FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                            February 16, 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   Feb 15, 2012
Federal Reserve Banks                                     Feb 15, 2012  Feb 8, 2012 Feb 16, 2011
 
Reserve Bank credit                                        2,918,112   +    4,566   +  426,113    2,920,478
  Securities held outright (1)                             2,605,165   +    2,633   +  318,231    2,616,375
    U.S. Treasury securities                               1,659,983   -    5,034   +  480,781    1,667,071
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                         1,564,482   -    4,241   +  462,744    1,570,729
      Notes and bonds, inflation-indexed (2)                  67,966   -      544   +   15,173       68,760
      Inflation compensation (3)                               9,112   -      248   +    2,864        9,159
    Federal agency debt securities (2)                       101,498            0   -   43,052      101,498
    Mortgage-backed securities (4)                           843,684   +    7,666   -  119,498      847,806
  Repurchase agreements (5)                                        0            0            0            0
  Loans                                                        8,037   -      102   -   14,057        7,995
    Primary credit                                                 7   -        1   -       14            0
    Secondary credit                                               0            0            0            0
    Seasonal credit                                                0   -        2            0            0
    Credit extended to American International
       Group, Inc., net (6)                                        0            0            0            0
    Term Asset-Backed Securities Loan Facility (7)             8,030   -       99   -   14,043        7,995
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Maiden Lane LLC (8)                6,842   -      129   -   19,486        6,474
  Net portfolio holdings of Maiden Lane II LLC (9)             6,712   +      361   -    9,326        6,714
  Net portfolio holdings of Maiden Lane III LLC (10)          17,779   +       35   -    5,151       17,594
  Net portfolio holdings of TALF LLC (11)                        819            0   +      133          819
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (6)                                              0            0            0            0
  Float                                                         -957   +       76   +      666       -1,086
  Central bank liquidity swaps (12)                          109,088   +      331   +  109,018      109,088
  Other Federal Reserve assets (13)                          164,628   +    1,363   +   46,087      156,504
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (14)                            44,331   +       14   +      603       44,331

Total factors supplying reserve funds                      2,978,683   +    4,579   +  426,715    2,981,049
 
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   Feb 15, 2012
Federal Reserve Banks                                     Feb 15, 2012  Feb 8, 2012 Feb 16, 2011
 
Currency in circulation (14)                               1,081,716   +    7,629   +   92,663    1,086,008
Reverse repurchase agreements (15)                            88,824   +    1,596   +   30,583       87,117
  Foreign official and international accounts                 88,824   +    1,596   +   30,583       87,117
  Others                                                           0            0            0            0
Treasury cash holdings                                           149   +        5   -       30          157
Deposits with F.R. Banks, other than reserve balances         98,231   -   39,611   -  110,519       61,773
  Term deposits held by depository institutions                    0   -    3,079   -    5,070            0
  U.S. Treasury, General Account                              58,049   -   29,913   +   11,626       50,066
  U.S. Treasury, Supplementary Financing Account                   0            0   -  149,972            0
  Foreign official                                               147   +       21   +        1          269
  Service-related                                              1,971   -        6   -      356        1,971
    Required clearing balances                                 1,971   -        6   -      356        1,971
    Adjustments to compensate for float                            0            0            0            0
  Other                                                       38,064   -    6,635   +   33,251        9,467
Funds from American International Group, Inc. asset
   dispositions, held as agent (6)                                 0            0            0            0
Other liabilities and capital (16)                            75,504   +    1,478   +    3,836       74,117

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,344,424   -   28,903   +   16,534    1,309,172

Reserve balances with Federal Reserve Banks                1,634,260   +   33,483   +  410,182    1,671,877
 
