FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks March 29, 2012

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

Mar 28, 2012 Week ended

Mar 28, 2012

Change from week ended

Mar 21, 2012 Mar 30, 2011

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,872,714 + 1,487 + 275,330 2,860,948

Securities held outright1 2,609,857 + 220 + 216,018 2,598,175

U.S. Treasury securities 1,667,941 + 5,464 + 344,708 1,664,911

Bills2 18,423 0 0 18,423

Notes and bonds, nominal2 1,571,722 + 5,387 + 331,311 1,568,664

Notes and bonds, inflation-indexed2 68,667 0 + 11,018 68,667

Inflation compensation3 9,129 + 77 + 2,379 9,158

Federal agency debt securities2 96,837 - 2,155 - 35,658 96,478

Mortgage-backed securities4 845,079 - 3,089 - 93,032 836,786

Repurchase agreements5 0 0 0 0

Loans 7,077 - 302 - 12,286 7,061

Primary credit 4 - 8 - 7 1

Secondary credit 0 0 0 0

Seasonal credit 5 - 1 0 3

Term Asset-Backed Securities Loan Facility6 7,067 - 295 - 12,279 7,056

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 5,422 + 51 - 20,167 5,417

Net portfolio holdings of Maiden Lane II LLC8 19 - 1,157 - 15,887 19

Net portfolio holdings of Maiden Lane III LLC9 17,450 + 14 - 5,470 17,455

Net portfolio holdings of TALF LLC10 831 + 5 + 113 831

Float -835 + 13 + 332 -946

Central bank liquidity swaps11 65,069 - 524 + 65,069 65,068

Other Federal Reserve assets12 167,825 + 3,169 + 47,609 167,868

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding13 44,366 + 14 + 581 44,366

Total factors supplying reserve funds 2,933,321 + 1,501 + 275,911 2,921,554

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 28, 2012 Week ended

Mar 28, 2012

Change from week ended

Mar 21, 2012 Mar 30, 2011

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation13 1,096,554 + 412 + 93,182 1,098,319

Reverse repurchase agreements14 85,084 - 8,886 + 20,904 83,227

Foreign official and international accounts 85,084 - 7,815 + 21,585 83,227

Others 0 - 1,071 - 681 0

Treasury cash holdings 159 - 4 - 53 150

Deposits with F.R. Banks, other than reserve balances 150,890 + 8,395 + 84,222 103,554

Term deposits held by depository institutions 3,057 + 3,057 + 3,057 3,057

U.S. Treasury, General Account 84,043 - 18,445 + 25,528 68,452

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

Foreign official 137 + 7 + 12 127

Service-related 1,937 - 16 - 576 1,937

Required clearing balances 1,937 - 16 - 576 1,937

Adjustments to compensate for float 0 0 0 0

Other 61,717 + 23,792 + 61,201 29,981

Other liabilities and capital15 74,114 - 1,328 + 1,432 73,236

Total factors, other than reserve balances,

absorbing reserve funds 1,406,800 - 1,412 + 199,686 1,358,486

Reserve balances with Federal Reserve Banks 1,526,521 + 2,913 + 76,225 1,563,069

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 28, 2012 Week ended

Mar 28, 2012

Change from week ended

Mar 21, 2012 Mar 30, 2011

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,474,148 - 3,110 + 66,535 3,474,615

U.S. Treasury securities 2,740,870 + 289 + 98,743 2,740,634

Federal agency securities2 733,278 - 3,399 - 32,208 733,981

Securities lent to dealers 19,779 + 487 - 674 20,944

Overnight facility3 19,779 + 487 - 674 20,944

U.S. Treasury securities 19,062 + 481 - 249 20,232

Federal agency debt securities 717 + 6 - 426 712

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 28, 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 5 570 4,387 2,099 0 ... 7,061

U.S. Treasury securities2

Holdings 14,488 30,546 52,099 574,954 711,708 281,117 1,664,911

Weekly changes - 2,503 + 2,506 - 1,628 - 6,980 + 4,043 + 5,990 + 1,427

Federal agency debt securities3

Holdings 0 4,994 19,061 59,094 10,982 2,347 96,478

Weekly changes - 2,514 + 629 - 629 0 0 0 - 2,514

Mortgage-backed securities4

Holdings 0 0 1 10 97 836,678 836,786

Weekly changes 0 0 0 - 1 - 2 - 14,472 - 14,474

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 40,273 24,795 0 0 0 0 65,068

Reverse repurchase agreements6 83,227 0 ... ... ... ... 83,227

Term deposits 0 3,057 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

Mar 28, 2012 Account name

Mortgage-backed securities held outright1 836,786

Commitments to buy mortgage-backed securities2 43,724

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 117

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 28, 2012 Account name

Net portfolio holdings of Maiden Lane LLC1 5,417

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 763

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 1,402

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 28, 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 28, 2012 Account name

Net portfolio holdings of Maiden Lane III LLC1 17,455

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 721

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 5,585

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 28, 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 28, 2012

