For release at
4:30 P.M. EDT
January 26, 2012

The weekly average values, shown in table 1, reflect the December 31, 2011, quarterly updates to the
fair values of the net portfolio holdings of Maiden Lane LLC, Maiden Lane II LLC, and Maiden
Lane III LLC, and the fair value adjustment of the Term Asset-Backed Securities Loan Facility, or
TALF, which is included in "Other Federal Reserve assets."  The amounts for the first six days of
this reporting week are based on the values as of September 30, 2011, and the amounts for the last
day of the reporting week are based on the values as of December 31, 2011.


FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                             January 26, 2012
 
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                         Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended   Change from week ended   Jan 25, 2012
Federal Reserve Banks                                     Jan 25, 2012 Jan 18, 2012 Jan 26, 2011
 
Reserve Bank credit                                        2,905,283   +    1,522   +  485,868    2,902,205
  Securities held outright (1)                             2,601,791   -      396   +  385,052    2,598,650
    U.S. Treasury securities                               1,653,915   +    6,636   +  557,513    1,661,529
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                         1,557,618   +    6,732   +  536,057    1,565,237
      Notes and bonds, inflation-indexed (2)                  68,418   -       64   +   18,046       68,418
      Inflation compensation (3)                               9,456   -       32   +    3,409        9,451
    Federal agency debt securities (2)                       101,498   -      532   -   43,306      101,498
    Mortgage-backed securities (4)                           846,377   -    6,501   -  129,156      835,624
  Repurchase agreements (5)                                        0            0            0            0
  Loans                                                        8,435   -      163   -   15,138        8,180
    Primary credit                                                 5   +        1   -       34            7
    Secondary credit                                               0            0            0            0
    Seasonal credit                                                6   +        4   -        4            7
    Credit extended to American International
       Group, Inc., net (6)                                        0            0            0            0
    Term Asset-Backed Securities Loan Facility (7)             8,423   -      169   -   15,101        8,166
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Maiden Lane LLC (8)                7,001   -      170   -   19,398        6,948
  Net portfolio holdings of Maiden Lane II LLC (9)             9,201   +       55   -    6,758        9,508
  Net portfolio holdings of Maiden Lane III LLC (10)          17,645   -      153   -    4,785       17,718
  Net portfolio holdings of TALF LLC (11)                        814   +        3   +      140          819
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (6)                                              0            0            0            0
  Float                                                         -806   +      110   +      794         -814
  Central bank liquidity swaps (12)                          103,209   -       57   +  103,139      103,171
  Other Federal Reserve assets (13)                          157,994   +    2,294   +   42,823      158,027
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (14)                            44,291   +       14   +      620       44,291

Total factors supplying reserve funds                      2,965,815   +    1,537   +  486,488    2,962,737
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                         Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended   Change from week ended   Jan 25, 2012
Federal Reserve Banks                                     Jan 25, 2012 Jan 18, 2012 Jan 26, 2011
 
Currency in circulation (14)                               1,065,556   -    2,404   +   89,477    1,066,416
Reverse repurchase agreements (15)                            91,500   +    7,073   +   38,901       88,715
  Foreign official and international accounts                 91,500   +    7,073   +   38,901       88,715
  Others                                                           0            0            0            0
Treasury cash holdings                                           145   +        8   -       55          143
Deposits with F.R. Banks, other than reserve balances        206,545   +   60,177   -   93,532      158,797
  Term deposits held by depository institutions                3,079            0   +    3,079        3,079
  U.S. Treasury, General Account                             111,236   +   33,167   +   19,532      111,938
  U.S. Treasury, Supplementary Financing Account                   0            0   -  199,962            0
  Foreign official                                               147   -        5   -    5,140          125
  Service-related                                              1,979   -        1   -      383        1,979
    Required clearing balances                                 1,979   -        1   -      383        1,979
    Adjustments to compensate for float                            0            0            0            0
  Other                                                       90,104   +   27,015   +   89,342       41,675
Funds from American International Group, Inc. asset
   dispositions, held as agent (6)                                 0            0            0            0
Other liabilities and capital (16)                            72,314   +      407   -        7       71,401

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,436,061   +   65,263   +   34,785    1,385,471

Reserve balances with Federal Reserve Banks                1,529,754   -   63,726   +  451,703    1,577,266
 