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
   securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
   remaining principal balance of the underlying mortgages.
5. Cash value of agreements.
6. As a result of the closing of the American International Group, Inc. (AIG) recapitalization plan on
   January 14, 2011, the credit extended to AIG was fully repaid and the Federal Reserve's commitment to lend
   any further funds was terminated. In addition, the Federal Reserve Bank of New York (FRBNY) has been paid
   in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. The funds from AIG asset
   dispositions that FRBNY held as agent were the source of repayment of the credit extended to AIG, as well
   as a portion of the FRBNY's preferred interests in ALICO Holdings LLC. The remaining FRBNY preferred
   interests in ALICO Holdings LLC and AIA Aurora LLC, valued at approximately $20 billion, were purchased by
   AIG through a draw on the Treasury's Series F preferred stock commitment and then transferred by AIG to
   the Treasury as consideration for the draw on the available Series F funds.
7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term
   Asset-Backed Securities Loan Facility.
8. Refer to table 4 and the note on consolidation accompanying table 9.
9.  Refer to table 5 and the note on consolidation accompanying table 9.
10. Refer to table 6 and the note on consolidation accompanying table 9.
11. Refer to table 7 and the note on consolidation accompanying table 9.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
    the foreign currency is returned to the foreign central bank. This exchange rate equals the market
    exchange rate used when the foreign currency was acquired from the foreign central bank.
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange
    rates, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the
    Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on
    January 14, 2011, included accrued dividends on the FRBNY's preferred interests in AIA Aurora LLC and
    ALICO Holdings LLC.
14. Estimated.
15. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
    securities, and mortgage-backed securities.
16. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to
    entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only
    to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation
    accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S.
    Treasury. Refer to table 8 and table 9.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.

 
1A. Memorandum Items
Millions of dollars
                                                                Averages of daily figures         Wednesday  
                                                           Week ended   Change from week ended   Feb 15, 2012
Memorandum item                                           Feb 15, 2012  Feb 8, 2012 Feb 16, 2011
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,447,152   +   26,022   +   63,200    3,454,983
  U.S. Treasury securities                                 2,716,155   +   23,622   +   89,531    2,721,374
  Federal agency securities (2)                              730,997   +    2,399   -   26,331      733,609
Securities lent to dealers                                    15,457   +    1,483   -    3,236       21,225
  Overnight facility (3)                                      15,457   +    1,483   -    3,236       21,225
    U.S. Treasury securities                                  14,445   +    1,668   -    2,850       20,181
    Federal agency debt securities                             1,013   -      185   -      386        1,044
 
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,  February 15, 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)                                      0          237        4,687        3,070            0           ...        7,995
U.S. Treasury securities (2)
  Holdings                                14,018       32,465       52,321      627,102      680,651       260,513    1,667,071
  Weekly changes                      -   10,766   +    6,490   -    4,505   +    2,361   +    2,819    +    9,980   +    6,379
Federal agency debt securities (3)
  Holdings                                   681        6,651       19,553       59,784       12,482         2,347      101,498
  Weekly changes                               0   +      405   +       93   +      853   -    1,351             0            0
Mortgage-backed securities (4)
  Holdings                                     0            0            1           12           76       847,718      847,806
  Weekly changes                               0            0            0            0   -        1    +   11,777   +   11,776
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)          55,691       53,397            0            0            0             0      109,088

Reverse repurchase agreements (6)         87,117            0          ...          ...          ...           ...       87,117
Term deposits                                  0            0            0          ...          ...           ...            0
 
Note: Components may not sum to totals because of rounding.
. . . Not applicable.

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III
   LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation
   under generally accepted accounting principles.
2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of
   inflation on the original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal
   balance of the underlying mortgages.
5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.
6. Cash value of agreements.
7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency
   is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was
   acquired from the foreign central bank.

