FEDERAL RESERVE statistical release

For release at

4:30 P.M. EDT

July 26, 2012

The weekly average values, shown in table 1, reflect the June 30, 2012, quarterly updates to the fair

values of the net portfolio holdings of Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane

III LLC, and the fair value adjustment of the Term Asset-Backed Securities Loan Facility, or TALF,

which is included in "Other Federal Reserve assets." The amounts for the first six days of this

reporting week are based on the values as of March 31, 2012, and the amounts for the last day of the

reporting week are based on the values as of June 30, 2012.
FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks July 26, 2012

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

Jul 25, 2012 Week ended

Jul 25, 2012

Change from week ended

Jul 18, 2012 Jul 27, 2011

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,844,275 - 12,952 - 8,594 2,833,057

Securities held outright1 2,607,161 - 5,436 - 42,834 2,595,823

U.S. Treasury securities 1,650,748 - 3,647 + 15,787 1,651,432

Bills2 5,938 - 2,418 - 12,485 5,938

Notes and bonds, nominal2 1,565,823 - 1,098 + 24,087 1,566,515

Notes and bonds, inflation-indexed2 69,086 - 86 + 3,565 69,086

Inflation compensation3 9,901 - 45 + 619 9,894

Federal agency debt securities2 91,029 - 260 - 22,778 91,029

Mortgage-backed securities4 865,384 - 1,529 - 35,842 853,362

Repurchase agreements5 0 0 0 0

Loans 3,830 - 794 - 8,279 3,693

Primary credit 17 - 48 + 15 2

Secondary credit 0 0 0 0

Seasonal credit 110 + 16 + 23 121

Term Asset-Backed Securities Loan Facility6 3,704 - 761 - 8,316 3,570

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 2,035 - 331 - 18,719 2,081

Net portfolio holdings of Maiden Lane II LLC8 24 + 6 - 11,261 61

Net portfolio holdings of Maiden Lane III LLC9 6,305 - 5,460 - 16,918 7,155

Net portfolio holdings of TALF LLC10 848 + 3 + 81 848

Float -598 + 51 + 423 -651

Central bank liquidity swaps11 27,232 - 3,320 + 27,232 27,232

Other Federal Reserve assets12 197,437 + 2,329 + 61,679 196,814

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding13 44,595 + 14 + 608 44,595

Total factors supplying reserve funds 2,905,111 - 12,938 - 7,986 2,893,893

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

1. Factors Affecting Reserve Balances of Depository Institutions (continued)

Millions of dollars

Averages of daily figures Wednesday

Jul 25, 2012 Week ended

Jul 25, 2012

Change from week ended

Jul 18, 2012 Jul 27, 2011

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation13 1,110,964 - 2,144 + 82,481 1,112,081

Reverse repurchase agreements14 84,906 - 6,009 + 19,526 87,501

Foreign official and international accounts 84,906 - 6,009 + 19,526 87,501

Others 0 0 0 0

Treasury cash holdings 118 + 2 - 13 121

Deposits with F.R. Banks, other than reserve balances 84,698 - 14,099 - 9,290 54,277

Term deposits held by depository institutions 3,040 + 3,040 + 3,040 3,040

U.S. Treasury, General Account 45,537 - 17,484 - 31,482 38,258

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

Foreign official 2,564 - 4 + 2,422 2,565

Service-related 0 0 - 2,529 0

Required clearing balances 0 0 - 2,529 0

Adjustments to compensate for float 0 0 0 0

Other 33,557 + 350 + 24,259 10,414

Other liabilities and capital15 69,522 - 5,681 - 2,792 68,643

Total factors, other than reserve balances,

absorbing reserve funds 1,350,208 - 27,932 + 89,912 1,322,624

Reserve balances with Federal Reserve Banks 1,554,902 + 14,993 - 97,898 1,571,269

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

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

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

the underlying mortgages.

