FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                                 May 24, 2012
 
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                         Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended   Change from week ended   May 23, 2012
Federal Reserve Banks                                     May 23, 2012 May 16, 2012 May 25, 2011
 
Reserve Bank credit                                        2,842,558   +    2,137   +   91,882    2,842,547
  Securities held outright (1)                             2,615,867   +    7,038   +   69,450    2,615,062
    U.S. Treasury securities                               1,659,826   -    1,121   +  155,238    1,656,824
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                         1,564,274   -    1,253   +  146,949    1,561,224
      Notes and bonds, inflation-indexed (2)                  67,654            0   +    6,650       67,654
      Inflation compensation (3)                               9,475   +      132   +    1,638        9,523
    Federal agency debt securities (2)                        93,383   -    1,072   -   25,822       93,252
    Mortgage-backed securities (4)                           862,658   +    9,232   -   59,967      864,985
  Repurchase agreements (5)                                        0            0            0            0
  Loans                                                        6,153   -      276   -    8,498        5,834
    Primary credit                                                13   +        3   +        2           22
    Secondary credit                                               0            0            0            0
    Seasonal credit                                               27   -        1   +        5           32
    Term Asset-Backed Securities Loan Facility (6)             6,112   -      279   -    8,505        5,780
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Maiden Lane LLC (7)                3,855   -      192   -   20,572        3,871
  Net portfolio holdings of Maiden Lane II LLC (8)                19            0   -   14,968           19
  Net portfolio holdings of Maiden Lane III LLC (9)           15,124   +        5   -    9,251       15,152
  Net portfolio holdings of TALF LLC (10)                        838   +        2   +       94          841
  Float                                                         -678   +      131   +      157         -691
  Central bank liquidity swaps (11)                           26,425   -       25   +   26,425       26,425
  Other Federal Reserve assets (12)                          174,954   -    4,548   +   49,045      176,033
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (13)                            44,487   +       14   +      607       44,487

Total factors supplying reserve funds                      2,903,286   +    2,151   +   92,489    2,903,275
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                         Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended   Change from week ended   May 23, 2012
Federal Reserve Banks                                     May 23, 2012 May 16, 2012 May 25, 2011
 
Currency in circulation (13)                               1,103,490   +      211   +   85,732    1,105,938
Reverse repurchase agreements (14)                            93,658   +      265   +   38,376       93,575
  Foreign official and international accounts                 93,658   +      265   +   38,376       93,575
  Others                                                           0            0            0            0
Treasury cash holdings                                           134   -        2   -        7          141
Deposits with F.R. Banks, other than reserve balances        116,582   -    9,621   +   24,262      104,300
  Term deposits held by depository institutions                3,053   +    3,053   +    3,053        3,053
  U.S. Treasury, General Account                              90,083   -    9,793   +    5,824       80,366
  U.S. Treasury, Supplementary Financing Account                   0            0   -    5,000            0
  Foreign official                                               129   -       25   +        2          129
  Service-related                                              1,903   -        3   -      640        1,903
    Required clearing balances                                 1,903   -        3   -      640        1,903
    Adjustments to compensate for float                            0            0            0            0
  Other                                                       21,413   -    2,853   +   21,022       18,849
Other liabilities and capital (15)                            76,082   -      231   +    2,294       75,061

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,389,947   -    9,376   +  150,658    1,379,015

Reserve balances with Federal Reserve Banks                1,513,339   +   11,527   -   58,169    1,524,260
 
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.

 
1A. Memorandum Items
Millions of dollars
                                                                Averages of daily figures         Wednesday  
                                                           Week ended   Change from week ended   May 23, 2012
Memorandum item                                           May 23, 2012 May 16, 2012 May 25, 2011
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,506,654   +   16,370   +   64,471    3,510,097
  U.S. Treasury securities                                 2,794,083   +   15,021   +   95,246    2,788,702
  Federal agency securities (2)                              712,571   +    1,349   -   30,775      721,396
Securities lent to dealers                                    14,116   +    1,146   -    3,126       15,075
  Overnight facility (3)                                      14,116   +    1,146   -    3,126       15,075
    U.S. Treasury securities                                  13,505   +    1,215   -    2,719       14,553
    Federal agency debt securities                               611   -       69   -      407          522
 
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,       May 23, 2012
Millions of dollars
                                       Within 15    16 days to   91 days to  Over 1 year  Over 5 years    Over 10        All     
Remaining maturity                        days       90 days       1 year     to 5 years   to 10 years     years    
 
