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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

April 4, 2013

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
Apr 3, 2013

Week ended
Apr 3, 2013

Change from week ended

Mar 27, 2013

Apr 4, 2012

Reserve Bank credit

3,190,711

+    3,313

+  347,747

3,197,859

Securities held outright1

2,942,620

+    2,430

+  344,558

2,949,036

U.S. Treasury securities

1,799,240

+   10,852

+  134,447

1,805,639

Bills2

         0

         0

-   18,423

         0

Notes and bonds, nominal2

1,709,448

+   10,778

+  141,170

1,715,791

Notes and bonds, inflation-indexed2

    78,879

         0

+   10,019

    78,879

Inflation compensation3

    10,913

+       73

+    1,681

    10,969

Federal agency debt securities2

    72,423

         0

-   24,055

    72,423

Mortgage-backed securities4

1,070,957

-    8,422

+  234,165

1,070,974

Repurchase agreements5

         0

         0

         0

         0

Loans

       392

+        2

-    6,678

       394

Primary credit

         8

         0

-        2

         6

Secondary credit

         0

         0

         0

         0

Seasonal credit

         2

+        2

-        2

         6

Term Asset-Backed Securities Loan Facility6

       382

         0

-    6,674

       382

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Maiden Lane LLC7

     1,402

         0

-    4,039

     1,402

Net portfolio holdings of Maiden Lane II LLC8

        64

         0

+       45

        64

Net portfolio holdings of Maiden Lane III LLC9

        22

         0

-   17,444

        22

Net portfolio holdings of TALF LLC10

       399

         0

-      432

       399

Float

      -676

-       63

+      358

      -752

Central bank liquidity swaps11

     8,056

-      209

-   38,426

     8,056

Other Federal Reserve assets12

   238,433

+    1,154

+   69,805

   239,238

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding13

    44,933

+       14

+      544

    44,933

Total factors supplying reserve funds

3,251,885

+    3,327

+  348,291

3,259,033

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
Apr 3, 2013

Week ended
Apr 3, 2013

Change from week ended

Mar 27, 2013

Apr 4, 2012

Currency in circulation13

1,177,749

+    2,840

+   78,272

1,179,564

Reverse repurchase agreements14

   100,156

+    8,524

+   10,634

    94,167

Foreign official and international accounts

   100,119

+    8,487

+   10,597

    93,907

Others

        37

+       37

+       37

       260

Treasury cash holdings

       230

+        4

+       81

       219

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

   105,619

-   32,986

+   13,654

    80,588

Term deposits held by depository institutions

     3,045

         0

-       12

     3,045

U.S. Treasury, General Account

    76,144

+    8,125

+   21,245

    60,060

Foreign official

     9,189

+       75

+    9,062

     9,186

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

    17,240

-   41,187

-   14,705

     8,298

Other liabilities and capital15

    67,031

+      214

-    6,841

    66,666

Total factors, other than reserve balances,
absorbing reserve funds

1,450,784

-   21,405

+   95,800

1,421,204

Reserve balances with Federal Reserve Banks

1,801,101

+   24,732

+  252,491

1,837,830

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
Apr 3, 2013

Week ended
Apr 3, 2013

Change from week ended

Mar 27, 2013

Apr 4, 2012

Securities held in custody for foreign official and international accounts

3,295,463

+    4,133

+  193,051

3,293,207

Marketable U.S. Treasury securities1

2,956,840

+    5,773

+  281,089

2,954,614

Federal agency debt and mortgage-backed securities2

   300,621

-    1,674

-   88,223

   300,607

Other securities3

    38,003

+       36

+      186

    37,986

Securities lent to dealers

    23,770

+    6,706

+    3,165

    18,130

Overnight facility4

    23,770

+    6,706

+    3,165

    18,130

U.S. Treasury securities

    22,674

+    6,688

+    2,857

    17,155

Federal agency debt securities

     1,095

+       17

+      307

       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, April 3, 2013

Millions of dollars

Remaining Maturity

Within 15
days

16 days to
90 days

91 days to
1 year

Over 1 year
to 5 years

Over 5 year
to 10 years

Over 10
years

All

Loans1

         6

         6

         0

       382

         0

...

