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

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks March 28, 2013

1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Mar 27, 2013
Federal Reserve Banks Mar 27, 2013 Mar 20, 2013 Mar 28, 2012

Reserve Bank credit 3,187,398 + 20,857 + 314,867 3,184,791
Securities held outright (1) 2,940,190 + 18,184 + 330,333 2,937,814
U.S. Treasury securities 1,788,388 + 10,944 + 120,447 1,794,459
Bills (2) 0 0 - 18,423 0
Notes and bonds, nominal (2) 1,698,670 + 10,885 + 126,948 1,704,719
Notes and bonds, inflation-indexed (2) 78,879 0 + 10,212 78,879
Inflation compensation (3) 10,840 + 60 + 1,711 10,862
Federal agency debt securities (2) 72,423 - 459 - 24,414 72,423
Mortgage-backed securities (4) 1,079,379 + 7,698 + 234,300 1,070,932
Repurchase agreements (5) 0 0 0 0
Loans 390 - 2 - 6,687 385
Primary credit 8 + 2 + 4 4
Secondary credit 0 0 0 0
Seasonal credit 0 0 - 5 0
Term Asset-Backed Securities Loan Facility (6) 382 - 4 - 6,685 382
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (7) 1,402 0 - 4,020 1,403
Net portfolio holdings of Maiden Lane II LLC (8) 64 0 + 45 64
Net portfolio holdings of Maiden Lane III LLC (9) 22 0 - 17,428 22
Net portfolio holdings of TALF LLC (10) 399 0 - 432 399
Float -613 + 68 + 222 -666
Central bank liquidity swaps (11) 8,265 + 300 - 56,804 8,265
Other Federal Reserve assets (12) 237,279 + 2,307 + 69,637 237,104
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (13) 44,919 + 14 + 535 44,919

Total factors supplying reserve funds 3,248,558 + 20,871 + 315,402 3,245,951

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 Mar 27, 2013
Federal Reserve Banks Mar 27, 2013 Mar 20, 2013 Mar 28, 2012

Currency in circulation (13) 1,174,909 + 103 + 78,337 1,177,679
Reverse repurchase agreements (14) 91,632 - 4,031 + 6,548 92,541
Foreign official and international accounts 91,632 - 4,031 + 6,548 92,541
Others 0 0 0 0
Treasury cash holdings 226 + 4 + 67 231
Deposits with F.R. Banks, other than reserve balances 138,605 + 3,701 - 12,285 79,972
Term deposits held by depository institutions 3,045 0 - 12 3,045
U.S. Treasury, General Account 68,019 - 3,347 - 16,024 53,218
Foreign official 9,114 + 1,034 + 8,977 9,107
Service-related 0 0 - 1,937 0
Required clearing balances 0 0 - 1,937 0
Adjustments to compensate for float 0 0 0 0
Other 58,427 + 6,014 - 3,290 14,601
Other liabilities and capital (15) 66,817 - 1,911 - 7,297 65,916

Total factors, other than reserve balances,
absorbing reserve funds 1,472,189 - 2,135 + 65,371 1,416,339

Reserve balances with Federal Reserve Banks 1,776,369 + 23,005 + 250,031 1,829,612

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 Mar 27, 2013
Mar 27, 2013 Mar 20, 2013 Mar 28, 2012

Securities held in custody for foreign official and
international accounts 3,291,330 - 11,406 + 195,990 3,284,304
Marketable U.S. Treasury securities (1) 2,951,067 - 15,867 + 283,976 2,945,239
Federal agency debt and mortgage-backed securities (2) 302,295 + 4,147 - 87,521 301,035
Other securities (3) 37,967 + 312 - 466 38,030
Securities lent to dealers 17,064 + 352 - 2,715 20,945
Overnight facility (4) 17,064 + 352 - 2,715 20,945
U.S. Treasury securities 15,986 + 441 - 3,076 19,970
Federal agency debt securities 1,078 - 89 + 361 975