Loans (1)                                     50        1,134        2,846        1,804            0           ...        5,834
U.S. Treasury securities (2)
  Holdings                                12,139       21,995       36,607      543,351      730,251       312,480    1,656,824
  Weekly changes                      -    2,504   +   10,710   -   12,509   -    4,314   +    6,388    +    2,258   +       31
Federal agency debt securities (3)
  Holdings                                     0        5,284       15,915       63,219        6,487         2,347       93,252
  Weekly changes                      -      914   +    1,133   -    1,133            0            0             0   -      914
Mortgage-backed securities (4)
  Holdings                                     0            0            2            8          109       864,867      864,985
  Weekly changes                               0            0            0            0   +       11    +    6,746   +    6,756
Asset-backed securities held by
   TALF LLC (5)                                0            0            0            0            0             0            0
Repurchase agreements (6)                      0            0          ...          ...          ...           ...            0
Central bank liquidity swaps (7)          14,926       11,500            0            0            0             0       26,425

Reverse repurchase agreements (6)         93,575            0          ...          ...          ...           ...       93,575
Term deposits                                  0        3,053            0          ...          ...           ...        3,053
 
Note: Components may not sum to totals because of rounding.
. . . Not applicable.

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III
   LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation
   under generally accepted accounting principles.
2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of
   inflation on the original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal
   balance of the underlying mortgages.
5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.
6. Cash value of agreements.
7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency
   is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was
   acquired from the foreign central bank.

 
3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           May 23, 2012 
 
Mortgage-backed securities held outright (1)                                                                             864,985

Commitments to buy mortgage-backed securities (2)                                                                         30,527
Commitments to sell mortgage-backed securities (2)                                                                             0

Cash and cash equivalents (3)                                                                                                249
 
1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal
   balance of the underlying mortgages.
2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls,
   and coupon swaps.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8 and table 9.

 
4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           May 23, 2012 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                              3,871

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                    366
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         765
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,414
 
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
       March 31, 2012. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of
section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to
manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets.
Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses
of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to
JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.

 
5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           May 23, 2012 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                              19

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                      0
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                           0
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
       March 31, 2012. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of
   American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued
   interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table
   8 and table 9.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential
mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group,
Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred
payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.

 
6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           May 23, 2012 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         15,152

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  2,768
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         735
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,613
 
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
       March 31, 2012. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector
collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written
credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the
related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to
AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.

 
7. Information on Principal Accounts of TALF LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           May 23, 2012 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       841
Net portfolio holdings of TALF LLC                                                                                           841

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                      0
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                           0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3)                                        111
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF)
under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New
York (FRBNY) extends loans with a term of up to five years to holders of eligible asset-backed securities. The TALF is intended to
assist financial markets in accommodating the credit needs of consumers and businesses by facilitating the issuance of asset-backed
securities collateralized by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are
non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The loans
are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial
risk of a decline in the value of the security.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in
connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed
securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest.
Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF
LLC, by the interest received on investments of TALF LLC, by up to $4.3 billion in subordinated debt funding provided by the U.S.
Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio
holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S.
Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the
U.S. Treasury.

 
8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation   May 23, 2012   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      May 16, 2012 May 25, 2011
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,180    -       19   +       50
  Securities, repurchase agreements, and loans                           2,620,896    +    5,314   +   50,351
    Securities held outright (1)                                         2,615,062    +    5,874   +   58,786
      U.S. Treasury securities                                           1,656,824    +       31   +  137,497
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                     1,561,224    -      101   +  129,215
        Notes and bonds, inflation-indexed (2)                              67,654             0   +    6,650
        Inflation compensation (3)                                           9,523    +      131   +    1,631
      Federal agency debt securities (2)                                    93,252    -      914   -   25,841
      Mortgage-backed securities (4)                                       864,985    +    6,756   -   52,871
    Repurchase agreements (5)                                                    0             0            0
    Loans                                                                    5,834    -      559   -    8,436
  Net portfolio holdings of Maiden Lane LLC (6)                              3,871    +       18   -   20,604
  Net portfolio holdings of Maiden Lane II LLC (7)                              19             0   -   14,990
  Net portfolio holdings of Maiden Lane III LLC (8)                         15,152    +       33   -    9,227
  Net portfolio holdings of TALF LLC (9)                                       841    +        5   +       95
  Items in process of collection                             (82)              162    -       12   -      110
  Bank premises                                                              2,369    +        2   +      156
  Central bank liquidity swaps (10)                                         26,425    -       25   +   26,425
  Other assets (11)                                                        173,652    +    3,189   +   50,556

