FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks May 3, 2012

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

 May 2, 2012 Week ended

 May 2, 2012

Change from week ended

Apr 25, 2012 May 4, 2011

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,845,858 - 14,577 + 158,992 2,846,985

Securities held outright1 2,609,268 - 13,422 + 131,855 2,610,021

U.S. Treasury securities 1,666,892 - 152 + 241,618 1,667,630

Bills2 18,423 0 0 18,423

Notes and bonds, nominal2 1,571,813 - 419 + 230,022 1,572,264

Notes and bonds, inflation-indexed2 67,420 + 184 + 9,355 67,666

Inflation compensation3 9,236 + 82 + 2,241 9,277

Federal agency debt securities2 94,571 - 90 - 30,547 94,571

Mortgage-backed securities4 847,805 - 13,180 - 79,216 847,820

Repurchase agreements5 0 0 0 0

Loans 6,628 + 2 - 9,980 6,801

Primary credit 83 + 75 + 72 300

Secondary credit 0 0 - 1 0

Seasonal credit 14 + 3 + 2 24

Term Asset-Backed Securities Loan Facility6 6,531 - 77 - 10,053 6,477

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 4,176 + 118 - 20,595 4,183

Net portfolio holdings of Maiden Lane II LLC8 19 0 - 16,069 19

Net portfolio holdings of Maiden Lane III LLC9 19,975 + 2,320 - 4,598 20,207

Net portfolio holdings of TALF LLC10 836 + 1 + 103 836

Float -864 - 258 + 220 -851

Central bank liquidity swaps11 27,951 - 4,020 + 27,951 27,256

Other Federal Reserve assets12 177,870 + 684 + 50,106 178,512

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding13 44,385 + 14 + 531 44,385

Total factors supplying reserve funds 2,906,484 - 14,563 + 159,524 2,907,612

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

1. Factors Affecting Reserve Balances of Depository Institutions (continued)

Millions of dollars

Averages of daily figures Wednesday

 May 2, 2012 Week ended

 May 2, 2012

Change from week ended

Apr 25, 2012 May 4, 2011

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation13 1,100,493 + 1,250 + 85,904 1,102,654

Reverse repurchase agreements14 97,946 + 8,581 + 38,868 90,336

Foreign official and international accounts 97,946 + 8,581 + 38,868 90,336

Others 0 0 0 0

Treasury cash holdings 140 - 1 - 21 139

Deposits with F.R. Banks, other than reserve balances 138,237 + 20,278 + 8,299 158,368

Term deposits held by depository institutions 0 0 - 5,081 0

U.S. Treasury, General Account 120,748 + 42,250 + 5,722 136,746

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

Foreign official 138 + 8 + 6 137

Service-related 1,927 0 - 619 1,927

Required clearing balances 1,927 0 - 619 1,927

Adjustments to compensate for float 0 0 0 0

Other 15,424 - 21,980 + 13,271 19,558

Other liabilities and capital15 77,037 + 2,040 + 1,162 74,916

Total factors, other than reserve balances,

absorbing reserve funds 1,413,853 + 32,147 + 134,213 1,426,413

Reserve balances with Federal Reserve Banks 1,492,631 - 46,710 + 25,311 1,481,199

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of

the underlying mortgages.

5. Cash value of agreements.

6. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

7. Refer to table 4 and the note on consolidation accompanying table 9.

8. Refer to table 5 and the note on consolidation accompanying table 9.

9. Refer to table 6 and the note on consolidation accompanying table 9.

10.Refer to table 7 and the note on consolidation accompanying table 9.

11.Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned

to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the

foreign central bank.

12.Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, and the fair value adjustment

to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

13.Estimated.

