FRB: H.4.1 Release--Factors Affecting Reserve Balances--December 27, 2012

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks December 27, 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 26, 2012
Federal Reserve Banks Dec 26, 2012 Dec 19, 2012 Dec 28, 2011

Reserve Bank credit 2,905,205 + 5,495 - 14,840 2,889,644
Securities held outright (1) 2,674,860 + 5,914 + 51,064 2,660,271
U.S. Treasury securities 1,656,666 - 3,033 - 14,778 1,656,930
Bills (2) 0 0 - 18,423 0
Notes and bonds, nominal (2) 1,570,986 - 3,025 - 3,939 1,571,252
Notes and bonds, inflation-indexed (2) 74,740 0 + 6,272 74,740
Inflation compensation (3) 10,941 - 7 + 1,313 10,938
Federal agency debt securities (2) 77,140 - 2,143 - 27,456 76,783
Mortgage-backed securities (4) 941,054 + 11,090 + 93,298 926,558
Repurchase agreements (5) 0 0 0 0
Loans 640 - 199 - 8,468 613
Primary credit 17 + 5 + 5 26
Secondary credit 0 0 - 1 0
Seasonal credit 30 + 7 + 4 30
Term Asset-Backed Securities Loan Facility (6) 593 - 210 - 8,476 558
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (7) 1,428 - 5 - 5,806 1,412
Net portfolio holdings of Maiden Lane II LLC (8) 61 0 - 9,188 61
Net portfolio holdings of Maiden Lane III LLC (9) 22 0 - 17,712 22
Net portfolio holdings of TALF LLC (10) 856 0 + 45 856
Float -644 + 120 + 10 -683
Central bank liquidity swaps (11) 8,889 - 2,660 - 90,934 8,889
Other Federal Reserve assets (12) 219,092 + 2,324 + 66,147 218,201
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (13) 44,803 + 14 + 610 44,803

Total factors supplying reserve funds 2,966,249 + 5,509 - 14,231 2,950,688

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 26, 2012
Federal Reserve Banks Dec 26, 2012 Dec 19, 2012 Dec 28, 2011

Currency in circulation (13) 1,163,598 + 6,846 + 90,009 1,167,122
Reverse repurchase agreements (14) 101,360 - 2,822 + 10,517 99,853
Foreign official and international accounts 101,360 - 2,822 + 10,517 99,853
Others 0 0 0 0
Treasury cash holdings 148 + 4 + 27 150
Deposits with F.R. Banks, other than reserve balances 128,932 + 15,031 - 79,871 84,570
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 55,563 + 577 - 43,089 55,679
Foreign official 6,163 + 156 + 5,985 6,163
Service-related 0 0 - 2,488 0
Required clearing balances 0 0 - 2,488 0
Adjustments to compensate for float 0 0 0 0
Other 67,206 + 14,298 - 40,278 22,729
Other liabilities and capital (15) 68,730 + 188 - 4,259 66,343

Total factors, other than reserve balances,
absorbing reserve funds 1,462,767 + 19,246 + 16,423 1,418,037

Reserve balances with Federal Reserve Banks 1,503,482 - 13,738 - 30,653 1,532,651

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 26, 2012
Dec 26, 2012 Dec 19, 2012 Dec 28, 2011

Securities held in custody for foreign official and
international accounts 3,236,361 + 6,082 + 186,777 3,238,440
Marketable U.S. Treasury securities (1) 2,887,591 + 9,230 + 278,585 2,891,366
Federal agency debt and mortgage-backed securities (2) 312,758 - 3,251 - 93,034 311,053
Other securities (3) 36,011 + 102 + 1,226 36,020
Securities lent to dealers 8,671 + 2,790 - 7,573 9,346
Overnight facility (4) 8,671 + 2,790 - 7,573 9,346
U.S. Treasury securities 7,957 + 2,849 - 7,036 8,629
Federal agency debt securities 714 - 59 - 537 717