Total assets                                                 (82)        2,861,804    +    8,504   +   82,701
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation   May 23, 2012   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      May 16, 2012 May 25, 2011
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                       1,063,767    +    2,124   +   84,607
  Reverse repurchase agreements (12)                                        93,575    +    2,553   +   39,394
  Deposits                                                    (3)        1,628,548    +    3,565   -   42,742
    Term deposits held by depository institutions                            3,053    +    3,053   +    3,053
    Other deposits held by depository institutions                       1,526,151    +   10,449   -   65,940
    U.S. Treasury, General Account                                          80,366    -   20,669   +    6,672
    U.S. Treasury, Supplementary Financing Account                               0             0   -    5,000
    Foreign official                                                           129    -       11   +        3
    Other                                                     (3)           18,849    +   10,743   +   18,469
  Deferred availability cash items                           (79)              853    -      146   -      526
  Other liabilities and accrued dividends (13)                              20,413    +      409   -       22

Total liabilities                                            (82)        2,807,156    +    8,505   +   80,711

Capital accounts
  Capital paid in                                                           27,324    -        1   +      995
  Surplus                                                                   27,324    -        1   +      995
  Other capital accounts                                                         0             0            0

Total capital                                                               54,648    -        1   +    1,990
 
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.


 
9. Statement of Condition of Each Federal Reserve Bank,       May 23, 2012
Millions of dollars
                                               Total      Boston     New York   Philadelphia Cleveland   Richmond     Atlanta     Chicago    St. Louis  Minneapolis   Kansas      Dallas        San    
Assets, liabilities, and capital                                                                                                                                       City                  Francisco 
 
Assets
  Gold certificate account                      11,037         408       3,824         437         515         890       1,337         839         313         192         315         725       1,242
  Special drawing rights certificate acct.       5,200         196       1,818         210         237         412         654         424         150          90         153         282         574
  Coin                                           2,180          48         104         153         151         388         201         316          34          56         163         205         360
  Securities, repurchase agreements,
     and loans                               2,620,896      63,521   1,471,926      86,448      66,486     186,118     157,692     145,075      40,886      23,791      52,538     101,611     224,803
    Securities held outright (1)             2,615,062      63,515   1,466,146      86,448      66,486     186,118     157,670     145,072      40,884      23,773      52,538     101,609     224,802
      U.S. Treasury securities               1,656,824      40,241     928,906      54,771      42,124     117,919      99,895      91,913      25,903      15,062      33,286      64,376     142,428
        Bills (2)                               18,423         447      10,329         609         468       1,311       1,111       1,022         288         167         370         716       1,584
        Notes and bonds (3)                  1,638,402      39,794     918,577      54,162      41,655     116,607      98,784      90,891      25,615      14,895      32,916      63,660     140,844
      Federal agency debt securities (2)        93,252       2,265      52,282       3,083       2,371       6,637       5,622       5,173       1,458         848       1,873       3,623       8,016
      Mortgage-backed securities (4)           864,985      21,009     484,958      28,595      21,992      61,562      52,153      47,986      13,523       7,864      17,378      33,609      74,358
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Loans                                        5,834           6       5,780           0           0           0          22           3           2          18           0           3           1
  Net portfolio holdings of Maiden
     Lane LLC (6)                                3,871           0       3,871           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (7)                                19           0          19           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (8)                           15,152           0      15,152           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (9)           841           0         841           0           0           0           0           0           0           0           0           0           0
  Items in process of collection                   244          24           0          77          26           3          42          10           5           9           4           7          38
  Bank premises                                  2,369         122         462          66         124         230         213         204         132         105         256         242         211
  Central bank liquidity swaps (10)             26,425         926       8,524       2,292       1,954       5,466       1,511         705         216         108         263         423       4,037
  Other assets (11)                            173,652       4,514      90,891       7,224       5,643      15,934      10,423       8,890       2,547       1,501       3,248       6,235      16,603
  Interdistrict settlement account                   0   -   1,960   +   7,079   -  13,528   -     391   -   2,119   +   2,517   -     771   +   1,634   +     850   +     293   +     520   +   5,877

