FRB: H.4.1 Release--Factors Affecting Reserve Balances--February 21, 2013

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks February 21, 2013

1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Feb 20, 2013
Federal Reserve Banks Feb 20, 2013 Feb 13, 2013 Feb 22, 2012

Reserve Bank credit 3,063,397 + 45,653 + 146,079 3,076,719
Securities held outright (1) 2,829,472 + 52,583 + 216,692 2,843,781
U.S. Treasury securities 1,734,500 + 10,899 + 74,326 1,736,456
Bills (2) 0 0 - 18,423 0
Notes and bonds, nominal (2) 1,646,462 + 10,149 + 82,598 1,648,436
Notes and bonds, inflation-indexed (2) 77,499 + 783 + 8,739 77,499
Inflation compensation (3) 10,540 - 32 + 1,413 10,521
Federal agency debt securities (2) 74,613 - 356 - 26,204 74,613
Mortgage-backed securities (4) 1,020,359 + 42,039 + 168,570 1,032,712
Repurchase agreements (5) 0 0 0 0
Loans 448 - 39 - 7,498 448
Primary credit 8 + 1 + 4 8
Secondary credit 0 0 0 0
Seasonal credit 1 0 + 1 1
Term Asset-Backed Securities Loan Facility (6) 439 - 41 - 7,504 439
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (7) 1,401 - 3 - 5,078 1,400
Net portfolio holdings of Maiden Lane II LLC (8) 61 0 - 6,653 61
Net portfolio holdings of Maiden Lane III LLC (9) 22 0 - 17,573 22
Net portfolio holdings of TALF LLC (10) 507 0 - 313 507
Float -677 - 63 + 231 -1,067
Central bank liquidity swaps (11) 5,192 - 1 - 102,767 5,192
Other Federal Reserve assets (12) 226,972 - 6,822 + 69,039 226,376
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (13) 44,849 + 14 + 596 44,849

Total factors supplying reserve funds 3,124,487 + 45,667 + 146,675 3,137,809

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Feb 20, 2013
Federal Reserve Banks Feb 20, 2013 Feb 13, 2013 Feb 22, 2012

Currency in circulation (13) 1,168,819 + 6,423 + 79,906 1,170,164
Reverse repurchase agreements (14) 96,922 + 10,461 + 8,029 93,121
Foreign official and international accounts 96,922 + 10,461 + 8,029 93,121
Others 0 0 0 0
Treasury cash holdings 198 + 4 + 41 206
Deposits with F.R. Banks, other than reserve balances 122,840 + 43,728 + 19,856 139,729
Term deposits held by depository institutions 0 - 3,036 0 0
U.S. Treasury, General Account 24,877 - 10,031 - 30,918 40,703
Foreign official 8,416 + 170 + 8,278 8,401
Service-related 0 0 - 1,970 0
Required clearing balances 0 0 - 1,970 0
Adjustments to compensate for float 0 0 0 0
Other 89,548 + 56,626 + 44,467 90,625
Other liabilities and capital (15) 68,324 + 971 - 6,915 66,206

Total factors, other than reserve balances,
absorbing reserve funds 1,457,104 + 61,588 + 100,918 1,469,426

Reserve balances with Federal Reserve Banks 1,667,383 - 15,921 + 45,757 1,668,383

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

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

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.

1A. Memorandum Items
Millions of dollars
Memorandum item Averages of daily figures Wednesday
Week ended Change from week ended Feb 20, 2013
Feb 20, 2013 Feb 13, 2013 Feb 22, 2012

Securities held in custody for foreign official and
international accounts 3,302,030 + 2,127 + 217,872 3,306,820
Marketable U.S. Treasury securities (1) 2,961,319 + 3,415 + 312,203 2,967,217
Federal agency debt and mortgage-backed securities (2) 303,167 - 1,933 - 93,946 302,037
Other securities (3) 37,543 + 645 - 386 37,566
Securities lent to dealers 17,985 + 75 - 1,382 20,164
Overnight facility (4) 17,985 + 75 - 1,382 20,164
U.S. Treasury securities 17,293 + 56 - 1,088 19,567
Federal agency debt securities 692 + 20 - 294 597

