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Release Date:   October 4, 2012
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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

October 4, 2012
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks		 Averages of daily figures Wednesday
Oct 3, 2012
Week ended
Oct 3, 2012		 Change from week ended
Sep 26, 2012 Oct 5, 2011
Reserve Bank credit 2,785,574 - 11,011 - 50,086 2,790,880
    Securities held outright 1 2,566,854 - 8,973 - 78,339 2,571,341
        U.S. Treasury securities 1,648,460 + 5,302 - 17,581 1,652,944
            Bills 2 0 0 - 18,423 0
            Notes and bonds, nominal 2 1,566,714 + 5,316 - 3,692 1,571,169
            Notes and bonds, inflation-indexed 2 71,784 0 + 4,236 71,784
            Inflation compensation 3 9,962 - 15 + 297 9,991
        Federal agency debt securities 2 83,405 - 1,365 - 24,863 83,405
        Mortgage-backed securities 4 834,989 - 12,910 - 35,894 834,992
    Repurchase agreements 5 0 0 0 0
    Loans 1,595 - 133 - 9,811 1,572
        Primary credit 23 - 20 - 3 17
        Secondary credit 0 0 0 0
        Seasonal credit 106 - 21 + 30 89
        Term Asset-Backed Securities Loan Facility 6 1,467 - 91 - 9,836 1,467
        Other credit extensions 0 0 0 0
    Net portfolio holdings of Maiden Lane LLC 7 1,721 - 15 - 13,765 1,731
    Net portfolio holdings of Maiden Lane II LLC 8 61 0 - 9,896 61
    Net portfolio holdings of Maiden Lane III LLC 9 23 - 443 - 21,158 23
    Net portfolio holdings of TALF LLC 10 853 0 + 68 853
    Float -700 - 107 + 351 -671
    Central bank liquidity swaps 11 12,551 - 2,142 + 12,051 12,551
    Other Federal Reserve assets 12 202,615 + 801 + 70,412 203,419
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding 13 44,699 + 14 + 617 44,699
 
Total factors supplying reserve funds 2,846,513 - 10,998 - 49,470 2,851,820
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
Oct 3, 2012
Week ended
Oct 3, 2012		 Change from week ended
Sep 26, 2012 Oct 5, 2011
Currency in circulation 13 1,129,953 + 3,887 + 91,040 1,133,670
Reverse repurchase agreements 14 90,535 - 696 + 6,438 87,263
    Foreign official and international accounts 90,535 - 696 + 6,438 87,263
    Others 0 0 0 0
Treasury cash holdings 123 + 12 - 2 129
Deposits with F.R. Banks, other than reserve balances 111,387 - 35,678 + 13,850 98,873
    Term deposits held by depository institutions 3,040 0 - 2,037 3,040
    U.S. Treasury, General Account 83,297 + 10,058 + 39,642 73,488
    U.S. Treasury, Supplementary Financing Account 0 0 0 0
    Foreign official 5,591 + 30 + 4,021 5,561
    Service-related 0 0 - 2,514 0
        Required clearing balances 0 0 - 2,514 0
        Adjustments to compensate for float 0 0 0 0
    Other 19,458 - 45,767 - 25,264 16,784
Other liabilities and capital 15 67,634 - 514 - 3,301 67,260
 
Total factors, other than reserve balances,
    absorbing reserve funds		 1,399,633 - 32,988 + 108,026 1,387,195
 
Reserve balances with Federal Reserve Banks 1,446,881 + 21,991 - 157,496 1,464,625
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
Oct 3, 2012
Week ended
Oct 3, 2012		 Change from week ended
Sep 26, 2012 Oct 5, 2011
Marketable securities held in custody for foreign
    official and international accounts 1		 3,593,306 + 120 + 168,684 3,584,937
    U.S. Treasury securities 2,889,391 - 1,852 + 188,449 2,879,940
    Federal agency securities 2 703,914 + 1,971 - 19,766 704,997
Securities lent to dealers 10,327 + 2,177 - 4,289 7,529
    Overnight facility 3 10,327 + 2,177 - 4,289 7,529
        U.S. Treasury securities 9,761 + 2,206 - 3,925 6,921
        Federal agency debt securities 566 - 29 - 364 608
Note: Components may not sum to totals because of rounding.


