FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                                June 28, 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   Jun 27, 2012
Federal Reserve Banks                                     Jun 27, 2012 Jun 20, 2012 Jun 29, 2011
 
Reserve Bank credit                                        2,854,264   +    4,588   +   11,108    2,846,331
  Securities held outright (1)                             2,620,927   -      245   -   15,638    2,612,993
    U.S. Treasury securities                               1,666,768   +    1,077   +   59,768    1,666,530
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                         1,570,616   +      152   +   56,277    1,570,357
      Notes and bonds, inflation-indexed (2)                  67,915   +      769   +    2,619       67,915
      Inflation compensation (3)                               9,815   +      157   +      872        9,835
    Federal agency debt securities (2)                        91,484   -      702   -   26,100       91,484
    Mortgage-backed securities (4)                           862,674   -      621   -   49,306      854,979
  Repurchase agreements (5)                                        0            0            0            0
  Loans                                                        4,898   -      443   -    8,077        4,858
    Primary credit                                                27   +        1   +        9           18
    Secondary credit                                               0            0            0            0
    Seasonal credit                                               69   +        5   +       18           66
    Term Asset-Backed Securities Loan Facility (6)             4,802   -      449   -    8,104        4,773
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Maiden Lane LLC (7)                2,475   -      235   -   21,344        2,423
  Net portfolio holdings of Maiden Lane II LLC (8)                18   -        1   -   12,496           18
  Net portfolio holdings of Maiden Lane III LLC (9)           12,303   +      290   -   11,936       12,590
  Net portfolio holdings of TALF LLC (10)                        845   +        4   +       88          845
  Float                                                         -652   +       72   +      387         -790
  Central bank liquidity swaps (11)                           27,059   +    2,844   +   27,059       27,059
  Other Federal Reserve assets (12)                          186,392   +    2,302   +   53,065      186,334
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (13)                            44,557   +       14   +      612       44,557

Total factors supplying reserve funds                      2,915,062   +    4,602   +   11,719    2,907,129
 
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   Jun 27, 2012
Federal Reserve Banks                                     Jun 27, 2012 Jun 20, 2012 Jun 29, 2011
 
Currency in circulation (13)                               1,108,160   -       24   +   84,205    1,110,227
Reverse repurchase agreements (14)                            84,091   +      249   +   18,764       83,737
  Foreign official and international accounts                 84,091   +      249   +   18,764       83,737
  Others                                                           0            0            0            0
Treasury cash holdings                                           120   -       14   -       10          117
Deposits with F.R. Banks, other than reserve balances        186,328   +   41,070   +   64,370      148,923
  Term deposits held by depository institutions                    0            0   -    5,087            0
  U.S. Treasury, General Account                             129,149   +   14,403   +   21,166      117,923
  U.S. Treasury, Supplementary Financing Account                   0            0   -    5,000            0
  Foreign official                                             1,655   +       81   +    1,466        1,578
  Service-related                                              1,896   -        1   -      638        1,896
    Required clearing balances                                 1,896   -        1   -      638        1,896
    Adjustments to compensate for float                            0            0            0            0
  Other                                                       53,628   +   26,586   +   52,462       27,526
Other liabilities and capital (15)                            75,171   -    1,321   +      594       74,074

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,453,870   +   39,959   +  167,922    1,417,077

Reserve balances with Federal Reserve Banks                1,461,191   -   35,358   -  156,204    1,490,052
 
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   Jun 27, 2012
Memorandum item                                           Jun 27, 2012 Jun 20, 2012 Jun 29, 2011
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,509,604   +    1,428   +   64,602    3,505,377
  U.S. Treasury securities                                 2,811,912   +   11,972   +  105,224    2,806,883
  Federal agency securities (2)                              697,692   -   10,544   -   40,621      698,493
Securities lent to dealers                                    13,575   +    2,328   -   15,952       11,664
  Overnight facility (3)                                      13,575   +    2,328   -   15,952       11,664
    U.S. Treasury securities                                  12,878   +    2,296   -   15,961       10,962
    Federal agency debt securities                               697   +       32   +        9          702
 