5. Cash value of agreements.

6. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

7. Refer to table 4 and the note on consolidation accompanying table 9.

8. Refer to table 5 and the note on consolidation accompanying table 9.

9. Refer to table 6 and the note on consolidation accompanying table 9.

10.Refer to table 7 and the note on consolidation accompanying table 9.

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

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

foreign central bank.

12.Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, and the fair value adjustment

to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

13.Estimated.

14.Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

15.Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve

Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note

on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Refer to table 8

and table 9.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
H.4.1

1A. Memorandum Items

Millions of dollars

Averages of daily figures Wednesday

Jul 25, 2012 Week ended

Jul 25, 2012

Change from week ended

Jul 18, 2012 Jul 27, 2011

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,518,702 + 3,334 + 65,593 3,524,086

U.S. Treasury securities 2,826,943 + 5,026 + 106,640 2,830,901

Federal agency securities2 691,760 - 1,691 - 41,045 693,186

Securities lent to dealers 8,685 - 2,773 - 7,637 9,434

Overnight facility3 8,685 - 2,773 - 7,637 9,434

U.S. Treasury securities 7,876 - 2,844 - 7,904 8,614

Federal agency debt securities 809 + 71 + 267 820

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 25, 2012

Millions of dollars

Within 15

days

16 days to

90 days

91 days to

1 year

Over 1 year

to 5 years

Over 5 years

to 10 years

Over 10

years

Remaining maturity All

Loans1 97 798 1,293 1,506 0 ... 3,693

U.S. Treasury securities2

Holdings 7,577 12,588 12,604 504,475 767,379 346,808 1,651,432

Weekly changes - 2,418 0 0 - 7,933 + 9,487 + 3,601 + 2,738

Federal agency debt securities3

Holdings 0 8,283 16,225 58,424 5,750 2,347 91,029

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 2 5 194 853,161 853,362

Weekly changes 0 0 0 - 1 + 35 - 9,688 - 9,653

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 4,227 23,005 0 0 0 0 27,232

Reverse repurchase agreements6 87,501 0 ... ... ... ... 87,501

Term deposits 0 3,040 0 ... ... ... 3,040

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

. . . Not applicable.

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

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

under generally accepted accounting principles.

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

original face value of such securities.

3. Face value.

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

underlying mortgages.

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

6. Cash value of agreements.

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

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

central bank.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Wednesday

Jul 25, 2012 Account name

Mortgage-backed securities held outright1 853,362

Commitments to buy mortgage-backed securities2 31,413

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 96

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

Jul 25, 2012 Account name

Net portfolio holdings of Maiden Lane LLC1 2,081

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 0

Accrued interest payable to the Federal Reserve Bank of New York2 0

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 705

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 June 30, 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

Jul 25, 2012 Account name

Net portfolio holdings of Maiden Lane II LLC1 61

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 0

Accrued interest payable to the Federal Reserve Bank of New York2 0

Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3 0

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 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.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday

Jul 25, 2012 Account name

Net portfolio holdings of Maiden Lane III LLC1 7,155

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 0

Accrued interest payable to the Federal Reserve Bank of New York2 0

Outstanding principal amount and accrued interest on loan payable to 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 June 30, 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

Jul 25, 2012 Account name

Asset-backed securities holdings1 0

Other investments, net 848

Net portfolio holdings of TALF LLC 848

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 0

Accrued interest payable to the Federal Reserve Bank of New York2 0

Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable3 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.
H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Eliminations from

