FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                               March 29, 2012
 
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                         Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended   Change from week ended   Mar 28, 2012
Federal Reserve Banks                                     Mar 28, 2012 Mar 21, 2012 Mar 30, 2011
 
Reserve Bank credit                                        2,872,714   +    1,487   +  275,330    2,860,948
  Securities held outright (1)                             2,609,857   +      220   +  216,018    2,598,175
    U.S. Treasury securities                               1,667,941   +    5,464   +  344,708    1,664,911
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                         1,571,722   +    5,387   +  331,311    1,568,664
      Notes and bonds, inflation-indexed (2)                  68,667            0   +   11,018       68,667
      Inflation compensation (3)                               9,129   +       77   +    2,379        9,158
    Federal agency debt securities (2)                        96,837   -    2,155   -   35,658       96,478
    Mortgage-backed securities (4)                           845,079   -    3,089   -   93,032      836,786
  Repurchase agreements (5)                                        0            0            0            0
  Loans                                                        7,077   -      302   -   12,286        7,061
    Primary credit                                                 4   -        8   -        7            1
    Secondary credit                                               0            0            0            0
    Seasonal credit                                                5   -        1            0            3
    Term Asset-Backed Securities Loan Facility (6)             7,067   -      295   -   12,279        7,056
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Maiden Lane LLC (7)                5,422   +       51   -   20,167        5,417
  Net portfolio holdings of Maiden Lane II LLC (8)                19   -    1,157   -   15,887           19
  Net portfolio holdings of Maiden Lane III LLC (9)           17,450   +       14   -    5,470       17,455
  Net portfolio holdings of TALF LLC (10)                        831   +        5   +      113          831
  Float                                                         -835   +       13   +      332         -946
  Central bank liquidity swaps (11)                           65,069   -      524   +   65,069       65,068
  Other Federal Reserve assets (12)                          167,825   +    3,169   +   47,609      167,868
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (13)                            44,366   +       14   +      581       44,366

Total factors supplying reserve funds                      2,933,321   +    1,501   +  275,911    2,921,554
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                         Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended   Change from week ended   Mar 28, 2012
Federal Reserve Banks                                     Mar 28, 2012 Mar 21, 2012 Mar 30, 2011
 
Currency in circulation (13)                               1,096,554   +      412   +   93,182    1,098,319
Reverse repurchase agreements (14)                            85,084   -    8,886   +   20,904       83,227
  Foreign official and international accounts                 85,084   -    7,815   +   21,585       83,227
  Others                                                           0   -    1,071   -      681            0
Treasury cash holdings                                           159   -        4   -       53          150
Deposits with F.R. Banks, other than reserve balances        150,890   +    8,395   +   84,222      103,554
  Term deposits held by depository institutions                3,057   +    3,057   +    3,057        3,057
  U.S. Treasury, General Account                              84,043   -   18,445   +   25,528       68,452
  U.S. Treasury, Supplementary Financing Account                   0            0   -    5,000            0
  Foreign official                                               137   +        7   +       12          127
  Service-related                                              1,937   -       16   -      576        1,937
    Required clearing balances                                 1,937   -       16   -      576        1,937
    Adjustments to compensate for float                            0            0            0            0
  Other                                                       61,717   +   23,792   +   61,201       29,981
Other liabilities and capital (15)                            74,114   -    1,328   +    1,432       73,236

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,406,800   -    1,412   +  199,686    1,358,486

Reserve balances with Federal Reserve Banks                1,526,521   +    2,913   +   76,225    1,563,069
 
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
                                                                Averages of daily figures         Wednesday  
                                                           Week ended   Change from week ended   Mar 28, 2012
Memorandum item                                           Mar 28, 2012 Mar 21, 2012 Mar 30, 2011
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,474,148   -    3,110   +   66,535    3,474,615
  U.S. Treasury securities                                 2,740,870   +      289   +   98,743    2,740,634
  Federal agency securities (2)                              733,278   -    3,399   -   32,208      733,981
Securities lent to dealers                                    19,779   +      487   -      674       20,944
  Overnight facility (3)                                      19,779   +      487   -      674       20,944
    U.S. Treasury securities                                  19,062   +      481   -      249       20,232
    Federal agency debt securities                               717   +        6   -      426          712
 