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, March 27, 2013

Millions of dollars
Remaining Maturity Within 15 16 days to 91 days to Over 1 year Over 5 year Over 10 All
days 90 days 1 year to 5 years to 10 years years

Loans (1) 4 0 0 382 0 ... 385
U.S. Treasury securities (2)
Holdings 1 6 307 442,432 894,432 457,282 1,794,459
Weekly changes 0 0 0 + 8 + 6,831 + 2,968 + 9,807
Federal agency debt securities (3)
Holdings 370 1,395 23,315 42,952 2,044 2,347 72,423
Weekly changes + 370 - 370 0 0 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 1 1 2,560 1,068,370 1,070,932
Weekly changes 0 0 0 0 - 47 - 14,528 - 14,575
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) 1,165 7,100 0 0 0 0 8,265

Reverse repurchase agreements (6) 92,541 0 ... ... ... ... 92,541
Term deposits 3,045 0 0 ... ... ... 3,045

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
Mar 27, 2013

Mortgage-backed securities held outright (1) 1,070,932

Commitments to buy mortgage-backed securities (2) 95,185
Commitments to sell mortgage-backed securities (2) 0

Cash and cash equivalents (3) 96

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
Mar 27, 2013

Net portfolio holdings of Maiden Lane LLC (1) 1,403

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 0

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an
asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
quarterly. This table reflects valuations as of December 31, 2012. Any assets purchased after this
valuation date are initially recorded at cost until their estimated fair value as of the purchase date
becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's
statement of condition consistent with consolidation under generally accepted accounting principles. Refer
to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in
table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of
the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to
the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan
Chase & Co. Any remaining funds will be paid to the FRBNY.

5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Account name Wednesday
Mar 27, 2013

Net portfolio holdings of Maiden Lane II LLC (1) 64

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 0

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an
asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
quarterly. This table reflects valuations as of December 31, 2012. Any assets purchased after this
valuation date are initially recorded at cost until their estimated fair value as of the purchase date
becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's
statement of condition consistent with consolidation under generally accepted accounting principles. Refer
to the note on consolidation accompanying table 9.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio
holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase
agreement. The fair value of this payment and accrued interest payable are included in other
liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden
Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was
formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment
portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC
from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of
Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due
to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.

6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Account name Wednesday
Mar 27, 2013

Net portfolio holdings of Maiden Lane III LLC (1) 22

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden
Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was
formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group
of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection
with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments
by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order:
operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due
to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.

7. Information on Principal Accounts of TALF LLC
Millions of dollars
Account name Wednesday
Mar 27, 2013

Asset-backed securities holdings (1) 0
Other investments, net 399
Net portfolio holdings of TALF LLC 399

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3) 0

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an
asset if the transaction were to be conducted in an orderly market on the measurement date.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's
statement of condition consistent with consolidation under generally accepted accounting principles. Refer
to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in
table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities
Loan Facility (TALF) under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility
under which the Federal Reserve Bank of New York (FRBNY) extends loans with a term of up to five years to
holders of eligible asset-backed securities. The TALF is intended to assist financial markets in accommodating the
credit needs of consumers and businesses by facilitating the issuance of asset-backed securities collateralized
by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are
non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to
the FRBNY. The loans are extended for the market value of the security less an amount known as a haircut. As a
result, the borrower bears the initial risk of a decline in the value of the security.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received
by the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed,
for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a
price equal to the TALF loan plus accrued but unpaid interest. Losses on asset-backed securities held by TALF
LLC will be offset in the following order: by the commitment fees collected by TALF LLC then by the interest
received on investments of TALF LLC. Payments by TALF LLC from the proceeds of its net portfolio holdings will be
made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the
U.S. Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be
shared by the FRBNY and the U.S. Treasury.

