FEDERAL RESERVE statistical release

For Release at

4:30 P.M. EDT

June 12, 2014

Table 10 line items “Less: Face value of securities under reverse repurchase agreements” and “U.S. 

Treasury, agency debt, and mortgage-backed securities eligible to be pledged” have been corrected 

to include securities pledged as collateral for tri-party reverse repurchase agreements. 

The revised data are reported at the following link: 

http://www.federalreserve.gov/releases/h41/2014update.htm. 

Historical data incorporating this correction can be accessed through the Data Download Program 

(DDP) at http://www.federalreserve.gov/datadownload/Choose.aspx?rel=H41. 
FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks March 8, 2012

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

 Mar 7, 2012 Week ended

 Mar 7, 2012

Change from week ended

Feb 29, 2012 Mar 9, 2011

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,864,875 - 43,326 + 318,189 2,867,231

Securities held outright1 2,598,227 - 4,415 + 253,205 2,599,878

U.S. Treasury securities 1,657,049 + 3,088 + 404,209 1,659,279

Bills2 18,423 0 0 18,423

Notes and bonds, nominal2 1,561,081 + 3,405 + 388,160 1,564,429

Notes and bonds, inflation-indexed2 68,508 - 271 + 13,508 67,558

Inflation compensation3 9,037 - 46 + 2,540 8,869

Federal agency debt securities2 100,382 - 435 - 42,867 99,803

Mortgage-backed securities4 840,796 - 7,069 - 108,136 840,796

Repurchase agreements5 0 0 0 0

Loans 7,520 - 68 - 12,791 7,430

Primary credit 4 - 15 - 4 9

Secondary credit 0 0 0 0

Seasonal credit 3 + 3 - 5 4

Term Asset-Backed Securities Loan Facility6 7,513 - 56 - 12,782 7,417

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 6,441 - 54 - 19,623 6,453

Net portfolio holdings of Maiden Lane II LLC8 3,823 - 2,976 - 12,067 3,635

Net portfolio holdings of Maiden Lane III LLC9 17,627 + 23 - 5,230 17,720

Net portfolio holdings of TALF LLC10 825 0 + 122 825

Float -1,013 - 167 + 824 -1,077

Central bank liquidity swaps11 71,386 - 36,392 + 71,386 71,386

Other Federal Reserve assets12 160,039 + 722 + 42,362 160,981

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding13 44,324 + 14 + 554 44,324

Total factors supplying reserve funds 2,925,440 - 43,311 + 318,743 2,927,796

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 7, 2012 Week ended

 Mar 7, 2012

Change from week ended

Feb 29, 2012 Mar 9, 2011

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation13 1,092,645 + 3,445 + 93,342 1,095,060

Reverse repurchase agreements14 87,477 - 2,327 + 31,193 86,429

Foreign official and international accounts 87,205 - 2,599 + 30,921 85,169

Others 271 + 271 + 271 1,260

Treasury cash holdings 162 + 2 - 34 166

Deposits with F.R. Banks, other than reserve balances 77,451 - 28,624 - 41,368 69,623

Term deposits held by depository institutions 0 0 - 5,070 0

U.S. Treasury, General Account 36,963 - 2,512 + 1,122 26,437

U.S. Treasury, Supplementary Financing Account 0 0 - 74,985 0

Foreign official 127 - 54 + 1 127

Service-related 1,954 - 1 - 366 1,954

Required clearing balances 1,954 - 1 - 366 1,954

Adjustments to compensate for float 0 0 0 0

Other 38,406 - 26,059 + 37,929 41,106

Other liabilities and capital15 75,648 + 154 + 2,332 74,392

Total factors, other than reserve balances,

absorbing reserve funds 1,333,383 - 27,350 + 85,465 1,325,670

Reserve balances with Federal Reserve Banks 1,592,057 - 15,961 + 233,278 1,602,126

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 7, 2012 Week ended

 Mar 7, 2012

Change from week ended

Feb 29, 2012 Mar 9, 2011

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,461,257 + 1,731 + 64,522 3,459,700

U.S. Treasury securities 2,720,821 - 311 + 84,467 2,720,492

Federal agency securities2 740,436 + 2,042 - 19,945 739,209

Securities lent to dealers 20,668 + 2,195 + 3,682 19,984

Overnight facility3 20,668 + 2,195 + 3,682 19,984

U.S. Treasury securities 19,684 + 2,286 + 3,489 19,014

Federal agency debt securities 984 - 91 + 193 970

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 7, 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 9 238 4,631 2,552 0 ... 7,430

