FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks April 12, 2012

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

Apr 11, 2012 Week ended

Apr 11, 2012

Change from week ended

 Apr 4, 2012 Apr 13, 2011

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,844,188 + 994 + 200,904 2,849,900

Securities held outright1 2,609,805 + 11,743 + 172,732 2,614,364

U.S. Treasury securities 1,676,534 + 11,741 + 308,422 1,681,093

Bills2 18,423 0 0 18,423

Notes and bonds, nominal2 1,579,050 + 10,772 + 295,779 1,584,710

Notes and bonds, inflation-indexed2 69,654 + 794 + 10,168 68,754

Inflation compensation3 9,407 + 175 + 2,475 9,206

Federal agency debt securities2 96,478 0 - 35,328 96,478

Mortgage-backed securities4 836,793 + 1 - 100,362 836,793

Repurchase agreements5 0 0 0 0

Loans 7,057 - 13 - 11,185 7,020

Primary credit 3 - 7 - 18 10

Secondary credit 0 0 0 0

Seasonal credit 8 + 4 + 3 9

Term Asset-Backed Securities Loan Facility6 7,046 - 10 - 11,170 7,001

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 5,445 + 4 - 20,174 5,470

Net portfolio holdings of Maiden Lane II LLC8 19 0 - 15,800 19

Net portfolio holdings of Maiden Lane III LLC9 17,518 + 52 - 5,496 17,586

Net portfolio holdings of TALF LLC10 831 0 + 113 831

Float -798 + 236 + 533 -940

Central bank liquidity swaps11 32,471 - 14,011 + 32,471 32,471

Other Federal Reserve assets12 171,841 + 2,983 + 47,710 173,079

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding13 44,373 + 14 + 532 44,373

Total factors supplying reserve funds 2,904,802 + 1,008 + 201,436 2,910,514

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

Apr 11, 2012 Week ended

Apr 11, 2012

Change from week ended

 Apr 4, 2012 Apr 13, 2011

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation13 1,100,922 + 1,475 + 91,518 1,101,812

Reverse repurchase agreements14 89,925 + 403 + 33,126 88,889

Foreign official and international accounts 89,925 + 403 + 33,126 88,889

Others 0 0 0 0

Treasury cash holdings 142 - 7 - 74 139

Deposits with F.R. Banks, other than reserve balances 89,004 - 2,961 + 47,468 78,636

Term deposits held by depository institutions 3,057 0 - 2,024 3,057

U.S. Treasury, General Account 45,289 - 9,610 + 19,870 35,524

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

Foreign official 132 + 5 + 3 127

Service-related 1,930 - 7 - 621 1,930

Required clearing balances 1,930 - 7 - 621 1,930

Adjustments to compensate for float 0 0 0 0

Other 38,597 + 6,652 + 35,240 37,997

Other liabilities and capital15 74,052 + 180 + 890 74,176

Total factors, other than reserve balances,

absorbing reserve funds 1,354,046 - 909 + 172,929 1,343,652

Reserve balances with Federal Reserve Banks 1,550,756 + 1,917 + 28,507 1,566,862

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

Apr 11, 2012 Week ended

Apr 11, 2012

Change from week ended

 Apr 4, 2012 Apr 13, 2011

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,489,207 + 1,731 + 71,398 3,485,568

U.S. Treasury securities 2,759,418 + 5,580 + 104,499 2,756,635

Federal agency securities2 729,789 - 3,849 - 33,101 728,933

Securities lent to dealers 19,057 - 1,548 - 5,414 17,228

Overnight facility3 19,057 - 1,548 - 5,414 17,228

U.S. Treasury securities 18,231 - 1,586 - 5,051 16,452

Federal agency debt securities 825 + 37 - 365 776

Note: Components may not sum to totals because of rounding.

1. Face value of the securities. Includes U.S. Treasury STRIPS and other zero-coupon bonds at face value and mortgage-backed securities at original

face value.

