FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks August 2, 2012

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

 Aug 1, 2012 Week ended

 Aug 1, 2012

Change from week ended

Jul 25, 2012 Aug 3, 2011

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,833,359 - 10,916 - 16,148 2,833,857

Securities held outright1 2,593,814 - 13,347 - 55,271 2,593,801

U.S. Treasury securities 1,649,362 - 1,386 + 9,997 1,649,294

Bills2 0 - 5,938 - 18,423 0

Notes and bonds, nominal2 1,570,396 + 4,573 + 24,324 1,570,336

Notes and bonds, inflation-indexed2 69,086 0 + 3,565 69,086

Inflation compensation3 9,880 - 21 + 531 9,872

Federal agency debt securities2 91,029 0 - 21,406 91,029

Mortgage-backed securities4 853,423 - 11,961 - 43,862 853,478

Repurchase agreements5 0 0 0 0

Loans 3,701 - 129 - 8,261 3,653

Primary credit 32 + 15 + 22 4

Secondary credit 1 + 1 + 1 1

Seasonal credit 121 + 11 + 40 131

Term Asset-Backed Securities Loan Facility6 3,547 - 157 - 8,324 3,517

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 2,082 + 47 - 18,739 2,085

Net portfolio holdings of Maiden Lane II LLC8 61 + 37 - 10,118 61

Net portfolio holdings of Maiden Lane III LLC9 7,218 + 913 - 14,250 7,377

Net portfolio holdings of TALF LLC10 848 0 + 81 848

Float -670 - 72 + 415 -602

Central bank liquidity swaps11 31,022 + 3,790 + 31,022 31,022

Other Federal Reserve assets12 195,282 - 2,155 + 58,972 195,611

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding13 44,592 + 14 + 597 44,592

Total factors supplying reserve funds 2,894,192 - 10,903 - 15,550 2,894,690

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 1, 2012 Week ended

 Aug 1, 2012

Change from week ended

Jul 25, 2012 Aug 3, 2011

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation13 1,112,033 + 1,085 + 80,270 1,114,945

Reverse repurchase agreements14 89,881 + 4,975 + 20,069 89,806

Foreign official and international accounts 89,881 + 4,975 + 20,069 89,806

Others 0 0 0 0

Treasury cash holdings 121 + 3 + 5 123

Deposits with F.R. Banks, other than reserve balances 61,095 - 23,603 - 52,678 80,631

Term deposits held by depository institutions 3,040 0 - 2,048 3,040

U.S. Treasury, General Account 42,102 - 3,435 - 14,809 52,683

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

Foreign official 3,358 + 794 + 3,225 4,233

Service-related 0 0 - 2,490 0

Required clearing balances 0 0 - 2,490 0

Adjustments to compensate for float 0 0 0 0

Other 12,594 - 20,963 - 36,557 20,675

Other liabilities and capital15 69,244 - 278 - 93 68,187

Total factors, other than reserve balances,

absorbing reserve funds 1,332,373 - 17,819 + 47,573 1,353,691

Reserve balances with Federal Reserve Banks 1,561,819 + 6,917 - 63,124 1,540,999

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 1, 2012 Week ended

 Aug 1, 2012

Change from week ended

Jul 25, 2012 Aug 3, 2011

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,526,708 + 8,006 + 63,471 3,529,711

U.S. Treasury securities 2,835,363 + 8,420 + 106,476 2,838,597

Federal agency securities2 691,345 - 415 - 43,004 691,115

Securities lent to dealers 9,407 + 722 - 13,994 8,560

Overnight facility3 9,407 + 722 - 13,994 8,560

U.S. Treasury securities 8,680 + 804 - 13,529 7,884

Federal agency debt securities 726 - 83 - 466 676

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 1, 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 47 881 1,227 1,498 0 ... 3,653

U.S. Treasury securities2

Holdings 8,206 4,382 13,742 502,093 770,462 350,409 1,649,294

Weekly changes + 629 - 8,206 + 1,138 - 2,382 + 3,083 + 3,601 - 2,138

Federal agency debt securities3

Holdings 1,928 7,199 15,381 58,424 5,750 2,347 91,029

Weekly changes + 1,928 - 1,084 - 844 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 3 5 206 853,265 853,478

Weekly changes 0 0 + 1 0 + 12 + 104 + 116

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 18,285 12,737 0 0 0 0 31,022

Reverse repurchase agreements6 89,806 0 ... ... ... ... 89,806

Term deposits 3,040 0 0 ... ... ... 3,040

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 1, 2012 Account name

Mortgage-backed securities held outright1 853,478

Commitments to buy mortgage-backed securities2 37,797

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 42

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 1, 2012 Account name

Net portfolio holdings of Maiden Lane LLC1 2,085

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.3 706

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 1, 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 1, 2012 Account name