U.S. Treasury securities2

Holdings 20,587 24,364 55,708 599,626 691,931 267,063 1,659,279

Weekly changes + 3,867 - 3,864 - 9,074 - 1,121 + 4,046 + 3,825 - 2,322

Federal agency debt securities3

Holdings 811 5,740 19,664 60,259 10,982 2,347 99,803

Weekly changes - 1,014 0 0 0 0 0 - 1,014

Mortgage-backed securities4

Holdings 0 0 1 11 85 840,699 840,796

Weekly changes 0 0 0 0 + 3 - 2 + 1

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 8,220 63,166 0 0 0 0 71,386

Reverse repurchase agreements6 86,429 0 ... ... ... ... 86,429

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 7, 2012 Account name

Mortgage-backed securities held outright1 840,796

Commitments to buy mortgage-backed securities2 46,150

Commitments to sell mortgage-backed securities2 850

Cash and cash equivalents3 13

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 7, 2012 Account name

Net portfolio holdings of Maiden Lane LLC1 6,453

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 3,265

Accrued interest payable to the Federal Reserve Bank of New York2 761

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 1,398

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 7, 2012 Account name

Net portfolio holdings of Maiden Lane II LLC1 3,635

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.3 894

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 7, 2012 Account name

Net portfolio holdings of Maiden Lane III LLC1 17,720

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 8,613

Accrued interest payable to the Federal Reserve Bank of New York2 714

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 5,575

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 7, 2012 Account name

Asset-backed securities holdings1 0

Other investments, net 825

Net portfolio holdings of TALF LLC 825

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 7, 2012

Change since

Wednesday

Feb 29, 2012

Wednesday

 Mar 9, 2011

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,362 - 21 + 134

Securities, repurchase agreements, and loans 2,607,308 - 3,484 + 228,882

Securities held outright1 2,599,878 - 3,335 + 241,628

U.S. Treasury securities 1,659,279 - 2,322 + 393,210

Bills2 18,423 0 0

Notes and bonds, nominal2 1,564,429 - 795 + 379,189

Notes and bonds, inflation-indexed2 67,558 - 1,330 + 11,701

Inflation compensation3 8,869 - 197 + 2,320

Federal agency debt securities2 99,803 - 1,014 - 43,446

Mortgage-backed securities4 840,796 + 1 - 108,136

Repurchase agreements5 0 0 0

Loans 7,430 - 150 - 12,746

Net portfolio holdings of Maiden Lane LLC6 6,453 + 14 - 19,626

Net portfolio holdings of Maiden Lane II LLC7 3,635 - 3,666 - 12,256

Net portfolio holdings of Maiden Lane III LLC8 17,720 + 109 - 5,257

Net portfolio holdings of TALF LLC9 825 0 + 122

Items in process of collection (68) 165 + 11 - 15

Bank premises 2,385 - 3 + 171

Central bank liquidity swaps10 71,386 - 36,377 + 71,386

Other assets11 158,579 + 2,433 + 42,373

Total assets (68) 2,887,054 - 40,988 + 305,914

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 7, 2012

Change since

Wednesday

Feb 29, 2012

Wednesday

 Mar 9, 2011

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,053,260 + 3,384 + 93,305

Reverse repurchase agreements12 86,429 - 1,124 + 30,482

Deposits (0) 1,671,731 - 42,748 + 181,095

Term deposits held by depository institutions 0 0 - 5,070

Other deposits held by depository institutions 1,604,062 - 3,045 + 222,719

U.S. Treasury, General Account 26,437 - 36,105 - 2,234

U.S. Treasury, Supplementary Financing Account 0 0 - 74,985

Foreign official 127 0 + 3

Other (0) 41,106 - 3,596 + 40,663

Deferred availability cash items (68) 1,242 + 178 - 918

Other liabilities and accrued dividends13 19,947 - 603 + 578

Total liabilities (68) 2,832,609 - 40,914 + 304,542

Capital accounts

Capital paid in 27,223 - 37 + 687

Surplus 27,223 - 37 + 687

Other capital accounts 0 0 0

Total capital 54,445 - 74 + 1,372

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 7, 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 2,362 62 119 161 167 418 204 334 33 Securities, repurchase agreements,

and loans 2,607,308 63,922 1,216,472 89,062 70,228 300,259 193,282 154,403 49,208 

