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Release Date:   November 1, 2012
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For release at
4:30 P.M. EDT
November 1, 2012

The weekly average values, shown in table 1, reflect the September 30, 2012, quarterly updates to the
fair values of the net portfolio holdings of Maiden Lane LLC and the fair value adjustment of the
Term Asset-Backed Securities Loan Facility, or TALF, which is included in "Other Federal Reserve
assets." The amounts for the first six days of this reporting week are based on the values as of June
30, 2012, and the amounts for the last day of the reporting week are based on the values as of
September 30, 2012.


FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks

November 1, 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 31, 2012
Week ended
Oct 31, 2012		 Change from week ended
Oct 24, 2012 Nov 2, 2011
Reserve Bank credit 2,810,656 - 18,435 - 6,790 2,805,301
    Securities held outright 1 2,584,211 - 19,036 - 39,003 2,579,274
        U.S. Treasury securities 1,650,297 - 1,985 - 15,988 1,645,334
            Bills 2 0 0 - 18,423 0
            Notes and bonds, nominal 2 1,568,019 - 1,358 - 2,354 1,563,019
            Notes and bonds, inflation-indexed 2 71,944 - 622 + 4,234 71,944
            Inflation compensation 3 10,334 - 5 + 554 10,371
        Federal agency debt securities 2 81,902 - 844 - 25,766 81,902
        Mortgage-backed securities 4 852,013 - 16,206 + 2,752 852,039
    Repurchase agreements 5 0 0 0 0
    Loans 1,317 - 92 - 9,577 1,262
        Primary credit 26 + 22 + 3 37
        Secondary credit 0 0 0 0
        Seasonal credit 48 0 + 16 48
        Term Asset-Backed Securities Loan Facility 6 1,243 - 114 - 9,595 1,177
        Other credit extensions 0 0 0 0
    Net portfolio holdings of Maiden Lane LLC 7 1,561 + 6 - 11,378 1,572
    Net portfolio holdings of Maiden Lane II LLC 8 61 0 - 9,392 61
    Net portfolio holdings of Maiden Lane III LLC 9 23 0 - 17,996 23
    Net portfolio holdings of TALF LLC 10 855 + 1 + 61 855
    Float -593 - 33 + 324 -930
    Central bank liquidity swaps 11 12,903 + 726 + 11,050 12,903
    Other Federal Reserve assets 12 210,319 - 6 + 69,122 210,282
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding 13 44,704 + 14 + 581 44,704
 
Total factors supplying reserve funds 2,871,601 - 18,421 - 6,209 2,866,246
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 31, 2012
Week ended
Oct 31, 2012		 Change from week ended
Oct 24, 2012 Nov 2, 2011
Currency in circulation 13 1,136,787 + 2,442 + 91,466 1,141,983
Reverse repurchase agreements 14 98,975 + 4,539 + 7,974 99,748
    Foreign official and international accounts 98,975 + 4,539 + 7,974 99,748
    Others 0 0 0 0
Treasury cash holdings 143 + 8 + 21 146
Deposits with F.R. Banks, other than reserve balances 74,260 - 41,491 - 26,681 123,616
    Term deposits held by depository institutions 0 0 0 0
    U.S. Treasury, General Account 53,905 - 8,833 - 3,870 99,966
    U.S. Treasury, Supplementary Financing Account 0 0 0 0
    Foreign official 5,898 + 915 + 5,769 5,991
    Service-related 0 0 - 2,507 0
        Required clearing balances 0 0 - 2,507 0
        Adjustments to compensate for float 0 0 0 0
    Other 14,457 - 33,573 - 26,073 17,660
Other liabilities and capital 15 67,023 - 982 - 1,472 66,353
 
Total factors, other than reserve balances,
    absorbing reserve funds		 1,377,188 - 35,484 + 71,308 1,431,847
 
Reserve balances with Federal Reserve Banks 1,494,414 + 17,064 - 77,516 1,434,399
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 31, 2012
Week ended
Oct 31, 2012		 Change from week ended
Oct 24, 2012 Nov 2, 2011
Marketable securities held in custody for foreign
    official and international accounts 1		 3,609,118 - 82 + 213,627 3,616,831
    U.S. Treasury securities 2,912,254 - 185 + 237,795 2,920,582
    Federal agency securities 2 696,864 + 103 - 24,168 696,249
Securities lent to dealers 8,052 + 168 - 3,104 10,803
    Overnight facility 3 8,052 + 168 - 3,104 10,803
        U.S. Treasury securities 7,383 + 123 - 2,888 10,095
        Federal agency debt securities 669 + 45 - 217 708
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 31, 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 1 167 257 71 767 0 ... 1,262
U.S. Treasury securities 2  
    Holdings 1 482 19 424,184 826,698 393,950 1,645,334
    Weekly changes 0 - 2 + 2 - 5,776 + 2,754 + 1,831 - 1,190
Federal agency debt securities 3  
    Holdings 850 5,941 16,031 52,323 4,410 2,347 81,902
    Weekly changes + 6 - 850 0 0 0 0 - 844
Mortgage-backed securities 4  
    Holdings 0 0 3 2 1,468 850,566 852,039
    Weekly changes 0 0 - 1 0 - 4 - 16,026 - 16,030
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 8,077 4,825 0 0 0 0 12,903
   
Reverse repurchase agreements 6 99,748 0 ... ... ... ... 99,748
Term deposits 0 0 0 ... ... ... 0
Note: Components may not sum to totals because of rounding.