1. 
Face value of the securities. Includes U.S. Treasury STRIPS and other zero-coupon bonds at face value and mortgage-backed securities at original face value.
2. 
Includes debt and mortgage-backed securities.
3. 
Fully collateralized by U.S. Treasury securities.

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, October 3, 2012
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 years
to 10 years		 Over 10
years		 All
Loans 1 40 229 363 940 0 ... 1,572
U.S. Treasury securities 2  
    Holdings 0 485 611 461,377 809,358 381,112 1,652,944
    Weekly changes - 825 + 382 - 381 - 3,187 + 4,842 + 3,709 + 4,541
Federal agency debt securities 3  
    Holdings 659 5,963 16,131 53,895 4,410 2,347 83,405
    Weekly changes 0 0 + 3,000 - 3,000 0 0 0
Mortgage-backed securities 4  
    Holdings 0 0 4 2 306 834,680 834,992
    Weekly changes 0 0 + 1 - 1 + 12 + 1 + 13
Asset-backed securities held by
    TALF LLC 5		 0 0 0 0 0 0 0
Repurchase agreements 6 0 0 ... ... ... ... 0
Central bank liquidity swaps 7 4,375 8,175 0 0 0 0 12,551
   
Reverse repurchase agreements 6 87,263 0 ... ... ... ... 87,263
Term deposits 3,040 0 0 ... ... ... 3,040
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
Oct 3, 2012
Mortgage-backed securities held outright 1 834,992
 
Commitments to buy mortgage-backed securities 2 93,702
Commitments to sell mortgage-backed securities 2 3,200
 
Cash and cash equivalents 3 6
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
Oct 3, 2012
Net portfolio holdings of Maiden Lane LLC 1 1,731
 
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. 3 308
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 June 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
Oct 3, 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 June 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
Oct 3, 2012
Net portfolio holdings of Maiden Lane III LLC 1 23
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 0
Accrued interest payable to the Federal Reserve Bank of New York 2 0
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. 3 0
1. 
Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2012. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. 
Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. 
Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

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


7. Information on Principal Accounts of TALF LLC
Millions of dollars
Account name Wednesday
Oct 3, 2012
Asset-backed securities holdings 1 0
Other investments, net 853
Net portfolio holdings of TALF LLC 853
 
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 3 112
1. 
Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date.
2. 
Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. 
Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

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


TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF LLC, by the interest received on investments of TALF LLC, by up to $1.4 billion in subordinated debt funding provided by the U.S. Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S. Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the U.S. Treasury.


8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations from
consolidation		 Wednesday
Oct 3, 2012		 Change since
Wednesday
Sep 26, 2012		 Wednesday
Oct 5, 2011
Assets  
    Gold certificate account   11,037 0 0
    Special drawing rights certificate account   5,200 0 0
    Coin   2,180 - 3 - 77
    Securities, repurchase agreements, and loans   2,572,913 + 4,394 - 89,419
        Securities held outright 1   2,571,341 + 4,554 - 79,595
            U.S. Treasury securities   1,652,944 + 4,541 - 18,840
                Bills 2   0 0 - 18,423
                Notes and bonds, nominal 2   1,571,169 + 4,515 - 4,908
                Notes and bonds, inflation-indexed 2   71,784 0 + 4,187
                Inflation compensation 3   9,991 + 26 + 303
            Federal agency debt securities 2   83,405 0 - 24,863
            Mortgage-backed securities 4   834,992 + 13 - 35,891
        Repurchase agreements 5   0 0 0
        Loans   1,572 - 160 - 9,824
    Net portfolio holdings of Maiden Lane LLC 6   1,731 + 11 - 13,754
    Net portfolio holdings of Maiden Lane II LLC 7   61 0 - 9,791
    Net portfolio holdings of Maiden Lane III LLC 8   23 - 2 - 21,212
    Net portfolio holdings of TALF LLC 9   853 0 + 68
    Items in process of collection (109) 229 + 91 - 34
    Bank premises   2,344 - 6 + 163
    Central bank liquidity swaps 10   12,551 - 2,142 + 12,051
    Other assets 11   201,076 + 1,668 + 69,371
 