 
3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Feb 15, 2012 
 
Mortgage-backed securities held outright (1)                                                                             847,806

Commitments to buy mortgage-backed securities (2)                                                                         35,865
Commitments to sell mortgage-backed securities (2)                                                                           800

Cash and cash equivalents (3)                                                                                                  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   
Account name                                                                                                           Feb 15, 2012 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                              6,474

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  3,265
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         760
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,394
 
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                                                                                                           Feb 15, 2012 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                           6,714

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  2,867
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         578
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                    1,111
 
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. 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                                                                                                           Feb 15, 2012 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         17,594

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  8,613
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         707
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,564
 
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                                                                                                           Feb 15, 2012 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       819
Net portfolio holdings of TALF LLC                                                                                           819

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                      0
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                           0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3)                                        110
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF)
under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New
York (FRBNY) extends loans with a term of up to five years to holders of eligible asset-backed securities. The TALF is intended to
assist financial markets in accommodating the credit needs of consumers and businesses by facilitating the issuance of asset-backed
securities collateralized by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are
non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The loans
are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial
risk of a decline in the value of the security.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in
connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed
securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest.
Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF
LLC, by the interest received on investments of TALF LLC, by up to $4.3 billion in subordinated debt funding provided by the U.S.
Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio
holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S.
Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the
U.S. Treasury.

 
8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation   Feb 15, 2012   Wednesday    Wednesday  
Assets, liabilities, and capital                                                       Feb 8, 2012 Feb 16, 2011
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,429    -       18   +      140
  Securities, repurchase agreements, and loans                           2,624,370    +   18,018   +  309,141
    Securities held outright (1)                                         2,616,375    +   18,155   +  323,225
      U.S. Treasury securities                                           1,667,071    +    6,379   +  476,730
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                     1,570,729    +    4,923   +  459,044
        Notes and bonds, inflation-indexed (2)                              68,760    +    1,390   +   14,897
        Inflation compensation (3)                                           9,159    +       66   +    2,788
      Federal agency debt securities (2)                                   101,498             0   -   42,867
      Mortgage-backed securities (4)                                       847,806    +   11,776   -  110,638
    Repurchase agreements (5)                                                    0             0            0
    Loans                                                                    7,995    -      137   -   14,083
  Net portfolio holdings of Maiden Lane LLC (6)                              6,474    -      521   -   19,558
  Net portfolio holdings of Maiden Lane II LLC (7)                           6,714    +        2   -    9,329
  Net portfolio holdings of Maiden Lane III LLC (8)                         17,594    -      262   -    5,220
  Net portfolio holdings of TALF LLC (9)                                       819             0   +      133
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (10)                                                           0             0            0
  Items in process of collection                            (103)               25    -      145   -      166
  Bank premises                                                              2,177             0   -       40
  Central bank liquidity swaps (11)                                        109,088    +      331   +  109,018
  Other assets (12)                                                        154,316    -    7,733   +   43,417

Total assets                                                (103)        2,940,244    +    9,674   +  427,536
 
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   Feb 15, 2012   Wednesday    Wednesday  
Assets, liabilities, and capital                                                       Feb 8, 2012 Feb 16, 2011
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                       1,044,259    +    7,291   +   92,830
  Reverse repurchase agreements (13)                                        87,117    +      362   +   29,291
  Deposits                                                    (0)        1,733,639    +    2,152   +  303,405
    Term deposits held by depository institutions                                0    -    3,079   -    5,070
    Other deposits held by depository institutions                       1,673,837    +   40,102   +  453,777
    U.S. Treasury, General Account                                          50,066    +      930   -    4,495
    U.S. Treasury, Supplementary Financing Account                               0             0   -  149,972
    Foreign official                                                           269    +      143   +      151
    Other                                                     (0)            9,467    -   35,944   +    9,013
  Deferred availability cash items                          (103)            1,111    -       96   -      867
  Other liabilities and accrued dividends (14)                              19,569    -       40   +    1,352

Total liabilities                                           (103)        2,885,696    +    9,671   +  426,012

Capital accounts
  Capital paid in                                                           27,274    +        2   +      762
  Surplus                                                                   27,274    +        2   +      762
  Other capital accounts                                                         0             0            0

Total capital                                                               54,548    +        3   +    1,524
 