8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from Mar 27, 2013 Wednesday Wednesday
consolidation Mar 20, 2013 Mar 28, 2012

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 2,108 - 12 - 211
Securities, repurchase agreements, and loans 2,938,199 - 4,775 + 332,963
Securities held outright (1) 2,937,814 - 4,769 + 339,639
U.S. Treasury securities 1,794,459 + 9,807 + 129,548
Bills (2) 0 0 - 18,423
Notes and bonds, nominal (2) 1,704,719 + 9,747 + 136,055
Notes and bonds, inflation-indexed (2) 78,879 0 + 10,212
Inflation compensation (3) 10,862 + 60 + 1,704
Federal agency debt securities (2) 72,423 0 - 24,055
Mortgage-backed securities (4) 1,070,932 - 14,575 + 234,146
Repurchase agreements (5) 0 0 0
Loans 385 - 7 - 6,676
Net portfolio holdings of Maiden Lane LLC (6) 1,403 + 2 - 4,014
Net portfolio holdings of Maiden Lane II LLC (7) 64 0 + 45
Net portfolio holdings of Maiden Lane III LLC (8) 22 0 - 17,433
Net portfolio holdings of TALF LLC (9) 399 0 - 432
Items in process of collection (0) 125 - 372 + 89
Bank premises 2,303 0 - 80
Central bank liquidity swaps (10) 8,265 + 300 - 56,803
Other assets (11) 234,801 + 229 + 69,340

Total assets (0) 3,203,926 - 4,627 + 323,463

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 Mar 27, 2013 Wednesday Wednesday
consolidation Mar 20, 2013 Mar 28, 2012

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,135,095 + 2,539 + 78,677
Reverse repurchase agreements (12) 92,541 - 384 + 9,314
Deposits (0) 1,909,584 - 4,330 + 242,985
Term deposits held by depository institutions 3,045 0 - 12
Other deposits held by depository institutions 1,829,612 + 73,388 + 264,630
U.S. Treasury, General Account 53,218 - 17,913 - 15,234
Foreign official 9,107 + 155 + 8,980
Other (0) 14,601 - 59,961 - 15,380
Deferred availability cash items (0) 791 - 347 - 192
Other liabilities and accrued dividends (13) 10,788 - 2,137 - 8,014

Total liabilities (0) 3,148,798 - 4,661 + 322,769

Capital accounts
Capital paid in 27,564 + 17 + 347
Surplus 27,564 + 17 + 347
Other capital accounts 0 0 0

Total capital 55,128 + 34 + 694

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, March 27, 2013
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
City Francisco

Assets
Gold certificate account 11,037 408 3,824 437 515 890 1,337 839 313 192 315 725 1,242
Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574
Coin 2,108 41 106 138 154 377 190 310 34 54 164 185 355
Securities, repurchase agreements,
and loans 2,938,199 71,354 1,647,480 97,118 74,692 209,088 177,130 162,977 45,930 26,708 59,022 114,152 252,548
Securities held outright (1) 2,937,814 71,354 1,647,098 97,118 74,692 209,088 177,130 162,977 45,930 26,707 59,022 114,149 252,548
U.S. Treasury securities 1,794,459 43,584 1,006,071 59,321 45,623 127,714 108,193 99,549 28,055 16,313 36,051 69,724 154,260
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 1,794,459 43,584 1,006,071 59,321 45,623 127,714 108,193 99,549 28,055 16,313 36,051 69,724 154,260
Federal agency debt securities (2) 72,423 1,759 40,604 2,394 1,841 5,154 4,367 4,018 1,132 658 1,455 2,814 6,226
Mortgage-backed securities (4) 1,070,932 26,011 600,423 35,403 27,228 76,220 64,570 59,411 16,743 9,736 21,515 41,611 92,062
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 385 0 382 0 0 0 0 0 0 1 0 3 0
Net portfolio holdings of Maiden
Lane LLC (6) 1,403 0 1,403 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (7) 64 0 64 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) 399 0 399 0 0 0 0 0 0 0 0 0 0
Items in process of collection 125 0 0 0 0 0 124 0 0 0 0 0 0
Bank premises 2,303 117 428 71 114 228 214 202 130 102 251 237 207
Central bank liquidity swaps (10) 8,265 406 2,642 639 645 1,736 471 236 69 35 84 131 1,172
Other assets (11) 234,801 6,327 125,486 8,820 7,229 20,164 14,110 12,375 3,530 2,071 4,499 8,688 21,502
Interdistrict settlement account 0 - 2,253 + 44,765 - 17,837 - 6,730 - 46,371 + 9,178 - 14,356 - 1,265 - 1,782 - 11,037 - 15,013 + 62,703

