FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks December 20, 2012 1. Factors Affecting Reserve Balances of Depository Institutions Millions of dollars Reserve Bank credit, related items, and Averages of daily figures Wednesday reserve balances of depository institutions at Week ended Change from week ended Dec 19, 2012 Federal Reserve Banks Dec 19, 2012 Dec 12, 2012 Dec 21, 2011 Reserve Bank credit 2,899,710 + 41,260 + 14,772 2,902,423 Securities held outright (1) 2,668,946 + 38,039 + 40,286 2,671,525 U.S. Treasury securities 1,659,699 - 1,821 - 14,138 1,658,851 Bills (2) 0 0 - 18,423 0 Notes and bonds, nominal (2) 1,574,011 - 3,088 - 3,269 1,573,166 Notes and bonds, inflation-indexed (2) 74,740 + 1,197 + 6,272 74,740 Inflation compensation (3) 10,948 + 70 + 1,281 10,945 Federal agency debt securities (2) 79,283 0 - 25,413 79,283 Mortgage-backed securities (4) 929,964 + 39,860 + 79,837 933,391 Repurchase agreements (5) 0 0 0 0 Loans 839 - 86 - 8,709 864 Primary credit 12 + 7 - 1 34 Secondary credit 0 0 0 0 Seasonal credit 23 + 2 - 3 26 Term Asset-Backed Securities Loan Facility (6) 803 - 96 - 8,706 803 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 1,433 - 1 - 5,781 1,431 Net portfolio holdings of Maiden Lane II LLC (8) 61 0 - 9,178 61 Net portfolio holdings of Maiden Lane III LLC (9) 22 0 - 17,699 22 Net portfolio holdings of TALF LLC (10) 856 0 + 52 856 Float -764 + 14 + 105 -857 Central bank liquidity swaps (11) 11,549 - 819 - 51,050 11,549 Other Federal Reserve assets (12) 216,768 + 4,113 + 66,747 216,973 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (13) 44,789 + 14 + 600 44,789 Total factors supplying reserve funds 2,960,740 + 41,273 + 15,372 2,963,454 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 1. Factors Affecting Reserve Balances of Depository Institutions (continued) Millions of dollars Reserve Bank credit, related items, and Averages of daily figures Wednesday reserve balances of depository institutions at Week ended Change from week ended Dec 19, 2012 Federal Reserve Banks Dec 19, 2012 Dec 12, 2012 Dec 21, 2011 Currency in circulation (13) 1,156,752 + 1,973 + 90,303 1,159,983 Reverse repurchase agreements (14) 104,182 + 5,896 + 16,955 100,964 Foreign official and international accounts 104,182 + 6,218 + 16,955 100,964 Others 0 - 321 0 0 Treasury cash holdings 144 0 + 28 148 Deposits with F.R. Banks, other than reserve balances 113,901 + 37,730 - 95,212 151,988 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 54,986 + 16,006 - 57,418 75,017 Foreign official 6,007 + 52 + 5,817 6,000 Service-related 0 0 - 2,489 0 Required clearing balances 0 0 - 2,489 0 Adjustments to compensate for float 0 0 0 0 Other 52,908 + 21,672 - 41,122 70,971 Other liabilities and capital (15) 68,542 - 1,328 - 3,960 67,673 Total factors, other than reserve balances, absorbing reserve funds 1,443,521 + 44,271 + 8,114 1,480,756 Reserve balances with Federal Reserve Banks 1,517,220 - 2,997 + 7,259 1,482,698 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements. 6. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 7. Refer to table 4 and the note on consolidation accompanying table 9. 8. Refer to table 5 and the note on consolidation accompanying table 9. 9. Refer to table 6 and the note on consolidation accompanying table 9. 10. Refer to table 7 and the note on consolidation accompanying table 9. 11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 13. Estimated. 14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 15. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Refer to table 8 and table 9. Sources: Federal Reserve Banks and the U.S. Department of the Treasury. 1A. Memorandum Items Millions of dollars Memorandum item Averages of daily figures Wednesday Week ended Change from week ended Dec 19, 2012 Dec 19, 2012 Dec 12, 2012 Dec 21, 2011 Securities held in custody for foreign official and international accounts 3,230,279 + 15,358 + 155,211 3,233,938 Marketable U.S. Treasury securities (1) 2,878,361 + 17,113 + 241,429 2,882,762 Federal agency debt and mortgage-backed securities (2) 316,009 - 1,935 - 87,379 315,201 Other securities (3) 35,909 + 180 + 1,161 35,975 Securities lent to dealers 5,881 - 26 - 8,920 6,949 Overnight facility (4) 5,881 - 26 - 8,920 6,949 U.S. Treasury securities 5,108 - 96 - 8,550 6,319 Federal agency debt securities 773 + 71 - 370 630 Note: Components may not sum to totals because of rounding. 1. Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS. Does not include securities pledged as collateral to foreign official and international account holders against reverse repurchase agreements with the Federal Reserve presented in tables 1, 8, and 9. 2. Face value of federal agency securities and current face value of mortgage-backed securities, which is the remaining principal balance of the underlying mortgages. 3. Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed securities, and commercial paper at face value. 4. Face value. Fully collateralized by U.S. Treasury securities. 2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, December 19, 2012 Millions of dollars Remaining Maturity Within 15 16 days to 91 days to Over 1 year Over 5 year Over 10 All days 90 days 1 year to 5 years to 10 years years Loans (1) 61 291 0 512 0 ... 864 U.S. Treasury securities (2) Holdings 382 4 16 372,692 866,018 419,739 1,658,851 Weekly changes + 382 - 382 + 1 - 15,187 + 9,561 + 3,670 - 1,956 Federal agency debt securities (3) Holdings 2,500 3,951 15,611 52,830 2,044 2,347 79,283 Weekly changes 0 + 756 - 756 0 0 0 0 Mortgage-backed securities (4) Holdings 0 0 3 1 2,280 931,107 933,391 Weekly changes 0 0 0 0 + 593 + 3,997 + 4,590 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) 4,402 7,147 0 0 0 0 11,549 Reverse repurchase agreements (6) 100,964 0 ... ... ... ... 100,964 Term deposits 0 0 0 ... ... ... 0 Note: Components may not sum to totals because of rounding. ...Not applicable. 1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation under generally accepted accounting principles. 2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the original face value of such securities. 3. Face value. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets. 6. Cash value of agreements. 7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 3. Supplemental Information on Mortgage-Backed Securities Millions of dollars Account name Wednesday Dec 19, 2012 Mortgage-backed securities held outright (1) 933,391 Commitments to buy mortgage-backed securities (2) 106,260 Commitments to sell mortgage-backed securities (2) 0 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 Dec 19, 2012 Net portfolio holdings of Maiden Lane LLC (1) 1,431 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0 Accrued interest payable to the Federal Reserve Bank of New York (2) 0 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 0 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of September 30, 2012. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9. Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY. 5. Information on Principal Accounts of Maiden Lane II LLC Millions of dollars Account name Wednesday Dec 19, 2012 Net portfolio holdings of Maiden Lane II LLC (1) 61 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0 Accrued interest payable to the Federal Reserve Bank of New York (2) 0 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 0 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of September 30, 2012. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9. 3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9. Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries. 6. Information on Principal Accounts of Maiden Lane III LLC Millions of dollars Account name Wednesday Dec 19, 2012 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 Dec 19, 2012 Asset-backed securities holdings (1) 0 Other investments, net 856 Net portfolio holdings of TALF LLC 856 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0 Accrued interest payable to the Federal Reserve Bank of New York (2) 0 Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3) 113 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9. Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF) under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New York (FRBNY) extends loans with a term of up to five years to holders of eligible asset-backed securities. The TALF is intended to assist financial markets in accommodating the credit needs of consumers and businesses by facilitating the issuance of asset-backed securities collateralized by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The loans are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial risk of a decline in the value of the security. TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF LLC, by the interest received on investments of TALF LLC, by up to $1.4 billion in subordinated debt funding provided by the U.S. Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S. Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the U.S. Treasury. 8. Consolidated Statement of Condition of All Federal Reserve Banks Millions of dollars Assets, liabilities, and capital Eliminations Wednesday Change since from Dec 19, 2012 Wednesday Wednesday consolidation Dec 12, 2012 Dec 21, 2011 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 2,126 0 - 171 Securities, repurchase agreements, and loans 2,672,389 + 2,671 + 22,204 Securities held outright (1) 2,671,525 + 2,634 + 30,854 U.S. Treasury securities 1,658,851 - 1,956 - 25,398 Bills (2) 0 0 - 18,423 Notes and bonds, nominal (2) 1,573,166 - 1,948 - 14,539 Notes and bonds, inflation-indexed (2) 74,740 0 + 6,272 Inflation compensation (3) 10,945 - 8 + 1,292 Federal agency debt securities (2) 79,283 0 - 25,413 Mortgage-backed securities (4) 933,391 + 4,590 + 81,665 Repurchase agreements (5) 0 0 0 Loans 864 + 37 - 8,650 Net portfolio holdings of Maiden Lane LLC (6) 1,431 - 3 - 5,804 Net portfolio holdings of Maiden Lane II LLC (7) 61 0 - 9,182 Net portfolio holdings of Maiden Lane III LLC (8) 22 0 - 17,711 Net portfolio holdings of TALF LLC (9) 856 0 + 45 Items in process of collection (0) 133 + 22 - 58 Bank premises 2,337 + 2 + 150 Central bank liquidity swaps (10) 11,549 - 819 - 51,050 Other assets (11) 214,636 + 1,117 + 64,849 Total assets (0) 2,921,776 + 2,988 + 3,270 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 8. Consolidated Statement of Condition of All Federal Reserve Banks (continued) Millions of dollars Assets, liabilities, and capital Eliminations Wednesday Change since from Dec 19, 2012 Wednesday Wednesday consolidation Dec 12, 2012 Dec 21, 2011 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,117,463 + 3,936 + 88,947 Reverse repurchase agreements (12) 100,964 - 1,480 + 10,894 Deposits (0) 1,634,685 + 9,486 - 91,908 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 1,482,698 - 65,531 - 23,861 U.S. Treasury, General Account 75,017 + 43,618 - 31,575 Foreign official 6,000 + 159 + 5,574 Other (0) 70,971 + 31,241 - 42,045 Deferred availability cash items (0) 990 - 180 - 262 Other liabilities and accrued dividends (13) 12,945 - 8,777 - 5,246 Total liabilities (0) 2,867,048 + 2,986 + 2,425 Capital accounts Capital paid in 27,364 + 1 + 423 Surplus 27,364 + 1 + 423 Other capital accounts 0 0 0 Total capital 54,728 + 2 + 845 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 6. Refer to table 4 and the note on consolidation accompanying table 9. 7. Refer to table 5 and the note on consolidation accompanying table 9. 8. Refer to table 6 and the note on consolidation accompanying table 9. 9. Refer to table 7 and the note on consolidation accompanying table 9. 10. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 11. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 13. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. 9. Statement of Condition of Each Federal Reserve Bank, December 19, 2012 Millions of dollars Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San City Francisco Assets Gold certificate account 11,037 408 3,824 437 515 890 1,337 839 313 192 315 725 1,242 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574 Coin 2,126 39 93 141 145 380 208 313 34 52 165 200 356 Securities, repurchase agreements, and loans 2,672,389 64,888 1,498,607 88,315 67,922 190,136 161,081 148,211 41,768 24,305 53,682 103,803 229,671 Securities held outright (1) 2,671,525 64,886 1,497,802 88,315 67,922 190,136 161,075 148,205 41,767 24,287 53,672 103,803 229,656 U.S. Treasury securities 1,658,851 40,290 930,042 54,838 42,175 118,063 100,017 92,026 25,935 15,080 33,327 64,455 142,602 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 1,658,851 40,290 930,042 54,838 42,175 118,063 100,017 92,026 25,935 15,080 33,327 64,455 142,602 Federal agency debt securities (2) 79,283 1,926 44,450 2,621 2,016 5,643 4,780 4,398 1,240 721 1,593 3,081 6,816 Mortgage-backed securities (4) 933,391 22,670 