FEDERAL RESERVE statistical release

For release at

4:30 P.M. EDT

July 19, 2012

As stated in the press release on April 5, 2012, the Federal Reserve Board is in the process of

simplifying the administration of reserve requirements. The first steps in this process include

discontinuing as-of adjustments related to deposit revisions, replacing all other as-of adjustments

with direct compensation, and eliminating the contractual clearing balance program. As a result, the

Wednesday levels for line items "Required clearing balances" and "Adjustments to compensate for

float" will be reported as zero beginning with the July 19, 2012, release.
FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks July 19, 2012

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

Jul 18, 2012 Week ended

Jul 18, 2012

Change from week ended

Jul 11, 2012 Jul 20, 2011

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,857,227 + 8,166 + 2,371 2,842,008

Securities held outright1 2,612,597 + 2,120 - 38,839 2,602,738

U.S. Treasury securities 1,654,395 - 9,554 + 22,594 1,648,694

Bills2 8,356 - 6,285 - 10,067 8,356

Notes and bonds, nominal2 1,566,921 - 4,428 + 28,266 1,561,338

Notes and bonds, inflation-indexed2 69,172 + 1,068 + 3,651 69,086

Inflation compensation3 9,946 + 91 + 743 9,914

Federal agency debt securities2 91,289 - 195 - 23,338 91,029

Mortgage-backed securities4 866,913 + 11,869 - 38,095 863,015

Repurchase agreements5 0 0 0 0

Loans 4,624 + 32 - 7,880 4,568

Primary credit 65 + 57 + 59 23

Secondary credit 0 0 0 0

Seasonal credit 94 + 14 + 18 107

Term Asset-Backed Securities Loan Facility6 4,465 - 39 - 7,957 4,438

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 2,366 - 52 - 18,807 2,028

Net portfolio holdings of Maiden Lane II LLC8 18 0 - 11,436 18

Net portfolio holdings of Maiden Lane III LLC9 11,765 - 1,187 - 11,869 6,164

Net portfolio holdings of TALF LLC10 845 0 + 88 845

Float -649 + 100 + 426 -779

Central bank liquidity swaps11 30,552 + 844 + 30,552 30,552

Other Federal Reserve assets12 195,108 + 6,309 + 60,135 195,875

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding13 44,599 + 14 + 620 44,599

Total factors supplying reserve funds 2,918,067 + 8,180 + 2,991 2,902,848

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

Jul 18, 2012 Week ended

Jul 18, 2012

Change from week ended

Jul 11, 2012 Jul 20, 2011

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation13 1,113,126 - 4,043 + 84,802 1,112,601

Reverse repurchase agreements14 90,915 + 988 + 25,209 87,994

Foreign official and international accounts 90,915 + 988 + 25,209 87,994

Others 0 0 0 0

Treasury cash holdings 116 - 1 - 37 117

Deposits with F.R. Banks, other than reserve balances 98,797 - 14,851 - 12,556 93,296

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 63,021 - 23,379 - 27,698 58,670

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

Foreign official 2,568 + 576 + 2,426 2,576

Service-related 0 - 1,892 - 2,530 0

Required clearing balances 0 - 1,892 - 2,530 0

Adjustments to compensate for float 0 0 0 0

Other 33,207 + 9,844 + 20,245 32,050

Other liabilities and capital15 75,203 + 189 + 2,725 68,151

Total factors, other than reserve balances,

absorbing reserve funds 1,378,158 - 17,717 + 100,144 1,362,159

Reserve balances with Federal Reserve Banks 1,539,909 + 25,898 - 97,153 1,540,689

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

Jul 18, 2012 Week ended

Jul 18, 2012

Change from week ended

Jul 11, 2012 Jul 20, 2011

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,515,368 + 1,685 + 61,423 3,515,248

