FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                              August 23, 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   Aug 22, 2012
Federal Reserve Banks                                     Aug 22, 2012 Aug 15, 2012 Aug 24, 2011
 
Reserve Bank credit                                        2,810,644   -   28,970   -   31,864    2,808,360
  Securities held outright (1)                             2,586,296   -   12,423   -   63,937    2,583,672
    U.S. Treasury securities                               1,640,377   -   11,969   -    7,479    1,637,152
      Bills (2)                                                    0            0   -   18,423            0
      Notes and bonds, nominal (2)                         1,559,941   -   12,163   +    5,854    1,556,726
      Notes and bonds, inflation-indexed (2)                  70,435   +      193   +    4,487       70,435
      Inflation compensation (3)                              10,001   +        2   +      602        9,991
    Federal agency debt securities (2)                        88,507   -      869   -   21,395       87,210
    Mortgage-backed securities (4)                           857,412   +      415   -   35,063      859,310
  Repurchase agreements (5)                                        0   -       86            0            0
  Loans                                                        3,413   -      227   -    8,348        2,847
    Primary credit                                                10   -       14   +        9            9
    Secondary credit                                               0            0            0            0
    Seasonal credit                                              144   +        2   +       44          143
    Term Asset-Backed Securities Loan Facility (6)             3,258   -      216   -    8,402        2,696
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Maiden Lane LLC (7)                1,868   -      186   -   16,310        1,869
  Net portfolio holdings of Maiden Lane II LLC (8)                61            0   -   10,008           61
  Net portfolio holdings of Maiden Lane III LLC (9)            1,478   -    4,514   -   19,838        1,554
  Net portfolio holdings of TALF LLC (10)                        849   +        1   +       75          851
  Float                                                         -644   +       11   +      301         -673
  Central bank liquidity swaps (11)                           26,484   -    3,521   +   25,984       26,484
  Other Federal Reserve assets (12)                          190,838   -    8,024   +   60,216      191,693
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (13)                            44,634   +       14   +      610       44,634

Total factors supplying reserve funds                      2,871,519   -   28,956   -   31,254    2,869,236
 
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   Aug 22, 2012
Federal Reserve Banks                                     Aug 22, 2012 Aug 15, 2012 Aug 24, 2011
 
Currency in circulation (13)                               1,116,634   +      161   +   84,151    1,118,108
Reverse repurchase agreements (14)                            93,276   +    1,527   -    3,235       93,713
  Foreign official and international accounts                 93,276   +    1,527   -    2,950       93,713
  Others                                                           0            0   -      286            0
Treasury cash holdings                                           129   +        1   +       13          127
Deposits with F.R. Banks, other than reserve balances         83,204   +   15,106   -   13,096       81,379
  Term deposits held by depository institutions                    0   -    3,040   -    5,088            0
  U.S. Treasury, General Account                              24,038   -    4,360   +    3,256       13,680
  U.S. Treasury, Supplementary Financing Account                   0            0            0            0
  Foreign official                                             5,087   -       82   +      895        5,083
  Service-related                                                  0            0   -    2,483            0
    Required clearing balances                                     0            0   -    2,483            0
    Adjustments to compensate for float                            0            0            0            0
  Other                                                       54,080   +   22,590   -    9,675       62,616
Other liabilities and capital (15)                            66,523   -    2,111   -    5,083       66,063

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,359,766   +   14,684   +   62,749    1,359,391

Reserve balances with Federal Reserve Banks                1,511,753   -   43,641   -   94,004    1,509,845
 
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   Aug 22, 2012
Memorandum item                                           Aug 22, 2012 Aug 15, 2012 Aug 24, 2011
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,563,130   +   17,209   +   72,040    3,565,409
  U.S. Treasury securities                                 2,868,188   +   14,857   +  111,241    2,867,023
  Federal agency securities (2)                              694,942   +    2,351   -   39,201      698,387
Securities lent to dealers                                     6,653   -    5,621   -    6,113        5,731
  Overnight facility (3)                                       6,653   -    5,621   -    6,113        5,731
    U.S. Treasury securities                                   6,054   -    5,593   -    6,100        5,074
    Federal agency debt securities                               599   -       28   -       13          657
 
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,    August 22, 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)                                    128          350          966        1,403            0           ...        2,847
U.S. Treasury securities (2)
  Holdings                                 3,556          828        4,812      497,998      773,527       356,431    1,637,152
  Weekly changes                      +    3,556   -    3,555   -        1   -   15,598   +    7,493    -    1,102   -    9,208
Federal agency debt securities (3)
  Holdings                                     0        7,133       14,364       58,956        4,410         2,347       87,210
  Weekly changes                      -    1,891   +    1,825   -    1,825   +    1,340   -    1,340             0   -    1,891
Mortgage-backed securities (4)
  Holdings                                     0            0            2            5          252       859,051      859,310
  Weekly changes                               0            0            0            0   +       36    +    5,120   +    5,155
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)           9,256       17,228            0            0            0             0       26,484

