FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks May 17, 2012

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

May 16, 2012 Week ended

May 16, 2012

Change from week ended

 May 9, 2012 May 18, 2011

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,840,421 - 4,826 + 100,958 2,833,829

Securities held outright1 2,608,829 + 1,233 + 76,438 2,609,188

U.S. Treasury securities 1,660,947 - 4,254 + 177,352 1,656,793

Bills2 18,423 0 0 18,423

Notes and bonds, nominal2 1,565,527 - 5,805 + 167,865 1,561,325

Notes and bonds, inflation-indexed2 67,654 + 1,328 + 7,679 67,654

Inflation compensation3 9,343 + 223 + 1,808 9,392

Federal agency debt securities2 94,455 - 116 - 28,794 94,166

Mortgage-backed securities4 853,426 + 5,602 - 72,120 858,229

Repurchase agreements5 0 0 0 0

Loans 6,429 - 53 - 8,589 6,393

Primary credit 10 - 4 + 7 16

Secondary credit 0 0 0 0

Seasonal credit 28 + 2 + 10 25

Term Asset-Backed Securities Loan Facility6 6,391 - 51 - 8,607 6,352

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 4,047 - 137 - 20,416 3,853

Net portfolio holdings of Maiden Lane II LLC8 19 0 - 14,965 19

Net portfolio holdings of Maiden Lane III LLC9 15,119 - 5,104 - 9,292 15,119

Net portfolio holdings of TALF LLC10 836 0 + 103 836

Float -809 - 73 + 188 -825

Central bank liquidity swaps11 26,450 - 206 + 26,450 26,450

Other Federal Reserve assets12 179,502 - 483 + 51,042 172,795

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding13 44,473 + 14 + 601 44,473

Total factors supplying reserve funds 2,901,135 - 4,812 + 101,559 2,894,543

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 16, 2012 Week ended

May 16, 2012

Change from week ended

 May 9, 2012 May 18, 2011

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation13 1,103,279 + 724 + 85,999 1,103,788

Reverse repurchase agreements14 93,393 - 150 + 37,763 91,022

Foreign official and international accounts 93,393 - 150 + 37,763 91,022

Others 0 0 0 0

Treasury cash holdings 136 - 3 - 12 133

Deposits with F.R. Banks, other than reserve balances 126,203 - 10,416 + 20,440 111,187

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 99,876 - 13,356 + 8,428 101,035

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

Foreign official 154 + 21 + 6 140

Service-related 1,906 0 - 639 1,906

Required clearing balances 1,906 0 - 639 1,906

Adjustments to compensate for float 0 0 0 0

Other 24,266 + 2,918 + 17,644 8,106

Other liabilities and capital15 76,313 + 493 + 2,795 74,653

Total factors, other than reserve balances,

absorbing reserve funds 1,399,323 - 9,353 + 146,983 1,380,783

Reserve balances with Federal Reserve Banks 1,501,812 + 4,541 - 45,424 1,513,760

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 16, 2012 Week ended

May 16, 2012

Change from week ended

 May 9, 2012 May 18, 2011

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,490,284 - 8,684 + 47,673 3,493,256

U.S. Treasury securities 2,779,062 - 5,306 + 78,710 2,784,825

Federal agency securities2 711,222 - 3,378 - 31,037 708,431

Securities lent to dealers 12,970 - 66 - 8,664 12,986

Overnight facility3 12,970 - 66 - 8,664 12,986

U.S. Treasury securities 12,290 - 8 - 8,533 12,408

Federal agency debt securities 680 - 59 - 131 578

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 16, 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 23 1,465 3,035 1,870 0 ... 6,393

U.S. Treasury securities2

Holdings 14,643 11,285 49,116 547,665 723,863 310,222 1,656,793

Weekly changes - 2,346 - 2,157 + 6,508 - 2,280 - 13,836 + 4,966 - 9,146

Federal agency debt securities3

Holdings 914 4,151 17,048 63,219 6,487 2,347 94,166

Weekly changes - 405 + 1,928 - 1,928 + 2,995 - 2,995 0 - 405

Mortgage-backed securities4

Holdings 0 0 2 8 98 858,121 858,229

Weekly changes 0 0 0 0 - 2 + 10,404 + 10,403

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 14,851 11,600 0 0 0 0 26,450

Reverse repurchase agreements6 91,022 0 ... ... ... ... 91,022

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 16, 2012 Account name

Mortgage-backed securities held outright1 858,229

Commitments to buy mortgage-backed securities2 31,861

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 0

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 16, 2012 Account name

Net portfolio holdings of Maiden Lane LLC1 3,853

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 366

Accrued interest payable to the Federal Reserve Bank of New York2 765

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 1,412

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 16, 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 16, 2012 Account name

Net portfolio holdings of Maiden Lane III LLC1 15,119

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 2,768

Accrued interest payable to the Federal Reserve Bank of New York2 734

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 5,609

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 16, 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 16, 2012

