FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                             January 12, 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 11, 2012
Federal Reserve Banks                                     Jan 11, 2012  Jan 4, 2012 Jan 12, 2011
 
Reserve Bank credit                                        2,882,890   -   17,829   +  450,534    2,881,644
  Securities held outright (1)                             2,594,818   -   10,321   +  411,460    2,593,519
    U.S. Treasury securities                               1,653,243   -   10,203   +  608,518    1,650,843
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                         1,557,831   -    9,123   +  587,540    1,554,407
      Notes and bonds, inflation-indexed (2)                  67,509   -      959   +   17,766       68,508
      Inflation compensation (3)                               9,480   -      121   +    3,211        9,505
    Federal agency debt securities (2)                       103,311   -      683   -   43,181      102,401
    Mortgage-backed securities (4)                           838,264   +      565   -  153,877      840,274
  Repurchase agreements (5)                                        0            0            0            0
  Loans                                                        8,837   -      295   -   35,606        8,628
    Primary credit                                                 5   -      101   -       18            8
    Secondary credit                                               0            0            0            0
    Seasonal credit                                                7   -       13   -        3            1
    Credit extended to American International
       Group, Inc., net (6)                                        0            0   -   19,925            0
    Term Asset-Backed Securities Loan Facility (7)             8,825   -      182   -   15,661        8,619
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Maiden Lane LLC (8)                7,240   +        8   -   19,769        7,246
  Net portfolio holdings of Maiden Lane II LLC (9)             9,143   -      118   -    6,800        9,145
  Net portfolio holdings of Maiden Lane III LLC (10)          17,799   +       50   -    5,414       17,866
  Net portfolio holdings of TALF LLC (11)                        811            0   +      146          811
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (6)                                              0            0   -   26,385            0
  Float                                                         -940   -       80   +      755       -1,008
  Central bank liquidity swaps (12)                           92,281   -    7,542   +   92,211       91,459
  Other Federal Reserve assets (13)                          152,901   +      469   +   39,936      153,979
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (14)                            44,278   +       14   +      659       44,278

Total factors supplying reserve funds                      2,943,409   -   17,814   +  451,193    2,942,163
 
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 11, 2012
Federal Reserve Banks                                     Jan 11, 2012  Jan 4, 2012 Jan 12, 2011
 
Currency in circulation (14)                               1,069,968   -    5,575   +   91,689    1,068,390
Reverse repurchase agreements (15)                            88,152   -    8,145   +   34,598       84,632
  Foreign official and international accounts                 88,152   -    8,145   +   34,598       84,632
  Others                                                           0            0            0            0
Treasury cash holdings                                           132   +        3   -       50          135
Deposits with F.R. Banks, other than reserve balances        141,410   -   10,655   -  156,000      133,818
  Term deposits held by depository institutions                    0            0            0            0
  U.S. Treasury, General Account                              78,263   -    8,795   -   10,844       66,067
  U.S. Treasury, Supplementary Financing Account                   0            0   -  199,963            0
  Foreign official                                               125            0   -    3,637          125
  Service-related                                              2,485            0   +      108        2,485
    Required clearing balances                                 2,485            0   +      108        2,485
    Adjustments to compensate for float                            0            0            0            0
  Other                                                       60,536   -    1,861   +   58,335       65,141
Funds from American International Group, Inc. asset
   dispositions, held as agent (6)                                 0            0   -   26,896            0
Other liabilities and capital (16)                            71,141   -    1,139   +    1,285       72,861

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,370,803   -   25,511   -   55,373    1,359,835

Reserve balances with Federal Reserve Banks                1,572,606   +    7,697   +  506,566    1,582,328
 
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 11, 2012
Memorandum item                                           Jan 11, 2012  Jan 4, 2012 Jan 12, 2011
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,397,718   -    7,480   +   47,245    3,389,891
  U.S. Treasury securities                                 2,668,819   -    4,748   +   52,677    2,663,058
  Federal agency securities (2)                              728,898   -    2,732   -    5,433      726,833
Securities lent to dealers                                     8,616   -    5,448   -    4,110        8,127
  Overnight facility (3)                                       8,616   -    5,448   -    4,110        8,127
    U.S. Treasury securities                                   7,730   -    5,153   -    3,703        7,163
    Federal agency debt securities                               886   -      294   -      407          964
 
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 11, 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)                                      8            2        4,224        4,394            0           ...        8,628
U.S. Treasury securities (2)
  Holdings                                20,689       21,808       77,964      642,585      655,779       232,019    1,650,843
  Weekly changes                      +    3,867   -    3,867   -    9,584   -    9,379   +    4,929    +    1,441   -   12,595
Federal agency debt securities (3)
  Holdings                                   903        5,020       20,117       60,181       13,833         2,347      102,401
  Weekly changes                      -    1,593            0   +      422   -      422            0             0   -    1,593
Mortgage-backed securities (4)
  Holdings                                     0            0            0           13           36       840,225      840,274
  Weekly changes                               0            0            0            0            0    +    2,535   +    2,535
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)           9,533       81,926            0            0            0             0       91,459

Reverse repurchase agreements (6)         84,632            0          ...          ...          ...           ...       84,632
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.