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
   securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
   remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 4 and the note on consolidation accompanying table 9.
7. Refer to table 5 and the note on consolidation accompanying table 9.
8. Refer to table 6 and the note on consolidation accompanying table 9.
9.  Refer to table 7 and the note on consolidation accompanying table 9.
10. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank
    of New York has been paid in full for its	preferred interests in AIA Aurora LLC and ALICO Holdings LLC. A
    portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were
    held as agent by the Federal Reserve.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
    the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange
    rate used when the foreign currency was acquired from the foreign central bank.
12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates
    and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to
    eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG
    recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY's preferred interests in
    AIA Aurora LLC and ALICO Holdings LLC.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
    securities, and mortgage-backed securities.
14. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to
    entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to
    the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation
    accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S.
    Treasury. Before the closing of the AIG recapitalization plan on January 14, 2011, included funds from
    American International Group, Inc. asset dispositions, held as agent.


 
9. Statement of Condition of Each Federal Reserve Bank,  February 15, 2012
Millions of dollars
                                               Total      Boston     New York   Philadelphia Cleveland   Richmond     Atlanta     Chicago    St. Louis  Minneapolis   Kansas      Dallas        San    
Assets, liabilities, and capital                                                                                                                                       City                  Francisco 
 
Assets
  Gold certificate account                      11,037         390       3,866         432         450         872       1,394         854         319         197         318         728       1,217
  Special drawing rights certificate acct.       5,200         196       1,818         210         237         412         654         424         150          90         153         282         574
  Coin                                           2,429          59         108         164         181         427         212         349          37          62         182         248         400
  Securities, repurchase agreements,
     and loans                               2,624,370      64,327   1,224,721      89,627      70,674     302,165     194,508     155,375      49,520      40,210      69,597     103,478     260,168
    Securities held outright (1)             2,616,375      64,327   1,216,727      89,627      70,674     302,165     194,508     155,375      49,520      40,210      69,597     103,478     260,168
      U.S. Treasury securities               1,667,071      40,987     775,259      57,107      45,031     192,530     123,934      99,000      31,553      25,620      44,345      65,933     165,771
        Bills (2)                               18,423         453       8,567         631         498       2,128       1,370       1,094         349         283         490         729       1,832
        Notes and bonds (3)                  1,648,648      40,534     766,692      56,476      44,533     190,402     122,565      97,906      31,204      25,337      43,855      65,204     163,939
      Federal agency debt securities (2)       101,498       2,495      47,201       3,477       2,742      11,722       7,546       6,028       1,921       1,560       2,700       4,014      10,093
      Mortgage-backed securities (4)           847,806      20,845     394,266      29,042      22,901      97,913      63,028      50,347      16,046      13,030      22,552      33,531      84,305
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Loans                                        7,995           0       7,995           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane LLC (6)                                6,474           0       6,474           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (7)                             6,714           0       6,714           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (8)                           17,594           0      17,594           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (9)           819           0         819           0           0           0           0           0           0           0           0           0           0
  Preferred interests in AIA Aurora LLC
     and ALICO Holdings LLC (10)                     0           0           0           0           0           0           0           0           0           0           0           0           0
  Items in process of collection                   127           9           0          40          37           5         -52          14           5           8           5          15          41
  Bank premises                                  2,177         124         259          67         125         231         213         205         134         105         258         244         212
  Central bank liquidity swaps (11)            109,088       3,824      35,189       9,462       8,065      22,565       6,238       2,910         892         445       1,085       1,747      16,665
  Other assets (12)                            154,316       4,099      67,797       6,665       5,398      20,292      11,033       8,292       2,685       2,119       3,682       5,546      16,708
  Interdistrict settlement account                   0   -   5,385   + 285,608   -  24,839   -   5,510   - 119,977   -  38,909   -   7,014   -   4,195   -  16,065   -  16,153   -   2,650   -  44,910

Total assets                                 2,940,346      67,644   1,650,968      81,827      79,657     226,992     175,292     161,408      49,548      27,171      59,127     109,638     251,076
 