U.S. Treasury securities 2,821,917 + 5,633 + 102,028 2,822,728

Federal agency securities2 693,451 - 3,948 - 40,605 692,521

Securities lent to dealers 11,458 - 1,519 - 2,953 10,553

Overnight facility3 11,458 - 1,519 - 2,953 10,553

U.S. Treasury securities 10,720 - 1,537 - 3,088 9,803

Federal agency debt securities 738 + 19 + 135 750

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, July 18, 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 111 1,501 1,392 1,564 0 ... 4,568

U.S. Treasury securities2

Holdings 9,995 12,588 12,604 512,408 757,892 343,207 1,648,694

Weekly changes - 4,840 - 1,639 + 1 - 14,661 + 3,563 + 3,634 - 13,943

Federal agency debt securities3

Holdings 0 8,283 16,225 58,424 5,750 2,347 91,029

Weekly changes - 455 + 659 + 2,000 - 2,659 0 0 - 455

Mortgage-backed securities4

Holdings 0 0 2 6 159 862,849 863,015

Weekly changes 0 0 0 0 + 38 + 7,924 + 7,961

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 10,342 20,210 0 0 0 0 30,552

Reverse repurchase agreements6 87,994 0 ... ... ... ... 87,994

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

Jul 18, 2012 Account name

Mortgage-backed securities held outright1 863,015

Commitments to buy mortgage-backed securities2 30,102

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 237

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

Jul 18, 2012 Account name

Net portfolio holdings of Maiden Lane LLC1 2,028

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.3 704

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

Jul 18, 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

Jul 18, 2012 Account name

Net portfolio holdings of Maiden Lane III LLC1 6,164

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 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

Jul 18, 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 $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

Jul 18, 2012

Change since

Wednesday

Jul 11, 2012

Wednesday

Jul 20, 2011

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,103 + 6 - 64

Securities, repurchase agreements, and loans 2,607,306 - 6,460 - 57,536

Securities held outright1 2,602,738 - 6,437 - 49,573

U.S. Treasury securities 1,648,694 - 13,943 + 14,601

Bills2 8,356 - 6,285 - 10,067

Notes and bonds, nominal2 1,561,338 - 7,443 + 20,421

Notes and bonds, inflation-indexed2 69,086 - 151 + 3,565

Inflation compensation3 9,914 - 64 + 682

Federal agency debt securities2 91,029 - 455 - 23,007

Mortgage-backed securities4 863,015 + 7,961 - 41,167

Repurchase agreements5 0 0 0

Loans 4,568 - 22 - 7,963

Net portfolio holdings of Maiden Lane LLC6 2,028 - 395 - 18,716

Net portfolio holdings of Maiden Lane II LLC7 18 0 - 11,443

Net portfolio holdings of Maiden Lane III LLC8 6,164 - 6,823 - 17,354

Net portfolio holdings of TALF LLC9 845 0 + 88

Items in process of collection (64) 149 + 25 - 115

Bank premises 2,359 + 1 + 158

Central bank liquidity swaps10 30,552 + 844 + 30,552

Other assets11 190,114 + 2,291 + 57,095

Total assets (64) 2,857,874 - 10,513 - 17,337

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

Jul 18, 2012

Change since

Wednesday

Jul 11, 2012

Wednesday

Jul 20, 2011

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,070,218 - 3,514 + 82,594

Reverse repurchase agreements12 87,994 - 1,695 + 23,299

Deposits (0) 1,630,583 + 349 - 119,234

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 1,537,287 + 9,731 - 89,910

U.S. Treasury, General Account 58,670 - 16,617 - 37,752

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

Foreign official 2,576 + 10 + 2,398

Other (0) 32,050 + 7,225 + 11,030

Deferred availability cash items (64) 928 - 27 - 389

Other liabilities and accrued dividends13 13,474 - 5,630 - 6,611

Total liabilities (64) 2,803,198 - 10,515 - 20,340

Capital accounts

Capital paid in 27,338 + 1 + 1,502

Surplus 27,338 + 1 + 1,502

Other capital accounts 0 0 0

Total capital 54,676 + 2 + 3,003

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, July 18, 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 2,103 40 84 144 146 380 196 311 34 Securities, repurchase agreements,

and loans 2,607,306 63,216 1,463,675 86,041 66,173 185,241 156,943 144,399 40,718 

