FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                                April 5, 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    Apr 4, 2012
Federal Reserve Banks                                      Apr 4, 2012 Mar 28, 2012  Apr 6, 2011
 
Reserve Bank credit                                        2,843,194   -   29,520   +  223,564    2,848,006
  Securities held outright (1)                             2,598,062   -   11,795   +  182,754    2,602,642
    U.S. Treasury securities                               1,664,793   -    3,148   +  319,135    1,669,371
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                         1,568,278   -    3,444   +  307,384    1,571,487
      Notes and bonds, inflation-indexed (2)                  68,860   +      193   +    9,374       70,014
      Inflation compensation (3)                               9,232   +      103   +    2,376        9,447
    Federal agency debt securities (2)                        96,478   -      359   -   36,017       96,478
    Mortgage-backed securities (4)                           836,792   -    8,287   -  100,363      836,793
  Repurchase agreements (5)                                        0            0            0            0
  Loans                                                        7,070   -        7   -   11,959        7,072
    Primary credit                                                10   +        6   -       20           12
    Secondary credit                                               0            0            0            0
    Seasonal credit                                                4   -        1   +        1            7
    Term Asset-Backed Securities Loan Facility (6)             7,056   -       11   -   11,940        7,054
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Maiden Lane LLC (7)                5,441   +       19   -   20,144        5,440
  Net portfolio holdings of Maiden Lane II LLC (8)                19            0   -   15,848           19
  Net portfolio holdings of Maiden Lane III LLC (9)           17,466   +       16   -    5,473       17,507
  Net portfolio holdings of TALF LLC (10)                        831            0   +      113          831
  Float                                                       -1,034   -      199   +      318       -1,875
  Central bank liquidity swaps (11)                           46,482   -   18,587   +   46,482       46,482
  Other Federal Reserve assets (12)                          168,858   +    1,033   +   47,321      169,888
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (13)                            44,359   +       14   +      569       44,359

Total factors supplying reserve funds                      2,903,794   -   29,507   +  224,133    2,908,607
 
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    Apr 4, 2012
Federal Reserve Banks                                      Apr 4, 2012 Mar 28, 2012  Apr 6, 2011
 
Currency in circulation (13)                               1,099,447   +    2,913   +   93,137    1,101,448
Reverse repurchase agreements (14)                            89,522   +    4,438   +   28,473       83,351
  Foreign official and international accounts                 89,522   +    4,438   +   29,995       83,351
  Others                                                           0            0   -    1,521            0
Treasury cash holdings                                           149   -       10   -       61          143
Deposits with F.R. Banks, other than reserve balances         91,965   -   58,925   +   24,665       90,592
  Term deposits held by depository institutions                3,057            0   +    3,057        3,057
  U.S. Treasury, General Account                              54,899   -   29,144   +       97       56,774
  U.S. Treasury, Supplementary Financing Account                   0            0   -    5,000            0
  Foreign official                                               127   -       10   -        8          127
  Service-related                                              1,937            0   -      574        1,937
    Required clearing balances                                 1,937            0   -      574        1,937
    Adjustments to compensate for float                            0            0            0            0
  Other                                                       31,945   -   29,772   +   27,092       28,697
Other liabilities and capital (15)                            73,872   -      242   +    1,470       72,635

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,354,955   -   51,825   +  147,684    1,348,169

Reserve balances with Federal Reserve Banks                1,548,839   +   22,318   +   76,449    1,560,438
 
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    Apr 4, 2012
Memorandum item                                            Apr 4, 2012 Mar 28, 2012  Apr 6, 2011
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,487,476   +   13,328   +   80,087    3,489,654
  U.S. Treasury securities                                 2,753,838   +   12,968   +  111,066    2,756,983
  Federal agency securities (2)                              733,638   +      360   -   30,979      732,671
Securities lent to dealers                                    20,605   +      826   -    7,560       18,845
  Overnight facility (3)                                      20,605   +      826   -    7,560       18,845
    U.S. Treasury securities                                  19,817   +      755   -    7,174       18,019
    Federal agency debt securities                               788   +       71   -      386          826
 
Note: Components may not sum to totals because of rounding.