14.Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

15.Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve

Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note

on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Refer to table 8

and table 9.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
H.4.1

1A. Memorandum Items

Millions of dollars

Averages of daily figures Wednesday

 May 2, 2012 Week ended

 May 2, 2012

Change from week ended

Apr 25, 2012 May 4, 2011

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,495,805 + 13,434 + 43,499 3,497,214

U.S. Treasury securities 2,780,193 + 14,212 + 89,607 2,782,152

Federal agency securities2 715,612 - 778 - 46,108 715,062

Securities lent to dealers 13,782 + 225 - 4,037 13,828

Overnight facility3 13,782 + 225 - 4,037 13,828

U.S. Treasury securities 12,900 + 103 - 4,092 13,022

Federal agency debt securities 881 + 122 + 54 806

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, May 2, 2012

Millions of dollars

Within 15

days

16 days to

90 days

91 days to

1 year

Over 1 year

to 5 years

Over 5 years

to 10 years

Over 10

years

Remaining maturity All

Loans1 323 710 3,843 1,926 0 ... 6,801

U.S. Treasury securities2

Holdings 20,509 9,922 51,248 551,507 732,932 301,512 1,667,630

Weekly changes + 5,282 - 6,732 + 1,648 + 2,054 - 6,110 + 3,722 - 136

Federal agency debt securities3

Holdings 405 3,137 18,976 60,224 9,482 2,347 94,571

Weekly changes + 405 - 405 0 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 2 8 99 847,711 847,820

Weekly changes 0 0 0 0 0 + 24 + 24

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 1,132 26,124 0 0 0 0 27,256

Reverse repurchase agreements6 90,336 0 ... ... ... ... 90,336

Term deposits 0 0 0 ... ... ... 0

Note: Components may not sum to totals because of rounding.

. . . Not applicable.

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden

Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY’s statement of condition consistent with consolidation

under generally accepted accounting principles.

2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the

original face value of such securities.

3. Face value.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the

underlying mortgages.

5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.

6. Cash value of agreements.

7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to

the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign

central bank.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Wednesday

 May 2, 2012 Account name

Mortgage-backed securities held outright1 847,820

Commitments to buy mortgage-backed securities2 39,049

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 23

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

 May 2, 2012 Account name

Net portfolio holdings of Maiden Lane LLC1 4,183

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 707

Accrued interest payable to the Federal Reserve Bank of New York2 764

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 1,409

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of March 31, 2012. Any assets purchased after

this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with

consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in

table 8 and table 9.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3)

of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets

through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from

the proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest

due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the

FRBNY.

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Wednesday

 May 2, 2012 Account name

Net portfolio holdings of Maiden Lane II LLC1 19

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 0

Accrued interest payable to the Federal Reserve Bank of New York2 0

Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3 0

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of March 31, 2012. Any assets purchased after

this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with

consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American

International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are

included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority

of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the

U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II

LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane II LLC, principal due to

the FRBNY, interest due to the FRBNY, and deferred payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the

FRBNY and AIG subsidiaries.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday

 May 2, 2012 Account name

Net portfolio holdings of Maiden Lane III LLC1 20,207

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 7,972

Accrued interest payable to the Federal Reserve Bank of New York2 731

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 5,603

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of March 31, 2012. Any assets purchased after

this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with

consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in

table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority

of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations

(CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In

connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane

III LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due

to the FRBNY, interest due to the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and

AIG.

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Wednesday

 May 2, 2012 Account name

Asset-backed securities holdings1 0

Other investments, net 836

Net portfolio holdings of TALF LLC 836

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 0

Accrued interest payable to the Federal Reserve Bank of New York2 0

Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable3 111

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly

market on the measurement date.

2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with consolidation

under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8

and table 9.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF) under the authority

of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New York (FRBNY) extends loans with a term

of up to five years to holders of eligible asset-backed securities. The TALF is intended to assist financial markets in accommodating the credit needs of

consumers and businesses by facilitating the issuance of asset-backed securities collateralized by a variety of consumer and business loans. The loans

provided through the TALF to eligible borrowers are non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the

collateral to the FRBNY. The loans are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears

the initial risk of a decline in the value of the security.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the

decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed securities received by the FRBNY in

conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Losses on asset-backed securities held by TALF LLC will

be offset in the following order: by the commitment fees collected by TALF LLC, by the interest received on investments of TALF LLC, by up to $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.
H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Eliminations from