Reverse repurchase agreements (6)         93,713            0          ...          ...          ...           ...       93,713
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
                                                                                                                        Wednesday   
Account name                                                                                                           Aug 22, 2012 
 
Mortgage-backed securities held outright (1)                                                                             859,310

Commitments to buy mortgage-backed securities (2)                                                                         39,196
Commitments to sell mortgage-backed securities (2)                                                                             0

Cash and cash equivalents (3)                                                                                                102
 
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                                                                                                           Aug 22, 2012 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                              1,869

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)                                486
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
        June 30, 2012. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of
section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to
manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets.
Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses
of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to
JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.

 
5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Aug 22, 2012 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                              61

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                      0
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                           0
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                        0
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
        June 30, 2012. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of
   American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued
   interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table
   8 and table 9.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential
mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group,
Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred
payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.

 
6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Aug 22, 2012 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                          1,554

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                      0
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                           0
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                    0
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
        June 30, 2012. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector
collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written
credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the
related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to
AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.

 
7. Information on Principal Accounts of TALF LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Aug 22, 2012 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       851
Net portfolio holdings of TALF LLC                                                                                           851

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
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation   Aug 22, 2012   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Aug 15, 2012 Aug 24, 2011
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,158    +       15   -       44
  Securities, repurchase agreements, and loans                           2,586,520    -    6,703   -   75,743
    Securities held outright (1)                                         2,583,672    -    5,944   -   66,889
      U.S. Treasury securities                                           1,637,152    -    9,208   -   11,283
        Bills (2)                                                                0             0   -   18,423
        Notes and bonds, nominal (2)                                     1,556,726    -    9,181   +    2,054
        Notes and bonds, inflation-indexed (2)                              70,435             0   +    4,487
        Inflation compensation (3)                                           9,991    -       27   +      599
      Federal agency debt securities (2)                                    87,210    -    1,891   -   22,566
      Mortgage-backed securities (4)                                       859,310    +    5,155   -   33,040
    Repurchase agreements (5)                                                    0             0            0
    Loans                                                                    2,847    -      760   -    8,855
  Net portfolio holdings of Maiden Lane LLC (6)                              1,869    +        1   -   16,333
  Net portfolio holdings of Maiden Lane II LLC (7)                              61             0   -   10,010
  Net portfolio holdings of Maiden Lane III LLC (8)                          1,554    +       89   -   19,766
  Net portfolio holdings of TALF LLC (9)                                       851    +        3   +       76
  Items in process of collection                             (63)              147    +       21   -      120
  Bank premises                                                              2,356    +        2   +      157
  Central bank liquidity swaps (10)                                         26,484    -    3,521   +   25,984
  Other assets (11)                                                        189,340    +    2,421   +   60,223

Total assets                                                 (63)        2,827,577    -    7,672   -   35,578
 
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   Aug 22, 2012   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Aug 15, 2012 Aug 24, 2011
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                       1,075,754    +      537   +   84,143
  Reverse repurchase agreements (12)                                        93,713    +    3,029   -    5,806
  Deposits                                                    (0)        1,591,226    -   11,799   -  108,504
    Term deposits held by depository institutions                                0    -    3,040   -    5,088
    Other deposits held by depository institutions                       1,509,847    -   53,646   -  100,197
    U.S. Treasury, General Account                                          13,680    -    6,226   +    2,784
    U.S. Treasury, Supplementary Financing Account                               0             0            0
    Foreign official                                                         5,083    -      603   -      145
    Other                                                     (0)           62,616    +   51,717   -    5,859
  Deferred availability cash items                           (63)              821    -       13   -      577
  Other liabilities and accrued dividends (13)                              11,403    +      622   -    7,664

Total liabilities                                            (63)        2,772,917    -    7,624   -   38,408

Capital accounts
  Capital paid in                                                           27,330    -       24   +    1,415
  Surplus                                                                   27,330    -       24   +    1,415
  Other capital accounts                                                         0             0            0

Total capital                                                               54,660    -       48   +    2,830
 