Total assets (109) 2,810,196 + 4,009 - 52,636
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
Oct 3, 2012		 Change since
Wednesday
Sep 26, 2012		 Wednesday
Oct 5, 2011
Liabilities  
    Federal Reserve notes, net of F.R. Bank holdings   1,091,276 + 5,468 + 90,608
    Reverse repurchase agreements 12   87,263 - 2,273 + 4,435
    Deposits (0) 1,563,498 + 37 - 143,867
        Term deposits held by depository institutions   3,040 0 - 2,037
        Other deposits held by depository institutions   1,464,625 - 5,911 - 161,972
        U.S. Treasury, General Account   73,488 + 7,823 + 41,865
        U.S. Treasury, Supplementary Financing Account   0 0 0
        Foreign official   5,561 + 1 + 5,342
        Other (0) 16,784 - 1,876 - 27,066
    Deferred availability cash items (109) 899 + 120 - 618
    Other liabilities and accrued dividends 13   12,528 + 643 - 5,892
 
Total liabilities (109) 2,755,464 + 3,995 - 55,335
 
Capital accounts  
    Capital paid in   27,366 + 7 + 1,350
    Surplus   27,366 + 7 + 1,350
    Other capital accounts   0 0 0
 
Total capital   54,732 + 14 + 2,699
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, October 3, 2012
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City		 Dallas San
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 2,180 52 105 148 148 387 206 319 35 53 164 206 358
    Securities, repurchase agreements,
        and loans		 2,572,913 62,453 1,443,100 85,003 65,375 183,006 155,051 142,656 40,217 23,417 51,672 99,919 221,044
        Securities held outright 1 2,571,341 62,453 1,441,634 85,003 65,375 183,006 155,034 142,647 40,200 23,376 51,659 99,910 221,044
            U.S. Treasury securities 1,652,944 40,147 926,730 54,643 42,025 117,642 99,661 91,698 25,842 15,027 33,208 64,225 142,094
                Bills 2 0 0 0 0 0 0 0 0 0 0 0 0 0
                Notes and bonds 3 1,652,944 40,147 926,730 54,643 42,025 117,642 99,661 91,698 25,842 15,027 33,208 64,225 142,094
            Federal agency debt securities 2 83,405 2,026 46,761 2,757 2,121 5,936 5,029 4,627 1,304 758 1,676 3,241 7,170
            Mortgage-backed securities 4 834,992 20,280 468,142 27,603 21,229 59,428 50,344 46,322 13,054 7,591 16,775 32,444 71,780
        Repurchase agreements 5 0 0 0 0 0 0 0 0 0 0 0 0 0
        Loans 1,572 0 1,467 0 0 0 17 9 16 41 13 10 0
    Net portfolio holdings of Maiden
        Lane LLC 6		 1,731 0 1,731 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		 23 0 23 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of TALF LLC 9 853 0 853 0 0 0 0 0 0 0 0 0 0
    Items in process of collection 338 2 0 45 25 5 204 9 4 5 5 5 28
    Bank premises 2,344 120 453 68 122 229 213 202 130 104 254 240 210
    Central bank liquidity swaps 10 12,551 440 4,049 1,089 928 2,596 718 335 103 51 125 201 1,917
    Other assets 11 201,076 5,190 106,223 8,038 6,373 17,951 12,089 10,411 2,990 1,754 3,799 7,258 18,999
    Interdistrict settlement account 0 + 3,585 - 45,612 - 13,113 + 2,497 - 40,567 + 32,251 + 842 + 2,493 + 2,494 - 1,615 + 2,504 + 54,244
 
