FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks August 30, 2012

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

Aug 29, 2012 Week ended

Aug 29, 2012

Change from week ended

Aug 22, 2012 Aug 31, 2011

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,803,639 - 7,005 - 32,135 2,795,420

Securities held outright1 2,578,185 - 8,111 - 66,322 2,570,220

U.S. Treasury securities 1,638,335 - 2,042 - 11,451 1,639,413

Bills2 0 0 - 18,423 0

Notes and bonds, nominal2 1,557,926 - 2,015 + 2,406 1,559,014

Notes and bonds, inflation-indexed2 70,435 0 + 4,058 70,435

Inflation compensation3 9,975 - 26 + 508 9,965

Federal agency debt securities2 87,210 - 1,297 - 22,566 87,210

Mortgage-backed securities4 852,640 - 4,772 - 32,305 843,597

Repurchase agreements5 0 0 0 0

Loans 2,596 - 817 - 9,102 2,420

Primary credit 32 + 22 + 25 51

Secondary credit 0 0 0 0

Seasonal credit 147 + 3 + 52 146

Term Asset-Backed Securities Loan Facility6 2,417 - 841 - 9,178 2,222

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,874 + 6 - 16,332 1,908

Net portfolio holdings of Maiden Lane II LLC8 61 0 - 10,016 61

Net portfolio holdings of Maiden Lane III LLC9 1,559 + 81 - 19,762 1,585

Net portfolio holdings of TALF LLC10 851 + 2 + 76 851

Float -601 + 43 + 327 -768

Central bank liquidity swaps11 25,683 - 801 + 25,683 25,683

Other Federal Reserve assets12 193,431 + 2,593 + 63,313 193,461

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding13 44,648 + 14 + 614 44,648

Total factors supplying reserve funds 2,864,529 - 6,990 - 31,520 2,856,309

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

Aug 29, 2012 Week ended

Aug 29, 2012

Change from week ended

Aug 22, 2012 Aug 31, 2011

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation13 1,119,124 + 2,490 + 85,088 1,123,554

Reverse repurchase agreements14 92,818 - 458 - 9,730 92,651

Foreign official and international accounts 92,818 - 458 - 9,730 92,651

Others 0 0 0 0

Treasury cash holdings 126 - 3 - 4 118

Deposits with F.R. Banks, other than reserve balances 83,057 - 147 + 6,634 42,722

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 25,194 + 1,156 + 4,874 25,021

U.S. Treasury, Supplementary Financing Account 0 0 0 0

Foreign official 5,090 + 3 + 987 5,084

Service-related 0 0 - 2,475 0

Required clearing balances 0 0 - 2,475 0

Adjustments to compensate for float 0 0 0 0

Other 52,772 - 1,308 + 3,246 12,616

Other liabilities and capital15 67,088 + 565 - 4,248 66,077

Total factors, other than reserve balances,

absorbing reserve funds 1,362,212 + 2,446 + 77,739 1,325,122

Reserve balances with Federal Reserve Banks 1,502,317 - 9,436 - 109,259 1,531,187

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

Aug 29, 2012 Week ended

Aug 29, 2012

Change from week ended

Aug 22, 2012 Aug 31, 2011

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,567,605 + 4,475 + 80,699 3,567,303

U.S. Treasury securities 2,867,877 - 311 + 113,577 2,866,324

Federal agency securities2 699,728 + 4,786 - 32,878 700,979

Securities lent to dealers 6,200 - 453 - 6,330 6,153

Overnight facility3 6,200 - 453 - 6,330 6,153

U.S. Treasury securities 5,574 - 480 - 6,438 5,527

Federal agency debt securities 626 + 27 + 108 626

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 29, 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 237 241 811 1,131 0 ... 2,420