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 26, 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) 56 51 0 506 0 ... 613
U.S. Treasury securities (2)
Holdings 382 4 16 365,270 866,016 425,241 1,656,930
Weekly changes 0 0 0 - 7,422 - 2 + 5,502 - 1,921
Federal agency debt securities (3)
Holdings 422 3,938 15,202 52,830 2,044 2,347 76,783
Weekly changes - 2,078 - 13 - 409 0 0 0 - 2,500
Mortgage-backed securities (4)
Holdings 0 0 2 1 2,358 924,197 926,558
Weekly changes 0 0 - 1 0 + 78 - 6,910 - 6,833
Asset-backed securities held by
TALF LLC (5) 0 0 0 0 0 0 0
Repurchase agreements (6) 0 0 ... ... ... ... 0
Central bank liquidity swaps (7) 1,742 7,147 0 0 0 0 8,889

Reverse repurchase agreements (6) 99,853 0 ... ... ... ... 99,853
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 26, 2012

Mortgage-backed securities held outright (1) 926,558

Commitments to buy mortgage-backed securities (2) 106,935
Commitments to sell mortgage-backed securities (2) 0

Cash and cash equivalents (3) 125

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 26, 2012

Net portfolio holdings of Maiden Lane LLC (1) 1,412

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 26, 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 26, 2012

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
Dec 26, 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 26, 2012 Wednesday Wednesday
consolidation Dec 19, 2012 Dec 28, 2011

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 2,114 - 12 - 192
Securities, repurchase agreements, and loans 2,660,884 - 11,505 + 38,420
Securities held outright (1) 2,660,271 - 11,254 + 46,889
U.S. Treasury securities 1,656,930 - 1,921 - 15,162
Bills (2) 0 0 - 18,423
Notes and bonds, nominal (2) 1,571,252 - 1,914 - 4,332
Notes and bonds, inflation-indexed (2) 74,740 0 + 6,272
Inflation compensation (3) 10,938 - 7 + 1,321
Federal agency debt securities (2) 76,783 - 2,500 - 27,211
Mortgage-backed securities (4) 926,558 - 6,833 + 89,263
Repurchase agreements (5) 0 0 0
Loans 613 - 251 - 8,469
Net portfolio holdings of Maiden Lane LLC (6) 1,412 - 19 - 5,816
Net portfolio holdings of Maiden Lane II LLC (7) 61 0 - 9,220
Net portfolio holdings of Maiden Lane III LLC (8) 22 0 - 17,717
Net portfolio holdings of TALF LLC (9) 856 0 + 45
Items in process of collection (0) 146 + 13 - 212
Bank premises 2,339 + 2 + 151
Central bank liquidity swaps (10) 8,889 - 2,660 - 90,934
Other assets (11) 215,898 + 1,262 + 65,847

Total assets (0) 2,908,859 - 12,917 - 19,626

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 26, 2012 Wednesday Wednesday
consolidation Dec 19, 2012 Dec 28, 2011

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,124,578 + 7,115 + 90,058
Reverse repurchase agreements (12) 99,853 - 1,111 + 11,179
Deposits (0) 1,617,257 - 17,428 - 114,671
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 1,532,687 + 49,989 - 36,580
U.S. Treasury, General Account 55,679 - 19,338 - 35,739
Foreign official 6,163 + 163 + 5,785
Other (0) 22,729 - 48,242 - 48,137
Deferred availability cash items (0) 829 - 161 - 665
Other liabilities and accrued dividends (13) 11,615 - 1,330 - 6,456

Total liabilities (0) 2,854,131 - 12,917 - 20,555

Capital accounts
Capital paid in 27,364 0 + 464
Surplus 27,364 0 + 464
Other capital accounts 0 0 0