       394

U.S. Treasury securities2

Holdings

         1

         6

       308

   462,022

   882,819

   460,484

1,805,639

Weekly changes

         0

         0

+        1

+   19,590

-   11,613

+    3,202

+   11,180

Federal agency debt securities3

Holdings

       370

     2,873

    21,837

    42,952

     2,044

     2,347

    72,423

Weekly changes

         0

+    1,478

-    1,478

         0

         0

         0

         0

Mortgage-backed securities4

Holdings

         0

         0

         1

         1

     2,599

1,068,373

1,070,974

Weekly changes

         0

         0

         0

         0

+       39

+        3

+       42

Asset-backed securities held by
TALF LLC5

         0

         0

         0

         0

         0

         0

         0

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

       505

     7,551

         0

         0

         0

         0

     8,056

Reverse repurchase agreements6

    94,167

         0

...

...

...

...

    94,167

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

Apr 3, 2013

Mortgage-backed securities held outright1

1,070,974

Commitments to buy mortgage-backed securities2

   108,243

Commitments to sell mortgage-backed securities2

         0

Cash and cash equivalents3

        68

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

Apr 3, 2013

Net portfolio holdings of Maiden Lane LLC1

     1,402

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 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

Apr 3, 2013

Net portfolio holdings of Maiden Lane II LLC1

        64

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 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

Apr 3, 2013

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 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 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

Apr 3, 2013

Asset-backed securities holdings1

         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 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

         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 from consolidation

Wednesday
Apr 3, 2013

Change since

Wednesday

Wednesday

Mar 27, 2013

Apr 4, 2012

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

     5,200

         0

         0

Coin

     2,097

-       11

-      196

Securities, repurchase agreements, and loans

2,949,430

+   11,231

+  339,715

Securities held outright1

2,949,036

+   11,222

+  346,394

U.S. Treasury securities

1,805,639

+   11,180

+  136,268

Bills2

         0

         0

-   18,423

Notes and bonds, nominal2

1,715,791

+   11,072

+  144,304

Notes and bonds, inflation-indexed2

    78,879

         0

+    8,865

Inflation compensation3

    10,969

+      107

+    1,522

Federal agency debt securities2

    72,423

         0

-   24,055

Mortgage-backed securities4

1,070,974

+       42

+  234,181

Repurchase agreements5

         0

         0

         0

Loans

       394

+        9

-    6,678

Net portfolio holdings of Maiden Lane LLC6

     1,402

-        1

-    4,038

Net portfolio holdings of Maiden Lane II LLC7

        64

         0

+       45

Net portfolio holdings of Maiden Lane III LLC8

        22

         0

-   17,485

Net portfolio holdings of TALF LLC9

       399

         0

-      432

Items in process of collection

(0)

       127

+        2

+      714

Bank premises

     2,297

-        6

-       55

Central bank liquidity swaps10

     8,056

-      209

-   38,426

Other assets11

   236,941

+    2,140

+   69,428

Total assets

(0)

3,217,072

+   13,146

+  349,272

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
Apr 3, 2013

Change since

Wednesday

Wednesday

Mar 27, 2013

Apr 4, 2012

Liabilities

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

1,136,943

+    1,848

+   77,423

Reverse repurchase agreements12

    94,167

+    1,626

+   10,816

Deposits

(0)

1,918,418

+    8,834

+  267,411

Term deposits held by depository institutions

     3,045

         0

-       12

Other deposits held by depository institutions

1,837,830

+    8,218

+  275,478

U.S. Treasury, General Account

    60,060

+    6,842

+    3,286

Foreign official

     9,186

+       79

+    9,059

Other

(0)

     8,298

-    6,303

-   20,399

Deferred availability cash items

(0)

       879

+       88

-      408

Other liabilities and accrued dividends13

    11,533

+      745

-    6,668

Total liabilities

(0)

3,161,940

+   13,142

+  348,574

Capital accounts

Capital paid in

    27,566

+        2

+      349

Surplus

    27,566

+        2

+      349

Other capital accounts

         0

         0

         0

Total capital

    55,132

+        4

+      698

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

1.

Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2.

Face value of the securities.

3.

Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4.

Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.

5.

Cash value of agreements, 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, April 3, 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

