FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                                July 12, 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   Jul 11, 2012
Federal Reserve Banks                                     Jul 11, 2012  Jul 4, 2012 Jul 13, 2011
 
Reserve Bank credit                                        2,849,061   +    3,623   -   10,048    2,849,108
  Securities held outright (1)                             2,610,477   +      328   -   41,753    2,609,175
    U.S. Treasury securities                               1,663,949   +      297   +   35,643    1,662,637
      Bills (2)                                               14,641   -    3,782   -    3,782       14,641
      Notes and bonds, nominal (2)                         1,571,349   +    3,887   +   36,110    1,568,781
      Notes and bonds, inflation-indexed (2)                  68,104   +      189   +    2,583       69,237
      Inflation compensation (3)                               9,855   +        3   +      731        9,978
    Federal agency debt securities (2)                        91,484            0   -   23,586       91,484
    Mortgage-backed securities (4)                           855,044   +       31   -   53,809      855,054
  Repurchase agreements (5)                                        0            0            0            0
  Loans                                                        4,592   -       50   -    7,926        4,590
    Primary credit                                                 8   -        8            0           10
    Secondary credit                                               0            0            0            0
    Seasonal credit                                               80   +       10   +       14           81
    Term Asset-Backed Securities Loan Facility (6)             4,504   -       52   -    7,940        4,499
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Maiden Lane LLC (7)                2,418   +        1   -   21,459        2,423
  Net portfolio holdings of Maiden Lane II LLC (8)                18            0   -   11,433           18
  Net portfolio holdings of Maiden Lane III LLC (9)           12,952   +       63   -   11,369       12,987
  Net portfolio holdings of TALF LLC (10)                        845            0   +       88          845
  Float                                                         -749   +      118   +      431         -831
  Central bank liquidity swaps (11)                           29,708   +    1,739   +   29,708       29,708
  Other Federal Reserve assets (12)                          188,799   +    1,424   +   53,664      190,192
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (13)                            44,585   +       14   +      614       44,585

Total factors supplying reserve funds                      2,909,887   +    3,637   -    9,434    2,909,934
 
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   Jul 11, 2012
Federal Reserve Banks                                     Jul 11, 2012  Jul 4, 2012 Jul 13, 2011
 
Currency in circulation (13)                               1,117,169   +    3,193   +   86,975    1,116,108
Reverse repurchase agreements (14)                            89,927   +    3,597   +   23,383       89,689
  Foreign official and international accounts                 89,927   +    3,597   +   23,383       89,689
  Others                                                           0            0            0            0
Treasury cash holdings                                           117            0   -       23          116
Deposits with F.R. Banks, other than reserve balances        113,648   -   16,945   +   43,387      104,570
  Term deposits held by depository institutions                    0            0            0            0
  U.S. Treasury, General Account                              86,400   -   14,429   +   36,061       75,287
  U.S. Treasury, Supplementary Financing Account                   0            0   -    5,000            0
  Foreign official                                             1,992   +      408   +    1,839        2,566
  Service-related                                              1,892   -        1   -      641        1,892
    Required clearing balances                                 1,892   -        1   -      641        1,892
    Adjustments to compensate for float                            0            0            0            0
  Other                                                       23,363   -    2,924   +   11,127       24,825
Other liabilities and capital (15)                            75,014   -       75   +    2,038       73,778

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,395,875   -   10,230   +  155,761    1,384,260

Reserve balances with Federal Reserve Banks                1,514,011   +   13,866   -  165,196    1,525,674
 
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   Jul 11, 2012
Memorandum item                                           Jul 11, 2012  Jul 4, 2012 Jul 13, 2011
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,513,683   +    1,054   +   62,913    3,508,878
  U.S. Treasury securities                                 2,816,284   +    1,698   +  101,456    2,810,841
  Federal agency securities (2)                              697,399   -      644   -   38,544      698,037
Securities lent to dealers                                    12,977   -    1,300   -    2,453       12,204
  Overnight facility (3)                                      12,977   -    1,300   -    2,453       12,204
    U.S. Treasury securities                                  12,257   -    1,348   -    2,383       11,556
    Federal agency debt securities                               719   +       47   -       71          648
 
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,      July 11, 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)                                     94        1,540        1,392        1,564            0           ...        4,590
U.S. Treasury securities (2)
  Holdings                                14,835       14,227       12,603      527,069      754,329       339,573    1,662,637
  Weekly changes                      +    4,574   -    8,357   -    7,927   -        3   +    5,092    +    2,881   -    3,738
Federal agency debt securities (3)
  Holdings                                   455        7,624       14,225       61,083        5,750         2,347       91,484
  Weekly changes                               0            0            0            0            0             0            0
Mortgage-backed securities (4)
  Holdings                                     0            0            2            6          121       854,925      855,054
  Weekly changes                               0            0            0            0            0    +       24   +       24
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)           9,498       20,210            0            0            0             0       29,708

Reverse repurchase agreements (6)         89,689            0          ...          ...          ...           ...       89,689
Term deposits                                  0            0            0          ...          ...           ...            0
 
Note: Components may not sum to totals because of rounding.
. . . Not applicable.

