FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks June 28, 2012

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

Jun 27, 2012 Week ended

Jun 27, 2012

Change from week ended

Jun 20, 2012 Jun 29, 2011

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,854,264 + 4,588 + 11,108 2,846,331

Securities held outright1 2,620,927 - 245 - 15,638 2,612,993

U.S. Treasury securities 1,666,768 + 1,077 + 59,768 1,666,530

Bills2 18,423 0 0 18,423

Notes and bonds, nominal2 1,570,616 + 152 + 56,277 1,570,357

Notes and bonds, inflation-indexed2 67,915 + 769 + 2,619 67,915

Inflation compensation3 9,815 + 157 + 872 9,835

Federal agency debt securities2 91,484 - 702 - 26,100 91,484

Mortgage-backed securities4 862,674 - 621 - 49,306 854,979

Repurchase agreements5 0 0 0 0

Loans 4,898 - 443 - 8,077 4,858

Primary credit 27 + 1 + 9 18

Secondary credit 0 0 0 0

Seasonal credit 69 + 5 + 18 66

Term Asset-Backed Securities Loan Facility6 4,802 - 449 - 8,104 4,773

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 2,475 - 235 - 21,344 2,423

Net portfolio holdings of Maiden Lane II LLC8 18 - 1 - 12,496 18

Net portfolio holdings of Maiden Lane III LLC9 12,303 + 290 - 11,936 12,590

Net portfolio holdings of TALF LLC10 845 + 4 + 88 845

Float -652 + 72 + 387 -790

Central bank liquidity swaps11 27,059 + 2,844 + 27,059 27,059

Other Federal Reserve assets12 186,392 + 2,302 + 53,065 186,334

Gold stock 11,041 0 0 11,041

Special drawing rights certificate account 5,200 0 0 5,200

Treasury currency outstanding13 44,557 + 14 + 612 44,557

Total factors supplying reserve funds 2,915,062 + 4,602 + 11,719 2,907,129

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

1. Factors Affecting Reserve Balances of Depository Institutions (continued)

Millions of dollars

Averages of daily figures Wednesday

Jun 27, 2012 Week ended

Jun 27, 2012

Change from week ended

Jun 20, 2012 Jun 29, 2011

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation13 1,108,160 - 24 + 84,205 1,110,227

Reverse repurchase agreements14 84,091 + 249 + 18,764 83,737

Foreign official and international accounts 84,091 + 249 + 18,764 83,737

Others 0 0 0 0

Treasury cash holdings 120 - 14 - 10 117

Deposits with F.R. Banks, other than reserve balances 186,328 + 41,070 + 64,370 148,923

Term deposits held by depository institutions 0 0 - 5,087 0

U.S. Treasury, General Account 129,149 + 14,403 + 21,166 117,923

U.S. Treasury, Supplementary Financing Account 0 0 - 5,000 0

Foreign official 1,655 + 81 + 1,466 1,578

Service-related 1,896 - 1 - 638 1,896

Required clearing balances 1,896 - 1 - 638 1,896

Adjustments to compensate for float 0 0 0 0

Other 53,628 + 26,586 + 52,462 27,526

Other liabilities and capital15 75,171 - 1,321 + 594 74,074

Total factors, other than reserve balances,

absorbing reserve funds 1,453,870 + 39,959 + 167,922 1,417,077

Reserve balances with Federal Reserve Banks 1,461,191 - 35,358 - 156,204 1,490,052

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.
H.4.1

1A. Memorandum Items

Millions of dollars

Averages of daily figures Wednesday

Jun 27, 2012 Week ended

Jun 27, 2012

Change from week ended

Jun 20, 2012 Jun 29, 2011

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,509,604 + 1,428 + 64,602 3,505,377

U.S. Treasury securities 2,811,912 + 11,972 + 105,224 2,806,883

Federal agency securities2 697,692 - 10,544 - 40,621 698,493

Securities lent to dealers 13,575 + 2,328 - 15,952 11,664

Overnight facility3 13,575 + 2,328 - 15,952 11,664

U.S. Treasury securities 12,878 + 2,296 - 15,961 10,962

Federal agency debt securities 697 + 32 + 9 702

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, June 27, 2012

Millions of dollars

Within 15

days

16 days to

90 days

91 days to

1 year

Over 1 year

to 5 years

Over 5 years

to 10 years

Over 10

years

Remaining maturity All

Loans1 75 1,565 1,554 1,664 0 ... 4,858

U.S. Treasury securities2

Holdings 17,015 16,014 21,354 524,628 754,623 332,895 1,666,530

Weekly changes + 3,867 - 3,867 0 - 8,360 + 9,450 + 1,863 + 2,953

Federal agency debt securities3

Holdings 0 6,907 13,919 62,561 5,750 2,347 91,484

Weekly changes 0 + 2,521 - 2,521 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 2 6 118 854,853 854,979