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. As a result of the closing of the American International Group, Inc. (AIG) recapitalization plan on
   January 14, 2011, the credit extended to AIG was fully repaid and the Federal Reserve's commitment to lend
   any further funds was terminated. In addition, the Federal Reserve Bank of New York (FRBNY) has been paid
   in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. The funds from AIG asset
   dispositions that FRBNY held as agent were the source of repayment of the credit extended to AIG, as well
   as a portion of the FRBNY's preferred interests in ALICO Holdings LLC. The remaining FRBNY preferred
   interests in ALICO Holdings LLC and AIA Aurora LLC, valued at approximately $20 billion, were purchased by
   AIG through a draw on the Treasury's Series F preferred stock commitment and then transferred by AIG to
   the Treasury as consideration for the draw on the available Series F funds.
7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term
   Asset-Backed Securities Loan Facility.
8. Refer to table 4 and the note on consolidation accompanying table 9.
9.  Refer to table 5 and the note on consolidation accompanying table 9.
10. Refer to table 6 and the note on consolidation accompanying table 9.
11. Refer to table 7 and the note on consolidation accompanying table 9.
12. 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.
13. 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. Before the closing of the AIG recapitalization plan on
    January 14, 2011, included accrued dividends on the FRBNY's preferred interests in AIA Aurora LLC and
    ALICO Holdings LLC.
14. Estimated.
15. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
    securities, and mortgage-backed securities.
16. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to
    entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only
    to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation
    accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S.
    Treasury. Refer to table 8 and table 9.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.

 
1A. Memorandum Items
Millions of dollars
                                                                Averages of daily figures         Wednesday  
                                                           Week ended   Change from week ended   Jan 25, 2012
Memorandum item                                           Jan 25, 2012 Jan 18, 2012 Jan 26, 2011
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,406,096   +   14,443   +   55,079    3,406,980
  U.S. Treasury securities                                 2,679,667   +   14,779   +   76,598    2,678,780
  Federal agency securities (2)                              726,429   -      336   -   21,519      728,200
Securities lent to dealers                                    12,785   +    2,212   -      656       14,132
  Overnight facility (3)                                      12,785   +    2,212   -      656       14,132
    U.S. Treasury securities                                  11,830   +    2,180   +      141       13,104
    Federal agency debt securities                               955   +       32   -      796        1,028
 
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,   January 25, 2012
Millions of dollars
                                       Within 15    16 days to   91 days to  Over 1 year  Over 5 years    Over 10        All     
Remaining maturity                        days       90 days       1 year     to 5 years   to 10 years     years    
 
Loans (1)                                     14           10        4,480        3,676            0           ...        8,180
U.S. Treasury securities (2)
  Holdings                                16,786       33,029       66,892      629,346      673,510       241,966    1,661,529
  Weekly changes                      +    2,156   -    2,157   -        1   -    8,742   +   14,506    +    4,261   +   10,023
Federal agency debt securities (3)
  Holdings                                     0        6,927       19,460       58,931       13,833         2,347      101,498
  Weekly changes                               0   +      629   -      629            0            0             0            0
Mortgage-backed securities (4)
  Holdings                                     0            0            0           12           72       835,539      835,624
  Weekly changes                               0            0            0   -        1   +        5    -   11,814   -   11,810
Asset-backed securities held by
   TALF LLC (5)                                0            0            0            0            0             0            0
Repurchase agreements (6)                      0            0          ...          ...          ...           ...            0
Central bank liquidity swaps (7)           9,084       94,087            0            0            0             0      103,171

Reverse repurchase agreements (6)         88,715            0          ...          ...          ...           ...       88,715
Term deposits                              3,079            0            0          ...          ...           ...        3,079
 
Note: Components may not sum to totals because of rounding.
. . . Not applicable.

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III
   LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation
   under generally accepted accounting principles.
2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of
   inflation on the original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal
   balance of the underlying mortgages.
5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.
6. Cash value of agreements.
7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency
   is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was
   acquired from the foreign central bank.