Securities held outright1 2,599,878 63,922 1,209,055 89,062 70,228 300,259 193,282 154,395 49,208 

U.S. Treasury securities 1,659,279 40,796 771,636 56,840 44,821 191,630 123,355 98,537 31,405 

Bills2 18,423 453 8,567 631 498 2,128 1,370 1,094 349 Notes and bonds3 1,640,856 40,343 763,069 56,209 44,323 189,502 121,986 97,443 31,057 

Federal agency debt securities2 99,803 2,454 46,413 3,419 2,696 11,526 7,420 5,927 1,889 

Mortgage-backed securities4 840,796 20,672 391,006 28,802 22,712 97,103 62,507 49,931 15,914 

Repurchase agreements5 0 0 0 0 0 0 0 0 0 Loans 7,430 0 7,417 0 0 0 0 9 0 

Net portfolio holdings of Maiden

Lane LLC6 6,453 0 6,453 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane II LLC7 3,635 0 3,635 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane III LLC8 17,720 0 17,720 0 0 0 0 0 0 

Net portfolio holdings of TALF LLC9 825 0 825 0 0 0 0 0 0 

Items in process of collection 233 7 1 56 39 4 11 18 5 Bank premises 2,385 123 472 66 125 231 213 204 133 Central bank liquidity swaps10 71,386 2,502 23,027 6,192 5,278 14,766 4,082 1,905 584 Other assets11 158,579 4,191 69,834 6,820 5,490 20,744 11,378 8,567 2,749 Interdistrict settlement account 0 - 6,006 + 220,811 - 2,263 - 4,349 - 111,916 - 32,006 - 9,521 - 4,673 - 

Total assets 2,887,123 65,387 1,565,053 100,736 77,664 225,791 179,210 157,189 48,508 

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 7, 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 1,227,332 44,159 438,153 48,231 60,042 102,171 143,304 87,924 33,517 

Less: Notes held by F.R. Banks 174,072 4,724 58,420 6,119 8,102 11,123 26,619 11,473 3,948 

Federal Reserve notes, net 1,053,260 39,435 379,733 42,113 51,940 91,049 116,685 76,452 29,569 

Reverse repurchase agreements12 86,429 2,125 40,193 2,961 2,335 9,982 6,425 5,133 1,636 

Deposits 1,671,731 21,062 1,112,195 50,645 18,792 112,796 52,195 73,636 16,629 

Term deposits held by depository

institutions 0 0 0 0 0 0 0 0 0 

Other deposits held by depository

institutions 1,604,062 21,043 1,044,785 50,631 18,789 112,633 52,193 73,606 16,629 

U.S. Treasury, General Account 26,437 0 26,437 0 0 0 0 0 0 U.S. Treasury, Supplementary

Financing Account 0 0 0 0 0 0 0 0 0 

Foreign official 127 1 100 3 3 8 2 1 0 Other 41,106 18 40,874 10 0 155 0 29 0 

Deferred availability cash items 1,310 46 0 115 155 26 281 34 33 Interest on Federal Reserve notes due

to U.S. Treasury13 1,410 -126 779 98 -40 253 81 95 27 

Other liabilities and accrued

dividends14 18,537 201 14,813 268 251 770 487 405 175 

Total liabilities 2,832,677 62,743 1,547,713 96,199 73,434 214,874 176,154 155,753 48,068 Capital

Capital paid in 27,223 1,322 8,670 2,269 2,115 5,458 1,528 718 220 Surplus 27,223 1,322 8,670 2,269 2,115 5,458 1,528 718 220 Other capital 0 0 0 0 0 0 0 0 0 

Total liabilities and capital 2,887,123 65,387 1,565,053 100,736 77,664 225,791 179,210 157,189 48,508 

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 7, 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 7, 2012 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,227,332

Less: Notes held by F.R. Banks not subject to collateralization 174,072

Federal Reserve notes to be collateralized 1,053,260

Collateral held against Federal Reserve notes 1,053,260

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,037,023

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,599,878

Less: Face value of securities under reverse repurchase agreements 75,104

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,524,774

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.