Total assets 2,810,305 72,446 1,516,628 81,924 76,220 164,908 202,721 156,037 46,434 28,159 54,872 111,341 298,615
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, October 3, 2012 (continued)
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City		 Dallas San
Francisco
Liabilities  
    Federal Reserve notes outstanding 1,310,140 45,718 458,691 47,659 61,113 101,795 176,924 94,517 37,293 22,486 36,237 86,411 141,295
        Less: Notes held by F.R. Banks 218,864 5,070 85,326 5,928 8,391 12,456 27,653 13,580 4,410 3,406 4,056 22,753 25,834
            Federal Reserve notes, net 1,091,276 40,648 373,365 41,730 52,722 89,340 149,271 80,937 32,883 19,080 32,181 63,659 115,461
    Reverse repurchase agreements 12 87,263 2,119 48,924 2,885 2,219 6,211 5,261 4,841 1,364 793 1,753 3,391 7,502
    Deposits 1,563,498 26,707 1,069,047 32,651 16,664 57,329 44,284 68,131 11,495 7,757 20,125 42,933 166,376
        Term deposits held by depository
            institutions		 3,040 5 2,596 0 0 10 55 5 0 65 299 5 0
        Other deposits held by depository
            institutions		 1,464,625 26,695 970,958 32,630 16,661 57,066 44,218 68,099 11,494 7,692 19,825 42,918 166,369
        U.S. Treasury, General Account 73,488 0 73,488 0 0 0 0 0 0 0 0 0 0
        U.S. Treasury, Supplementary
            Financing Account		 0 0 0 0 0 0 0 0 0 0 0 0 0
        Foreign official 5,561 1 5,534 3 3 8 2 1 0 0 0 1 6
        Other 16,784 5 16,471 17 0 245 8 26 0 0 1 9 1
    Deferred availability cash items 1,008 34 0 99 44 24 214 27 29 137 37 88 275
    Interest on Federal Reserve notes due
        to U.S. Treasury 13		 1,514 20 908 38 26 88 112 82 23 17 29 60 110
    Other liabilities and accrued
        dividends 14		 11,014 245 6,923 315 291 751 506 469 189 147 195 334 650
 
Total liabilities 2,755,573 69,773 1,499,168 77,718 71,966 153,743 199,647 154,486 45,983 27,930 54,321 110,465 290,373
 
Capital  
    Capital paid in 27,366 1,336 8,730 2,103 2,127 5,583 1,537 775 225 114 276 438 4,121
    Surplus 27,366 1,336 8,730 2,103 2,127 5,583 1,537 775 225 114 276 438 4,121
    Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
 
Total liabilities and capital 2,810,305 72,446 1,516,628 81,924 76,220 164,908 202,721 156,037 46,434 28,159 54,872 111,341 298,615
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, October 3, 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
Oct 3, 2012
Federal Reserve notes outstanding 1,310,140
    Less: Notes held by F.R. Banks not subject to collateralization 218,864
        Federal Reserve notes to be collateralized 1,091,276
Collateral held against Federal Reserve notes 1,091,276
    Gold certificate account 11,037
    Special drawing rights certificate account 5,200
    U.S. Treasury, agency debt, and mortgage-backed securities pledged 1,2 1,075,039
    Other assets pledged 0
Memo:  
Total U.S. Treasury, agency debt, and mortgage-backed securities 1,2 2,571,341
    Less: Face value of securities under reverse repurchase agreements 74,189
        U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,497,152
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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Last update: October 4, 2012