Securities held outright1 2,602,738 63,216 1,459,237 86,041 66,173 185,241 156,927 144,389 40,691 

U.S. Treasury securities 1,648,694 40,044 924,347 54,502 41,917 117,340 99,405 91,462 25,776 

Bills2 8,356 203 4,685 276 212 595 504 464 131 Notes and bonds3 1,640,338 39,841 919,663 54,226 41,705 116,745 98,901 90,999 25,645 

Federal agency debt securities2 91,029 2,211 51,036 3,009 2,314 6,479 5,488 5,050 1,423 

Mortgage-backed securities4 863,015 20,961 483,853 28,529 21,942 61,422 52,034 47,876 13,492 

Repurchase agreements5 0 0 0 0 0 0 0 0 0 Loans 4,568 0 4,438 0 0 0 16 11 27 

Net portfolio holdings of Maiden

Lane LLC6 2,028 0 2,028 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 6,164 0 6,164 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 213 3 0 46 29 3 57 13 6 Bank premises 2,359 122 459 67 123 230 212 203 132 Central bank liquidity swaps10 30,552 1,071 9,855 2,650 2,259 6,320 1,747 815 250 Other assets11 190,114 4,918 100,233 7,641 6,056 17,082 11,416 9,813 2,826 Interdistrict settlement account 0 + 8,034 + 15,271 - 18,087 - 2,393 - 19,006 + 15,227 + 593 + 2,283 + 

Total assets 2,857,938 78,006 1,604,273 79,149 73,145 191,551 187,789 157,410 46,712 

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, July 18, 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 1,268,145 46,216 440,963 47,165 61,260 101,941 167,885 93,905 37,638 

Less: Notes held by F.R. Banks 197,927 4,868 76,368 5,446 7,866 12,466 28,305 12,923 4,282 

Federal Reserve notes, net 1,070,218 41,349 364,595 41,719 53,395 89,475 139,580 80,982 33,356 

Reverse repurchase agreements12 87,994 2,137 49,334 2,909 2,237 6,263 5,305 4,882 1,376 

Deposits 1,630,583 31,590 1,163,575 29,774 12,936 84,123 39,103 69,430 11,264 

Term deposits held by depository

institutions 0 0 0 0 0 0 0 0 0 

Other deposits held by depository

institutions 1,537,287 31,586 1,070,409 29,767 12,933 84,053 39,096 69,403 11,263 

U.S. Treasury, General Account 58,670 0 58,670 0 0 0 0 0 0 U.S. Treasury, Supplementary

Financing Account 0 0 0 0 0 0 0 0 0 

Foreign official 2,576 1 2,549 3 3 8 2 1 0 Other 32,050 3 31,947 4 0 62 5 25 0 

Deferred availability cash items 992 31 0 104 50 17 159 26 76 Interest on Federal Reserve notes due

to U.S. Treasury13 1,754 37 987 64 50 141 105 89 25 

Other liabilities and accrued

dividends14 11,720 202 8,328 253 235 597 436 398 170 

Total liabilities 2,803,262 75,346 1,586,820 74,822 68,903 180,614 184,688 155,806 46,265 Capital

Capital paid in 27,338 1,330 8,727 2,164 2,121 5,468 1,551 802 223 Surplus 27,338 1,330 8,727 2,164 2,121 5,468 1,551 802 223 Other capital 0 0 0 0 0 0 0 0 0 

Total liabilities and capital 2,857,938 78,006 1,604,273 79,149 73,145 191,551 187,789 157,410 46,712 

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, July 18, 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

Jul 18, 2012 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,268,145

Less: Notes held by F.R. Banks not subject to collateralization 197,927

Federal Reserve notes to be collateralized 1,070,218

Collateral held against Federal Reserve notes 1,070,218

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,053,981

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,602,738

Less: Face value of securities under reverse repurchase agreements 74,160

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,528,578

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.