 
3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Jan 25, 2012 
 
Mortgage-backed securities held outright (1)                                                                             835,624

Commitments to buy mortgage-backed securities (2)                                                                         37,367
Commitments to sell mortgage-backed securities (2)                                                                             0

Cash and cash equivalents (3)                                                                                                192
 
1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal
   balance of the underlying mortgages.
2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls,
   and coupon swaps.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8 and table 9.

 
4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Jan 25, 2012 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                              6,948

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  3,812
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         758
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,390
 
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
    December 31, 2011. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of
section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to
manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets.
Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses
of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to
JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.

 
5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Jan 25, 2012 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                           9,508

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  6,084
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         575
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                    1,109
 
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
    December 31, 2011. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of
   American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued
   interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table
   8 and table 9.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential
mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group,
Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred
payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.

 
6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Jan 25, 2012 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         17,718

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  8,890
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         700
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,554
 
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
    December 31, 2011. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector
collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written
credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the
related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to
AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.

 
7. Information on Principal Accounts of TALF LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Jan 25, 2012 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       819
Net portfolio holdings of TALF LLC                                                                                           819

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                      0
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                           0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3)                                        110
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF)
under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New
York (FRBNY) extends loans with a term of up to five years to holders of eligible asset-backed securities. The TALF is intended to
assist financial markets in accommodating the credit needs of consumers and businesses by facilitating the issuance of asset-backed
securities collateralized by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are
non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The loans
are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial
risk of a decline in the value of the security.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in
connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed
securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest.
Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF
LLC, by the interest received on investments of TALF LLC, by up to $4.3 billion in subordinated debt funding provided by the U.S.
Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio
holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S.
Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the
U.S. Treasury.

 
8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation   Jan 25, 2012   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Jan 18, 2012 Jan 26, 2011
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,413    +       43   +       95
  Securities, repurchase agreements, and loans                           2,606,830    -    2,204   +  359,422
    Securities held outright (1)                                         2,598,650    -    1,788   +  374,501
      U.S. Treasury securities                                           1,661,529    +   10,023   +  547,081
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                     1,565,237    +   10,037   +  525,633
        Notes and bonds, inflation-indexed (2)                              68,418             0   +   18,046
        Inflation compensation (3)                                           9,451    -       15   +    3,402
      Federal agency debt securities (2)                                   101,498             0   -   43,126
      Mortgage-backed securities (4)                                       835,624    -   11,810   -  129,453
    Repurchase agreements (5)                                                    0             0            0
    Loans                                                                    8,180    -      416   -   15,079
  Net portfolio holdings of Maiden Lane LLC (6)                              6,948    -       62   -   19,483
  Net portfolio holdings of Maiden Lane II LLC (7)                           9,508    +      358   -    6,494
  Net portfolio holdings of Maiden Lane III LLC (8)                         17,718    +       85   -    4,719
  Net portfolio holdings of TALF LLC (9)                                       819    +        8   +      133
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (10)                                                           0             0            0
  Items in process of collection                            (122)              202    -      189   -      150
  Bank premises                                                              2,183    +        1   -       38
  Central bank liquidity swaps (11)                                        103,171    -       95   +  103,101
  Other assets (12)                                                        155,841    +    2,173   +   43,244

Total assets                                                (122)        2,921,869    +      118   +  475,109
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation   Jan 25, 2012   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Jan 18, 2012 Jan 26, 2011
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                       1,024,676    -    1,446   +   89,334
  Reverse repurchase agreements (13)                                        88,715    -    2,378   +   36,095
  Deposits                                                    (0)        1,736,060    +    4,909   +  349,583
    Term deposits held by depository institutions                            3,079             0   +    3,079
    Other deposits held by depository institutions                       1,579,243    +   33,784   +  492,916
    U.S. Treasury, General Account                                         111,938    +    3,735   +   17,752
    U.S. Treasury, Supplementary Financing Account                               0             0   -  199,962
    Foreign official                                                           125    -        1   -    5,024
    Other                                                     (0)           41,675    -   32,610   +   40,821
  Deferred availability cash items                          (122)            1,016    -      951   -      800
  Other liabilities and accrued dividends (14)                              17,600    -       17   +      159

Total liabilities                                           (122)        2,868,068    +      118   +  474,371

Capital accounts
  Capital paid in                                                           26,901             0   +      369
  Surplus                                                                   26,901             0   +      369
  Other capital accounts                                                         0             0            0