. . . Not applicable.


1. 
Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation under generally accepted accounting principles.
2. 
Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the original face value of such securities.
3. 
Face value.
4. 
Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. 
Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.
6. 
Cash value of agreements.
7. 
Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.

3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name Wednesday
Oct 31, 2012
Mortgage-backed securities held outright 1 852,039
 
Commitments to buy mortgage-backed securities 2 105,383
Commitments to sell mortgage-backed securities 2 0
 
Cash and cash equivalents 3 67
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 31, 2012
Net portfolio holdings of Maiden Lane LLC 1 1,572
 
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. 3 133
1. 
Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of September 30, 2012. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. 
Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. 
Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

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


5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Account name Wednesday
Oct 31, 2012
Net portfolio holdings of Maiden Lane II LLC 1 61
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 0
Accrued interest payable to the Federal Reserve Bank of New York 2 0
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. 3 0
1. 
Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of September 30, 2012. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. 
Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. 
Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

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


6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Account name Wednesday
Oct 31, 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 September 30, 2012. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. 
Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. 
Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

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


7. Information on Principal Accounts of TALF LLC
Millions of dollars
Account name Wednesday
Oct 31, 2012
Asset-backed securities holdings 1 0
Other investments, net 855
Net portfolio holdings of TALF LLC 855
 
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 31, 2012		 Change since
Wednesday
Oct 24, 2012		 Wednesday
Nov 2, 2011
Assets  
    Gold certificate account   11,037 0 0
    Special drawing rights certificate account   5,200 0 0
    Coin   2,154 - 13 - 147
    Securities, repurchase agreements, and loans   2,580,536 - 18,116 - 41,427
        Securities held outright 1   2,579,274 - 18,065 - 31,850
            U.S. Treasury securities   1,645,334 - 1,190 - 8,861
                Bills 2   0 0 - 18,423
                Notes and bonds, nominal 2   1,563,019 - 1,293 + 4,906
                Notes and bonds, inflation-indexed 2   71,944 0 + 4,082
                Inflation compensation 3   10,371 + 102 + 573
            Federal agency debt securities 2   81,902 - 844 - 25,766
            Mortgage-backed securities 4   852,039 - 16,030 + 2,778
        Repurchase agreements 5   0 0 0
        Loans   1,262 - 50 - 9,578
    Net portfolio holdings of Maiden Lane LLC 6   1,572 + 13 - 11,399
    Net portfolio holdings of Maiden Lane II LLC 7   61 0 - 9,275
    Net portfolio holdings of Maiden Lane III LLC 8   23 0 - 18,008
    Net portfolio holdings of TALF LLC 9   855 0 + 61
    Items in process of collection (0) 128 - 75 - 303
    Bank premises   2,353 + 3 + 175
    Central bank liquidity swaps 10   12,903 + 726 + 11,050
    Other assets 11   207,931 - 402 + 69,344
 
Total assets (0) 2,824,750 - 17,865 + 67
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 31, 2012		 Change since
Wednesday
Oct 24, 2012		 Wednesday
Nov 2, 2011
Liabilities  
    Federal Reserve notes, net of F.R. Bank holdings   1,099,575 + 6,730 + 91,132
    Reverse repurchase agreements 12   99,748 + 8,039 - 24,764
    Deposits (0) 1,558,017 - 32,673 - 64,385
        Term deposits held by depository institutions   0 0 0
        Other deposits held by depository institutions   1,434,400 + 1,159 - 87,359
        U.S. Treasury, General Account   99,966 + 47,119 + 36,065
        U.S. Treasury, Supplementary Financing Account   0 0 0
        Foreign official   5,991 + 1,129 + 5,865
        Other (0) 17,660 - 82,079 - 18,956
    Deferred availability cash items (0) 1,058 + 278 - 350
    Other liabilities and accrued dividends 13   11,593 - 249 - 4,233
 
Total liabilities (0) 2,769,991 - 17,875 - 2,600
 
Capital accounts  
    Capital paid in   27,380 + 6 + 1,334
    Surplus   27,380 + 6 + 1,334
    Other capital accounts   0 0 0
 