Weekly changes 0 0 0 - 1 - 2 - 13,057 - 13,059

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

Repurchase agreements6 0 0 ... ... ... ... 0

Central bank liquidity swaps7 1,650 25,409 0 0 0 0 27,059

Reverse repurchase agreements6 83,737 0 ... ... ... ... 83,737

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.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Wednesday

Jun 27, 2012 Account name

Mortgage-backed securities held outright1 854,979

Commitments to buy mortgage-backed securities2 31,002

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 92

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

Jun 27, 2012 Account name

Net portfolio holdings of Maiden Lane LLC1 2,423

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 0

Accrued interest payable to the Federal Reserve Bank of New York2 0

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 1,100

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 March 31, 2012. Any assets purchased after

this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with

consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in

table 8 and table 9.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3)

of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets

through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from

the proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest

due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the

FRBNY.

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Wednesday

Jun 27, 2012 Account name

Net portfolio holdings of Maiden Lane II LLC1 18

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 0

Accrued interest payable to the Federal Reserve Bank of New York2 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 March 31, 2012. Any assets purchased after

this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with

consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American

International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are

included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority

of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the

U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II

LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane II LLC, principal due to

the FRBNY, interest due to the FRBNY, and deferred payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the

FRBNY and AIG subsidiaries.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday

Jun 27, 2012 Account name

Net portfolio holdings of Maiden Lane III LLC1 12,590

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 0

Accrued interest payable to the Federal Reserve Bank of New York2 0

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 5,553

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 March 31, 2012. Any assets purchased after

this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with

consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in

table 8 and table 9.

Note: On 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

Jun 27, 2012 Account name

Asset-backed securities holdings1 0

Other investments, net 845

Net portfolio holdings of TALF LLC 845

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 0

Accrued interest payable to the Federal Reserve Bank of New York2 0

Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable3 111

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.
H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Eliminations from

consolidation

Wednesday

Jun 27, 2012

Change since

Wednesday

Jun 20, 2012

Wednesday

Jun 29, 2011

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,135 - 1 + 21

Securities, repurchase agreements, and loans 2,617,851 - 10,671 - 37,611

Securities held outright1 2,612,993 - 10,106 - 29,624

U.S. Treasury securities 1,666,530 + 2,953 + 49,470

Bills2 18,423 0 0

Notes and bonds, nominal2 1,570,357 + 2,898 + 45,999

Notes and bonds, inflation-indexed2 67,915 0 + 2,619

Inflation compensation3 9,835 + 55 + 851

Federal agency debt securities2 91,484 0 - 25,220

Mortgage-backed securities4 854,979 - 13,059 - 53,874

Repurchase agreements5 0 0 0

Loans 4,858 - 565 - 7,987

Net portfolio holdings of Maiden Lane LLC6 2,423 - 60 - 21,426

Net portfolio holdings of Maiden Lane II LLC7 18 0 - 12,520

Net portfolio holdings of Maiden Lane III LLC8 12,590 + 335 - 11,654

Net portfolio holdings of TALF LLC9 845 + 4 + 88

Items in process of collection (59) 166 - 53 - 72

Bank premises 2,364 + 1 + 154

Central bank liquidity swaps10 27,059 + 2,844 + 27,059

Other assets11 184,010 + 259 + 52,492

Total assets (59) 2,865,698 - 7,341 - 3,469

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)

Millions of dollars

Eliminations from

consolidation

Wednesday

Jun 27, 2012

Change since

Wednesday

Jun 20, 2012

Wednesday

Jun 29, 2011

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,067,917 + 1,159 + 82,129

Reverse repurchase agreements12 83,737 - 371 + 17,130

Deposits (0) 1,639,014 - 6,619 - 102,686

Term deposits held by depository institutions 0 0 - 5,087

Other deposits held by depository institutions 1,491,988 + 30,268 - 130,407

U.S. Treasury, General Account 117,923 - 21,957 + 12,341

U.S. Treasury, Supplementary Financing Account 0 0 - 5,000

Foreign official 1,578 + 3 + 1,452

Other (0) 27,526 - 14,933 + 24,015

Deferred availability cash items (59) 956 + 75 - 522

Other liabilities and accrued dividends13 19,405 - 1,585 - 1,214

Total liabilities (59) 2,811,029 - 7,341 - 5,164

Capital accounts

Capital paid in 27,334 0 + 847

Surplus 27,334 0 + 847

Other capital accounts 0 0 0

Total capital 54,669 0 + 1,695

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.
H.4.1

9. Statement of Condition of Each Federal Reserve Bank, June 27, 2012Millions of dollars

Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minn

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 408 3,824 437 515 890 1,337 839 313 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 Coin 2,135 40 91 150 148 383 199 314 36 Securities, repurchase agreements,

and loans 2,617,851 63,468 1,469,762 86,380 66,434 185,970 157,548 144,961 40,862 