Total assets                                 2,861,886      67,799   1,604,512      83,380      74,745     207,323     174,589     155,691      45,918      26,702      57,232     110,250     253,746
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
9. Statement of Condition of Each Federal Reserve Bank,       May 23, 2012 (continued)
Millions of dollars
                                               Total      Boston     New York   Philadelphia Cleveland   Richmond     Atlanta     Chicago    St. Louis  Minneapolis   Kansas      Dallas        San    
Assets, liabilities, and capital                                                                                                                                       City                  Francisco 
 
Liabilities
  Federal Reserve notes outstanding          1,245,297      46,922     432,931      47,859      61,209     101,726     151,057      94,773      36,320      22,526      37,249      77,843     134,880
    Less: Notes held by F.R. Banks             181,530       4,906      66,214       5,506       7,696      11,956      25,049      12,338       4,331       3,993       3,804      11,633      24,103
      Federal Reserve notes, net             1,063,767      42,016     366,717      42,353      53,514      89,770     126,008      82,435      31,988      18,533      33,445      66,210     110,777
  Reverse repurchase agreements (12)            93,575       2,273      52,463       3,093       2,379       6,660       5,642       5,191       1,463         851       1,880       3,636       8,044
  Deposits                                   1,628,551      20,542   1,152,101      33,018      14,236      99,124      39,159      65,924      11,753       6,756      21,114      39,111     125,712
    Term deposits held by depository
       institutions                              3,053          10       2,255         600           0          95           5           8           0          70           5           5           0
    Other deposits held by depository
       institutions                          1,526,151      20,526   1,050,717      32,411      14,233      98,880      39,151      65,886      11,752       6,686      21,107      39,105     125,698
    U.S. Treasury, General Account              80,366           0      80,366           0           0           0           0           0           0           0           0           0           0
    U.S. Treasury, Supplementary
       Financing Account                             0           0           0           0           0           0           0           0           0           0           0           0           0
    Foreign official                               129           1         102           3           3           8           2           1           0           0           0           1           6
    Other                                       18,852           5      18,662           4           0         141           1          29           0           0           1           0           8
  Deferred availability cash items                 932          50           0         117          50          19         118          21          69         178          31          54         226
  Interest on Federal Reserve notes due
     to U.S. Treasury (13)                       1,809          43       1,053          54          41         117         105         101          26          15          38          68         146
  Other liabilities and accrued
     dividends (14)                             18,604         231      14,760         306         285         714         484         422         175         143         179         304         601

Total liabilities                            2,807,238      65,155   1,587,095      78,942      70,504     196,404     171,517     154,094      45,475      26,475      56,687     109,383     245,508

Capital
  Capital paid in                               27,324       1,322       8,708       2,219       2,121       5,459       1,536         798         222         114         272         433       4,119
  Surplus                                       27,324       1,322       8,708       2,219       2,121       5,459       1,536         798         222         114         272         433       4,119
  Other capital                                      0           0           0           0           0           0           0           0           0           0           0           0           0

Total liabilities and capital                2,861,886      67,799   1,604,512      83,380      74,745     207,323     174,589     155,691      45,918      26,702      57,232     110,250     253,746
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

9. Statement of Condition of Each Federal Reserve Bank,       May 23, 2012 (continued)
1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 4 and the note on consolidation below.
7. Refer to table 5 and the note on consolidation below.
8. Refer to table 6 and the note on consolidation below.
9.  Refer to table 7 and the note on consolidation below.
10. 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. Represents the estimated weekly remittances to U.S Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to
    capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the
    Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which
    requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the
    amount necessary to equate surplus with capital paid-in.
14. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have
    recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation 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 Reserve Act. On June 26, 2008, a loan was
extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector
collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan was extended to
Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc.
On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in
connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.

The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial
activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual
losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the
preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs
appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of
the LLCs, are included in other liabilities in this table (and table 1 and table 8).

 
10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
                                                                                            Wednesday   
Federal Reserve notes and collateral                                                       May 23, 2012 
 
Federal Reserve notes outstanding                                                          1,245,297
  Less: Notes held by F.R. Banks not subject to collateralization                            181,530
    Federal Reserve notes to be collateralized                                             1,063,767
Collateral held against Federal Reserve notes                                              1,063,767
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                 1,047,530
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,615,062
  Less: Face value of securities under reverse repurchase agreements                          80,422
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,534,639
 
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.