     2,097

        40

       105

       137

       154

       375

       188

       309

        30

        54

       163

       189

       352

Securities, repurchase agreements,
and loans

2,949,430

    71,627

1,653,772

    97,489

    74,977

   209,892

   177,807

   163,604

    46,106

    26,809

    59,251

   114,585

   253,512

Securities held outright1

2,949,036

    71,627

1,653,390

    97,489

    74,977

   209,887

   177,807

   163,600

    46,105

    26,809

    59,247

   114,585

   253,512

U.S. Treasury securities

1,805,639

    43,856

1,012,340

    59,691

    45,907

   128,510

   108,868

   100,169

    28,229

    16,415

    36,276

    70,158

   155,221

Bills2

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Notes and bonds3

1,805,639

    43,856

1,012,340

    59,691

    45,907

   128,510

   108,868

   100,169

    28,229

    16,415

    36,276

    70,158

   155,221

Federal agency debt securities2

    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 securities4

1,070,974

    26,012

   600,446

    35,404

    27,229

    76,223

    64,572

    59,413

    16,744

     9,736

    21,516

    41,613

    92,066

Repurchase agreements5

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Loans

       394

         0

       382

         0

         0

         5

         0

         4

         0

         0

         3

         0

         0

Net portfolio holdings of Maiden

Lane LLC6

     1,402

         0

     1,402

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane II LLC7

        64

         0

        64

         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

       399

         0

       399

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Items in process of collection

       127

         0

         0

         0

         0

         0

       126

         0

         0

         0

         0

         0

         0

Bank premises

     2,297

       118

       427

        71

       114

       229

       213

       201

       129

       102

       251

       236

       207

Central bank liquidity swaps10

     8,056

       396

     2,575

       623

       628

     1,692

       459

       230

        67

        34

        82

       128

     1,143

Other assets11

   236,941

     6,386

   126,652

     8,899

     7,297

    20,361

    14,249

    12,497

     3,571

     2,095

     4,541

     8,691

    21,701

Interdistrict settlement account

         0

-    5,017

+   18,876

-   17,493

-    3,518

-   43,539

+   11,072

-   18,749

-      235

-    1,837

-   10,654

-   13,912

+   85,006

Total assets

3,217,072

    74,153

1,809,936

    90,373

    80,405

   190,312

   206,104

   159,354

    50,132

    27,540

    54,101

   110,924

   363,737

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, April 3, 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

1,404,439

    46,860

   528,332

    46,602

    60,934

   102,273

   174,254

    94,633

    36,729

    23,509

    37,487

    98,012

   154,813

Less: Notes held by F.R. Banks

   267,497

    11,103

    97,618

     4,159

     8,780

    10,848

    31,134

    14,498

     3,270

     7,391

    10,113

    44,094

    24,488

Federal Reserve notes, net

1,136,943

    35,757

   430,714

    42,443

    52,154

    91,426

   143,120

    80,135

    33,459

    16,118

    27,374

    53,918

   130,325

Reverse repurchase agreements12

    94,167

     2,287

    52,795

     3,113

     2,394

     6,702

     5,678

     5,224

     1,472

       856

     1,892

     3,659

     8,095

Deposits

1,918,418

    33,184

1,302,203

    40,155

    21,246

    79,706

    52,752

    71,866

    14,521

    10,066

    24,056

    52,038

   216,625

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

1,837,830

    33,171

1,223,211

    40,115

    21,243

    79,455

    52,355

    71,835

    14,520

     9,966

    23,849

    52,030

   216,080

U.S. Treasury, General Account

    60,060

         0

    60,060

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     9,186

         2

     9,158

         3

         3

         8

         2

         1

         0

         0

         0

         1

         6

Other

     8,298

         0

     8,012

        37

         0

       203

         7

        26

         0

         0

         1

         2

         9

Deferred availability cash items

       879

         0

         0

         0

         0

         0

       779

         0

         0

       100

         0

         0

         0

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

     1,535

        95

       851

        51

        39

        38

       101

        83

        25

        14

        29

        58

       153

Other liabilities and accrued
dividends14

     9,998

       245

     5,852

       321

       293

       772

       532

       474

       192

       154

       188

       338

       636

Total liabilities

3,161,940

    71,567

1,792,415

    86,083

    76,126

   178,644

   202,963

   157,782

    49,669

    27,308

    53,539

   110,011

   355,833

Capital

Capital paid in

    27,566

     1,293

     8,761

     2,145

     2,139

     5,834

     1,571

       786

       232

       116

       281

       457

     3,952

Surplus

    27,566

     1,293

     8,761

     2,145

     2,139

     5,834

     1,571

       786

       232

       116

       281

       457

     3,952

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

3,217,072

    74,153

1,809,936

    90,373

    80,405

   190,312

   206,104

   159,354

    50,132

    27,540

    54,101

   110,924

   363,737

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, April 3, 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

Apr 3, 2013

Federal Reserve notes outstanding

1,404,439

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

   267,497

Federal Reserve notes to be collateralized

1,136,943

Collateral held against Federal Reserve notes

1,136,943

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

1,120,706

Other assets pledged

         0

Memo:

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

2,949,036

Less: Face value of securities under reverse repurchase agreements

    83,132

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

2,865,904

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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