1. Face value of the securities. Includes U.S. Treasury STRIPS and other zero-coupon bonds at face value and
   mortgage-backed securities at original face value.
2. Includes debt and mortgage-backed securities.
3. Fully collateralized by U.S. Treasury securities.

 
2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities,      April 4, 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)                                     23          566        4,450        2,034            0           ...        7,072
U.S. Treasury securities (2)
  Holdings                                28,011       15,684       54,185      575,290      711,791       284,409    1,669,371
  Weekly changes                      +   13,523   -   14,862   +    2,086   +      336   +       83    +    3,292   +    4,460
Federal agency debt securities (3)
  Holdings                                 1,278        3,716       19,061       59,094       10,982         2,347       96,478
  Weekly changes                      +    1,278   -    1,278            0            0            0             0            0
Mortgage-backed securities (4)
  Holdings                                     0            0            2            9          103       836,679      836,793
  Weekly changes                               0            0   +        1   -        1   +        6    +        1   +        7
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)          15,437       31,045            0            0            0             0       46,482

Reverse repurchase agreements (6)         83,351            0          ...          ...          ...           ...       83,351
Term deposits                              3,057            0            0          ...          ...           ...        3,057
 
Note: Components may not sum to totals because of rounding.
. . . Not applicable.

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III
   LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation
   under generally accepted accounting principles.
2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of
   inflation on the original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal
   balance of the underlying mortgages.
5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.
6. Cash value of agreements.
7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency
   is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was
   acquired from the foreign central bank.

 
3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                            Apr 4, 2012 
 
Mortgage-backed securities held outright (1)                                                                             836,793

Commitments to buy mortgage-backed securities (2)                                                                         50,718
Commitments to sell mortgage-backed securities (2)                                                                             0

Cash and cash equivalents (3)                                                                                                 10
 
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                                                                                                            Apr 4, 2012 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                              5,440

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  2,150
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         763
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,404
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
    December 31, 2011. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of
section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to
manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets.
Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses
of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to
JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.

 
5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                            Apr 4, 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
    December 31, 2011. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of
   American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued
   interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table
   8 and table 9.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential
mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group,
Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred
payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.

 
6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                            Apr 4, 2012 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         17,507

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  8,271
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         723
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,589
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
    December 31, 2011. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector
collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written
credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the
related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to
AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.

 
7. Information on Principal Accounts of TALF LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                            Apr 4, 2012 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       831
Net portfolio holdings of TALF LLC                                                                                           831

Outstanding principal amount of loan extended by the Federal Reserve Bank of New 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)                                        110
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF)
under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New
York (FRBNY) extends loans with a term of up to five years to holders of eligible asset-backed securities. The TALF is intended to
assist financial markets in accommodating the credit needs of consumers and businesses by facilitating the issuance of asset-backed
securities collateralized by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are
non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The loans
are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial
risk of a decline in the value of the security.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in
connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed
securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest.
Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF
LLC, by the interest received on investments of TALF LLC, by up to $4.3 billion in subordinated debt funding provided by the U.S.
Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio
holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S.
Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the
U.S. Treasury.