Total capital   54,760 + 12 + 2,668
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 31, 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 2,154 50 107 147 147 384 201 314 35 51 161 201 355
    Securities, repurchase agreements,
        and loans		 2,580,536 62,646 1,447,258 85,265 65,576 183,571 155,523 143,093 40,324 23,471 51,824 100,247 221,737
        Securities held outright 1 2,579,274 62,646 1,446,082 85,265 65,576 183,571 155,512 143,087 40,324 23,448 51,819 100,218 221,726
            U.S. Treasury securities 1,645,334 39,962 922,464 54,391 41,832 117,101 99,202 91,276 25,723 14,958 33,055 63,930 141,440
                Bills 2 0 0 0 0 0 0 0 0 0 0 0 0 0
                Notes and bonds 3 1,645,334 39,962 922,464 54,391 41,832 117,101 99,202 91,276 25,723 14,958 33,055 63,930 141,440
            Federal agency debt securities 2 81,902 1,989 45,919 2,708 2,082 5,829 4,938 4,544 1,280 745 1,645 3,182 7,041
            Mortgage-backed securities 4 852,039 20,694 477,699 28,167 21,663 60,641 51,372 47,267 13,321 7,746 17,118 33,106 73,245
        Repurchase agreements 5 0 0 0 0 0 0 0 0 0 0 0 0 0
        Loans 1,262 0 1,177 0 0 0 11 6 0 23 5 29 11
    Net portfolio holdings of Maiden
        Lane LLC 6		 1,572 0 1,572 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 9 855 0 855 0 0 0 0 0 0 0 0 0 0
    Items in process of collection 128 0 0 0 4 0 123 0 1 0 0 0 0
    Bank premises 2,353 120 455 70 121 230 213 206 130 103 253 240 210
    Central bank liquidity swaps 10 12,903 452 4,162 1,119 954 2,669 738 344 106 53 128 207 1,971
    Other assets 11 207,931 5,358 110,104 8,259 6,542 18,416 12,496 10,795 3,107 1,821 3,940 7,517 19,576
    Interdistrict settlement account 0 + 12,835 - 39,124 - 12,891 + 738 - 36,477 + 35,621 - 21,486 + 1,507 + 3,612 - 3,475 + 2,446 + 56,695
 
Total assets 2,824,750 82,065 1,531,114 82,616 74,834 170,095 206,908 134,529 45,673 29,393 53,299 111,865 302,360
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 31, 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 1,319,726 47,048 460,972 47,637 60,869 101,625 177,504 94,367 37,523 22,520 36,092 90,677 142,894
        Less: Notes held by F.R. Banks 220,152 5,312 84,353 5,388 8,321 12,255 26,527 13,356 4,543 3,302 4,901 25,525 26,368
            Federal Reserve notes, net 1,099,575 41,736 376,619 42,249 52,548 89,370 150,976 81,011 32,980 19,218 31,191 65,152 116,526
    Reverse repurchase agreements 12 99,748 2,423 55,924 3,297 2,536 7,099 6,014 5,534 1,559 907 2,004 3,876 8,575
    Deposits 1,558,017 34,960 1,074,223 32,501 15,159 61,594 45,398 45,893 10,471 8,661 19,335 41,574 168,249
        Term deposits held by depository
            institutions		 0 0 0 0 0 0 0 0 0 0 0 0 0
        Other deposits held by depository
            institutions		 1,434,400 34,958 950,849 32,489 15,156 61,421 45,388 45,871 10,471 8,661 19,324 41,572 168,243
        U.S. Treasury, General Account 99,966 0 99,966 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 5,991 1 5,964 3 3 8 2 1 0 0 0 1 6
        Other 17,660 1 17,444 8 0 165 7 21 0 0 11 2 1
    Deferred availability cash items 1,058 0 0 0 8 0 832 0 0 219 0 0 0
    Interest on Federal Reserve notes due
        to U.S. Treasury 13		 1,504 25 854 47 36 110 96 79 26 13 29 62 130
    Other liabilities and accrued
        dividends 14		 10,089 244 6,034 316 293 758 502 462 185 148 185 324 640
 
Total liabilities 2,769,991 79,387 1,513,654 78,410 70,579 158,931 203,817 132,977 45,221 29,164 52,744 110,988 294,119
 
Capital  
    Capital paid in 27,380 1,339 8,730 2,103 2,127 5,582 1,545 776 226 115 278 439 4,121
    Surplus 27,380 1,339 8,730 2,103 2,127 5,582 1,545 776 226 115 278 439 4,121
    Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
 
Total liabilities and capital 2,824,750 82,065 1,531,114 82,616 74,834 170,095 206,908 134,529 45,673 29,393 53,299 111,865 302,360
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 31, 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 31, 2012
Federal Reserve notes outstanding 1,319,726
    Less: Notes held by F.R. Banks not subject to collateralization 220,152
        Federal Reserve notes to be collateralized 1,099,575
Collateral held against Federal Reserve notes 1,099,575
    Gold certificate account 11,037
    Special drawing rights certificate account 5,200
    U.S. Treasury, agency debt, and mortgage-backed securities pledged 1,2 1,083,338
    Other assets pledged 0
Memo:  
Total U.S. Treasury, agency debt, and mortgage-backed securities 1,2 2,579,274
    Less: Face value of securities under reverse repurchase agreements 85,085
        U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,494,189
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: November 1, 2012