 
3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Jan 11, 2012 
 
Mortgage-backed securities held outright (1)                                                                             840,274

Commitments to buy mortgage-backed securities (2)                                                                         53,141
Commitments to sell mortgage-backed securities (2)                                                                         5,450

Cash and cash equivalents (3)                                                                                                 98
 
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 11, 2012 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                              7,246

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  4,104
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         756
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,387
 
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
   September 30, 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 11, 2012 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                           9,145

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)                                                         572
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                    1,107
 
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
   September 30, 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 11, 2012 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         17,866

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  9,134
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         696
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,547
 
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
   September 30, 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 11, 2012 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       811
Net portfolio holdings of TALF LLC                                                                                           811

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 11, 2012   Wednesday    Wednesday  
Assets, liabilities, and capital                                                       Jan 4, 2012 Jan 12, 2011
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,345    +       29   +      131
  Securities, repurchase agreements, and loans                           2,602,147    -   12,004   +  357,654
    Securities held outright (1)                                         2,593,519    -   11,652   +  392,986
      U.S. Treasury securities                                           1,650,843    -   12,595   +  588,782
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                     1,554,407    -   12,547   +  566,782
        Notes and bonds, inflation-indexed (2)                              68,508    +       40   +   18,765
        Inflation compensation (3)                                           9,505    -       88   +    3,234
      Federal agency debt securities (2)                                   102,401    -    1,593   -   43,930
      Mortgage-backed securities (4)                                       840,274    +    2,535   -  151,867
    Repurchase agreements (5)                                                    0             0            0
    Loans                                                                    8,628    -      352   -   35,331
  Net portfolio holdings of Maiden Lane LLC (6)                              7,246    +        7   -   19,760
  Net portfolio holdings of Maiden Lane II LLC (7)                           9,145    +        2   -    6,801
  Net portfolio holdings of Maiden Lane III LLC (8)                         17,866    +       78   -    5,413
  Net portfolio holdings of TALF LLC (9)                                       811             0   +      146
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (10)                                                           0             0   -   26,385
  Items in process of collection                             (86)              307    -      207   -      114
  Bank premises                                                              2,182             0   -       38
  Central bank liquidity swaps (11)                                         91,459    -    8,364   +   91,389
  Other assets (12)                                                        151,759    +    1,893   +   39,535

Total assets                                                 (86)        2,901,503    -   18,566   +  430,344
 
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 11, 2012   Wednesday    Wednesday  
Assets, liabilities, and capital                                                       Jan 4, 2012 Jan 12, 2011
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                       1,026,588    -    5,946   +   89,626
  Reverse repurchase agreements (13)                                        84,632    -    3,479   +   31,361
  Deposits                                                    (0)        1,716,108    -   10,876   +  334,195
    Term deposits held by depository institutions                                0             0            0
    Other deposits held by depository institutions                       1,584,775    +    3,226   +  486,934
    U.S. Treasury, General Account                                          66,067    -   20,964   -    9,502
    U.S. Treasury, Supplementary Financing Account                               0             0   -  199,963
    Foreign official                                                           125             0   -    3,623
    Other                                                     (0)           65,141    +    6,862   +   60,348
  Deferred availability cash items                           (86)            1,315    -    1,096   -      783
  Other liabilities and accrued dividends (14)                              19,060    +    2,830   -   24,802

Total liabilities                                            (86)        2,847,703    -   18,566   +  429,597

Capital accounts
  Capital paid in                                                           26,900             0   +      374
  Surplus                                                                   26,900             0   +      374
  Other capital accounts                                                         0             0            0

Total capital                                                               53,801    +        1   +      748
 
