FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                               April 19, 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   Apr 18, 2012
Federal Reserve Banks                                     Apr 18, 2012 Apr 11, 2012 Apr 20, 2011
 
Reserve Bank credit                                        2,865,930   +   21,742   +  206,604    2,858,204
  Securities held outright (1)                             2,630,337   +   20,532   +  176,306    2,622,702
    U.S. Treasury securities                               1,675,002   -    1,532   +  284,418    1,672,141
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                         1,579,297   +      247   +  270,843    1,577,378
      Notes and bonds, inflation-indexed (2)                  68,103   -    1,551   +   11,121       67,236
      Inflation compensation (3)                               9,179   -      228   +    2,453        9,104
    Federal agency debt securities (2)                        95,383   -    1,095   -   34,130       95,200
    Mortgage-backed securities (4)                           859,952   +   23,159   -   73,982      855,361
  Repurchase agreements (5)                                        0            0            0            0
  Loans                                                        6,961   -       96   -   10,657        6,949
    Primary credit                                                 6   +        3   +        1            2
    Secondary credit                                               0            0            0            0
    Seasonal credit                                                8            0   -        2           10
    Term Asset-Backed Securities Loan Facility (6)             6,947   -       99   -   10,656        6,937
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Maiden Lane LLC (7)                4,235   -    1,210   -   20,043        4,039
  Net portfolio holdings of Maiden Lane II LLC (8)                19            0   -   15,832           19
  Net portfolio holdings of Maiden Lane III LLC (9)           17,331   -      187   -    5,703       17,297
  Net portfolio holdings of TALF LLC (10)                        831            0   +      113          831
  Float                                                         -849   -       51   +      421         -869
  Central bank liquidity swaps (11)                           32,371   -      100   +   32,371       32,371
  Other Federal Reserve assets (12)                          174,694   +    2,853   +   49,627      174,865
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (13)                            44,387   +       14   +      542       44,387

Total factors supplying reserve funds                      2,926,558   +   21,756   +  207,146    2,918,832
 
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   Apr 18, 2012
Federal Reserve Banks                                     Apr 18, 2012 Apr 11, 2012 Apr 20, 2011
 
Currency in circulation (13)                               1,100,160   -      762   +   89,652    1,100,559
Reverse repurchase agreements (14)                            90,841   +      916   +   34,907       91,368
  Foreign official and international accounts                 90,841   +      916   +   34,907       91,368
  Others                                                           0            0            0            0
Treasury cash holdings                                           139   -        3   -       66          141
Deposits with F.R. Banks, other than reserve balances         95,900   +    6,896   +    3,310      139,904
  Term deposits held by depository institutions                3,057            0   -    2,024        3,057
  U.S. Treasury, General Account                              53,427   +    8,138   -   19,841      103,093
  U.S. Treasury, Supplementary Financing Account                   0            0   -    5,000            0
  Foreign official                                               163   +       31   +       33          127
  Service-related                                              1,930            0   -      617        1,930
    Required clearing balances                                 1,930            0   -      617        1,930
    Adjustments to compensate for float                            0            0            0            0
  Other                                                       37,323   -    1,274   +   30,759       31,698
Other liabilities and capital (15)                            76,342   +    2,290   +    2,816       73,497

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,363,382   +    9,336   +  130,620    1,405,470

Reserve balances with Federal Reserve Banks                1,563,176   +   12,420   +   76,526    1,513,362
 
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.

 
1A. Memorandum Items
Millions of dollars
                                                                Averages of daily figures         Wednesday  
                                                           Week ended   Change from week ended   Apr 18, 2012
Memorandum item                                           Apr 18, 2012 Apr 11, 2012 Apr 20, 2011
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,491,357   +    2,150   +   72,805    3,484,188
  U.S. Treasury securities                                 2,770,424   +   11,006   +  109,324    2,764,051
  Federal agency securities (2)                              720,933   -    8,856   -   36,519      720,137
Securities lent to dealers                                    14,202   -    4,855   -    6,494       12,903
  Overnight facility (3)                                      14,202   -    4,855   -    6,494       12,903
    U.S. Treasury securities                                  13,385   -    4,846   -    6,277       12,090
    Federal agency debt securities                               817   -        8   -      217          813
 
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,     April 18, 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)                                     10          941        3,980        2,017            0           ...        6,949
U.S. Treasury securities (2)
  Holdings                                17,731       14,150       49,600      566,702      729,715       294,243    1,672,141
  Weekly changes                      -    6,762   -    5,054   -    3,112   -    8,492   +    8,390    +    6,078   -    8,952
Federal agency debt securities (3)
  Holdings                                   629        3,542       18,976       60,224        9,482         2,347       95,200
  Weekly changes                      -    1,278   +      455   -      455   +    1,500   -    1,500             0   -    1,278
Mortgage-backed securities (4)
  Holdings                                     0            0            2            9          101       855,249      855,361
  Weekly changes                               0            0            0            0   -        2    +   18,570   +   18,568
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)          11,446       20,925            0            0            0             0       32,371

