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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

December 6, 2012

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks

Averages of daily figures

Wednesday
Dec 5, 2012

Week ended
Dec 5, 2012

Change from week ended

Nov 28, 2012

Dec 7, 2011

Reserve Bank credit

2,843,450

+    2,305

+   45,583

2,841,986

Securities held outright1

2,618,799

+    1,211

+   14,190

2,616,521

U.S. Treasury securities

1,655,889

+   11,131

−   15,760

1,653,593

Bills2

         0

         0

−   18,423

         0

Notes and bonds, nominal2

1,571,673

+   11,077

−    3,324

1,569,379

Notes and bonds, inflation-indexed2

    73,344

         0

+    4,924

    73,344

Inflation compensation3

    10,872

+       54

+    1,063

    10,870

Federal agency debt securities2

    79,283

         0

−   26,626

    79,283

Mortgage-backed securities4

   883,627

−    9,920

+   56,575

   883,646

Repurchase agreements5

         0

         0

         0

         0

Loans

       968

−        7

−    8,732

       959

Primary credit

         9

−        2

−        4

         2

Secondary credit

         0

         0

         0

         0

Seasonal credit

        22

−        2

+        3

        20

Term Asset-Backed Securities Loan Facility6

       937

−        3

−    8,730

       937

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Maiden Lane LLC7

     1,432

−        5

−    9,196

     1,434

Net portfolio holdings of Maiden Lane II LLC8

        61

         0

−    9,195

        61

Net portfolio holdings of Maiden Lane III LLC9

        22

         0

−   17,835

        22

Net portfolio holdings of TALF LLC10

       856

         0

+       53

       856

Float

      -732

−        2

+      172

      -885

Central bank liquidity swaps11

    12,181

−       36

+    9,880

    12,181

Other Federal Reserve assets12

   209,863

+    1,144

+   66,246

   210,837

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding13

    44,761

+       14

+      580

    44,761

Total factors supplying reserve funds

2,904,452

+    2,319

+   46,163

2,902,989

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
reserve balances of depository institutions at
Federal Reserve Banks

Averages of daily figures

Wednesday
Dec 5, 2012

Week ended
Dec 5, 2012

Change from week ended

Nov 28, 2012

Dec 7, 2011

Currency in circulation13

1,151,803

−    1,430

+   90,551

1,154,829

Reverse repurchase agreements14

    95,125

−      586

+    8,291

    96,318

Foreign official and international accounts

    93,976

−    1,735

+    7,142

    94,068

Others

     1,149

+    1,149

+    1,149

     2,250

Treasury cash holdings

       147

+        6

+       39

       145

Deposits with F.R. Banks, other than reserve balances

    63,495

−   34,630

−   28,167

    59,893

Term deposits held by depository institutions

     3,043

         0

−    2,012

     3,043

U.S. Treasury, General Account

    33,997

+    6,093

+    5,715

    21,431

Foreign official

     6,791

+      271

+    6,666

     7,977

Service-related

         0

         0

−    2,497

         0

Required clearing balances

         0

         0

−    2,497

         0

Adjustments to compensate for float

         0

         0

         0

         0

Other

    19,663

−   40,995

−   36,039

    27,443

Other liabilities and capital15

    67,761

−    1,366

−    4,065

    67,868

Total factors, other than reserve balances,
absorbing reserve funds

1,378,330

−   38,008

+   66,649

1,379,053

Reserve balances with Federal Reserve Banks

1,526,122

+   40,327

−   20,486

1,523,936

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
Dec 5, 2012

Week ended
Dec 5, 2012

Change from week ended

Nov 28, 2012

Dec 7, 2011

Securities held in custody for foreign official and international accounts

3,202,721

+    4,668

+  110,073

3,204,142

Marketable U.S. Treasury securities1

2,849,229

+    5,179

+  187,101

2,850,334

Federal agency debt and mortgage-backed securities2

   317,410

−      550

−   79,453

   317,675

Other securities3

    36,081

+       38

+    2,424

    36,132

Securities lent to dealers

     5,843

−    1,470

−    8,323

     5,057

Overnight facility4

     5,843

−    1,470

−    8,323

     5,057

U.S. Treasury securities

     5,258

−    1,476

−    7,493

     4,490

Federal agency debt securities

       585

+        5

−      831

       567

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 5, 2012

Millions of dollars

Remaining Maturity

Within 15

16 days to

91 days to

Over 1 year

Over 5 years

Over 10

All

days

90 days

1 year

to 5 years

to 10 years

years

Loans1

         2

       265

        47

       645

         0

...