Total assets 3,203,926 76,596 1,828,438 89,596 76,856 186,525 203,408 163,006 48,891 27,471 53,450 109,386 340,304

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, March 27, 2013 (continued)
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
City Francisco

Liabilities
Federal Reserve notes outstanding 1,402,657 46,892 526,322 46,559 60,987 102,245 174,517 94,415 36,762 23,519 37,519 97,950 154,970
Less: Notes held by F.R. Banks 267,562 10,988 97,976 4,352 9,050 11,191 30,852 14,565 3,445 7,459 9,949 42,736 24,998
Federal Reserve notes, net 1,135,095 35,905 428,346 42,207 51,937 91,054 143,665 79,850 33,317 16,060 27,569 55,214 129,972
Reverse repurchase agreements (12) 92,541 2,248 51,883 3,059 2,353 6,586 5,580 5,134 1,447 841 1,859 3,596 7,955
Deposits 1,909,584 35,464 1,324,683 39,673 17,961 76,493 49,801 75,893 13,454 9,970 23,242 49,275 193,672
Term deposits held by depository
institutions 3,045 10 1,762 0 0 40 388 5 0 100 205 5 530
Other deposits held by depository
institutions 1,829,612 35,452 1,246,221 39,639 17,958 76,324 49,404 75,860 13,454 9,869 23,036 49,268 193,128
U.S. Treasury, General Account 53,218 0 53,218 0 0 0 0 0 0 0 0 0 0
Foreign official 9,107 2 9,080 3 3 8 2 1 0 0 0 1 6
Other 14,601 0 14,402 31 0 121 7 27 0 0 1 2 9
Deferred availability cash items 791 0 0 0 0 0 593 0 0 198 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (13) 1,290 27 777 39 28 82 74 74 17 11 24 35 102
Other liabilities and accrued
dividends (14) 9,498 258 5,227 327 300 802 553 486 192 157 196 352 647

Total liabilities 3,148,798 73,901 1,810,916 85,306 72,578 175,018 200,266 161,437 48,428 27,237 52,891 108,472 332,348

Capital
Capital paid in 27,564 1,348 8,761 2,145 2,139 5,754 1,571 785 232 117 280 457 3,978
Surplus 27,564 1,348 8,761 2,145 2,139 5,754 1,571 785 232 117 280 457 3,978
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 3,203,926 76,596 1,828,438 89,596 76,856 186,525 203,408 163,006 48,891 27,471 53,450 109,386 340,304

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, March 27, 2013 (continued)

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 4 and the note on consolidation below.
7. Refer to table 5 and the note on consolidation below.
8. Refer to table 6 and the note on consolidation below.
9. Refer to table 7 and the note on consolidation below.
10. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals
the market exchange rate used when the foreign currency was acquired from the foreign central bank.
11. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank of New York
(FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility.
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
13. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to
capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the
Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires
the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount
necessary to equate surplus with capital paid-in.
14. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have
recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.

Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a
loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase
multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a
loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American
International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities
received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.

The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial
activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any
residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the
FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net
assets of the LLCs appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to
the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 8).

10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Mar 27, 2013

Federal Reserve notes outstanding 1,402,657
Less: Notes held by F.R. Banks not subject to collateralization 267,562
Federal Reserve notes to be collateralized 1,135,095
Collateral held against Federal Reserve notes 1,135,095
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,118,858
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,937,814
Less: Face value of securities under reverse repurchase agreements 79,599
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,858,214

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