Change since

Wednesday

 May 9, 2012

Wednesday

May 18, 2011

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,199 - 19 + 50

Securities, repurchase agreements, and loans 2,615,582 + 785 + 61,099

Securities held outright1 2,609,188 + 852 + 69,685

U.S. Treasury securities 1,656,793 - 9,146 + 161,627

Bills2 18,423 0 0

Notes and bonds, nominal2 1,561,325 - 10,697 + 153,327

Notes and bonds, inflation-indexed2 67,654 + 1,328 + 6,650

Inflation compensation3 9,392 + 224 + 1,650

Federal agency debt securities2 94,166 - 405 - 26,592

Mortgage-backed securities4 858,229 + 10,403 - 65,350

Repurchase agreements5 0 0 0

Loans 6,393 - 68 - 8,587

Net portfolio holdings of Maiden Lane LLC6 3,853 - 340 - 20,566

Net portfolio holdings of Maiden Lane II LLC7 19 0 - 14,965

Net portfolio holdings of Maiden Lane III LLC8 15,119 - 5,204 - 9,255

Net portfolio holdings of TALF LLC9 836 0 + 103

Items in process of collection (97) 174 + 8 - 180

Bank premises 2,367 + 1 + 157

Central bank liquidity swaps10 26,450 - 206 + 26,450

Other assets11 170,463 - 8,192 + 48,225

Total assets (97) 2,853,300 - 13,166 + 91,118

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 16, 2012

Change since

Wednesday

 May 9, 2012

Wednesday

May 18, 2011

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,061,643 - 505 + 85,309

Reverse repurchase agreements12 91,022 + 3,243 + 33,596

Deposits (0) 1,624,983 - 15,657 - 28,858

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 1,515,702 + 5,362 - 22,997

U.S. Treasury, General Account 101,035 - 1,768 - 8,585

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

Foreign official 140 + 12 + 15

Other (0) 8,106 - 19,263 + 7,710

Deferred availability cash items (97) 999 - 123 - 374

Other liabilities and accrued dividends13 20,004 - 219 - 606

Total liabilities (97) 2,798,651 - 13,262 + 89,067

Capital accounts

Capital paid in 27,325 + 49 + 1,026

Surplus 27,325 + 49 + 1,026

Other capital accounts 0 0 0

Total capital 54,649 + 96 + 2,052

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 16, 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 2,199 50 107 153 153 393 201 318 32 Securities, repurchase agreements,

and loans 2,615,582 63,377 1,469,205 86,254 66,337 185,700 157,316 144,756 40,794 

Securities held outright1 2,609,188 63,372 1,462,853 86,254 66,337 185,700 157,316 144,746 40,792 

U.S. Treasury securities 1,656,793 40,240 928,889 54,770 42,123 117,916 99,893 91,912 25,902 

Bills2 18,423 447 10,329 609 468 1,311 1,111 1,022 288 Notes and bonds3 1,638,371 39,793 918,560 54,161 41,655 116,605 98,782 90,890 25,614 

Federal agency debt securities2 94,166 2,287 52,795 3,113 2,394 6,702 5,678 5,224 1,472 

Mortgage-backed securities4 858,229 20,845 481,170 28,371 21,820 61,081 51,745 47,611 13,418 

Repurchase agreements5 0 0 0 0 0 0 0 0 0 Loans 6,393 4 6,352 0 0 0 0 10 2 

Net portfolio holdings of Maiden

Lane LLC6 3,853 0 3,853 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 15,119 0 15,119 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 272 9 0 64 46 4 55 15 10 Bank premises 2,367 122 462 66 124 230 213 203 132 Central bank liquidity swaps10 26,450 927 8,532 2,294 1,955 5,471 1,512 706 216 Other assets11 170,463 4,445 89,144 7,008 5,569 15,722 10,232 8,715 2,524 Interdistrict settlement account 0 + 5,568 - 10,771 - 15,365 + 550 - 5,537 + 3,657 + 2,236 + 2,043 + 

Total assets 2,853,397 75,102 1,582,149 81,120 75,487 203,284 175,177 158,212 46,213 

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 16, 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 1,244,603 47,168 432,403 48,106 61,234 101,993 150,016 95,139 36,138 

Less: Notes held by F.R. Banks 182,960 5,006 66,343 5,604 7,764 11,791 25,352 12,496 4,308 

Federal Reserve notes, net 1,061,643 42,162 366,060 42,503 53,470 90,203 124,664 82,643 31,830 

Reverse repurchase agreements12 91,022 2,211 51,032 3,009 2,314 6,478 5,488 5,049 1,423 

Deposits 1,624,983 27,793 1,131,921 30,729 15,110 94,906 41,207 68,387 12,226 

Term deposits held by depository

institutions 0 0 0 0 0 0 0 0 0 

Other deposits held by depository

institutions 1,515,702 27,789 1,022,872 30,718 15,107 94,744 41,204 68,354 12,226 

U.S. Treasury, General Account 101,035 0 101,035 0 0 0 0 0 0 U.S. Treasury, Supplementary

Financing Account 0 0 0 0 0 0 0 0 0 

Foreign official 140 1 113 3 3 8 2 1 0 Other 8,106 2 7,902 8 0 154 1 32 0 

Deferred availability cash items 1,097 38 0 122 54 24 190 31 95 Interest on Federal Reserve notes due

to U.S. Treasury13 1,309 26 823 17 18 45 84 83 23 

Other liabilities and accrued

dividends14 18,695 229 14,895 303 279 709 471 422 173 

Total liabilities 2,798,748 72,458 1,564,732 76,683 71,246 192,364 172,105 156,615 45,770 Capital

Capital paid in 27,325 1,322 8,708 2,219 2,121 5,460 1,536 798 222 Surplus 27,325 1,322 8,708 2,219 2,121 5,460 1,536 798 222 Other capital 0 0 0 0 0 0 0 0 0 

Total liabilities and capital 2,853,397 75,102 1,582,149 81,120 75,487 203,284 175,177 158,212 46,213 

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 16, 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 16, 2012 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,244,603

Less: Notes held by F.R. Banks not subject to collateralization 182,960

Federal Reserve notes to be collateralized 1,061,643

Collateral held against Federal Reserve notes 1,061,643

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,045,406

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,609,188

Less: Face value of securities under reverse repurchase agreements 79,115

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,530,073

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.