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 11, 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                                           2,345          53          84         161         174         416         209         344          37          60         176         244         386
  Securities, repurchase agreements,
     and loans                               2,602,147      63,765   1,214,716      88,844      70,056     299,525     192,813     154,017      49,088      39,863      68,990     102,574     257,896
    Securities held outright (1)             2,593,519      63,765   1,206,097      88,844      70,056     299,525     192,809     154,017      49,088      39,858      68,989     102,574     257,896
      U.S. Treasury securities               1,650,843      40,588     767,713      56,551      44,593     190,656     122,728      98,036      31,246      25,371      43,913      65,291     164,157
        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)                  1,632,421      40,135     759,146      55,920      44,095     188,528     121,358      96,942      30,897      25,088      43,423      64,562     162,325
      Federal agency debt securities (2)       102,401       2,518      47,621       3,508       2,766      11,826       7,613       6,081       1,938       1,574       2,724       4,050      10,183
      Mortgage-backed securities (4)           840,274      20,659     390,764      28,784      22,698      97,043      62,468      49,900      15,904      12,914      22,352      33,233      83,556
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Loans                                        8,628           0       8,619           0           0           0           4           0           0           4           1           0           0
  Net portfolio holdings of Maiden
     Lane LLC (6)                                7,246           0       7,246           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (7)                             9,145           0       9,145           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (8)                           17,866           0      17,866           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (9)           811           0         811           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                   392           9           0          55          59           5          59          25           6           8           7          23         136
  Bank premises                                  2,182         122         261          67         125         232         214         205         134         105         259         245         213
  Central bank liquidity swaps (11)             91,459       3,161      26,490       8,859       6,784      18,754       5,241       2,317         745       2,825         823       1,386      14,074
  Other assets (12)                            151,759       4,015      65,850       6,817       5,322      19,887      10,875       8,126       2,628       2,770       3,595       5,409      16,466
  Interdistrict settlement account                   0   -   5,926   + 331,445   -  26,673   -  12,198   - 120,083   -  44,890   -  14,851   -   7,222   -  18,560   -  18,824   -   2,008   -  60,209

Total assets                                 2,901,589      65,786   1,679,598      78,771      71,010     220,019     166,568     151,462      45,885      27,358      55,496     108,882     230,752
 
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 11, 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          1,208,778      44,294     431,513      46,115      54,351      94,604     143,978      89,236      33,882      21,003      34,615      80,151     135,036
    Less: Notes held by F.R. Banks             182,189       4,617      53,201       6,537       9,574      11,717      29,665      12,804       4,346       5,312       3,977      12,917      27,522
      Federal Reserve notes, net             1,026,588      39,677     378,311      39,579      44,777      82,887     114,313      76,432      29,536      15,691      30,638      67,234     107,514
  Reverse repurchase agreements (13)            84,632       2,081      39,357       2,899       2,286       9,774       6,292       5,026       1,602       1,301       2,251       3,347       8,416
  Deposits                                   1,716,108      21,835   1,230,332      31,188      19,513     115,231      42,130      67,935      14,044       9,635      21,776      36,942     105,547
    Term deposits held by depository
       institutions                                  0           0           0           0           0           0           0           0           0           0           0           0           0
    Other deposits held by depository
       institutions                          1,584,775      21,815   1,099,141      31,181      19,509     115,245      42,128      67,902      14,044       9,556      21,774      36,941     105,539
    U.S. Treasury, General Account              66,067           0      66,067           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          96           4           3           8           2           1           0           1           0           1           6
    Other                                       65,141          18      65,028           4           1         -22           0          31           0          77           1           1           1
  Deferred availability cash items               1,400          54           0         135         147          31          99          79          40         337          51         112         315
  Interest on Federal Reserve notes due
     to U.S. Treasury (14)                       1,307          29         681          20          17         116         103          90          28          18          40          60         105
  Other liabilities and accrued
     dividends (15)                             17,754         224      13,562         284         292         851         555         464         195         158         204         325         638

Total liabilities                            2,847,788      63,899   1,662,244      74,105      67,032     208,890     163,492     150,026      45,445      27,140      54,960     108,020     222,533

Capital
  Capital paid in                               26,900         943       8,677       2,333       1,989       5,564       1,538         718         220         109         268         431       4,109
  Surplus                                       26,900         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                2,901,589      65,786   1,679,598      78,771      71,010     220,019     166,568     151,462      45,885      27,358      55,496     108,882     230,752
 
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 11, 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 11, 2012 
 
Federal Reserve notes outstanding                                                          1,208,778
  Less: Notes held by F.R. Banks not subject to collateralization                            182,189
    Federal Reserve notes to be collateralized                                             1,026,588
Collateral held against Federal Reserve notes                                              1,026,588
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                 1,010,351
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,593,519
  Less: Face value of securities under reverse repurchase agreements                          72,991
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,520,528
 
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.