Total capital                                                               53,801             0   +      738
 
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. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank
    of New York has been paid in full for its	preferred interests in AIA Aurora LLC and ALICO Holdings LLC. A
    portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were
    held as agent by the Federal Reserve.
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 Federal Reserve Bank of New York (FRBNY) to
    eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG
    recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY's preferred interests in
    AIA Aurora LLC and ALICO Holdings LLC.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
    securities, and mortgage-backed securities.
14. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to
    entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to
    the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation
    accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S.
    Treasury. Before the closing of the AIG recapitalization plan on January 14, 2011, included funds from
    American International Group, Inc. asset dispositions, held as agent.


 
9. Statement of Condition of Each Federal Reserve Bank,   January 25, 2012
Millions of dollars
                                               Total      Boston     New York   Philadelphia Cleveland   Richmond     Atlanta     Chicago    St. Louis  Minneapolis   Kansas      Dallas        San    
Assets, liabilities, and capital                                                                                                                                       City                  Francisco 
 
Assets
  Gold certificate account                      11,037         390       3,866         432         450         872       1,394         854         319         197         318         728       1,217
  Special drawing rights certificate acct.       5,200         196       1,818         210         237         412         654         424         150          90         153         282         574
  Coin                                           2,413          56          96         162         180         425         216         350          42          62         180         250         395
  Securities, repurchase agreements,
     and loans                               2,606,830      63,892   1,216,650      89,020      70,195     300,118     193,190     154,322      49,185      39,945      69,130     102,777     258,406
    Securities held outright (1)             2,598,650      63,892   1,208,484      89,020      70,195     300,118     193,190     154,322      49,185      39,937      69,125     102,777     258,406
      U.S. Treasury securities               1,661,529      40,851     772,682      56,917      44,881     191,890     123,522      98,671      31,448      25,535      44,198      65,714     165,220
        Bills (2)                               18,423         453       8,567         631         498       2,128       1,370       1,094         349         283         490         729       1,832
        Notes and bonds (3)                  1,643,106      40,398     764,115      56,286      44,384     189,762     122,153      97,577      31,099      25,252      43,707      64,985     163,388
      Federal agency debt securities (2)       101,498       2,495      47,201       3,477       2,742      11,722       7,546       6,028       1,921       1,560       2,700       4,014      10,093
      Mortgage-backed securities (4)           835,624      20,545     388,601      28,625      22,572      96,506      62,122      49,624      15,816      12,842      22,228      33,049      83,093
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Loans                                        8,180           0       8,166           0           0           0           0           0           0           8           5           0           0
  Net portfolio holdings of Maiden
     Lane LLC (6)                                6,948           0       6,948           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (7)                             9,508           0       9,508           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (8)                           17,718           0      17,718           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (9)           819           0         819           0           0           0           0           0           0           0           0           0           0
  Preferred interests in AIA Aurora LLC
     and ALICO Holdings LLC (10)                     0           0           0           0           0           0           0           0           0           0           0           0           0
  Items in process of collection                   324           8           0          77          72           5          67          14           6           8           5          18          44
  Bank premises                                  2,183         123         261          67         125         232         214         205         134         105         259         245         213
  Central bank liquidity swaps (11)            103,171       3,565      29,882       9,993       7,653      21,156       5,912       2,614         841       3,187         929       1,563      15,876
  Other assets (12)                            155,841       4,121      67,697       6,970       5,439      20,379      11,163       8,356       2,701       2,837       3,700       5,599      16,877
  Interdistrict settlement account                   0   -   2,933   + 367,926   -  29,732   -  13,742   - 148,835   -  46,391   -  14,077   -   8,522   -  19,937   -  18,604   -   6,079   -  59,072

Total assets                                 2,921,991      69,418   1,723,189      77,198      70,609     194,762     166,419     153,062      44,856      26,493      56,069     105,384     234,531
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
9. Statement of Condition of Each Federal Reserve Bank,   January 25, 2012 (continued)
Millions of dollars
                                               Total      Boston     New York   Philadelphia Cleveland   Richmond     Atlanta     Chicago    St. Louis  Minneapolis   Kansas      Dallas        San    
Assets, liabilities, and capital                                                                                                                                       City                  Francisco 
 