       959

U.S. Treasury securities2

Holdings

         0

       386

        41

   395,447

   846,751

   410,968

1,653,593

Weekly changes

−      100

+        1

−        1

−      804

+    2,294

+    5,558

+    6,948

Federal agency debt securities3

Holdings

         0

     5,695

    15,216

    53,981

     2,044

     2,347

    79,283

Weekly changes

         0

+      422

−      422

         0

         0

         0

         0

Mortgage-backed securities4

Holdings

         0

         0

         3

         1

     1,686

   881,955

   883,646

Weekly changes

         0

         0

         0

         0

+        8

+       98

+      107

Asset-backed securities held by
TALF LLC5

         0

         0

         0

         0

         0

         0

         0

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

     6,920

     5,262

         0

         0

         0

         0

    12,181

Reverse repurchase agreements6

    96,318

         0

...

...

...

...

    96,318

Term deposits

     3,043

         0

         0

...

...

...

     3,043

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 5, 2012

Mortgage-backed securities held outright1

   883,646

Commitments to buy mortgage-backed securities2

   129,657

Commitments to sell mortgage-backed securities2

     2,800

Cash and cash equivalents3

        36

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 5, 2012

Net portfolio holdings of Maiden Lane LLC1

     1,434

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         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 5, 2012

Net portfolio holdings of Maiden Lane II LLC1

        61

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         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 5, 2012

Net portfolio holdings of Maiden Lane III LLC1

        22

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         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 5, 2012

Asset-backed securities holdings1

         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 York2

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable3

       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 from consolidation

Wednesday
Dec 5, 2012

Change since

Wednesday

Wednesday

Nov 28, 2012

Dec 7, 2011

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

     5,200

         0

         0

Coin

     2,115

+       18

−      153

Securities, repurchase agreements, and loans

2,617,480

+    6,995

−      140

Securities held outright1

2,616,521

+    7,054

+    8,526

U.S. Treasury securities

1,653,593

+    6,948

−   21,441

Bills2

         0

         0

−   18,423

Notes and bonds, nominal2

1,569,379

+    6,927

−    9,016

Notes and bonds, inflation-indexed2

    73,344

         0

+    4,924

Inflation compensation3

    10,870

+       20

+    1,074

Federal agency debt securities2

    79,283

         0

−   26,626

Mortgage-backed securities4

   883,646

+      107

+   56,594

Repurchase agreements5

         0

         0

         0

Loans

       959

−       59

−    8,667

Net portfolio holdings of Maiden Lane LLC6

     1,434

         0

−    9,190

Net portfolio holdings of Maiden Lane II LLC7

        61

         0

−    9,175

Net portfolio holdings of Maiden Lane III LLC8

        22

         0

−   17,908

Net portfolio holdings of TALF LLC9

       856

         0

+       53

Items in process of collection

(0)

       117

−        8

−      211

Bank premises

     2,334

−       10

+      152

Central bank liquidity swaps10

    12,181

−       31

+    9,880

Other assets11

   208,503

+    1,479

+   64,825

Total assets

(0)

2,861,340

+    8,443

+   38,133

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 from consolidation

Wednesday
Dec 5, 2012

Change since

Wednesday

Wednesday

Nov 28, 2012

Dec 7, 2011

Liabilities

Federal Reserve notes, net of F.R. Bank holdings

1,112,322

+    1,868

+   90,231

Reverse repurchase agreements12

    96,318

+    3,088

+   11,120

Deposits

(0)

1,583,829

+    2,936

−   59,249

Term deposits held by depository institutions

     3,043

         0

−    2,012

Other deposits held by depository institutions

1,523,936

−   15,579

−   26,049

U.S. Treasury, General Account

    21,431

+    5,328

−      316

Foreign official

     7,977

+    1,495

+    7,851

Other

(0)

    27,443

+   11,693

−   38,722

Deferred availability cash items

(0)

     1,002

+      157

−      405

Other liabilities and accrued dividends13

    13,176

+      882

−    4,444

Total liabilities

(0)

2,806,647

+    8,930

+   37,253

Capital accounts

Capital paid in

    27,346

−      244

+      440

Surplus

    27,346

−      244

+      440

Other capital accounts

         0

         0

         0

Total capital

    54,693

−      487

+      880

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 5, 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

     2,115

        40

        92

       142

       144

       381

       205

       308

        37

        52

       163

       199

       354

Securities, repurchase agreements,
and loans

2,617,480

    63,550

1,467,901

    86,497

    66,523

   186,222

   157,758

   145,155

    40,908

    23,798

    52,573

   101,665

   224,929

Securities held outright1

2,616,521

    63,550

1,466,964

    86,497

    66,523

   186,222

   157,758

   145,153

    40,907

    23,787

    52,567

   101,665

   224,928

U.S. Treasury securities

1,653,593

    40,163

   927,094

    54,664

    42,042

   117,689

    99,700

    91,734

    25,852

    15,033

    33,221

    64,251

   142,150

Bills2

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Notes and bonds3

1,653,593

    40,163

   927,094

    54,664

    42,042

   117,689

    99,700

    91,734

    25,852

    15,033

    33,221

    64,251

   142,150

Federal agency debt securities2

    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 securities4

   883,646

    21,462

   495,420

    29,211

    22,466

    62,890

    53,278

    49,021

    13,815

     8,033

    17,753

    34,334

    75,962

Repurchase agreements5

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Loans

       959

         0

       937

         0

         0

         0

         0

         2

         2

        12

         6

         0

         1

Net portfolio holdings of Maiden

Lane LLC6

     1,434

         0

     1,434

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane II LLC7

        61

         0

        61

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane III LLC8

        22

         0

        22

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of TALF LLC9

       856

         0

       856

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Items in process of collection