Change since

Wednesday

Mar 21, 2012

Wednesday

Mar 30, 2011

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,319 - 8 + 137

Securities, repurchase agreements, and loans 2,605,236 - 15,800 + 182,888

Securities held outright1 2,598,175 - 15,562 + 195,080

U.S. Treasury securities 1,664,911 + 1,427 + 331,466

Bills2 18,423 0 0

Notes and bonds, nominal2 1,568,664 + 1,350 + 319,440

Notes and bonds, inflation-indexed2 68,667 0 + 9,674

Inflation compensation3 9,158 + 77 + 2,353

Federal agency debt securities2 96,478 - 2,514 - 36,017

Mortgage-backed securities4 836,786 - 14,474 - 100,369

Repurchase agreements5 0 0 0

Loans 7,061 - 238 - 12,193

Net portfolio holdings of Maiden Lane LLC6 5,417 - 5 - 20,171

Net portfolio holdings of Maiden Lane II LLC7 19 0 - 15,922

Net portfolio holdings of Maiden Lane III LLC8 17,455 + 6 - 5,472

Net portfolio holdings of TALF LLC9 831 0 + 113

Items in process of collection (63) 36 - 88 - 115

Bank premises 2,383 - 2 + 164

Central bank liquidity swaps10 65,068 - 525 + 65,068

Other assets11 165,461 + 1,892 + 47,184

Total assets (63) 2,880,463 - 14,528 + 253,874

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 28, 2012

Change since

Wednesday

Mar 21, 2012

Wednesday

Mar 30, 2011

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,056,418 + 944 + 92,427

Reverse repurchase agreements12 83,227 - 2,661 + 17,416

Deposits (0) 1,666,599 - 12,923 + 143,211

Term deposits held by depository institutions 3,057 + 3,057 + 3,057

Other deposits held by depository institutions 1,564,982 + 20,353 + 106,817

U.S. Treasury, General Account 68,452 - 18,720 + 9,251

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

Foreign official 127 - 17 - 4

Other (0) 29,981 - 17,595 + 29,089

Deferred availability cash items (63) 983 + 22 - 712

Other liabilities and accrued dividends13 18,802 - 9 - 321

Total liabilities (63) 2,826,029 - 14,628 + 252,022

Capital accounts

Capital paid in 27,217 + 50 + 926

Surplus 27,217 + 50 + 926

Other capital accounts 0 0 0

Total capital 54,434 + 100 + 1,852

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 28, 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 2,319 58 116 159 164 413 202 327 35 Securities, repurchase agreements,

and loans 2,605,236 63,883 1,215,319 89,003 70,182 300,063 193,155 154,294 49,176 

Securities held outright1 2,598,175 63,880 1,208,263 89,003 70,182 300,063 193,155 154,294 49,176 

U.S. Treasury securities 1,664,911 40,934 774,255 57,033 44,973 192,280 123,774 98,872 31,512 

Bills2 18,423 453 8,567 631 498 2,128 1,370 1,094 349 Notes and bonds3 1,646,489 40,481 765,688 56,402 44,475 190,153 122,404 97,777 31,163 

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 836,786 20,574 389,141 28,665 22,603 96,640 62,209 49,693 15,838 

Repurchase agreements5 0 0 0 0 0 0 0 0 0 Loans 7,061 3 7,056 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane LLC6 5,417 0 5,417 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 17,455 0 17,455 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 99 6 0 46 28 3 -58 16 4 Bank premises 2,383 122 472 67 125 230 213 204 133 Central bank liquidity swaps10 65,068 2,281 20,989 5,644 4,810 13,460 3,721 1,736 532 Other assets11 165,461 4,361 73,028 7,052 5,673 21,530 11,880 8,970 2,880 Interdistrict settlement account 0 + 730 + 230,294 + 8,486 - 5,652 - 121,296 - 33,937 - 10,507 - 7,363 - 

Total assets 2,880,526 72,028 1,569,624 111,098 76,018 215,687 177,224 156,317 45,866 

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 28, 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 1,233,752 43,820 436,308 48,243 59,875 102,629 143,727 92,815 33,314 

Less: Notes held by F.R. Banks 177,334 4,785 62,112 6,087 7,783 11,116 26,601 12,073 4,201 

Federal Reserve notes, net 1,056,418 39,034 374,196 42,156 52,091 91,513 117,126 80,742 29,113 

Reverse repurchase agreements12 83,227 2,046 38,704 2,851 2,248 9,612 6,187 4,942 1,575 

Deposits 1,666,599 28,064 1,125,305 61,244 17,030 102,590 50,027 68,609 14,512 

Term deposits held by depository

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

Other deposits held by depository

institutions 1,564,982 28,048 1,024,803 60,779 17,026 102,465 50,019 68,567 14,511 

U.S. Treasury, General Account 68,452 0 68,452 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 29,981 0 29,856 10 1 73 0 32 0 

Deferred availability cash items 1,046 36 0 90 97 18 194 28 23 Interest on Federal Reserve notes due

to U.S. Treasury13 1,667 -10 805 71 58 227 126 41 29 

Other liabilities and accrued

dividends14 17,135 213 13,261 280 263 810 508 415 174 

Total liabilities 2,826,092 69,383 1,552,271 106,692 71,788 204,770 174,167 154,777 45,427 Capital

Capital paid in 27,217 1,323 8,677 2,203 2,115 5,458 1,528 770 220 Surplus 27,217 1,323 8,677 2,203 2,115 5,458 1,528 770 220 Other capital 0 0 0 0 0 0 0 0 0 

Total liabilities and capital 2,880,526 72,028 1,569,624 111,098 76,018 215,687 177,224 156,317 45,866 

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 28, 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 28, 2012 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,233,752

Less: Notes held by F.R. Banks not subject to collateralization 177,334

Federal Reserve notes to be collateralized 1,056,418

Collateral held against Federal Reserve notes 1,056,418

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,040,182

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,598,175

Less: Face value of securities under reverse repurchase agreements 73,071

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,525,104

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.