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, February 20, 2013

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

Loans (1) 9 47 0 393 0 ... 448
U.S. Treasury securities (2)
Holdings 1 4 14 416,244 880,077 440,115 1,736,456
Weekly changes - 2 + 1 - 1 + 15,947 - 1,819 - 6,148 + 7,979
Federal agency debt securities (3)
Holdings 1,025 1,535 20,642 47,020 2,044 2,347 74,613
Weekly changes 0 0 0 0 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 2 1 2,598 1,030,110 1,032,712
Weekly changes 0 0 0 0 + 84 + 22,961 + 23,046
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) 4,027 1,165 0 0 0 0 5,192

Reverse repurchase agreements (6) 93,121 0 ... ... ... ... 93,121
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
Feb 20, 2013

Mortgage-backed securities held outright (1) 1,032,712

Commitments to buy mortgage-backed securities (2) 88,165
Commitments to sell mortgage-backed securities (2) 0

Cash and cash equivalents (3) 21

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
Feb 20, 2013

Net portfolio holdings of Maiden Lane LLC (1) 1,400

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

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

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

5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Account name Wednesday
Feb 20, 2013

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 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
Feb 20, 2013

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

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

7. Information on Principal Accounts of TALF LLC
Millions of dollars
Account name Wednesday
Feb 20, 2013

Asset-backed securities holdings (1) 0
Other investments, net 507
Net portfolio holdings of TALF LLC 507

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

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

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

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

8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from Feb 20, 2013 Wednesday Wednesday
consolidation Feb 13, 2013 Feb 22, 2012

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 2,206 - 18 - 200
Securities, repurchase agreements, and loans 2,844,229 + 31,024 + 226,154
Securities held outright (1) 2,843,781 + 31,025 + 233,338
U.S. Treasury securities 1,736,456 + 7,979 + 79,875
Bills (2) 0 0 - 18,423
Notes and bonds, nominal (2) 1,648,436 + 8,038 + 88,150
Notes and bonds, inflation-indexed (2) 77,499 0 + 8,739
Inflation compensation (3) 10,521 - 60 + 1,409
Federal agency debt securities (2) 74,613 0 - 26,204
Mortgage-backed securities (4) 1,032,712 + 23,046 + 179,667
Repurchase agreements (5) 0 0 0
Loans 448 - 1 - 7,184
Net portfolio holdings of Maiden Lane LLC (6) 1,400 - 1 - 5,104
Net portfolio holdings of Maiden Lane II LLC (7) 61 0 - 6,654
Net portfolio holdings of Maiden Lane III LLC (8) 22 0 - 17,581
Net portfolio holdings of TALF LLC (9) 507 0 - 318
Items in process of collection (0) 573 + 7 + 364
Bank premises 2,308 + 1 + 130
Central bank liquidity swaps (10) 5,192 - 1 - 102,767
Other assets (11) 224,068 - 10,111 + 67,629

Total assets (0) 3,096,802 + 20,901 + 161,653

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from Feb 20, 2013 Wednesday Wednesday
consolidation Feb 13, 2013 Feb 22, 2012

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,127,723 + 4,724 + 79,719
Reverse repurchase agreements (12) 93,121 + 4,066 + 3,297
Deposits (0) 1,808,112 + 12,702 + 86,827
Term deposits held by depository institutions 0 - 3,036 0
Other deposits held by depository institutions 1,668,383 - 28,298 + 45,583
U.S. Treasury, General Account 40,703 - 1,655 + 4,670
Foreign official 8,401 + 153 + 8,271
Other (0) 90,625 + 45,538 + 28,303
Deferred availability cash items (0) 1,640 + 403 - 2
Other liabilities and accrued dividends (13) 11,224 - 996 - 8,576

Total liabilities (0) 3,041,820 + 20,898 + 161,264

Capital accounts
Capital paid in 27,491 + 1 + 194
Surplus 27,491 + 1 + 194
Other capital accounts 0 0 0