       117

         1

         0

         0

        11

         0

       104

         0

         1

         0

         0

         0

         0

Bank premises

     2,334

       119

       451

        70

       115

       229

       214

       202

       130

       103

       253

       239

       209

Central bank liquidity swaps10

    12,181

       427

     3,929

     1,057

       901

     2,520

       697

       325

       100

        50

       121

       195

     1,861

Other assets11

   208,503

     5,366

   110,459

     8,290

     6,546

    18,426

    12,539

    10,835

     3,100

     1,822

     3,951

     7,556

    19,614

Interdistrict settlement account

         0

+    9,712

−  110,841

−   12,526

+      308

−   19,252

+   42,270

−    2,788

+    2,554

+    3,829

−    3,015

+    5,052

+   84,696

Total assets

2,861,340

    79,819

1,480,006

    84,176

    75,299

   189,827

   215,778

   155,301

    47,293

    29,937

    54,513

   115,913

   333,479

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 5, 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

1,337,267

    47,338

   465,656

    47,735

    60,700

   103,901

   176,702

    95,857

    37,440

    22,426

    36,203

    92,247

   151,061

Less: Notes held by F.R. Banks

   224,945

     5,882

    89,941

     4,825

     8,503

    11,386

    25,808

    12,992

     4,144

     3,188

     5,508

    26,975

    25,793

Federal Reserve notes, net

1,112,322

    41,456

   375,716

    42,910

    52,197

    92,516

   150,894

    82,866

    33,296

    19,238

    30,696

    65,272

   125,268

Reverse repurchase agreements12

    96,318

     2,339

    54,001

     3,184

     2,449

     6,855

     5,807

     5,343

     1,506

       876

     1,935

     3,742

     8,280

Deposits

1,583,829

    33,034

1,025,073

    33,467

    16,003

    77,984

    54,434

    64,945

    11,814

     9,304

    21,095

    45,605

   191,073

Term deposits held by depository institutions

     3,043

         5

     1,564

       700

         0

        40

       161

        57

         0

        80

       101

         5

       330

Other deposits held by depository institutions

1,523,936

    33,026

   966,829

    32,755

    16,000

    77,834

    54,263

    64,866

    11,814

     9,224

    20,992

    45,597

   190,736

U.S. Treasury, General Account

    21,431

         0

    21,431

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     7,977

         1

     7,949

         3

         3

         8

         2

         1

         0

         0

         0

         1

         6

Other

    27,443

         1

    27,299

         8

         0

       102

         7

        20

         1

         0

         1

         2

         1

Deferred availability cash items

     1,002

         0

         0

         0

        20

         0

       859

         0

         0

       123

         0

         0

         0

Interest on Federal Reserve notes due
to U.S. Treasury13

     2,225

        40

     1,127

        66

        46

       147

       126

       108

        28

        16

        37

        72

       414

Other liabilities and accrued
dividends14

    10,950

       261

     6,605

       341

       316

       831

       540

       481

       195

       151

       196

       345

       687

Total liabilities

2,806,647

    77,129

1,462,522

    79,968

    71,030

   178,333

   212,660

   153,742

    46,839

    29,708

    53,959

   115,036

   325,722

Capital

Capital paid in

    27,346

     1,345

     8,742

     2,104

     2,134

     5,747

     1,559

       779

       227

       115

       277

       438

     3,879

Surplus

    27,346

     1,345

     8,742

     2,104

     2,134

     5,747

     1,559

       779

       227

       115

       277

       438

     3,879

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

2,861,340

    79,819

1,480,006

    84,176

    75,299

   189,827

   215,778

   155,301

    47,293

    29,937

    54,513

   115,913

   333,479

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 5, 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 5, 2012

Federal Reserve notes outstanding

1,337,267

Less: Notes held by F.R. Banks not subject to collateralization

   224,945

Federal Reserve notes to be collateralized

1,112,322

Collateral held against Federal Reserve notes

1,112,322

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2

1,096,086

Other assets pledged

         0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2

2,616,521

Less: Face value of securities under reverse repurchase agreements

    79,437

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged

2,537,084

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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