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III
   LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation
   under generally accepted accounting principles.
2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of
   inflation on the original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal
   balance of the underlying mortgages.
5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.
6. Cash value of agreements.
7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency
   is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was
   acquired from the foreign central bank.

 
3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Jul 11, 2012 
 
Mortgage-backed securities held outright (1)                                                                             855,054

Commitments to buy mortgage-backed securities (2)                                                                         41,727
Commitments to sell mortgage-backed securities (2)                                                                             0

Cash and cash equivalents (3)                                                                                                 36
 
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                                                                                                           Jul 11, 2012 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                              2,423

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
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,102
 
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                                                                                                           Jul 11, 2012 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                              18

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                                                                                                           Jul 11, 2012 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         12,987

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
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,560
 
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                                                                                                           Jul 11, 2012 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       845
Net portfolio holdings of TALF LLC                                                                                           845

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 $1.4 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   Jul 11, 2012   Wednesday    Wednesday  
Assets, liabilities, and capital                                                       Jul 4, 2012 Jul 13, 2011
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,097    -        8   -       20
  Securities, repurchase agreements, and loans                           2,613,766    -    3,705   -   53,081
    Securities held outright (1)                                         2,609,175    -    3,714   -   45,162
      U.S. Treasury securities                                           1,662,637    -    3,738   +   32,223
        Bills (2)                                                           14,641    -    3,782   -    3,782
        Notes and bonds, nominal (2)                                     1,568,781    -    1,409   +   31,464
        Notes and bonds, inflation-indexed (2)                              69,237    +    1,322   +    3,716
        Inflation compensation (3)                                           9,978    +      131   +      825
      Federal agency debt securities (2)                                    91,484             0   -   23,586
      Mortgage-backed securities (4)                                       855,054    +       24   -   53,799
    Repurchase agreements (5)                                                    0             0            0
    Loans                                                                    4,590    +        8   -    7,920
  Net portfolio holdings of Maiden Lane LLC (6)                              2,423    +        6   -   21,489
  Net portfolio holdings of Maiden Lane II LLC (7)                              18             0   -   11,435
  Net portfolio holdings of Maiden Lane III LLC (8)                         12,987    +       41   -   11,371
  Net portfolio holdings of TALF LLC (9)                                       845             0   +       88
  Items in process of collection                             (52)              124    -      144   -      140
  Bank premises                                                              2,358    +        1   +      159
  Central bank liquidity swaps (10)                                         29,708    +    1,739   +   29,708
  Other assets (11)                                                        187,823    +    2,471   +   53,963

Total assets                                                 (52)        2,868,387    +      402   -   13,617
 
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   Jul 11, 2012   Wednesday    Wednesday  
Assets, liabilities, and capital                                                       Jul 4, 2012 Jul 13, 2011
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                       1,073,732    -    2,180   +   85,447
  Reverse repurchase agreements (12)                                        89,689    +    1,726   +   24,637
  Deposits                                                    (0)        1,630,234    +    3,339   -  125,015
    Term deposits held by depository institutions                                0             0            0
    Other deposits held by depository institutions                       1,527,556    +   19,607   -  159,959
    U.S. Treasury, General Account                                          75,287    -   22,221   +   35,871
    U.S. Treasury, Supplementary Financing Account                               0             0   -    5,000
    Foreign official                                                         2,566    +      978   +    2,405
    Other                                                     (0)           24,825    +    4,976   +    1,668
  Deferred availability cash items                           (52)              955    -      469   -      567
  Other liabilities and accrued dividends (13)                              19,104    -    2,015   -    1,118

Total liabilities                                            (52)        2,813,713    +      401   -   16,617

Capital accounts
  Capital paid in                                                           27,337    +        1   +    1,500
  Surplus                                                                   27,337    +        1   +    1,500
  Other capital accounts                                                         0             0            0

Total capital                                                               54,674    +        2   +    3,000
 