consolidation

Wednesday

Jul 25, 2012

Change since

Wednesday

Jul 18, 2012

Wednesday

Jul 27, 2011

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,110 + 7 - 88

Securities, repurchase agreements, and loans 2,599,516 - 7,790 - 60,332

Securities held outright1 2,595,823 - 6,915 - 52,058

U.S. Treasury securities 1,651,432 + 2,738 + 13,271

Bills2 5,938 - 2,418 - 12,485

Notes and bonds, nominal2 1,566,515 + 5,177 + 21,609

Notes and bonds, inflation-indexed2 69,086 0 + 3,565

Inflation compensation3 9,894 - 20 + 583

Federal agency debt securities2 91,029 0 - 21,406

Mortgage-backed securities4 853,362 - 9,653 - 43,923

Repurchase agreements5 0 0 0

Loans 3,693 - 875 - 8,275

Net portfolio holdings of Maiden Lane LLC6 2,081 + 53 - 18,734

Net portfolio holdings of Maiden Lane II LLC7 61 + 43 - 10,164

Net portfolio holdings of Maiden Lane III LLC8 7,155 + 991 - 14,302

Net portfolio holdings of TALF LLC9 848 + 3 + 81

Items in process of collection (49) 147 - 2 - 11

Bank premises 2,360 + 1 + 158

Central bank liquidity swaps10 27,232 - 3,320 + 27,232

Other assets11 191,052 + 938 + 57,543

Total assets (49) 2,848,800 - 9,074 - 18,616

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)

Millions of dollars

Eliminations from

consolidation

Wednesday

Jul 25, 2012

Change since

Wednesday

Jul 18, 2012

Wednesday

Jul 27, 2011

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,069,713 - 505 + 80,694

Reverse repurchase agreements12 87,501 - 493 + 20,497

Deposits (0) 1,622,144 - 8,439 - 119,216

Term deposits held by depository institutions 3,040 + 3,040 + 3,040

Other deposits held by depository institutions 1,567,867 + 30,580 - 90,452

U.S. Treasury, General Account 38,258 - 20,412 - 28,499

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

Foreign official 2,565 - 11 + 2,440

Other (0) 10,414 - 21,636 - 744

Deferred availability cash items (49) 798 - 130 - 615

Other liabilities and accrued dividends13 13,965 + 491 - 2,982

Total liabilities (49) 2,794,121 - 9,077 - 21,622

Capital accounts

Capital paid in 27,339 + 1 + 1,503

Surplus 27,339 + 1 + 1,503

Other capital accounts 0 0 0

Total capital 54,678 + 2 + 3,006

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

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

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

underlying mortgages.

5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

6. Refer to table 4 and the note on consolidation accompanying table 9.

7. Refer to table 5 and the note on consolidation accompanying table 9.

8. Refer to table 6 and the note on consolidation accompanying table 9.

9. Refer to table 7 and the note on consolidation accompanying table 9.

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

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

central bank.

11.Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to

credit extended by the Federal Reserve Bank of New York (FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

12.Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

13.Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal

Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and

the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury.
H.4.1

9. Statement of Condition of Each Federal Reserve Bank, July 25, 2012Millions of dollars

Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minn

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 408 3,824 437 515 890 1,337 839 313 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 Coin 2,110 39 84 143 147 380 202 312 33 Securities, repurchase agreements,

and loans 2,599,516 63,049 1,458,930 85,812 65,997 184,748 156,516 144,017 40,616 

Securities held outright1 2,595,823 63,048 1,455,360 85,812 65,997 184,748 156,510 144,005 40,583 

U.S. Treasury securities 1,651,432 40,110 925,883 54,593 41,987 117,535 99,570 91,614 25,819 

Bills2 5,938 144 3,329 196 151 423 358 329 93 Notes and bonds3 1,645,494 39,966 922,553 54,396 41,836 117,112 99,212 91,285 25,726 

Federal agency debt securities2 91,029 2,211 51,036 3,009 2,314 6,479 5,488 5,050 1,423 

Mortgage-backed securities4 853,362 20,727 478,441 28,210 21,696 60,735 51,452 47,341 13,342 

Repurchase agreements5 0 0 0 0 0 0 0 0 0 Loans 3,693 1 3,570 0 0 0 6 12 33 

Net portfolio holdings of Maiden

Lane LLC6 2,081 0 2,081 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane II LLC7 61 0 61 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane III LLC8 7,155 0 7,155 0 0 0 0 0 0 