U.S. Treasury securities2

Holdings 3,556 828 4,812 490,195 778,166 361,856 1,639,413

Weekly changes 0 0 0 - 7,803 + 4,639 + 5,425 + 2,261

Federal agency debt securities3

Holdings 0 7,927 13,570 58,956 4,410 2,347 87,210

Weekly changes 0 + 794 - 794 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 2 4 268 843,322 843,597

Weekly changes 0 0 0 - 1 + 16 - 15,729 - 15,713

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 18,396 7,287 0 0 0 0 25,683

Reverse repurchase agreements6 92,651 0 ... ... ... ... 92,651

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

Aug 29, 2012 Account name

Mortgage-backed securities held outright1 843,597

Commitments to buy mortgage-backed securities2 45,419

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 66

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

Aug 29, 2012 Account name

Net portfolio holdings of Maiden Lane LLC1 1,908

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.3 487

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

Aug 29, 2012 Account name

Net portfolio holdings of Maiden Lane II LLC1 61

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 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.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday

Aug 29, 2012 Account name

Net portfolio holdings of Maiden Lane III LLC1 1,585

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 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

Aug 29, 2012 Account name

Asset-backed securities holdings1 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 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 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.
H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Eliminations from

consolidation

Wednesday

Aug 29, 2012

Change since

Wednesday

Aug 22, 2012

Wednesday

Aug 31, 2011

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,150 - 8 - 51

Securities, repurchase agreements, and loans 2,572,640 - 13,880 - 85,900

Securities held outright1 2,570,220 - 13,452 - 76,614

U.S. Treasury securities 1,639,413 + 2,261 - 12,700

Bills2 0 0 - 18,423

Notes and bonds, nominal2 1,559,014 + 2,288 + 1,559

Notes and bonds, inflation-indexed2 70,435 0 + 3,681

Inflation compensation3 9,965 - 26 + 484

Federal agency debt securities2 87,210 0 - 22,566

Mortgage-backed securities4 843,597 - 15,713 - 41,348

Repurchase agreements5 0 0 0

Loans 2,420 - 427 - 9,286

Net portfolio holdings of Maiden Lane LLC6 1,908 + 39 - 16,322

Net portfolio holdings of Maiden Lane II LLC7 61 0 - 10,048

Net portfolio holdings of Maiden Lane III LLC8 1,585 + 31 - 19,742

Net portfolio holdings of TALF LLC9 851 0 + 76

Items in process of collection (195) 63 - 84 - 197

Bank premises 2,357 + 1 + 168

Central bank liquidity swaps10 25,683 - 801 + 25,683

Other assets11 191,104 + 1,764 + 63,579

Total assets (195) 2,814,638 - 12,939 - 42,756

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

Aug 29, 2012

Change since

Wednesday

Aug 22, 2012

Wednesday

Aug 31, 2011

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,081,169 + 5,415 + 85,113

Reverse repurchase agreements12 92,651 - 1,062 - 11,893

Deposits (108) 1,573,909 - 17,317 - 110,897

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 1,531,187 + 21,340 - 60,808

U.S. Treasury, General Account 25,021 + 11,341 - 17,460

U.S. Treasury, Supplementary Financing Account 0 0 0

Foreign official 5,084 + 1 + 2,409

Other (108) 12,616 - 50,000 - 35,038

Deferred availability cash items (87) 832 + 11 - 586

Other liabilities and accrued dividends13 11,408 + 5 - 7,272

Total liabilities (195) 2,759,969 - 12,948 - 45,535

Capital accounts

Capital paid in 27,334 + 4 + 1,389

Surplus 27,334 + 4 + 1,389

Other capital accounts 0 0 0

Total capital 54,669 + 9 + 2,779

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, August 29, 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 2,150 48 93 147 147 384 202 318 35 Securities, repurchase agreements,

and loans 2,572,640 62,427 1,443,227 84,966 65,346 182,926 155,005 142,598 40,218 

Securities held outright1 2,570,220 62,426 1,441,005 84,966 65,346 182,926 154,967 142,585 40,183 