Liabilities
  Federal Reserve notes outstanding          1,211,377      44,154     435,038      45,817      55,321      94,483     144,059      88,725      33,796      21,002      34,457      79,775     134,749
    Less: Notes held by F.R. Banks             186,701       5,088      54,813       6,708      10,001      12,508      28,617      13,418       4,530       5,460       4,131      12,976      28,451
      Federal Reserve notes, net             1,024,676      39,066     380,225      39,109      45,320      81,974     115,442      75,308      29,267      15,542      30,327      66,799     106,298
  Reverse repurchase agreements (13)            88,715       2,181      41,256       3,039       2,396      10,246       6,595       5,268       1,679       1,363       2,360       3,509       8,822
  Deposits                                   1,736,060      26,023   1,270,662      29,976      18,533      90,611      40,635      70,576      13,257       9,009      22,610      33,825     110,343
    Term deposits held by depository
       institutions                              3,079          20         621         617          47       1,010           5         364           3          65         251           5          72
    Other deposits held by depository
       institutions                          1,579,243      25,988   1,116,425      29,349      18,482      89,554      40,627      70,181      13,254       8,942      22,358      33,819     110,263
    U.S. Treasury, General Account             111,938           0     111,938           0           0           0           0           0           0           0           0           0           0
    U.S. Treasury, Supplementary
       Financing Account                             0           0           0           0           0           0           0           0           0           0           0           0           0
    Foreign official                               125           1          97           4           3           8           2           1           0           1           0           1           6
    Other                                       41,675          14      41,581           7           1          38           0          30           0           1           1           1           1
  Deferred availability cash items               1,138          45           0         135         108          23         160          41          29         208          45          88         256
  Interest on Federal Reserve notes due
     to U.S. Treasury (14)                       1,596          39         857          45          59         145         102          71          27          13          36          51         151
  Other liabilities and accrued
     dividends (15)                             16,004         178      12,834         226         217         635         410         362         156         139         156         250         442

Total liabilities                            2,868,190      67,531   1,705,834      72,532      66,631     183,634     163,343     151,626      44,415      26,274      55,534     104,522     226,312

Capital
  Capital paid in                               26,901         943       8,677       2,333       1,989       5,564       1,538         718         220         109         268         431       4,109
  Surplus                                       26,901         943       8,677       2,333       1,989       5,564       1,538         718         220         109         268         431       4,109
  Other capital                                      0           0           0           0           0           0           0           0           0           0           0           0           0

Total liabilities and capital                2,921,991      69,418   1,723,189      77,198      70,609     194,762     166,419     153,062      44,856      26,493      56,069     105,384     234,531
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

9. Statement of Condition of Each Federal Reserve Bank,   January 25, 2012 (continued)
1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 4 and the note on consolidation below.
7. Refer to table 5 and the note on consolidation below.
8. Refer to table 6 and the note on consolidation below.
9.  Refer to table 7 and the note on consolidation below.
10. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank of New York has been paid in full for its preferred interests in AIA Aurora LLC and ALICO
    Holdings LLC. A portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were held as agent by the Federal Reserve.
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 Federal Reserve Bank of New York
    (FRBNY) to eligible	borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on January 14, 2011, included accrued dividends on the
    FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
14. Represents the estimated weekly remittances to U.S Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to
    capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the
    Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which
    requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the
    amount necessary to equate surplus with capital paid-in.
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 below. Before the closing of the AIG recapitalization plan on January 14,
    2011, included funds from American International Group, Inc. asset dispositions, held as agent.


Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was
extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector
collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan was extended to
Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc.
On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in
connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.

The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial
activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual
losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the
preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs
appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of
the LLCs, are included in other liabilities in this table (and table 1 and table 8).

 
10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
                                                                                            Wednesday   
Federal Reserve notes and collateral                                                       Jan 25, 2012 
 
Federal Reserve notes outstanding                                                          1,211,377
  Less: Notes held by F.R. Banks not subject to collateralization                            186,701
    Federal Reserve notes to be collateralized                                             1,024,676
Collateral held against Federal Reserve notes                                              1,024,676
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                 1,008,439
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,598,650
  Less: Face value of securities under reverse repurchase agreements                          76,696
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,521,954
 
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.