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,  February 15, 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          1,221,648      44,315     438,670      45,866      60,084      98,576     143,067      88,522      33,705      20,712      34,380      79,366     134,385
    Less: Notes held by F.R. Banks             177,389       4,918      58,524       6,154       8,538      11,375      25,681      12,061       3,504       5,010       4,042      11,413      26,169
      Federal Reserve notes, net             1,044,259      39,397     380,147      39,713      51,546      87,202     117,386      76,460      30,201      15,701      30,338      67,953     108,216
  Reverse repurchase agreements (13)            87,117       2,142      40,513       2,984       2,353      10,061       6,477       5,173       1,649       1,339       2,317       3,445       8,663
  Deposits                                   1,733,639      23,441   1,197,555      34,038      21,354     117,674      47,576      77,800      17,021       9,532      25,667      36,953     125,029
    Term deposits held by depository
       institutions                                  0           0           0           0           0           0           0           0           0           0           0           0           0
    Other deposits held by depository
       institutions                          1,673,837      23,436   1,137,957      34,021      21,350     117,540      47,574      77,769      17,020       9,531      25,666      36,952     125,022
    U.S. Treasury, General Account              50,066           0      50,066           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                               269           1         242           3           3           8           2           1           0           0           0           1           6
    Other                                        9,467           3       9,291          13           1         126           0          30           0           0           1           1           1
  Deferred availability cash items               1,214          41          11         130         139          21         245          25          29         199          36          68         269
  Interest on Federal Reserve notes due
     to U.S. Treasury (14)                         948        -236         668          22          13         104          87          75          22          22          33          51          88
  Other liabilities and accrued
     dividends (15)                             18,621         214      14,681         274         256         805         518         437         185         159         199         304         588

Total liabilities                            2,885,798      64,999   1,633,576      77,161      75,661     215,866     172,288     159,972      49,107      26,952      58,590     108,775     242,851

Capital
  Capital paid in                               27,274       1,322       8,696       2,333       1,998       5,563       1,502         718         220         109         268         432       4,112
  Surplus                                       27,274       1,322       8,696       2,333       1,998       5,563       1,502         718         220         109         268         432       4,112
  Other capital                                      0           0           0           0           0           0           0           0           0           0           0           0           0

Total liabilities and capital                2,940,346      67,644   1,650,968      81,827      79,657     226,992     175,292     161,408      49,548      27,171      59,127     109,638     251,076
 
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,  February 15, 2012 (continued)
1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 4 and the note on consolidation below.
7. Refer to table 5 and the note on consolidation below.
8. Refer to table 6 and the note on consolidation below.
9.  Refer to table 7 and the note on consolidation below.
10. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank of New York has been paid in full for its preferred interests in AIA Aurora LLC and ALICO
    Holdings LLC. A portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were held as agent by the Federal Reserve.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.
12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank of New York
    (FRBNY) to eligible	borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on January 14, 2011, included accrued dividends on the
    FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
14. Represents the estimated weekly remittances to U.S Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to
    capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the
    Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which
    requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the
    amount necessary to equate surplus with capital paid-in.
15. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have
    recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below. Before the closing of the AIG recapitalization plan on January 14,
    2011, included funds from American International Group, Inc. asset dispositions, held as agent.


Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was
extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector
collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan was extended to
Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc.
On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in
connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.

The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial
activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual
losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the
preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs
appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of
the LLCs, are included in other liabilities in this table (and table 1 and table 8).

 
10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
                                                                                            Wednesday   
Federal Reserve notes and collateral                                                       Feb 15, 2012 
 
Federal Reserve notes outstanding                                                          1,221,648
  Less: Notes held by F.R. Banks not subject to collateralization                            177,389
    Federal Reserve notes to be collateralized                                             1,044,259
Collateral held against Federal Reserve notes                                              1,044,259
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                 1,028,023
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,616,375
  Less: Face value of securities under reverse repurchase agreements                          75,487
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,540,888
 
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.