Net portfolio holdings of Maiden Lane III LLC1 7,377

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 1, 2012 Account name

Asset-backed securities holdings1 0

Other investments, net 848

Net portfolio holdings of TALF LLC 848

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 1, 2012

Change since

Wednesday

Jul 25, 2012

Wednesday

 Aug 3, 2011

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,120 + 10 - 66

Securities, repurchase agreements, and loans 2,597,454 - 2,062 - 65,149

Securities held outright1 2,593,801 - 2,022 - 56,837

U.S. Treasury securities 1,649,294 - 2,138 + 8,375

Bills2 0 - 5,938 - 18,423

Notes and bonds, nominal2 1,570,336 + 3,821 + 22,710

Notes and bonds, inflation-indexed2 69,086 0 + 3,565

Inflation compensation3 9,872 - 22 + 523

Federal agency debt securities2 91,029 0 - 21,406

Mortgage-backed securities4 853,478 + 116 - 43,807

Repurchase agreements5 0 0 0

Loans 3,653 - 40 - 8,312

Net portfolio holdings of Maiden Lane LLC6 2,085 + 4 - 18,735

Net portfolio holdings of Maiden Lane II LLC7 61 0 - 10,002

Net portfolio holdings of Maiden Lane III LLC8 7,377 + 222 - 14,134

Net portfolio holdings of TALF LLC9 848 0 + 81

Items in process of collection (65) 282 + 135 - 17

Bank premises 2,352 - 8 + 156

Central bank liquidity swaps10 31,022 + 3,790 + 31,022

Other assets11 193,259 + 2,207 + 58,900

Total assets (65) 2,853,097 + 4,297 - 17,944

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 1, 2012

Change since

Wednesday

Jul 25, 2012

Wednesday

 Aug 3, 2011

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,072,591 + 2,878 + 79,529

Reverse repurchase agreements12 89,806 + 2,305 + 21,183

Deposits (0) 1,621,630 - 514 - 116,841

Term deposits held by depository institutions 3,040 0 - 2,048

Other deposits held by depository institutions 1,540,999 - 26,868 - 106,868

U.S. Treasury, General Account 52,683 + 14,425 + 20,412

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

Foreign official 4,233 + 1,668 + 4,108

Other (0) 20,675 + 10,261 - 32,445

Deferred availability cash items (65) 884 + 86 - 661

Other liabilities and accrued dividends13 13,499 - 466 - 4,079

Total liabilities (65) 2,798,410 + 4,289 - 20,868

Capital accounts

Capital paid in 27,344 + 5 + 1,463

Surplus 27,344 + 5 + 1,463

Other capital accounts 0 0 0

Total capital 54,688 + 10 + 2,925

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 1, 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 2,120 38 85 142 148 383 202 313 35 Securities, repurchase agreements,

and loans 2,597,454 62,999 1,457,745 85,745 65,946 184,607 156,394 143,899 40,585 

Securities held outright1 2,593,801 62,999 1,454,226 85,745 65,946 184,605 156,388 143,893 40,552 

U.S. Treasury securities 1,649,294 40,058 924,684 54,522 41,932 117,383 99,441 91,496 25,785 

Bills2 0 0 0 0 0 0 0 0 0 Notes and bonds3 1,649,294 40,058 924,684 54,522 41,932 117,383 99,441 91,496 25,785 

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 853,478 20,729 478,506 28,214 21,699 60,743 51,459 47,347 13,343 

Repurchase agreements5 0 0 0 0 0 0 0 0 0 Loans 3,653 0 3,518 0 0 2 6 7 33 

Net portfolio holdings of Maiden

Lane LLC6 2,085 0 2,085 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 7,377 0 7,377 0 0 0 0 0 0 

Net portfolio holdings of TALF LLC9 848 0 848 0 0 0 0 0 0 

Items in process of collection 348 3 0 52 41 5 170 10 4 Bank premises 2,352 120 457 67 123 229 212 202 131 Central bank liquidity swaps10 31,022 1,088 10,007 2,691 2,293 6,417 1,774 828 254 Other assets11 193,259 4,996 101,981 7,751 6,144 17,320 11,618 9,990 2,881 Interdistrict settlement account 0 + 9,375 - 26,273 - 17,625 - 476 - 12,023 + 24,140 + 416 + 3,099 + 

Total assets 2,853,163 79,222 1,560,014 79,470 74,970 198,239 196,502 156,922 47,452 

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 1, 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 1,275,309 46,126 442,429 47,148 61,745 102,348 173,291 94,033 37,557 

Less: Notes held by F.R. Banks 202,718 4,996 78,038 5,434 8,650 12,541 28,568 12,847 4,341 

Federal Reserve notes, net 1,072,591 41,131 364,390 41,715 53,095 89,807 144,723 81,186 33,216 

Reverse repurchase agreements12 89,806 2,181 50,350 2,969 2,283 6,392 5,415 4,982 1,404 

Deposits 1,621,630 32,992 1,118,271 30,053 15,021 90,369 42,567 68,662 12,171 

Term deposits held by depository

institutions 3,040 5 1,904 623 0 115 8 5 0 

Other deposits held by depository

institutions 1,540,999 32,960 1,039,093 29,417 15,018 90,023 42,553 68,631 12,171 

U.S. Treasury, General Account 52,683 0 52,683 0 0 0 0 0 0 U.S. Treasury, Supplementary

Financing Account 0 0 0 0 0 0 0 0 0 

Foreign official 4,233 1 4,206 3 3 8 2 1 0 Other 20,675 25 20,384 10 0 223 4 25 0 

Deferred availability cash items 950 34 0 107 59 20 180 24 26 Interest on Federal Reserve notes due

to U.S. Treasury13 2,007 39 1,219 61 43 129 115 92 29 

Other liabilities and accrued

dividends14 11,492 185 8,329 238 227 575 402 370 158 

Total liabilities 2,798,475 76,562 1,542,560 75,143 70,729 187,291 193,401 155,316 47,004 Capital

Capital paid in 27,344 1,330 8,727 2,164 2,121 5,474 1,551 803 224 Surplus 27,344 1,330 8,727 2,164 2,121 5,474 1,551 803 224 Other capital 0 0 0 0 0 0 0 0 0 

Total liabilities and capital 2,853,163 79,222 1,560,014 79,470 74,970 198,239 196,502 156,922 47,452 

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 1, 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 1, 2012 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,275,309

Less: Notes held by F.R. Banks not subject to collateralization 202,718

Federal Reserve notes to be collateralized 1,072,591

Collateral held against Federal Reserve notes 1,072,591

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,056,354

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,593,801

Less: Face value of securities under reverse repurchase agreements 75,840

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,517,961

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.