FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks March 22, 2012

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

Mar 21, 2012 Week ended

Mar 21, 2012

Change from week ended

Mar 14, 2012 Mar 23, 2011

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,871,227 - 343 + 289,062 2,875,595

Securities held outright1 2,609,637 + 1,128 + 231,370 2,613,737

U.S. Treasury securities 1,662,477 - 59 + 367,127 1,663,484

Bills2 18,423 0 0 18,423

Notes and bonds, nominal2 1,566,335 - 1,303 + 352,603 1,567,314

Notes and bonds, inflation-indexed2 68,667 + 1,109 + 12,138 68,667

Inflation compensation3 9,052 + 135 + 2,385 9,081

Federal agency debt securities2 98,992 - 811 - 39,931 98,992

Mortgage-backed securities4 848,168 + 1,998 - 95,826 851,260

Repurchase agreements5 0 0 0 0

Loans 7,379 - 43 - 12,423 7,299

Primary credit 12 - 7 + 9 3

Secondary credit 0 0 0 0

Seasonal credit 6 + 2 0 7

Term Asset-Backed Securities Loan Facility6 7,362 - 37 - 12,430 7,289

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 5,371 - 926 - 20,191 5,422

Net portfolio holdings of Maiden Lane II LLC8 1,176 - 2,459 - 14,721 19

Net portfolio holdings of Maiden Lane III LLC9 17,436 - 243 - 5,478 17,449

Net portfolio holdings of TALF LLC10 826 + 1 + 117 831

Float -848 + 42 + 343 -837

Central bank liquidity swaps11 65,593 + 720 + 65,593 65,593

Other Federal Reserve assets12 164,656 + 1,436 + 44,451 166,082

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding13 44,352 + 14 + 572 44,352

Total factors supplying reserve funds 2,931,820 - 329 + 289,634 2,936,188

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

Mar 21, 2012 Week ended

Mar 21, 2012

Change from week ended

Mar 14, 2012 Mar 23, 2011

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation13 1,096,142 + 944 + 93,468 1,097,343

Reverse repurchase agreements14 93,970 + 5,459 + 35,747 85,888

Foreign official and international accounts 92,899 + 5,185 + 34,676 85,888

Others 1,071 + 274 + 1,071 0

Treasury cash holdings 163 - 3 - 47 160

Deposits with F.R. Banks, other than reserve balances 142,495 + 49,116 + 26,845 136,845

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 102,488 + 60,672 + 15,208 87,172

U.S. Treasury, Supplementary Financing Account 0 0 - 24,996 0

Foreign official 130 + 3 - 4 144

Service-related 1,953 0 - 559 1,953

Required clearing balances 1,953 0 - 559 1,953

Adjustments to compensate for float 0 0 0 0

Other 37,925 - 11,558 + 37,198 47,576

Other liabilities and capital15 75,442 - 96 + 1,997 73,146

Total factors, other than reserve balances,

absorbing reserve funds 1,408,212 + 55,421 + 158,010 1,393,382

Reserve balances with Federal Reserve Banks 1,523,608 - 55,750 + 131,624 1,542,805

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

Mar 21, 2012 Week ended

Mar 21, 2012

Change from week ended

Mar 14, 2012 Mar 23, 2011

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,477,258 + 11,122 + 75,509 3,469,025

U.S. Treasury securities 2,740,581 + 12,602 + 100,406 2,733,209

Federal agency securities2 736,677 - 1,481 - 24,897 735,816

Securities lent to dealers 19,292 - 1,519 + 4,517 20,315

Overnight facility3 19,292 - 1,519 + 4,517 20,315

U.S. Treasury securities 18,581 - 1,370 + 4,655 19,628

Federal agency debt securities 711 - 149 - 138 687

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, March 21, 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 10 570 4,613 2,105 0 ... 7,299