523,310 30,856 23,731 66,431 56,277 51,781 14,593 8,485 18,752 36,267 80,238 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 864 1 805 0 0 0 6 7 2 18 10 0 15 Net portfolio holdings of Maiden Lane LLC (6) 1,431 0 1,431 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 133 0 0 0 14 0 117 0 1 0 0 0 0 Bank premises 2,337 119 450 70 115 230 215 203 130 103 253 239 209 Central bank liquidity swaps (10) 11,549 405 3,726 1,002 854 2,389 660 308 94 47 115 185 1,764 Other assets (11) 214,636 5,515 113,851 8,491 6,701 18,856 12,892 11,169 3,197 1,877 4,071 7,880 20,134 Interdistrict settlement account 0 + 17,220 - 70,478 - 14,218 - 1,633 - 36,136 + 36,217 - 4,780 + 848 + 3,242 - 6,799 + 3,153 + 73,365 Total assets 2,921,776 88,789 1,554,261 84,448 74,870 177,157 213,381 156,686 46,536 29,909 51,956 116,467 327,315 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 9. Statement of Condition of Each Federal Reserve Bank, December 19, 2012 (continued) Millions of dollars Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San City Francisco Liabilities Federal Reserve notes outstanding 1,353,762 47,673 477,557 47,734 60,658 103,395 175,999 95,467 37,345 22,411 36,467 94,887 154,167 Less: Notes held by F.R. Banks 236,299 6,662 93,684 4,947 8,963 12,426 26,310 13,418 4,149 3,351 6,906 28,743 26,741 Federal Reserve notes, net 1,117,463 41,012 383,873 42,788 51,695 90,969 149,690 82,050 33,196 19,060 29,562 66,144 127,426 Reverse repurchase agreements (12) 100,964 2,452 56,606 3,338 2,567 7,186 6,087 5,601 1,578 918 2,028 3,923 8,679 Deposits 1,634,685 42,311 1,089,053 33,640 15,910 66,426 52,999 66,831 11,068 9,327 19,565 45,063 182,492 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 1,482,698 42,298 937,342 33,630 15,907 66,243 52,990 66,810 11,068 9,327 19,563 45,035 182,485 U.S. Treasury, General Account 75,017 0 75,017 0 0 0 0 0 0 0 0 0 0 Foreign official 6,000 1 5,973 3 3 8 2 1 0 0 0 1 6 Other 70,971 12 70,721 7 0 175 7 19 0 0 1 27 1 Deferred availability cash items 990 0 1 0 32 0 763 0 0 195 0 0 0 Interest on Federal Reserve notes due to U.S. Treasury (13) 2,061 40 1,172 70 51 154 122 108 29 17 36 78 183 Other liabilities and accrued dividends (14) 10,883 285 6,067 379 347 929 603 536 208 163 210 382 774 Total liabilities 2,867,048 86,100 1,536,771 80,215 70,602 165,663 210,265 155,126 46,079 29,680 51,402 115,590 319,554 Capital Capital paid in 27,364 1,345 8,745 2,116 2,134 5,747 1,558 780 228 115 277 439 3,881 Surplus 27,364 1,345 8,745 2,116 2,134 5,747 1,558 780 228 115 277 439 3,881 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 2,921,776 88,789 1,554,261 84,448 74,870 177,157 213,381 156,686 46,536 29,909 51,956 116,467 327,315 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 9. Statement of Condition of Each Federal Reserve Bank, December 19, 2012 (continued) 1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. 2. Face value of the securities. 3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 6. Refer to table 4 and the note on consolidation below. 7. Refer to table 5 and the note on consolidation below. 8. Refer to table 6 and the note on consolidation below. 9. Refer to table 7 and the note on consolidation below. 10. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 11. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 13. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount necessary to equate surplus with capital paid-in. 14. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below. Note on consolidation: The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility. The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 8). 10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts Millions of dollars Federal Reserve notes and collateral Wednesday Dec 19, 2012 Federal Reserve notes outstanding 1,353,762 Less: Notes held by F.R. Banks not subject to collateralization 236,299 Federal Reserve notes to be collateralized 1,117,463 Collateral held against Federal Reserve notes 1,117,463 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,101,226 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,671,525 Less: Face value of securities under reverse repurchase agreements 86,902 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,584,623 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.