Total capital 54,728 0 + 929

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

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

9. Statement of Condition of Each Federal Reserve Bank, December 26, 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 2,114 38 93 140 144 376 208 310 36 52 165 195 356
Securities, repurchase agreements,
and loans 2,660,884 64,614 1,492,050 87,943 67,636 189,350 160,402 147,583 41,591 24,208 53,450 103,365 228,691
Securities held outright (1) 2,660,271 64,613 1,491,493 87,943 67,636 189,335 160,396 147,580 41,591 24,184 53,446 103,365 228,689
U.S. Treasury securities 1,656,930 40,244 928,965 54,774 42,126 117,926 99,901 91,919 25,905 15,063 33,288 64,380 142,437
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 1,656,930 40,244 928,965 54,774 42,126 117,926 99,901 91,919 25,905 15,063 33,288 64,380 142,437
Federal agency debt securities (2) 76,783 1,865 43,049 2,538 1,952 5,465 4,629 4,260 1,200 698 1,543 2,983 6,601
Mortgage-backed securities (4) 926,558 22,504 519,479 30,630 23,557 65,944 55,865 51,401 14,486 8,423 18,615 36,002 79,651
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 613 2 558 0 0 15 6 3 0 23 4 0 3
Net portfolio holdings of Maiden
Lane LLC (6) 1,412 0 1,412 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 146 0 0 1 11 0 125 0 1 8 0 0 0
Bank premises 2,339 119 450 70 115 230 215 203 130 103 253 239 209
Central bank liquidity swaps (10) 8,889 312 2,867 771 657 1,839 508 237 73 36 88 142 1,358
Other assets (11) 215,898 5,542 114,569 8,521 6,724 18,914 12,969 11,277 3,216 1,888 4,099 7,959 20,221
Interdistrict settlement account 0 + 18,358 - 90,812 - 19,688 + 1,895 - 23,924 + 36,886 - 5,090 + 199 + 3,235 - 4,501 + 6,076 + 77,367

Total assets 2,908,859 89,588 1,527,212 78,406 77,933 188,087 213,304 155,784 45,709 29,811 54,022 118,985 330,019

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 26, 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 1,355,835 47,647 477,817 47,750 60,723 103,444 175,867 95,420 37,354 22,400 36,481 95,686 155,246
Less: Notes held by F.R. Banks 231,257 6,291 93,702 4,594 8,294 11,841 26,209 12,727 3,955 3,189 6,686 28,209 25,560
Federal Reserve notes, net 1,124,578 41,356 384,115 43,156 52,430 91,603 149,658 82,692 33,399 19,211 29,795 67,477 129,686
Reverse repurchase agreements (12) 99,853 2,425 55,983 3,301 2,539 7,107 6,020 5,539 1,561 908 2,006 3,880 8,584
Deposits 1,617,257 42,818 1,063,073 27,326 18,315 76,934 53,173 65,411 10,076 9,181 21,441 46,337 183,171
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 1,532,687 42,813 978,652 27,310 18,313 76,852 53,163 65,391 10,075 9,181 21,439 46,334 183,164
U.S. Treasury, General Account 55,679 0 55,679 0 0 0 0 0 0 0 0 0 0
Foreign official 6,163 1 6,136 3 3 8 2 1 0 0 0 1 6
Other 22,729 4 22,606 13 0 74 7 19 0 0 1 3 1
Deferred availability cash items 829 0 0 0 25 0 690 0 0 114 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (13) 1,157 24 720 25 19 50 71 70 18 11 27 48 74
Other liabilities and accrued
dividends (14) 10,458 275 5,830 365 337 901 575 511 199 158 200 366 742

Total liabilities 2,854,131 86,898 1,509,721 74,173 73,664 176,595 210,187 154,224 45,253 29,582 53,468 118,108 322,257

Capital
Capital paid in 27,364 1,345 8,745 2,116 2,134 5,746 1,558 780 228 115 277 439 3,881
Surplus 27,364 1,345 8,745 2,116 2,134 5,746 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 2,908,859 89,588 1,527,212 78,406 77,933 188,087 213,304 155,784 45,709 29,811 54,022 118,985 330,019

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 26, 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 26, 2012

Federal Reserve notes outstanding 1,355,835
Less: Notes held by F.R. Banks not subject to collateralization 231,257
Federal Reserve notes to be collateralized 1,124,578
Collateral held against Federal Reserve notes 1,124,578
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,108,341
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,660,271
Less: Face value of securities under reverse repurchase agreements 85,531
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,574,740

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