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,     March 28, 2012
Millions of dollars
                                       Within 15    16 days to   91 days to  Over 1 year  Over 5 years    Over 10        All     
Remaining maturity                        days       90 days       1 year     to 5 years   to 10 years     years    
 
Loans (1)                                      5          570        4,387        2,099            0           ...        7,061
U.S. Treasury securities (2)
  Holdings                                14,488       30,546       52,099      574,954      711,708       281,117    1,664,911
  Weekly changes                      -    2,503   +    2,506   -    1,628   -    6,980   +    4,043    +    5,990   +    1,427
Federal agency debt securities (3)
  Holdings                                     0        4,994       19,061       59,094       10,982         2,347       96,478
  Weekly changes                      -    2,514   +      629   -      629            0            0             0   -    2,514
Mortgage-backed securities (4)
  Holdings                                     0            0            1           10           97       836,678      836,786
  Weekly changes                               0            0            0   -        1   -        2    -   14,472   -   14,474
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)          40,273       24,795            0            0            0             0       65,068

Reverse repurchase agreements (6)         83,227            0          ...          ...          ...           ...       83,227
Term deposits                                  0        3,057            0          ...          ...           ...        3,057
 
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
                                                                                                                        Wednesday   
Account name                                                                                                           Mar 28, 2012 
 
Mortgage-backed securities held outright (1)                                                                             836,786

Commitments to buy mortgage-backed securities (2)                                                                         43,724
Commitments to sell mortgage-backed securities (2)                                                                             0

Cash and cash equivalents (3)                                                                                                117
 
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
                                                                                                                        Wednesday   
Account name                                                                                                           Mar 28, 2012 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                              5,417

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  2,150
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         763
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,402
 
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, 2011. 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
                                                                                                                        Wednesday   
Account name                                                                                                           Mar 28, 2012 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                              19

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, 2011. 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
                                                                                                                        Wednesday   
Account name                                                                                                           Mar 28, 2012 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         17,455

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  8,271
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         721
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,585
 
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, 2011. 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
                                                                                                                        Wednesday   
Account name                                                                                                           Mar 28, 2012 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       831
Net portfolio holdings of TALF LLC                                                                                           831

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)                                        110
 
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 $4.3 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
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation   Mar 28, 2012   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Mar 21, 2012 Mar 30, 2011
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,319    -        8   +      137
  Securities, repurchase agreements, and loans                           2,605,236    -   15,800   +  182,888
    Securities held outright (1)                                         2,598,175    -   15,562   +  195,080
      U.S. Treasury securities                                           1,664,911    +    1,427   +  331,466
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                     1,568,664    +    1,350   +  319,440
        Notes and bonds, inflation-indexed (2)                              68,667             0   +    9,674
        Inflation compensation (3)                                           9,158    +       77   +    2,353
      Federal agency debt securities (2)                                    96,478    -    2,514   -   36,017
      Mortgage-backed securities (4)                                       836,786    -   14,474   -  100,369
    Repurchase agreements (5)                                                    0             0            0
    Loans                                                                    7,061    -      238   -   12,193
  Net portfolio holdings of Maiden Lane LLC (6)                              5,417    -        5   -   20,171
  Net portfolio holdings of Maiden Lane II LLC (7)                              19             0   -   15,922
  Net portfolio holdings of Maiden Lane III LLC (8)                         17,455    +        6   -    5,472
  Net portfolio holdings of TALF LLC (9)                                       831             0   +      113
  Items in process of collection                             (63)               36    -       88   -      115
  Bank premises                                                              2,383    -        2   +      164
  Central bank liquidity swaps (10)                                         65,068    -      525   +   65,068
  Other assets (11)                                                        165,461    +    1,892   +   47,184

Total assets                                                 (63)        2,880,463    -   14,528   +  253,874
 