consolidation

Wednesday

 May 2, 2012

Change since

Wednesday

Apr 25, 2012

Wednesday

 May 4, 2011

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,230 - 3 + 47

Securities, repurchase agreements, and loans 2,616,823 + 114 + 106,551

Securities held outright1 2,610,021 - 113 + 116,026

U.S. Treasury securities 1,667,630 - 136 + 225,775

Bills2 18,423 0 0

Notes and bonds, nominal2 1,572,264 - 661 + 213,949

Notes and bonds, inflation-indexed2 67,666 + 430 + 9,601

Inflation compensation3 9,277 + 94 + 2,224

Federal agency debt securities2 94,571 0 - 30,547

Mortgage-backed securities4 847,820 + 24 - 79,201

Repurchase agreements5 0 0 0

Loans 6,801 + 226 - 9,476

Net portfolio holdings of Maiden Lane LLC6 4,183 + 13 - 20,613

Net portfolio holdings of Maiden Lane II LLC7 19 0 - 14,951

Net portfolio holdings of Maiden Lane III LLC8 20,207 + 402 - 4,404

Net portfolio holdings of TALF LLC9 836 0 + 103

Items in process of collection (97) 286 + 72 - 200

Bank premises 2,365 + 12 + 157

Central bank liquidity swaps10 27,256 - 4,715 + 27,256

Other assets11 176,165 + 1,824 + 49,701

Total assets (97) 2,866,606 - 2,283 + 143,645

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)

Millions of dollars

Eliminations from

consolidation

Wednesday

 May 2, 2012

Change since

Wednesday

Apr 25, 2012

Wednesday

 May 4, 2011

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,060,633 + 2,325 + 84,909

Reverse repurchase agreements12 90,336 - 2,111 + 33,363

Deposits (0) 1,639,584 - 1,445 + 24,709

Term deposits held by depository institutions 0 0 - 5,081

Other deposits held by depository institutions 1,483,144 - 43,175 + 7,665

U.S. Treasury, General Account 136,746 + 34,154 + 11,349

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

Foreign official 137 + 9 + 9

Other (0) 19,558 + 7,568 + 15,767

Deferred availability cash items (97) 1,137 + 119 - 590

Other liabilities and accrued dividends13 20,437 - 1,187 - 668

Total liabilities (97) 2,812,127 - 2,299 + 141,724

Capital accounts

Capital paid in 27,240 + 9 + 961

Surplus 27,240 + 9 + 961

Other capital accounts 0 0 0

Total capital 54,479 + 16 + 1,921

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the

underlying mortgages.

5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

6. Refer to table 4 and the note on consolidation accompanying table 9.

7. Refer to table 5 and the note on consolidation accompanying table 9.

8. Refer to table 6 and the note on consolidation accompanying table 9.

9. Refer to table 7 and the note on consolidation accompanying table 9.

10.Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to

the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign

central bank.

11.Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to

credit extended by the Federal Reserve Bank of New York (FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

12.Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

13.Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal

Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and

the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury.
H.4.1

9. Statement of Condition of Each Federal Reserve Bank, May 2, 2012Millions of dollars

Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minn

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 408 3,824 437 515 890 1,337 839 313 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 Coin 2,230 53 108 151 156 395 204 324 35 Securities, repurchase agreements,

and loans 2,616,823 63,397 1,469,798 86,282 66,358 185,759 157,368 144,795 40,807 

Securities held outright1 2,610,021 63,393 1,463,320 86,282 66,358 185,759 157,366 144,793 40,805 

U.S. Treasury securities 1,667,630 40,504 934,964 55,128 42,398 118,688 100,547 92,513 26,072 

Bills2 18,423 447 10,329 609 468 1,311 1,111 1,022 288 Notes and bonds3 1,649,207 40,056 924,635 54,519 41,930 117,376 99,436 91,491 25,784 

Federal agency debt securities2 94,571 2,297 53,022 3,126 2,404 6,731 5,702 5,246 1,479 

Mortgage-backed securities4 847,820 20,592 475,334 28,027 21,555 60,341 51,118 47,033 13,255 

Repurchase agreements5 0 0 0 0 0 0 0 0 0 Loans 6,801 5 6,478 0 0 0 2 2 2 

Net portfolio holdings of Maiden

Lane LLC6 4,183 0 4,183 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane II LLC7 19 0 19 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane III LLC8 20,207 0 20,207 0 0 0 0 0 0 