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
   securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
   remaining principal balance of the underlying mortgages.
5. Cash value of agreements, 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,    August 22, 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         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                                           2,158          46          92         146         149         388         204         317          36          53         164         208         354
  Securities, repurchase agreements,
     and loans                               2,586,520      62,754   1,451,243      85,411      65,688     183,884     155,780     143,343      40,430      23,560      51,919     100,399     222,110
    Securities held outright (1)             2,583,672      62,753   1,448,547      85,411      65,688     183,884     155,778     143,331      40,393      23,488      51,907     100,389     222,104
      U.S. Treasury securities               1,637,152      39,763     917,877      54,121      41,624     116,518      98,709      90,822      25,595      14,883      32,891      63,612     140,737
        Bills (2)                                    0           0           0           0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                  1,637,152      39,763     917,877      54,121      41,624     116,518      98,709      90,822      25,595      14,883      32,891      63,612     140,737
      Federal agency debt securities (2)        87,210       2,118      48,895       2,883       2,217       6,207       5,258       4,838       1,363         793       1,752       3,389       7,497
      Mortgage-backed securities (4)           859,310      20,871     481,776      28,407      21,847      61,158      51,810      47,671      13,434       7,812      17,264      33,389      73,870
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Loans                                        2,847           2       2,696           0           0           0           3          12          36          72          12          10           6
  Net portfolio holdings of Maiden
     Lane LLC (6)                                1,869           0       1,869           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)                            1,554           0       1,554           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (9)           851           0         851           0           0           0           0           0           0           0           0           0           0
  Items in process of collection                   211           2           0          46          34           7          45          19           4           5           4           6          38
  Bank premises                                  2,356         121         457          67         123         230         212         204         131         104         254         241         211
  Central bank liquidity swaps (10)             26,484         928       8,543       2,297       1,958       5,478       1,514         707         217         108         263         424       4,046
  Other assets (11)                            189,340       4,896      99,697       7,741       6,040      17,035      11,364       9,762       2,793       1,642       3,564       6,863      17,943
  Interdistrict settlement account                   0   +   4,520   -   9,755   -  16,806   +   2,249   -  37,144   +  24,264   -   3,811   +   2,390   +   1,103   -   2,394   -   3,094   +  38,479

Total assets                                 2,827,640      73,871   1,560,255      79,549      76,993     171,179     195,376     151,803      46,464      26,857      54,243     106,054     284,997
 
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,    August 22, 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          1,286,137      45,899     447,867      47,417      61,489     102,027     174,312      94,208      37,416      22,648      36,496      79,586     136,772
    Less: Notes held by F.R. Banks             210,383       5,128      79,419       5,974       8,834      12,869      27,703      13,749       4,529       3,426       3,930      18,883      25,939
      Federal Reserve notes, net             1,075,754      40,771     368,448      41,443      52,655      89,158     146,609      80,459      32,888      19,222      32,566      60,703     110,833
  Reverse repurchase agreements (12)            93,713       2,276      52,541       3,098       2,383       6,670       5,650       5,199       1,465         852       1,883       3,641       8,056
  Deposits                                   1,591,226      27,884   1,114,736      30,255      17,346      63,601      39,305      64,035      11,440       6,263      19,006      40,401     156,951
    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                          1,509,847      27,878   1,033,572      30,236      17,343      63,460      39,298      64,008      11,440       6,263      19,005      40,400     156,944
    U.S. Treasury, General Account              13,680           0      13,680           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                             5,083           1       5,055           3           3           8           2           1           0           0           0           1           6
    Other                                       62,616           4      62,428          16           0         133           5          26           0           0           1           1           1
  Deferred availability cash items                 884          28          23          96          55          21         150          33          23         139          29          61         225
  Interest on Federal Reserve notes due
     to U.S. Treasury (13)                       2,013          49       1,087          71          56         155         122         133          32          16          39          77         176
  Other liabilities and accrued
     dividends (14)                              9,390         203       5,965         259         243         622         434         392         167         137         170         283         514

Total liabilities                            2,772,980      71,211   1,542,800      75,223      72,739     160,228     192,271     150,250      46,016      26,629      53,693     105,167     276,755

Capital
  Capital paid in                               27,330       1,330       8,727       2,163       2,127       5,476       1,552         776         224         114         275         444       4,121
  Surplus                                       27,330       1,330       8,727       2,163       2,127       5,476       1,552         776         224         114         275         444       4,121
  Other capital                                      0           0           0           0           0           0           0           0           0           0           0           0           0

Total liabilities and capital                2,827,640      73,871   1,560,255      79,549      76,993     171,179     195,376     151,803      46,464      26,857      54,243     106,054     284,997
 
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,    August 22, 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                                                       Aug 22, 2012 
 
Federal Reserve notes outstanding                                                          1,286,137
  Less: Notes held by F.R. Banks not subject to collateralization                            210,383
    Federal Reserve notes to be collateralized                                             1,075,754
Collateral held against Federal Reserve notes                                              1,075,754
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                 1,059,518
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,583,672
  Less: Face value of securities under reverse repurchase agreements                          80,813
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,502,859
 
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.