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,      June 27, 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)                                     75        1,565        1,554        1,664            0           ...        4,858
U.S. Treasury securities (2)
  Holdings                                17,015       16,014       21,354      524,628      754,623       332,895    1,666,530
  Weekly changes                      +    3,867   -    3,867            0   -    8,360   +    9,450    +    1,863   +    2,953
Federal agency debt securities (3)
  Holdings                                     0        6,907       13,919       62,561        5,750         2,347       91,484
  Weekly changes                               0   +    2,521   -    2,521            0            0             0            0
Mortgage-backed securities (4)
  Holdings                                     0            0            2            6          118       854,853      854,979
  Weekly changes                               0            0            0   -        1   -        2    -   13,057   -   13,059
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)           1,650       25,409            0            0            0             0       27,059

Reverse repurchase agreements (6)         83,737            0          ...          ...          ...           ...       83,737
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                                                                                                           Jun 27, 2012 
 
Mortgage-backed securities held outright (1)                                                                             854,979

Commitments to buy mortgage-backed securities (2)                                                                         31,002
Commitments to sell mortgage-backed securities (2)                                                                             0

Cash and cash equivalents (3)                                                                                                 92
 
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                                                                                                           Jun 27, 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)                              1,100
 
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                                                                                                           Jun 27, 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                                                                                                           Jun 27, 2012 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         12,590

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)                5,553
 
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                                                                                                           Jun 27, 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 $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   Jun 27, 2012   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Jun 20, 2012 Jun 29, 2011
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,135    -        1   +       21
  Securities, repurchase agreements, and loans                           2,617,851    -   10,671   -   37,611
    Securities held outright (1)                                         2,612,993    -   10,106   -   29,624
      U.S. Treasury securities                                           1,666,530    +    2,953   +   49,470
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                     1,570,357    +    2,898   +   45,999
        Notes and bonds, inflation-indexed (2)                              67,915             0   +    2,619
        Inflation compensation (3)                                           9,835    +       55   +      851
      Federal agency debt securities (2)                                    91,484             0   -   25,220
      Mortgage-backed securities (4)                                       854,979    -   13,059   -   53,874
    Repurchase agreements (5)                                                    0             0            0
    Loans                                                                    4,858    -      565   -    7,987
  Net portfolio holdings of Maiden Lane LLC (6)                              2,423    -       60   -   21,426
  Net portfolio holdings of Maiden Lane II LLC (7)                              18             0   -   12,520
  Net portfolio holdings of Maiden Lane III LLC (8)                         12,590    +      335   -   11,654
  Net portfolio holdings of TALF LLC (9)                                       845    +        4   +       88
  Items in process of collection                             (59)              166    -       53   -       72
  Bank premises                                                              2,364    +        1   +      154
  Central bank liquidity swaps (10)                                         27,059    +    2,844   +   27,059
  Other assets (11)                                                        184,010    +      259   +   52,492

Total assets                                                 (59)        2,865,698    -    7,341   -    3,469
 
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   Jun 27, 2012   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Jun 20, 2012 Jun 29, 2011
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                       1,067,917    +    1,159   +   82,129
  Reverse repurchase agreements (12)                                        83,737    -      371   +   17,130
  Deposits                                                    (0)        1,639,014    -    6,619   -  102,686
    Term deposits held by depository institutions                                0             0   -    5,087
    Other deposits held by depository institutions                       1,491,988    +   30,268   -  130,407
    U.S. Treasury, General Account                                         117,923    -   21,957   +   12,341
    U.S. Treasury, Supplementary Financing Account                               0             0   -    5,000
    Foreign official                                                         1,578    +        3   +    1,452
    Other                                                     (0)           27,526    -   14,933   +   24,015
  Deferred availability cash items                           (59)              956    +       75   -      522
  Other liabilities and accrued dividends (13)                              19,405    -    1,585   -    1,214

Total liabilities                                            (59)        2,811,029    -    7,341   -    5,164

Capital accounts
  Capital paid in                                                           27,334             0   +      847
  Surplus                                                                   27,334             0   +      847
  Other capital accounts                                                         0             0            0

Total capital                                                               54,669             0   +    1,695
 
