factors, other than reserve balances,
absorbing reserve funds 1,455,176 - 1,928 + 94,493 1,379,121

Reserve balances with Federal Reserve Banks 1,683,532 + 16,149 + 75,613 1,754,362

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 Feb 27, 2013
Feb 27, 2013 Feb 20, 2013 Feb 29, 2012

Securities held in custody for foreign official and
international accounts 3,293,893 - 8,137 + 213,931 3,278,332
Marketable U.S. Treasury securities (1) 2,956,833 - 4,486 + 315,148 2,943,831
Federal agency debt and mortgage-backed securities (2) 299,399 - 3,768 - 101,029 296,795
Other securities (3) 37,660 + 117 - 190 37,706
Securities lent to dealers 20,650 + 2,665 + 2,177 19,887
Overnight facility (4) 20,650 + 2,665 + 2,177 19,887
U.S. Treasury securities 19,789 + 2,496 + 2,391 18,818
Federal agency debt securities 861 + 169 - 214 1,069

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, February 27, 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) 11 0 0 388 0 ... 399
U.S. Treasury securities (2)
Holdings 1 4 14 433,570 872,989 442,966 1,749,545
Weekly changes 0 0 0 + 17,326 - 7,088 + 2,851 + 13,089
Federal agency debt securities (3)
Holdings 0 1,535 20,642 47,020 2,044 2,347 73,588
Weekly changes - 1,025 0 0 0 0 0 - 1,025
Mortgage-backed securities (4)
Holdings 0 0 1 1 2,544 1,013,367 1,015,914
Weekly changes 0 0 - 1 0 - 54 - 16,743 - 16,798
Asset-backed securities held by
TALF LLC (5) 0 0 0 0 0 0 0
Repurchase agreements (6) 0 0 ... ... ... ... 0
Central bank liquidity swaps (7) 3,029 1,165 0 0 0 0 4,194

Reverse repurchase agreements (6) 100,612 0 ... ... ... ... 100,612
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
Feb 27, 2013

Mortgage-backed securities held outright (1) 1,015,914

Commitments to buy mortgage-backed securities (2) 106,573
Commitments to sell mortgage-backed securities (2) 0

Cash and cash equivalents (3) 109

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
Feb 27, 2013

Net portfolio holdings of Maiden Lane LLC (1) 1,399

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 December 31, 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
Feb 27, 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 December 31, 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
Feb 27, 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
Feb 27, 2013

Asset-backed securities holdings (1) 0
Other investments, net 507
Net portfolio holdings of TALF LLC 507

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) 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.
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 Feb 27, 2013 Wednesday Wednesday
consolidation Feb 20, 2013 Feb 29, 2012

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 2,186 - 20 - 197
Securities, repurchase agreements, and loans 2,839,446 - 4,783 + 228,654
Securities held outright (1) 2,839,047 - 4,734 + 235,834
U.S. Treasury securities 1,749,545 + 13,089 + 87,944
Bills (2) 0 0 - 18,423
Notes and bonds, nominal (2) 1,661,584 + 13,148 + 96,360
Notes and bonds, inflation-indexed (2) 77,499 0 + 8,611
Inflation compensation (3) 10,462 - 59 + 1,396
Federal agency debt securities (2) 73,588 - 1,025 - 27,229
Mortgage-backed securities (4) 1,015,914 - 16,798 + 175,119
Repurchase agreements (5) 0 0 0
Loans 399 - 49 - 7,181
Net portfolio holdings of Maiden Lane LLC (6) 1,399 - 1 - 5,040
Net portfolio holdings of Maiden Lane II LLC (7) 61 0 - 7,240
Net portfolio holdings of Maiden Lane III LLC (8) 22 0 - 17,589
Net portfolio holdings of TALF LLC (9) 507 0 - 318
Items in process of collection (0) 574 + 1 + 420
Bank premises 2,310 + 2 - 78
Central bank liquidity swaps (10) 4,194 - 998 - 103,569
Other assets (11) 225,332 + 1,264 + 69,186

Total assets (0) 3,092,268 - 4,534 + 164,226

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 Feb 27, 2013 Wednesday Wednesday
consolidation Feb 20, 2013 Feb 29, 2012

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,128,862 + 1,139 + 78,986
Reverse repurchase agreements (12) 100,612 + 7,491 + 13,059
Deposits (0) 1,795,227 - 12,885 + 80,748
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 1,754,362 + 85,979 + 147,255
U.S. Treasury, General Account 15,966 - 24,737 - 46,576
Foreign official 8,556 + 155 + 8,429
Other (0) 16,343 - 74,282 - 28,359
Deferred availability cash items (0) 1,466 - 174 + 402
Other liabilities and accrued dividends (13) 11,113 - 111 - 9,437