Securities held outright1 2,612,993 63,465 1,464,986 86,380 66,434 185,970 157,545 144,958 40,852 

U.S. Treasury securities 1,666,530 40,477 934,347 55,092 42,370 118,609 100,480 92,452 26,055 

Bills2 18,423 447 10,329 609 468 1,311 1,111 1,022 288 Notes and bonds3 1,648,107 40,029 924,019 54,483 41,902 117,298 99,369 91,430 25,767 

Federal agency debt securities2 91,484 2,222 51,291 3,024 2,326 6,511 5,516 5,075 1,430 

Mortgage-backed securities4 854,979 20,766 479,348 28,264 21,737 60,850 51,549 47,431 13,367 

Repurchase agreements5 0 0 0 0 0 0 0 0 0 Loans 4,858 4 4,775 0 0 0 3 4 10 

Net portfolio holdings of Maiden

Lane LLC6 2,423 0 2,423 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane II LLC7 18 0 18 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane III LLC8 12,590 0 12,590 0 0 0 0 0 0 

Net portfolio holdings of TALF LLC9 845 0 845 0 0 0 0 0 0 

Items in process of collection 224 3 0 57 34 3 43 12 6 Bank premises 2,364 121 461 67 124 229 213 203 132 Central bank liquidity swaps10 27,059 949 8,729 2,347 2,000 5,597 1,547 722 221 Other assets11 184,010 4,767 96,807 7,440 5,902 16,645 11,051 9,473 2,721 Interdistrict settlement account 0 + 950 + 8,034 - 18,744 - 2,575 - 5,303 + 9,040 + 573 + 1,848 + 

Total assets 2,865,757 70,901 1,605,401 78,344 72,819 204,828 181,632 157,520 46,289 

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

9. Statement of Condition of Each Federal Reserve Bank, June 27, 2012 (continued)Millions of dollars

Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minn

Assets, liabilities, and capital

Liabilities

Federal Reserve notes outstanding 1,258,078 46,497 436,877 47,492 61,457 101,585 160,695 94,359 37,757 

Less: Notes held by F.R. Banks 190,161 5,016 71,849 5,666 7,778 12,397 27,459 12,852 4,291 

Federal Reserve notes, net 1,067,917 41,481 365,029 41,826 53,678 89,189 133,236 81,507 33,466 

Reverse repurchase agreements12 83,737 2,034 46,948 2,768 2,129 5,960 5,049 4,645 1,309 

Deposits 1,639,014 24,459 1,160,791 29,001 12,415 97,942 39,592 69,261 10,798 

Term deposits held by depository

institutions 0 0 0 0 0 0 0 0 0 

Other deposits held by depository

institutions 1,491,988 24,438 1,013,946 28,992 12,412 97,837 39,586 69,235 10,797 

U.S. Treasury, General Account 117,923 0 117,923 0 0 0 0 0 0 U.S. Treasury, Supplementary

Financing Account 0 0 0 0 0 0 0 0 0 

Foreign official 1,578 1 1,550 3 3 8 2 1 0 Other 27,526 19 27,372 6 0 97 4 25 0 

Deferred availability cash items 1,014 30 0 96 54 20 113 23 83 Interest on Federal Reserve notes due

to U.S. Treasury13 1,238 23 839 19 13 31 68 67 19 

Other liabilities and accrued

dividends14 18,167 230 14,341 306 289 737 472 413 168 

Total liabilities 2,811,088 68,257 1,587,947 74,016 68,577 193,878 178,530 155,915 45,843 Capital

Capital paid in 27,334 1,322 8,727 2,164 2,121 5,475 1,551 802 223 Surplus 27,334 1,322 8,727 2,164 2,121 5,475 1,551 802 223 Other capital 0 0 0 0 0 0 0 0 0 

Total liabilities and capital 2,865,757 70,901 1,605,401 78,344 72,819 204,828 181,632 157,520 46,289 

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

9. Statement of Condition of Each Federal Reserve Bank, June 27, 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 securitie4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mort5. 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 centr

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 

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 

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 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 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 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 Y

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 Resewas 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 multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contractwas extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio 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 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 FacilitThe 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 respoTALF 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 Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNcondition 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 (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 LLCsin this table (and table 1 and table 8).
H.4.1

10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents’ Accounts

Millions of dollars

Wednesday

Jun 27, 2012 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,258,078

Less: Notes held by F.R. Banks not subject to collateralization 190,161

Federal Reserve notes to be collateralized 1,067,917

Collateral held against Federal Reserve notes 1,067,917

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,051,680

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,612,993

Less: Face value of securities under reverse repurchase agreements 71,782

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,541,211

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.