Total capital 54,982 + 3 + 388

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, February 20, 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 2,206 42 103 143 157 391 213 322 37 54 170 207 365
Securities, repurchase agreements,
and loans 2,844,229 69,070 1,594,818 94,009 72,301 202,396 171,460 157,761 44,462 25,853 57,134 110,501 244,464
Securities held outright (1) 2,843,781 69,070 1,594,378 94,009 72,301 202,396 171,460 157,761 44,460 25,853 57,133 110,496 244,464
U.S. Treasury securities 1,736,456 42,175 973,552 57,403 44,148 123,586 104,696 96,331 27,148 15,786 34,886 67,470 149,274
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 1,736,456 42,175 973,552 57,403 44,148 123,586 104,696 96,331 27,148 15,786 34,886 67,470 149,274
Federal agency debt securities (2) 74,613 1,812 41,832 2,467 1,897 5,310 4,499 4,139 1,167 678 1,499 2,899 6,414
Mortgage-backed securities (4) 1,032,712 25,083 578,994 34,139 26,256 73,500 62,265 57,290 16,145 9,388 20,748 40,126 88,777
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 448 0 439 0 0 0 0 1 2 0 1 5 0
Net portfolio holdings of Maiden
Lane LLC (6) 1,400 0 1,400 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (7) 61 0 61 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (8) 22 0 22 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF LLC (9) 507 0 507 0 0 0 0 0 0 0 0 0 0
Items in process of collection 573 0 -48 0 0 0 624 0 0 1 0 0 -5
Bank premises 2,308 118 429 70 115 229 214 202 130 103 252 238 208
Central bank liquidity swaps (10) 5,192 255 1,660 402 405 1,090 296 148 43 22 53 82 736
Other assets (11) 224,068 6,078 119,245 8,622 6,988 19,496 13,450 11,758 3,346 1,968 4,272 8,230 20,613
Interdistrict settlement account 0 + 4,843 + 26,579 - 13,714 - 4,475 - 59,248 + 18,065 - 15,896 + 9 + 780 - 7,356 - 10,047 + 60,460

Total assets 3,096,802 81,011 1,750,417 90,180 76,244 165,657 206,314 155,559 48,490 29,062 54,992 110,218 328,658

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, February 20, 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 1,383,943 47,539 502,194 47,306 61,875 103,682 174,976 95,148 37,357 23,836 38,084 96,765 155,179
Less: Notes held by F.R. Banks 256,220 9,389 96,015 5,016 10,066 11,417 29,223 14,559 3,286 5,729 9,335 35,347 26,838
Federal Reserve notes, net 1,127,723 38,150 406,179 42,290 51,810 92,265 145,753 80,588 34,071 18,107 28,750 61,419 128,341
Reverse repurchase agreements (12) 93,121 2,262 52,209 3,078 2,368 6,628 5,615 5,166 1,456 847 1,871 3,618 8,005
Deposits 1,808,112 37,640 1,267,891 40,234 17,485 54,452 49,681 67,688 12,292 9,594 23,599 43,901 183,655
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 1,668,383 37,623 1,128,398 40,203 17,482 54,320 49,671 67,659 12,292 9,593 23,598 43,897 183,646
U.S. Treasury, General Account 40,703 0 40,703 0 0 0 0 0 0 0 0 0 0
Foreign official 8,401 2 8,374 3 3 8 2 1 0 0 0 1 6
Other 90,625 15 90,416 28 0 124 7 28 0 0 1 3 3
Deferred availability cash items 1,640 0 0 0 0 0 1,523 0 0 117 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (13) 998 18 582 27 20 59 63 60 18 7 23 46 75
Other liabilities and accrued
dividends (14) 10,226 248 6,052 317 285 763 545 492 192 156 193 354 629

Total liabilities 3,041,820 78,317 1,732,913 85,947 71,967 154,167 203,180 153,994 48,030 28,828 54,436 109,337 320,704

Capital
Capital paid in 27,491 1,347 8,752 2,116 2,138 5,745 1,567 782 230 117 278 440 3,977
Surplus 27,491 1,347 8,752 2,116 2,138 5,745 1,567 782 230 117 278 440 3,977
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 3,096,802 81,011 1,750,417 90,180 76,244 165,657 206,314 155,559 48,490 29,062 54,992 110,218 328,658

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, February 20, 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
Feb 20, 2013

Federal Reserve notes outstanding 1,383,943
Less: Notes held by F.R. Banks not subject to collateralization 256,220
Federal Reserve notes to be collateralized 1,127,723
Collateral held against Federal Reserve notes 1,127,723
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,111,486
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,843,781
Less: Face value of securities under reverse repurchase agreements 83,639
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,760,142

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

1. Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright,
compensation to adjust for the effect of inflation on the original face value of inflation-indexed
securities, and cash value of repurchase agreements.
2. Includes securities lent to dealers under the overnight securities lending facility; refer to table
1A.

Statistical releases