 
8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation    Apr 4, 2012   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Mar 28, 2012  Apr 6, 2011
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,293    -       26   +      114
  Securities, repurchase agreements, and loans                           2,609,715    +    4,479   +  163,364
    Securities held outright (1)                                         2,602,642    +    4,467   +  174,785
      U.S. Treasury securities                                           1,669,371    +    4,460   +  311,164
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                     1,571,487    +    2,823   +  298,072
        Notes and bonds, inflation-indexed (2)                              70,014    +    1,347   +   10,528
        Inflation compensation (3)                                           9,447    +      289   +    2,563
      Federal agency debt securities (2)                                    96,478             0   -   36,017
      Mortgage-backed securities (4)                                       836,793    +        7   -  100,362
    Repurchase agreements (5)                                                    0             0            0
    Loans                                                                    7,072    +       11   -   11,422
  Net portfolio holdings of Maiden Lane LLC (6)                              5,440    +       23   -   20,180
  Net portfolio holdings of Maiden Lane II LLC (7)                              19             0   -   15,795
  Net portfolio holdings of Maiden Lane III LLC (8)                         17,507    +       52   -    5,501
  Net portfolio holdings of TALF LLC (9)                                       831             0   +      113
  Items in process of collection                             (90)             -587    -      623   -      791
  Bank premises                                                              2,352    -       31   +      139
  Central bank liquidity swaps (10)                                         46,482    -   18,586   +   46,482
  Other assets (11)                                                        167,513    +    2,052   +   47,045

Total assets                                                 (90)        2,867,800    -   12,663   +  214,988
 
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    Apr 4, 2012   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Mar 28, 2012  Apr 6, 2011
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                       1,059,520    +    3,102   +   91,472
  Reverse repurchase agreements (12)                                        83,351    +      124   +   28,729
  Deposits                                                    (0)        1,651,007    -   15,592   +   94,947
    Term deposits held by depository institutions                            3,057             0   +    3,057
    Other deposits held by depository institutions                       1,562,352    -    2,630   +   57,214
    U.S. Treasury, General Account                                          56,774    -   11,678   +   15,812
    U.S. Treasury, Supplementary Financing Account                               0             0   -    5,000
    Foreign official                                                           127             0   -       36
    Other                                                     (0)           28,697    -    1,284   +   23,900
  Deferred availability cash items                           (90)            1,287    +      304   -      599
  Other liabilities and accrued dividends (13)                              18,201    -      601   -    1,409

Total liabilities                                            (90)        2,813,366    -   12,663   +  213,141

Capital accounts
  Capital paid in                                                           27,217             0   +      924
  Surplus                                                                   27,217             0   +      924
  Other capital accounts                                                         0             0            0

Total capital                                                               54,434             0   +    1,847
 
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,      April 4, 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         390       3,866         432         450         872       1,394         854         319         197         318         728       1,217
  Special drawing rights certificate acct.       5,200         196       1,818         210         237         412         654         424         150          90         153         282         574
  Coin                                           2,293          55         112         157         163         412         197         325          34          60         171         226         381
  Securities, repurchase agreements,
     and loans                               2,609,715      63,992   1,217,394      89,156      70,303     300,579     193,487     154,561      49,260      40,011      69,232     102,936     258,803
    Securities held outright (1)             2,602,642      63,990   1,210,340      89,156      70,303     300,579     193,487     154,559      49,260      39,999      69,232     102,935     258,803
      U.S. Treasury securities               1,669,371      41,044     776,329      57,186      45,093     192,795     124,105      99,136      31,596      25,656      44,406      66,024     166,000
        Bills (2)                               18,423         453       8,567         631         498       2,128       1,370       1,094         349         283         490         729       1,832
        Notes and bonds (3)                  1,650,948      40,591     767,762      56,555      44,596     190,668     122,736      98,042      31,248      25,373      43,916      65,295     164,168
      Federal agency debt securities (2)        96,478       2,372      44,866       3,305       2,606      11,142       7,172       5,729       1,826       1,483       2,566       3,816       9,594
      Mortgage-backed securities (4)           836,793      20,574     389,145      28,665      22,604      96,641      62,209      49,693      15,838      12,860      22,259      33,095      83,209
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Loans                                        7,072           2       7,054           0           0           0           0           2           0          13           0           2           0
  Net portfolio holdings of Maiden
     Lane LLC (6)                                5,440           0       5,440           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)                           17,507           0      17,507           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (9)           831           0         831           0           0           0           0           0           0           0           0           0           0
  Items in process of collection                  -497          10           3          80          34           4        -712          18           5           8           4          11          38
  Bank premises                                  2,352         122         445          66         124         231         212         203         133         105         257         243         211
  Central bank liquidity swaps (10)             46,482       1,629      14,994       4,032       3,436       9,615       2,658       1,240         380         190         462         745       7,101
  Other assets (11)                            167,513       4,412      74,017       7,080       5,723      21,759      12,053       9,108       2,931       2,333       4,046       6,056      17,995
  Interdistrict settlement account                   0   -     935   + 169,270   +   9,156   -   5,489   -  91,805   -  33,032   -   4,303   -   5,292   -  13,471   -  12,913   +   3,570   -  14,754