U.S. Treasury securities2

Holdings 16,991 28,040 53,727 581,934 707,665 275,127 1,663,484

Weekly changes - 76 + 154 - 1,982 - 9,073 + 10,610 + 4,083 + 3,716

Federal agency debt securities3

Holdings 2,514 4,365 19,690 59,094 10,982 2,347 98,992

Weekly changes - 811 + 1,139 + 26 - 1,165 0 0 - 811

Mortgage-backed securities4

Holdings 0 0 1 11 99 851,150 851,260

Weekly changes 0 0 0 0 + 14 - 2,638 - 2,625

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 40,799 24,795 0 0 0 0 65,593

Reverse repurchase agreements6 85,888 0 ... ... ... ... 85,888

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

Mar 21, 2012 Account name

Mortgage-backed securities held outright1 851,260

Commitments to buy mortgage-backed securities2 36,826

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 172

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

Mar 21, 2012 Account name

Net portfolio holdings of Maiden Lane LLC1 5,422

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 2,150

Accrued interest payable to the Federal Reserve Bank of New York2 762

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 1,401

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

Mar 21, 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 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.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday

Mar 21, 2012 Account name

Net portfolio holdings of Maiden Lane III LLC1 17,449

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 8,271

Accrued interest payable to the Federal Reserve Bank of New York2 718

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 5,582

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

Mar 21, 2012 Account name

Asset-backed securities holdings1 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 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 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.
H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Eliminations from

consolidation

Wednesday

Mar 21, 2012

Change since

Wednesday

Mar 14, 2012

Wednesday

Mar 23, 2011

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,327 - 15 + 134

Securities, repurchase agreements, and loans 2,621,036 + 199 + 219,942

Securities held outright1 2,613,737 + 281 + 232,156

U.S. Treasury securities 1,663,484 + 3,716 + 358,245

Bills2 18,423 0 0

Notes and bonds, nominal2 1,567,314 + 2,472 + 344,625

Notes and bonds, inflation-indexed2 68,667 + 1,109 + 11,242

Inflation compensation3 9,081 + 136 + 2,379

Federal agency debt securities2 98,992 - 811 - 33,503

Mortgage-backed securities4 851,260 - 2,625 - 92,588

Repurchase agreements5 0 0 0

Loans 7,299 - 82 - 12,214

Net portfolio holdings of Maiden Lane LLC6 5,422 + 60 - 20,167

Net portfolio holdings of Maiden Lane II LLC7 19 - 3,616 - 15,881

Net portfolio holdings of Maiden Lane III LLC8 17,449 + 15 - 5,470

Net portfolio holdings of TALF LLC9 831 + 6 + 113

Items in process of collection (70) 124 - 102 - 211

Bank premises 2,385 + 1 + 166

Central bank liquidity swaps10 65,593 + 720 + 65,593

Other assets11 163,569 + 1,876 + 45,367

Total assets (70) 2,894,991 - 858 + 289,585

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

Mar 21, 2012

Change since

Wednesday

Mar 14, 2012

Wednesday

Mar 23, 2011

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,055,474 + 324 + 92,953

Reverse repurchase agreements12 85,888 - 13,362 + 24,502

Deposits (0) 1,679,522 + 13,846 + 171,785

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 1,544,629 - 21,566 + 134,161

U.S. Treasury, General Account 87,172 + 41,752 + 15,424

U.S. Treasury, Supplementary Financing Account 0 0 - 24,996

Foreign official 144 + 17 + 21

Other (0) 47,576 - 6,358 + 47,175

Deferred availability cash items (70) 961 - 436 - 596

Other liabilities and accrued dividends13 18,811 - 1,116 - 821

Total liabilities (70) 2,840,657 - 742 + 287,824

Capital accounts

Capital paid in 27,167 - 58 + 880

Surplus 27,167 - 58 + 880

Other capital accounts 0 0 0

Total capital 54,334 - 116 + 1,761

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, March 21, 2012Millions of dollars

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

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 390 3,866 432 450 872 1,394 854 319 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 Coin 2,327 63 116 161 167 412 200 327 32 Securities, repurchase agreements,

and loans 2,621,036 64,266 1,222,789 89,536 70,602 301,860 194,312 155,218 49,470 