Reverse repurchase agreements (6)         91,368            0          ...          ...          ...           ...       91,368
Term deposits                              3,057            0            0          ...          ...           ...        3,057
 
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                                                                                                           Apr 18, 2012 
 
Mortgage-backed securities held outright (1)                                                                             855,361

Commitments to buy mortgage-backed securities (2)                                                                         33,656
Commitments to sell mortgage-backed securities (2)                                                                           200

Cash and cash equivalents (3)                                                                                                123
 
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                                                                                                           Apr 18, 2012 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                              4,039

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                    707
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         764
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,407
 
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                                                                                                           Apr 18, 2012 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                              19

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
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
    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                                                                                                           Apr 18, 2012 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         17,297

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  7,972
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         727
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,596
 
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                                                                                                           Apr 18, 2012 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       831
Net portfolio holdings of TALF LLC                                                                                           831

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)                                        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.

 
8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation   Apr 18, 2012   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Apr 11, 2012 Apr 20, 2011
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,241    -       28   +       37
  Securities, repurchase agreements, and loans                           2,629,651    +    8,267   +  147,856
    Securities held outright (1)                                         2,622,702    +    8,338   +  158,526
      U.S. Treasury securities                                           1,672,141    -    8,952   +  269,647
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                     1,577,378    -    7,332   +  256,577
        Notes and bonds, inflation-indexed (2)                              67,236    -    1,518   +   10,671
        Inflation compensation (3)                                           9,104    -      102   +    2,398
      Federal agency debt securities (2)                                    95,200    -    1,278   -   33,260
      Mortgage-backed securities (4)                                       855,361    +   18,568   -   77,861
    Repurchase agreements (5)                                                    0             0            0
    Loans                                                                    6,949    -       71   -   10,670
  Net portfolio holdings of Maiden Lane LLC (6)                              4,039    -    1,431   -   20,273
  Net portfolio holdings of Maiden Lane II LLC (7)                              19             0   -   15,853
  Net portfolio holdings of Maiden Lane III LLC (8)                         17,297    -      289   -    5,742
  Net portfolio holdings of TALF LLC (9)                                       831             0   +      113
  Items in process of collection                            (139)              277    +      111   +       63
  Bank premises                                                              2,354    +        1   +      139
  Central bank liquidity swaps (10)                                         32,371    -      100   +   32,371
  Other assets (11)                                                        172,519    +    1,785   +   49,173

Total assets                                                (139)        2,877,835    +    8,316   +  187,883
 
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   Apr 18, 2012   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Apr 11, 2012 Apr 20, 2011
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                       1,058,550    -    1,292   +   87,970
  Reverse repurchase agreements (12)                                        91,368    +    2,479   +   35,304
  Deposits                                                    (0)        1,653,275    +    7,769   +   64,098
    Term deposits held by depository institutions                            3,057             0   -    2,024
    Other deposits held by depository institutions                       1,515,300    -   53,500   +   49,980
    U.S. Treasury, General Account                                         103,093    +   67,569   -   10,067
    U.S. Treasury, Supplementary Financing Account                               0             0   -    5,000
    Foreign official                                                           127             0   +        2
    Other                                                     (0)           31,698    -    6,299   +   31,207
  Deferred availability cash items                          (139)            1,145    +       39   -      394
  Other liabilities and accrued dividends (13)                              19,038    -      697   -      998

Total liabilities                                           (139)        2,823,376    +    8,298   +  185,979

Capital accounts
  Capital paid in                                                           27,229    +        9   +      951
  Surplus                                                                   27,229    +        9   +      951
  Other capital accounts                                                         0             0            0

Total capital                                                               54,459    +       18   +    1,904
 
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.