2. Includes debt and mortgage-backed securities.

3. Fully collateralized by U.S. Treasury securities.

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, April 11, 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 22 566 4,397 2,034 0 ... 7,020

U.S. Treasury securities2

Holdings 24,493 19,204 52,712 575,194 721,325 288,165 1,681,093

Weekly changes - 3,518 + 3,520 - 1,473 - 96 + 9,534 + 3,756 + 11,722

Federal agency debt securities3

Holdings 1,907 3,087 19,431 58,724 10,982 2,347 96,478

Weekly changes + 629 - 629 + 370 - 370 0 0 0

Mortgage-backed securities4

Holdings 0 0 2 9 103 836,679 836,793

Weekly changes 0 0 0 0 0 0 0

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 10,736 21,735 0 0 0 0 32,471

Reverse repurchase agreements6 88,889 0 ... ... ... ... 88,889

Term deposits 3,057 0 0 ... ... ... 3,057

Note: Components may not sum to totals because of rounding.

. . . Not applicable.

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden

Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY’s statement of condition consistent with consolidation

under generally accepted accounting principles.

2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the

original face value of such securities.

3. Face value.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the

underlying mortgages.

5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.

6. Cash value of agreements.

7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to

the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign

central bank.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Wednesday

Apr 11, 2012 Account name

Mortgage-backed securities held outright1 836,793

Commitments to buy mortgage-backed securities2 56,318

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 4

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

Apr 11, 2012 Account name

Net portfolio holdings of Maiden Lane LLC1 5,470

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 764

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 1,405

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

Apr 11, 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

Apr 11, 2012 Account name

Net portfolio holdings of Maiden Lane III LLC1 17,586

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 725

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 5,592

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

Apr 11, 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

Apr 11, 2012

Change since

Wednesday

 Apr 4, 2012

Wednesday

Apr 13, 2011

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,269 - 24 + 90

Securities, repurchase agreements, and loans 2,621,384 + 11,669 + 160,791

Securities held outright1 2,614,364 + 11,722 + 171,626

U.S. Treasury securities 1,681,093 + 11,722 + 306,398

Bills2 18,423 0 0

Notes and bonds, nominal2 1,584,710 + 13,223 + 294,884

Notes and bonds, inflation-indexed2 68,754 - 1,260 + 9,268

Inflation compensation3 9,206 - 241 + 2,246

Federal agency debt securities2 96,478 0 - 34,410

Mortgage-backed securities4 836,793 0 - 100,362

Repurchase agreements5 0 0 0

Loans 7,020 - 52 - 10,835

Net portfolio holdings of Maiden Lane LLC6 5,470 + 30 - 20,142

Net portfolio holdings of Maiden Lane II LLC7 19 0 - 15,828

Net portfolio holdings of Maiden Lane III LLC8 17,586 + 79 - 5,465

Net portfolio holdings of TALF LLC9 831 0 + 113

Items in process of collection (67) 166 + 753 + 36

Bank premises 2,353 + 1 + 140

Central bank liquidity swaps10 32,471 - 14,011 + 32,471

Other assets11 170,734 + 3,221 + 47,732

Total assets (67) 2,869,519 + 1,719 + 199,936

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

Apr 11, 2012

Change since

Wednesday

 Apr 4, 2012

Wednesday

Apr 13, 2011

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,059,842 + 322 + 90,058

Reverse repurchase agreements12 88,889 + 5,538 + 34,867

Deposits (0) 1,645,506 - 5,501 + 74,224

Term deposits held by depository institutions 3,057 0 - 2,024

Other deposits held by depository institutions 1,568,800 + 6,448 + 34,606

U.S. Treasury, General Account 35,524 - 21,250 + 10,752

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

Foreign official 127 0 + 4

Other (0) 37,997 + 9,300 + 35,885

Deferred availability cash items (67) 1,106 - 181 - 556

Other liabilities and accrued dividends13 19,735 + 1,534 - 516

Total liabilities (67) 2,815,078 + 1,712 + 198,077

Capital accounts

Capital paid in 27,220 + 3 + 929

Surplus 27,220 + 3 + 929

Other capital accounts 0 0 0

Total capital 54,441 + 7 + 1,859

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, April 11, 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 2,269 55 112 154 161 406 197 325 32 Securities, repurchase agreements,

and loans 2,621,384 64,282 1,222,794 89,558 70,619 301,932 194,359 155,266 49,482 