Net portfolio holdings of TALF LLC9 848 0 848 0 0 0 0 0 0 

Items in process of collection 196 2 0 64 25 3 35 10 6 Bank premises 2,360 122 459 67 123 230 212 203 132 Central bank liquidity swaps10 27,232 955 8,784 2,362 2,013 5,633 1,557 727 223 Other assets11 191,052 4,939 100,754 7,669 6,077 17,140 11,475 9,865 2,841 Interdistrict settlement account 0 + 8,704 - 4,828 - 18,589 - 1,279 - 14,011 + 17,749 + 2,235 + 2,251 + 

Total assets 2,848,848 78,413 1,579,970 78,174 73,856 195,426 189,738 158,633 46,564 

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

9. Statement of Condition of Each Federal Reserve Bank, July 25, 2012 (continued)Millions of dollars

Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minn

Assets, liabilities, and capital

Liabilities

Federal Reserve notes outstanding 1,271,814 46,186 442,029 47,126 61,708 102,243 170,288 93,927 37,600 

Less: Notes held by F.R. Banks 202,101 5,032 77,706 5,397 8,546 12,776 28,330 13,003 4,311 

Federal Reserve notes, net 1,069,713 41,155 364,324 41,729 53,162 89,467 141,958 80,924 33,289 

Reverse repurchase agreements12 87,501 2,125 49,058 2,893 2,225 6,228 5,276 4,854 1,368 

Deposits 1,622,144 32,215 1,139,062 28,851 13,923 88,105 38,789 70,764 11,207 

Term deposits held by depository

institutions 3,040 5 1,904 623 0 115 8 5 0 

Other deposits held by depository

institutions 1,567,867 32,198 1,086,054 28,223 13,920 87,923 38,774 70,733 11,207 

U.S. Treasury, General Account 38,258 0 38,258 0 0 0 0 0 0 U.S. Treasury, Supplementary

Financing Account 0 0 0 0 0 0 0 0 0 

Foreign official 2,565 1 2,538 3 3 8 2 1 0 Other 10,414 11 10,308 1 0 59 4 25 0 

Deferred availability cash items 847 30 0 87 42 17 105 21 66 Interest on Federal Reserve notes due

to U.S. Treasury13 2,117 33 1,524 42 32 86 85 80 22 

Other liabilities and accrued

dividends14 11,848 195 8,549 246 230 587 424 384 166 

Total liabilities 2,794,170 75,753 1,562,517 73,847 69,614 184,490 186,637 157,027 46,118 Capital

Capital paid in 27,339 1,330 8,727 2,164 2,121 5,468 1,551 803 223 Surplus 27,339 1,330 8,727 2,164 2,121 5,468 1,551 803 223 Other capital 0 0 0 0 0 0 0 0 0 

Total liabilities and capital 2,848,848 78,413 1,579,970 78,174 73,856 195,426 189,738 158,633 46,564 

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

9. Statement of Condition of Each Federal Reserve Bank, July 25, 2012 (continued)1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.2. Face value of the securities.3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securitie4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mort5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.6. Refer to table 4 and the note on consolidation below.7. Refer to table 5 and the note on consolidation below.8. Refer to table 6 and the note on consolidation below.9. Refer to table 7 and the note on consolidation below.10.Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign centr

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

11.Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by 

of New York (FRBNY) to eligible	borrowers through the Term Asset-Backed Securities Loan Facility.

12.Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.13.Represents the estimated weekly remittances to U.S Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank’s net earnings 

to capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this Federal Reserve Bank’s earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance which requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of and the amount necessary to equate surplus with capital paid-in.

14.Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New Y

recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.

Note on consolidation:The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Resewas extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contractwas extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan FacilitThe FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily respoTALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNcondition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCsin this table (and table 1 and table 8).
H.4.1

10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents’ Accounts

Millions of dollars

Wednesday

Jul 25, 2012 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,271,814

Less: Notes held by F.R. Banks not subject to collateralization 202,101

Federal Reserve notes to be collateralized 1,069,713

Collateral held against Federal Reserve notes 1,069,713

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,053,476

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,595,823

Less: Face value of securities under reverse repurchase agreements 74,060

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,521,763

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.