Total liabilities (0) 3,037,280 - 4,540 + 163,757

Capital accounts
Capital paid in 27,494 + 3 + 234
Surplus 27,494 + 3 + 234
Other capital accounts 0 0 0

Total capital 54,987 + 5 + 468

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, February 27, 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 2,186 44 102 141 157 388 207 321 35 53 168 203 366
Securities, repurchase agreements,
and loans 2,839,446 68,955 1,592,113 93,853 72,181 202,059 171,175 157,499 44,386 25,810 57,038 110,322 244,057
Securities held outright (1) 2,839,047 68,955 1,591,724 93,853 72,181 202,059 171,175 157,498 44,386 25,810 57,038 110,312 244,057
U.S. Treasury securities 1,749,545 42,493 980,890 57,836 44,481 124,518 105,485 97,057 27,352 15,905 35,149 67,979 150,399
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 1,749,545 42,493 980,890 57,836 44,481 124,518 105,485 97,057 27,352 15,905 35,149 67,979 150,399
Federal agency debt securities (2) 73,588 1,787 41,257 2,433 1,871 5,237 4,437 4,082 1,150 669 1,478 2,859 6,326
Mortgage-backed securities (4) 1,015,914 24,675 569,577 33,584 25,829 72,304 61,253 56,359 15,883 9,236 20,410 39,474 87,333
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 399 0 388 0 0 0 0 1 0 0 0 10 0
Net portfolio holdings of Maiden
Lane LLC (6) 1,399 0 1,399 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) 507 0 507 0 0 0 0 0 0 0 0 0 0
Items in process of collection 574 0 0 0 0 0 573 0 0 0 0 0 0
Bank premises 2,310 118 432 71 115 229 214 201 130 103 252 238 208
Central bank liquidity swaps (10) 4,194 206 1,341 324 327 881 239 120 35 18 42 67 595
Other assets (11) 225,332 6,106 119,938 8,659 7,014 19,593 13,526 11,826 3,375 1,978 4,297 8,310 20,710
Interdistrict settlement account 0 - 463 + 9,656 - 9,756 - 2,502 - 51,544 + 19,904 - 11,394 + 1,481 + 1,257 - 7,505 - 9,620 + 60,486

Total assets 3,092,268 75,570 1,731,213 93,939 78,045 172,907 207,828 159,834 49,906 29,500 54,761 110,526 328,238

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, February 27, 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 1,388,800 47,165 510,786 46,971 61,495 102,892 175,054 94,464 37,125 23,671 37,802 96,413 154,962
Less: Notes held by F.R. Banks 259,938 9,690 97,684 4,897 9,677 11,705 29,350 14,484 3,305 6,204 9,602 36,600 26,740
Federal Reserve notes, net 1,128,862 37,475 413,102 42,074 51,818 91,187 145,705 79,980 33,821 17,467 28,200 59,813 128,222
Reverse repurchase agreements (12) 100,612 2,444 56,409 3,326 2,558 7,161 6,066 5,582 1,573 915 2,021 3,909 8,649
Deposits 1,795,227 32,709 1,237,307 43,991 19,106 62,287 51,172 72,210 13,854 10,457 23,788 45,560 182,787
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 1,754,362 32,683 1,196,672 43,961 19,103 62,174 51,163 72,181 13,853 10,456 23,786 45,556 182,772
U.S. Treasury, General Account 15,966 0 15,966 0 0 0 0 0 0 0 0 0 0
Foreign official 8,556 2 8,529 3 3 8 2 1 0 0 0 1 6
Other 16,343 23 16,140 27 0 105 7 27 0 0 1 3 9
Deferred availability cash items 1,466 0 0 0 0 0 1,194 0 0 273 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (13) 1,064 21 636 31 20 60 65 57 22 9 20 40 83
Other liabilities and accrued
dividends (14) 10,049 227 6,256 285 265 722 492 437 177 146 176 323 543

Total liabilities 3,037,280 72,876 1,713,709 89,707 73,768 161,417 204,694 158,265 49,446 29,266 54,205 109,645 320,283

Capital
Capital paid in 27,494 1,347 8,752 2,116 2,138 5,745 1,567 785 230 117 278 441 3,977
Surplus 27,494 1,347 8,752 2,116 2,138 5,745 1,567 785 230 117 278 441 3,977
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 3,092,268 75,570 1,731,213 93,939 78,045 172,907 207,828 159,834 49,906 29,500 54,761 110,526 328,238

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, February 27, 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
Feb 27, 2013

Federal Reserve notes outstanding 1,388,800
Less: Notes held by F.R. Banks not subject to collateralization 259,938
Federal Reserve notes to be collateralized 1,128,862
Collateral held against Federal Reserve notes 1,128,862
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,112,625
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,839,047
Less: Face value of securities under reverse repurchase agreements 90,079
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,748,968

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