 
9. Statement of Condition of Each Federal Reserve Bank,     April 18, 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         408       3,824         437         515         890       1,337         839         313         192         315         725       1,242
  Special drawing rights certificate acct.       5,200         196       1,818         210         237         412         654         424         150          90         153         282         574
  Coin                                           2,241          53         108         154         158         402         195         325          35          59         167         215         370
  Securities, repurchase agreements,
     and loans                               2,629,651      63,704   1,477,367      86,702      66,681     186,661     158,131     145,498      41,005      23,844      52,691     101,908     225,459
    Securities held outright (1)             2,622,702      63,701   1,470,430      86,701      66,681     186,661     158,131     145,496      41,003      23,843      52,691     101,906     225,459
      U.S. Treasury securities               1,672,141      40,613     937,493      55,277      42,513     119,009     100,819      92,763      26,142      15,201      33,594      64,971     143,745
        Bills (2)                               18,423         447      10,329         609         468       1,311       1,111       1,022         288         167         370         716       1,584
        Notes and bonds (3)                  1,653,719      40,166     927,165      54,668      42,045     117,698      99,708      91,741      25,854      15,034      33,224      64,256     142,161
      Federal agency debt securities (2)        95,200       2,312      53,374       3,147       2,420       6,776       5,740       5,281       1,488         865       1,913       3,699       8,184
      Mortgage-backed securities (4)           855,361      20,775     479,562      28,276      21,747      60,877      51,572      47,452      13,373       7,776      17,185      33,235      73,531
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Loans                                        6,949           3       6,937           1           0           0           0           2           2           1           0           3           0
  Net portfolio holdings of Maiden
     Lane LLC (6)                                4,039           0       4,039           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (7)                                19           0          19           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (8)                           17,297           0      17,297           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (9)           831           0         831           0           0           0           0           0           0           0           0           0           0
  Items in process of collection                   415           7           0         162          71           3          55          18           6          10           3          10          71
  Bank premises                                  2,354         122         446          66         124         231         212         203         133         105         257         243         212
  Central bank liquidity swaps (10)             32,371       1,135      10,442       2,808       2,393       6,696       1,851         864         265         132         322         519       4,945
  Other assets (11)                            172,519       4,497      90,249       7,089       5,633      15,893      10,355       8,821       2,546       1,494       3,226       6,183      16,534
  Interdistrict settlement account                   0   -   3,013   +   1,451   +  10,293   -   2,015   -  10,519   -   2,759   +   1,162   +   1,973   +   1,803   +   1,517   +   2,521   -   2,415

Total assets                                 2,877,974      67,108   1,607,891     107,921      73,798     200,668     170,032     158,154      46,424      27,729      58,651     112,604     246,993
 
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,     April 18, 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          1,240,671      47,078     434,622      48,203      60,542     102,577     145,044      95,351      34,101      22,589      37,734      78,250     134,580
    Less: Notes held by F.R. Banks             182,121       4,561      64,615       5,780       7,981      11,637      27,075      12,366       4,378       4,270       4,114      11,397      23,946
      Federal Reserve notes, net             1,058,550      42,517     370,007      42,423      52,561      90,940     117,969      82,984      29,723      18,319      33,620      66,853     110,634
  Reverse repurchase agreements (12)            91,368       2,219      51,226       3,020       2,323       6,503       5,509       5,069       1,428         831       1,836       3,550       7,854
  Deposits                                   1,653,275      19,426   1,154,758      57,553      14,263      91,457      42,680      68,017      14,605       7,969      22,402      40,905     119,240
    Term deposits held by depository
       institutions                              3,057          15       2,094         451           0          43           5           8           0          76           0           5         361
    Other deposits held by depository
       institutions                          1,515,300      19,407   1,018,019      57,090      14,259      91,213      42,673      67,976      14,604       7,892      22,401      40,899     118,867
    U.S. Treasury, General Account             103,093           0     103,093           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                               127           1         100           3           3           8           2           1           0           0           0           1           6
    Other                                       31,698           2      31,452           9           1         193           0          32           0           0           1           1           6
  Deferred availability cash items               1,284          41           0         167         111          22         229          31          26         228          37          71         319
  Interest on Federal Reserve notes due
     to U.S. Treasury (13)                       1,431          32         742          41          33         132         108          81          26          17          31          60         129
  Other liabilities and accrued
     dividends (14)                             17,606         228      13,801         302         276         697         480         429         175         138         182         304         593

Total liabilities                            2,823,515      64,463   1,590,534     103,506      69,567     189,752     166,975     156,612      45,983      27,503      58,107     111,743     238,770

Capital
  Capital paid in                               27,229       1,323       8,679       2,207       2,115       5,458       1,528         771         221         113         272         431       4,112
  Surplus                                       27,229       1,323       8,679       2,207       2,115       5,458       1,528         771         221         113         272         431       4,112
  Other capital                                      0           0           0           0           0           0           0           0           0           0           0           0           0

Total liabilities and capital                2,877,974      67,108   1,607,891     107,921      73,798     200,668     170,032     158,154      46,424      27,729      58,651     112,604     246,993
 
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,     April 18, 2012 (continued)
1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such 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. 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. 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.
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 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 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                                                       Apr 18, 2012 
 
Federal Reserve notes outstanding                                                          1,240,671
  Less: Notes held by F.R. Banks not subject to collateralization                            182,121
    Federal Reserve notes to be collateralized                                             1,058,550
Collateral held against Federal Reserve notes                                              1,058,550
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                 1,042,313
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,622,702
  Less: Face value of securities under reverse repurchase agreements                          79,689
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,543,013
 
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.