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
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation   Mar 28, 2012   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Mar 21, 2012 Mar 30, 2011
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                       1,056,418    +      944   +   92,427
  Reverse repurchase agreements (12)                                        83,227    -    2,661   +   17,416
  Deposits                                                    (0)        1,666,599    -   12,923   +  143,211
    Term deposits held by depository institutions                            3,057    +    3,057   +    3,057
    Other deposits held by depository institutions                       1,564,982    +   20,353   +  106,817
    U.S. Treasury, General Account                                          68,452    -   18,720   +    9,251
    U.S. Treasury, Supplementary Financing Account                               0             0   -    5,000
    Foreign official                                                           127    -       17   -        4
    Other                                                     (0)           29,981    -   17,595   +   29,089
  Deferred availability cash items                           (63)              983    +       22   -      712
  Other liabilities and accrued dividends (13)                              18,802    -        9   -      321

Total liabilities                                            (63)        2,826,029    -   14,628   +  252,022

Capital accounts
  Capital paid in                                                           27,217    +       50   +      926
  Surplus                                                                   27,217    +       50   +      926
  Other capital accounts                                                         0             0            0

Total capital                                                               54,434    +      100   +    1,852
 
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
   securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
   remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 4 and the note on consolidation accompanying table 9.
7. Refer to table 5 and the note on consolidation accompanying table 9.
8. Refer to table 6 and the note on consolidation accompanying table 9.
9.  Refer to table 7 and the note on consolidation accompanying table 9.
10. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
    the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange
    rate used when the foreign currency was acquired from the foreign central bank.
11. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates
    and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to
    eligible borrowers through the Term Asset-Backed Securities Loan Facility.
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
    securities, and mortgage-backed securities.
13. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to
    entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to
    the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation
    accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S.
    Treasury.


 
9. Statement of Condition of Each Federal Reserve Bank,     March 28, 2012
Millions of dollars
                                               Total      Boston     New York   Philadelphia Cleveland   Richmond     Atlanta     Chicago    St. Louis  Minneapolis   Kansas      Dallas        San    
Assets, liabilities, and capital                                                                                                                                       City                  Francisco 
 
Assets
  Gold certificate account                      11,037         390       3,866         432         450         872       1,394         854         319         197         318         728       1,217
  Special drawing rights certificate acct.       5,200         196       1,818         210         237         412         654         424         150          90         153         282         574
  Coin                                           2,319          58         116         159         164         413         202         327          35          60         172         227         385
  Securities, repurchase agreements,
     and loans                               2,605,236      63,883   1,215,319      89,003      70,182     300,063     193,155     154,294      49,176      39,930      69,113     102,758     258,360
    Securities held outright (1)             2,598,175      63,880   1,208,263      89,003      70,182     300,063     193,155     154,294      49,176      39,930      69,113     102,758     258,359
      U.S. Treasury securities               1,664,911      40,934     774,255      57,033      44,973     192,280     123,774      98,872      31,512      25,587      44,287      65,847     165,556
        Bills (2)                               18,423         453       8,567         631         498       2,128       1,370       1,094         349         283         490         729       1,832
        Notes and bonds (3)                  1,646,489      40,481     765,688      56,402      44,475     190,153     122,404      97,777      31,163      25,304      43,797      65,119     163,724
      Federal agency debt securities (2)        96,478       2,372      44,866       3,305       2,606      11,142       7,172       5,729       1,826       1,483       2,566       3,816       9,594
      Mortgage-backed securities (4)           836,786      20,574     389,141      28,665      22,603      96,640      62,209      49,693      15,838      12,860      22,259      33,095      83,209
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Loans                                        7,061           3       7,056           0           0           0           0           0           0           0           0           0           1
  Net portfolio holdings of Maiden
     Lane LLC (6)                                5,417           0       5,417           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (7)                                19           0          19           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (8)                           17,455           0      17,455           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (9)           831           0         831           0           0           0           0           0           0           0           0           0           0
  Items in process of collection                    99           6           0          46          28           3         -58          16           4           7           4          11          32
  Bank premises                                  2,383         122         472          67         125         230         213         204         133         105         258         244         212
  Central bank liquidity swaps (10)             65,068       2,281      20,989       5,644       4,810      13,460       3,721       1,736         532         265         647       1,042       9,940
  Other assets (11)                            165,461       4,361      73,028       7,052       5,673      21,530      11,880       8,970       2,880       2,294       3,983       6,016      17,793
  Interdistrict settlement account                   0   +     730   + 230,294   +   8,486   -   5,652   - 121,296   -  33,937   -  10,507   -   7,363   -  13,598   -  14,901   +   2,073   -  34,330