Securities held outright1 2,613,737 64,263 1,215,500 89,536 70,602 301,860 194,312 155,218 49,470 

U.S. Treasury securities 1,663,484 40,899 773,592 56,984 44,934 192,116 123,668 98,787 31,485 

Bills2 18,423 453 8,567 631 498 2,128 1,370 1,094 349 Notes and bonds3 1,645,062 40,446 765,024 56,353 44,437 189,988 122,298 97,693 31,136 

Federal agency debt securities2 98,992 2,434 46,036 3,391 2,674 11,433 7,359 5,879 1,874 

Mortgage-backed securities4 851,260 20,929 395,873 29,161 22,994 98,312 63,285 50,552 16,112 

Repurchase agreements5 0 0 0 0 0 0 0 0 0 Loans 7,299 3 7,289 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane LLC6 5,422 0 5,422 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 17,449 0 17,449 0 0 0 0 0 0 

Net portfolio holdings of TALF LLC9 831 0 831 0 0 0 0 0 0 

Items in process of collection 194 5 0 52 29 3 32 12 4 Bank premises 2,385 123 472 67 125 231 213 204 133 Central bank liquidity swaps10 65,593 2,299 21,159 5,689 4,849 13,568 3,751 1,750 536 Other assets11 163,569 4,314 72,186 6,976 5,610 21,294 11,742 8,866 2,847 Interdistrict settlement account 0 - 4,241 + 245,229 + 8,552 - 4,047 - 131,381 - 38,359 - 10,781 - 7,086 - 

Total assets 2,895,061 67,414 1,591,354 111,675 78,022 207,272 173,939 156,875 46,407 

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, March 21, 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 1,232,399 43,851 436,985 48,289 59,852 102,753 143,916 90,392 33,360 

Less: Notes held by F.R. Banks 176,925 4,778 60,364 6,106 7,947 11,281 27,464 11,952 4,126 

Federal Reserve notes, net 1,055,474 39,072 376,621 42,183 51,905 91,472 116,452 78,440 29,234 

Reverse repurchase agreements12 85,888 2,112 39,942 2,942 2,320 9,919 6,385 5,101 1,626 

Deposits 1,679,522 23,383 1,143,571 61,618 19,172 93,886 47,160 71,340 14,867 

Term deposits held by depository

institutions 0 0 0 0 0 0 0 0 0 

Other deposits held by depository

institutions 1,544,629 23,381 1,008,845 61,603 19,168 93,791 47,158 71,307 14,867 

U.S. Treasury, General Account 87,172 0 87,172 0 0 0 0 0 0 U.S. Treasury, Supplementary

Financing Account 0 0 0 0 0 0 0 0 0 

Foreign official 144 1 117 3 3 8 2 1 0 Other 47,576 1 47,436 11 1 86 0 32 0 

Deferred availability cash items 1,031 36 3 106 96 19 224 25 24 Interest on Federal Reserve notes due

to U.S. Treasury13 1,806 -50 861 130 30 234 137 102 32 

Other liabilities and accrued

dividends14 17,005 216 12,996 290 268 825 524 432 183 

Total liabilities 2,840,727 64,769 1,573,994 107,269 73,792 196,356 170,882 155,439 45,967 Capital

Capital paid in 27,167 1,323 8,680 2,203 2,115 5,458 1,528 718 220 Surplus 27,167 1,323 8,680 2,203 2,115 5,458 1,528 718 220 Other capital 0 0 0 0 0 0 0 0 0 

Total liabilities and capital 2,895,061 67,414 1,591,354 111,675 78,022 207,272 173,939 156,875 46,407 

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, March 21, 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

Mar 21, 2012 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,232,399

Less: Notes held by F.R. Banks not subject to collateralization 176,925

Federal Reserve notes to be collateralized 1,055,474

Collateral held against Federal Reserve notes 1,055,474

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,039,237

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,613,737

Less: Face value of securities under reverse repurchase agreements 76,083

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,537,654

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.