U.S. Treasury securities 1,639,413 39,818 919,144 54,195 41,681 116,679 98,845 90,948 25,631 

Bills2 0 0 0 0 0 0 0 0 0 Notes and bonds3 1,639,413 39,818 919,144 54,195 41,681 116,679 98,845 90,948 25,631 

Federal agency debt securities2 87,210 2,118 48,895 2,883 2,217 6,207 5,258 4,838 1,363 

Mortgage-backed securities4 843,597 20,489 472,966 27,887 21,448 60,040 50,863 46,799 13,189 

Repurchase agreements5 0 0 0 0 0 0 0 0 0 Loans 2,420 1 2,222 0 0 0 38 13 35 

Net portfolio holdings of Maiden

Lane LLC6 1,908 0 1,908 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane II LLC7 61 0 61 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane III LLC8 1,585 0 1,585 0 0 0 0 0 0 

Net portfolio holdings of TALF LLC9 851 0 851 0 0 0 0 0 0 

Items in process of collection 258 2 0 51 23 6 81 16 3 Bank premises 2,357 121 459 67 123 229 213 204 131 Central bank liquidity swaps10 25,683 900 8,285 2,228 1,899 5,313 1,469 685 210 Other assets11 191,104 4,940 100,688 7,720 6,094 17,179 11,476 9,859 2,820 Interdistrict settlement account 0 + 5,407 - 12,001 - 17,099 - 1,095 - 29,190 + 25,588 - 6,130 + 2,265 + 

Total assets 2,814,833 74,449 1,550,798 78,726 73,288 178,148 196,024 148,812 46,145 

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, August 29, 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 1,289,255 45,866 449,410 47,510 61,432 102,083 174,295 94,416 37,369 

Less: Notes held by F.R. Banks 208,086 4,993 80,184 5,836 8,539 12,537 26,417 13,466 4,242 

Federal Reserve notes, net 1,081,169 40,873 369,226 41,673 52,893 89,546 147,879 80,950 33,128 

Reverse repurchase agreements12 92,651 2,250 51,945 3,063 2,356 6,594 5,586 5,140 1,449 

Deposits 1,574,017 28,396 1,104,898 29,256 13,452 70,266 38,749 60,674 10,916 

Term deposits held by depository

institutions 0 0 0 0 0 0 0 0 0 

Other deposits held by depository

institutions 1,531,187 28,393 1,062,375 29,237 13,449 70,142 38,634 60,647 10,916 

U.S. Treasury, General Account 25,021 0 25,021 0 0 0 0 0 0 U.S. Treasury, Supplementary

Financing Account 0 0 0 0 0 0 0 0 0 

Foreign official 5,084 1 5,057 3 3 8 2 1 0 Other 12,724 2 12,445 16 0 116 113 26 0 

Deferred availability cash items 919 28 0 90 41 20 172 27 21 Interest on Federal Reserve notes due

to U.S. Treasury13 1,840 42 1,053 64 51 141 102 93 25 

Other liabilities and accrued

dividends14 9,568 200 6,219 252 241 628 423 375 159 

Total liabilities 2,760,164 71,791 1,533,342 74,399 69,034 167,196 192,911 147,259 45,697 Capital

Capital paid in 27,334 1,329 8,728 2,163 2,127 5,476 1,556 776 224 Surplus 27,334 1,329 8,728 2,163 2,127 5,476 1,556 776 224 Other capital 0 0 0 0 0 0 0 0 0 

Total liabilities and capital 2,814,833 74,449 1,550,798 78,726 73,288 178,148 196,024 148,812 46,145 

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, August 29, 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

Aug 29, 2012 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,289,255

Less: Notes held by F.R. Banks not subject to collateralization 208,086

Federal Reserve notes to be collateralized 1,081,169

Collateral held against Federal Reserve notes 1,081,169

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,064,932

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,570,220

Less: Face value of securities under reverse repurchase agreements 79,205

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,491,015

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.