Total assets                                 2,880,526      72,028   1,569,624     111,098      76,018     215,687     177,224     156,317      45,866      29,351      59,747     113,382     254,184
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
9. Statement of Condition of Each Federal Reserve Bank,     March 28, 2012 (continued)
Millions of dollars
                                               Total      Boston     New York   Philadelphia Cleveland   Richmond     Atlanta     Chicago    St. Louis  Minneapolis   Kansas      Dallas        San    
Assets, liabilities, and capital                                                                                                                                       City                  Francisco 
 
Liabilities
  Federal Reserve notes outstanding          1,233,752      43,820     436,308      48,243      59,875     102,629     143,727      92,815      33,314      22,696      36,813      78,776     134,736
    Less: Notes held by F.R. Banks             177,334       4,785      62,112       6,087       7,783      11,116      26,601      12,073       4,201       4,209       3,476      11,149      23,740
      Federal Reserve notes, net             1,056,418      39,034     374,196      42,156      52,091      91,513     117,126      80,742      29,113      18,487      33,337      67,627     110,995
  Reverse repurchase agreements (12)            83,227       2,046      38,704       2,851       2,248       9,612       6,187       4,942       1,575       1,279       2,214       3,292       8,276
  Deposits                                   1,666,599      28,064   1,125,305      61,244      17,030     102,590      50,027      68,609      14,512       8,935      23,396      41,185     125,705
    Term deposits held by depository
       institutions                              3,057          15       2,094         451           0          43           5           8           0          76           0           5         361
    Other deposits held by depository
       institutions                          1,564,982      28,048   1,024,803      60,779      17,026     102,465      50,019      68,567      14,511       8,858      23,394      41,178     125,332
    U.S. Treasury, General Account              68,452           0      68,452           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                               127           1         100           3           3           8           2           1           0           0           0           1           6
    Other                                       29,981           0      29,856          10           1          73           0          32           0           0           1           1           6
  Deferred availability cash items               1,046          36           0          90          97          18         194          28          23         251          30          64         216
  Interest on Federal Reserve notes due
     to U.S. Treasury (13)                       1,667         -10         805          71          58         227         126          41          29          24          44          63         190
  Other liabilities and accrued
     dividends (14)                             17,135         213      13,261         280         263         810         508         415         174         156         189         288         577

Total liabilities                            2,826,092      69,383   1,552,271     106,692      71,788     204,770     174,167     154,777      45,427      29,132      59,210     112,518     245,959

Capital
  Capital paid in                               27,217       1,323       8,677       2,203       2,115       5,458       1,528         770         220         110         269         432       4,113
  Surplus                                       27,217       1,323       8,677       2,203       2,115       5,458       1,528         770         220         110         269         432       4,113
  Other capital                                      0           0           0           0           0           0           0           0           0           0           0           0           0

Total liabilities and capital                2,880,526      72,028   1,569,624     111,098      76,018     215,687     177,224     156,317      45,866      29,351      59,747     113,382     254,184
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

9. Statement of Condition of Each Federal Reserve Bank,     March 28, 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
                                                                                            Wednesday   
Federal Reserve notes and collateral                                                       Mar 28, 2012 
 
Federal Reserve notes outstanding                                                          1,233,752
  Less: Notes held by F.R. Banks not subject to collateralization                            177,334
    Federal Reserve notes to be collateralized                                             1,056,418
Collateral held against Federal Reserve notes                                              1,056,418
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                 1,040,182
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,598,175
  Less: Face value of securities under reverse repurchase agreements                          73,071
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,525,104
 
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.