Total assets                                 2,867,891      69,871   1,505,715     110,370      74,981     242,077     176,910     162,430      47,920      29,523      61,730     114,797     271,566
 
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,      April 4, 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          1,235,983      44,515     435,826      48,242      59,868     102,595     143,525      94,378      33,266      22,633      37,602      78,635     134,898
    Less: Notes held by F.R. Banks             176,463       4,803      63,334       5,896       7,803      10,960      26,008      11,751       4,215       4,219       3,464      11,114      22,896
      Federal Reserve notes, net             1,059,520      39,712     372,492      42,346      52,065      91,635     117,518      82,627      29,051      18,413      34,137      67,521     112,002
  Reverse repurchase agreements (12)            83,351       2,049      38,762       2,855       2,251       9,626       6,197       4,950       1,578       1,281       2,217       3,297       8,288
  Deposits                                   1,651,007      25,195   1,063,374      60,330      16,032     128,954      49,225      72,775      16,613       9,240      24,565      42,664     142,041
    Term deposits held by depository
       institutions                              3,057          15       2,094         451           0          43           5           8           0          76           0           5         361
    Other deposits held by depository
       institutions                          1,562,352      25,174     976,023      59,859      16,029     128,649      49,218      72,733      16,613       9,164      24,564      42,658     141,669
    U.S. Treasury, General Account              56,774           0      56,774           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                               127           1         100           3           3           8           2           1           0           0           0           1           6
    Other                                       28,697           4      28,384          17           0         253           0          32           0           0           1           1           6
  Deferred availability cash items               1,377          48           0         133         127          27         304          33          32         189          43         113         329
  Interest on Federal Reserve notes due
     to U.S. Treasury (13)                       1,235          11         649          16          10         106         114          88          26          26          39          57          92
  Other liabilities and accrued
     dividends (14)                             16,966         211      13,085         284         265         813         497         416         179         154         190         285         587

Total liabilities                            2,813,456      67,226   1,488,361     105,964      70,751     231,161     173,854     160,890      47,479      29,304      61,191     113,936     263,340

Capital
  Capital paid in                               27,217       1,323       8,677       2,203       2,115       5,458       1,528         770         220         110         269         430       4,113
  Surplus                                       27,217       1,323       8,677       2,203       2,115       5,458       1,528         770         220         110         269         430       4,113
  Other capital                                      0           0           0           0           0           0           0           0           0           0           0           0           0

Total liabilities and capital                2,867,891      69,871   1,505,715     110,370      74,981     242,077     176,910     162,430      47,920      29,523      61,730     114,797     271,566
 
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,      April 4, 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                                                        Apr 4, 2012 
 
Federal Reserve notes outstanding                                                          1,235,983
  Less: Notes held by F.R. Banks not subject to collateralization                            176,463
    Federal Reserve notes to be collateralized                                             1,059,520
Collateral held against Federal Reserve notes                                              1,059,520
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                 1,043,283
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,602,642
  Less: Face value of securities under reverse repurchase agreements                          73,421
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,529,221
 
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.