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,      July 11, 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                                           2,097          38          85         145         147         378         192         310          34          51         161         204         351
  Securities, repurchase agreements,
     and loans                               2,613,766      63,372   1,467,346      86,254      66,337     185,699     157,318     144,752      40,815      23,763      52,425     101,386     224,299
    Securities held outright (1)             2,609,175      63,372   1,462,846      86,254      66,337     185,699     157,315     144,746      40,792      23,720      52,419     101,380     224,296
      U.S. Treasury securities               1,662,637      40,382     932,165      54,963      42,271     118,332     100,246      92,236      25,994      15,115      33,403      64,602     142,928
        Bills (2)                               14,641         356       8,209         484         372       1,042         883         812         229         133         294         569       1,259
        Notes and bonds (3)                  1,647,996      40,027     923,956      54,479      41,899     117,290      99,363      91,424      25,765      14,982      33,109      64,033     141,669
      Federal agency debt securities (2)        91,484       2,222      51,291       3,024       2,326       6,511       5,516       5,075       1,430         832       1,838       3,555       7,864
      Mortgage-backed securities (4)           855,054      20,768     479,390      28,266      21,739      60,855      51,554      47,435      13,368       7,773      17,178      33,223      73,504
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Loans                                        4,590           0       4,500           0           0           1           3           6          23          43           6           7           2
  Net portfolio holdings of Maiden
     Lane LLC (6)                                2,423           0       2,423           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (7)                                18           0          18           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (8)                           12,987           0      12,987           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (9)           845           0         845           0           0           0           0           0           0           0           0           0           0
  Items in process of collection                   176           2           0          46          24           4          36          11           6           5           3           7          31
  Bank premises                                  2,358         121         459          67         123         230         212         203         132         104         255         242         211
  Central bank liquidity swaps (10)             29,708       1,041       9,583       2,577       2,196       6,145       1,699         793         243         121         295         476       4,538
  Other assets (11)                            187,823       4,858      98,997       7,556       5,990      16,892      11,297       9,696       2,790       1,635       3,540       6,771      17,800
  Interdistrict settlement account                   0   +   4,038   -  13,632   -  18,350   +   1,718   +   3,167   +  12,513   +   2,057   +   3,142   +   1,038   -   1,040   -     886   +   6,235

Total assets                                 2,868,439      74,074   1,584,752      78,942      77,287     213,817     185,259     159,084      47,625      27,000      56,108     109,208     255,282
 
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,      July 11, 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          1,264,102      46,471     439,758      47,442      61,484     102,035     164,153      94,296      37,699      22,304      36,949      77,248     134,263
    Less: Notes held by F.R. Banks             190,371       4,676      74,234       5,301       7,303      11,934      27,605      12,356       4,062       3,301       3,522      12,117      23,962
      Federal Reserve notes, net             1,073,732      41,794     365,524      42,141      54,182      90,101     136,548      81,940      33,637      19,004      33,427      65,131     110,302
  Reverse repurchase agreements (12)            89,689       2,178      50,284       2,965       2,280       6,383       5,408       4,976       1,402         815       1,802       3,485       7,710
  Deposits                                   1,630,234      27,196   1,135,967      29,147      16,284     105,769      39,616      70,100      11,874       6,608      20,121      39,313     128,238
    Term deposits held by depository
       institutions                                  0           0           0           0           0           0           0           0           0           0           0           0           0
    Other deposits held by depository
       institutions                          1,527,556      27,193   1,033,432      29,138      16,281     105,684      39,610      70,074      11,874       6,608      20,120      39,312     128,231
    U.S. Treasury, General Account              75,287           0      75,287           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                             2,566           1       2,539           3           3           8           2           1           0           0           0           1           6
    Other                                       24,825           1      24,710           5           0          77           4          25           0           0           1           1           1
  Deferred availability cash items               1,007          34           0          99          60          22         121          24          84         204          32          71         257
  Interest on Federal Reserve notes due
     to U.S. Treasury (13)                       1,033          28         632          26          16          42          62          67          17           7          19          45          71
  Other liabilities and accrued
     dividends (14)                             18,071         184      14,891         236         224         564         403         373         164         135         161         272         463

Total liabilities                            2,813,765      71,415   1,567,299      74,615      73,046     202,880     182,158     157,479      47,178      26,773      55,562     108,318     247,042

Capital
  Capital paid in                               27,337       1,330       8,727       2,164       2,121       5,468       1,551         802         223         113         273         445       4,120
  Surplus                                       27,337       1,330       8,727       2,164       2,121       5,468       1,551         802         223         113         273         445       4,120
  Other capital                                      0           0           0           0           0           0           0           0           0           0           0           0           0

Total liabilities and capital                2,868,439      74,074   1,584,752      78,942      77,287     213,817     185,259     159,084      47,625      27,000      56,108     109,208     255,282
 
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,      July 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 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                                                       Jul 11, 2012 
 
Federal Reserve notes outstanding                                                          1,264,102
  Less: Notes held by F.R. Banks not subject to collateralization                            190,371
    Federal Reserve notes to be collateralized                                             1,073,732
Collateral held against Federal Reserve notes                                              1,073,732
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                 1,057,495
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,609,175
  Less: Face value of securities under reverse repurchase agreements                          75,541
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,533,634
 
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.