Securities held outright1 2,614,364 64,278 1,215,792 89,558 70,619 301,932 194,359 155,255 49,482 

U.S. Treasury securities 1,681,093 41,332 781,780 57,588 45,410 194,149 124,977 99,832 31,818 

Bills2 18,423 453 8,567 631 498 2,128 1,370 1,094 349 Notes and bonds3 1,662,671 40,879 773,213 56,957 44,912 192,022 123,607 98,738 31,469 

Federal agency debt securities2 96,478 2,372 44,866 3,305 2,606 11,142 7,172 5,729 1,826 

Mortgage-backed securities4 836,793 20,574 389,145 28,665 22,604 96,641 62,209 49,693 15,838 

Repurchase agreements5 0 0 0 0 0 0 0 0 0 Loans 7,020 4 7,002 0 0 0 0 11 0 

Net portfolio holdings of Maiden

Lane LLC6 5,470 0 5,470 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 17,586 0 17,586 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 233 8 0 45 35 3 58 14 5 Bank premises 2,353 122 445 66 124 231 212 203 133 Central bank liquidity swaps10 32,471 1,138 10,474 2,816 2,401 6,717 1,857 866 266 Other assets11 170,734 4,492 75,476 7,205 5,818 22,153 12,288 9,291 2,992 Interdistrict settlement account 0 - 110 + 188,402 + 8,859 - 2,813 - 105,395 - 35,232 - 2,448 - 6,017 - 

Total assets 2,869,586 70,574 1,527,295 109,346 77,031 227,331 175,787 164,795 47,361 

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, April 11, 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 1,238,077 45,909 435,220 48,242 59,999 102,579 143,843 95,429 33,221 

Less: Notes held by F.R. Banks 178,235 4,666 64,142 5,739 7,910 10,968 26,521 11,952 4,191 

Federal Reserve notes, net 1,059,842 41,243 371,079 42,503 52,090 91,611 117,323 83,476 29,030 

Reverse repurchase agreements12 88,889 2,185 41,337 3,045 2,401 10,266 6,608 5,279 1,682 

Deposits 1,645,506 24,199 1,082,675 58,929 17,874 113,468 47,958 73,956 15,965 

Term deposits held by depository

institutions 3,057 15 2,094 451 0 43 5 8 0 

Other deposits held by depository

institutions 1,568,800 24,180 1,007,214 58,460 17,870 113,221 47,950 73,914 15,964 

U.S. Treasury, General Account 35,524 0 35,524 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 37,998 3 37,743 14 1 196 0 32 0 

Deferred availability cash items 1,172 42 0 100 111 23 220 29 30 Interest on Federal Reserve notes due

to U.S. Treasury13 1,929 49 927 71 59 233 129 106 32 

Other liabilities and accrued

dividends14 17,806 210 13,923 284 267 814 493 409 181 

Total liabilities 2,815,145 67,929 1,509,941 104,931 72,801 216,414 172,730 163,255 46,920 Capital

Capital paid in 27,220 1,323 8,677 2,207 2,115 5,458 1,528 770 220 Surplus 27,220 1,323 8,677 2,207 2,115 5,458 1,528 770 220 Other capital 0 0 0 0 0 0 0 0 0 

Total liabilities and capital 2,869,586 70,574 1,527,295 109,346 77,031 227,331 175,787 164,795 47,361 

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, April 11, 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

Apr 11, 2012 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,238,077

Less: Notes held by F.R. Banks not subject to collateralization 178,235

Federal Reserve notes to be collateralized 1,059,842

Collateral held against Federal Reserve notes 1,059,842

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,043,605

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,614,364

Less: Face value of securities under reverse repurchase agreements 77,423

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,536,942

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.