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,      June 27, 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                                           2,135          40          91         150         148         383         199         314          36          53         162         204         356
  Securities, repurchase agreements,
     and loans                               2,617,851      63,468   1,469,762      86,380      66,434     185,970     157,548     144,961      40,862      23,794      52,501     101,540     224,630
    Securities held outright (1)             2,612,993      63,465   1,464,986      86,380      66,434     185,970     157,545     144,958      40,852      23,754      52,496     101,528     224,625
      U.S. Treasury securities               1,666,530      40,477     934,347      55,092      42,370     118,609     100,480      92,452      26,055      15,150      33,481      64,753     143,262
        Bills (2)                               18,423         447      10,329         609         468       1,311       1,111       1,022         288         167         370         716       1,584
        Notes and bonds (3)                  1,648,107      40,029     924,019      54,483      41,902     117,298      99,369      91,430      25,767      14,983      33,111      64,038     141,679
      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)           854,979      20,766     479,348      28,264      21,737      60,850      51,549      47,431      13,367       7,773      17,177      33,220      73,498
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Loans                                        4,858           4       4,775           0           0           0           3           4          10          40           5          12           6
  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)                           12,590           0      12,590           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                   224           3           0          57          34           3          43          12           6           8           4           8          48
  Bank premises                                  2,364         121         461          67         124         229         213         203         132         105         256         243         211
  Central bank liquidity swaps (10)             27,059         949       8,729       2,347       2,000       5,597       1,547         722         221         110         269         433       4,134
  Other assets (11)                            184,010       4,767      96,807       7,440       5,902      16,645      11,051       9,473       2,721       1,599       3,460       6,660      17,486
  Interdistrict settlement account                   0   +     950   +   8,034   -  18,744   -   2,575   -   5,303   +   9,040   +     573   +   1,848   +     563   -   2,620   -     659   +   8,892

Total assets                                 2,865,757      70,901   1,605,401      78,344      72,819     204,828     181,632     157,520      46,289      26,515      54,500     109,435     257,573
 
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,      June 27, 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          1,258,078      46,497     436,877      47,492      61,457     101,585     160,695      94,359      37,757      22,362      36,959      77,286     134,752
    Less: Notes held by F.R. Banks             190,161       5,016      71,849       5,666       7,778      12,397      27,459      12,852       4,291       3,401       3,505      11,129      24,819
      Federal Reserve notes, net             1,067,917      41,481     365,029      41,826      53,678      89,189     133,236      81,507      33,466      18,961      33,454      66,157     109,934
  Reverse repurchase agreements (12)            83,737       2,034      46,948       2,768       2,129       5,960       5,049       4,645       1,309         761       1,682       3,254       7,198
  Deposits                                   1,639,014      24,459   1,160,791      29,001      12,415      97,942      39,592      69,261      10,798       6,139      18,588      38,728     131,301
    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                          1,491,988      24,438   1,013,946      28,992      12,412      97,837      39,586      69,235      10,797       6,139      18,586      38,726     131,294
    U.S. Treasury, General Account             117,923           0     117,923           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                             1,578           1       1,550           3           3           8           2           1           0           0           0           1           6
    Other                                       27,526          19      27,372           6           0          97           4          25           0           0           1           1           1
  Deferred availability cash items               1,014          30           0          96          54          20         113          23          83         277          29          63         227
  Interest on Federal Reserve notes due
     to U.S. Treasury (13)                       1,238          23         839          19          13          31          68          67          19          11          27          51          70
  Other liabilities and accrued
     dividends (14)                             18,167         230      14,341         306         289         737         472         413         168         138         175         295         604

Total liabilities                            2,811,088      68,257   1,587,947      74,016      68,577     193,878     178,530     155,915      45,843      26,288      53,955     108,547     249,333

Capital
  Capital paid in                               27,334       1,322       8,727       2,164       2,121       5,475       1,551         802         223         114         272         444       4,120
  Surplus                                       27,334       1,322       8,727       2,164       2,121       5,475       1,551         802         223         114         272         444       4,120
  Other capital                                      0           0           0           0           0           0           0           0           0           0           0           0           0

Total liabilities and capital                2,865,757      70,901   1,605,401      78,344      72,819     204,828     181,632     157,520      46,289      26,515      54,500     109,435     257,573
 
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,      June 27, 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                                                       Jun 27, 2012 
 
Federal Reserve notes outstanding                                                          1,258,078
  Less: Notes held by F.R. Banks not subject to collateralization                            190,161
    Federal Reserve notes to be collateralized                                             1,067,917
Collateral held against Federal Reserve notes                                              1,067,917
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                 1,051,680
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,612,993
  Less: Face value of securities under reverse repurchase agreements                          71,782
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,541,211
 
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.