Net portfolio holdings of TALF LLC9 836 0 836 0 0 0 0 0 0 

Items in process of collection 383 13 0 67 47 4 153 13 9 Bank premises 2,365 122 462 66 124 230 212 202 132 Central bank liquidity swaps10 27,256 955 8,792 2,364 2,015 5,638 1,558 727 223 Other assets11 176,165 4,586 92,276 7,216 5,736 16,175 10,586 9,021 2,608 Interdistrict settlement account 0 + 3,381 + 18,801 - 14,420 + 230 - 8,999 + 2,820 + 1,565 + 2,081 + 

Total assets 2,866,703 73,112 1,621,124 82,372 75,419 200,504 174,892 157,910 46,357 

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

9. Statement of Condition of Each Federal Reserve Bank, May 2, 2012 (continued)Millions of dollars

Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minn

Assets, liabilities, and capital

Liabilities

Federal Reserve notes outstanding 1,243,315 47,216 433,501 48,063 60,779 102,042 148,385 94,851 35,379 

Less: Notes held by F.R. Banks 182,682 4,658 66,541 5,641 7,457 11,582 26,700 12,665 4,248 

Federal Reserve notes, net 1,060,633 42,558 366,960 42,422 53,321 90,460 121,684 82,186 31,131 

Reverse repurchase agreements12 90,336 2,194 50,647 2,986 2,297 6,429 5,447 5,011 1,412 

Deposits 1,639,584 25,408 1,170,172 32,064 15,134 91,852 43,950 68,640 13,063 

Term deposits held by depository

institutions 0 0 0 0 0 0 0 0 0 

Other deposits held by depository

institutions 1,483,144 25,404 1,014,047 32,056 15,131 91,601 43,947 68,607 13,062 

U.S. Treasury, General Account 136,746 0 136,746 0 0 0 0 0 0 U.S. Treasury, Supplementary

Financing Account 0 0 0 0 0 0 0 0 0 

Foreign official 137 1 110 3 3 8 2 1 0 Other 19,558 2 19,269 4 0 242 0 32 0 

Deferred availability cash items 1,234 49 0 134 117 26 176 30 108 Interest on Federal Reserve notes due

to U.S. Treasury13 2,218 44 1,350 65 51 145 129 102 34 

Other liabilities and accrued

dividends14 18,219 215 14,627 287 266 677 444 402 168 

Total liabilities 2,812,224 70,468 1,603,758 77,957 71,187 189,589 171,830 156,370 45,916 Capital

Capital paid in 27,240 1,322 8,683 2,207 2,116 5,458 1,531 770 221 Surplus 27,240 1,322 8,683 2,207 2,116 5,458 1,531 770 221 Other capital 0 0 0 0 0 0 0 0 0 

Total liabilities and capital 2,866,703 73,112 1,621,124 82,372 75,419 200,504 174,892 157,910 46,357 

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

9. Statement of Condition of Each Federal Reserve Bank, May 2, 2012 (continued)1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.2. Face value of the securities.3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securitie4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mort5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.6. Refer to table 4 and the note on consolidation below.7. Refer to table 5 and the note on consolidation below.8. Refer to table 6 and the note on consolidation below.9. Refer to table 7 and the note on consolidation below.10.Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign centr

equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.

11.Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by 

of New York (FRBNY) to eligible	borrowers through the Term Asset-Backed Securities Loan Facility.

12.Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.13.Represents the estimated weekly remittances to U.S Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank’s net earnings 

to capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this Federal Reserve Bank’s earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance which requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of and the amount necessary to equate surplus with capital paid-in.

14.Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New Y

recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.

Note on consolidation:The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Resewas extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contractwas extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan FacilitThe FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily respoTALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNcondition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCsin this table (and table 1 and table 8).
H.4.1

10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents’ Accounts

Millions of dollars

Wednesday

 May 2, 2012 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,243,315

Less: Notes held by F.R. Banks not subject to collateralization 182,682

Federal Reserve notes to be collateralized 1,060,633

Collateral held against Federal Reserve notes 1,060,633

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,044,396

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,610,021

Less: Face value of securities under reverse repurchase agreements 78,110

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,531,911

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.