FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                             January 19, 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   Jan 18, 2012
Federal Reserve Banks                                     Jan 18, 2012 Jan 11, 2012 Jan 19, 2011
 
Reserve Bank credit                                        2,903,761   +   20,871   +  487,459    2,901,179
  Securities held outright (1)                             2,602,187   +    7,369   +  395,648    2,600,438
    U.S. Treasury securities                               1,647,279   -    5,964   +  575,660    1,651,506
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                         1,550,886   -    6,945   +  553,564    1,555,200
      Notes and bonds, inflation-indexed (2)                  68,482   +      973   +   18,808       68,418
      Inflation compensation (3)                               9,488   +        8   +    3,287        9,466
    Federal agency debt securities (2)                       102,030   -    1,281   -   44,174      101,498
    Mortgage-backed securities (4)                           852,878   +   14,614   -  135,839      847,434
  Repurchase agreements (5)                                        0            0            0            0
  Loans                                                        8,598   -      239   -   18,030        8,596
    Primary credit                                                 4   -        1   -       43            2
    Secondary credit                                               0            0   -        2            0
    Seasonal credit                                                2   -        5   -        8            3
    Credit extended to American International
       Group, Inc., net (6)                                        0            0   -    2,904            0
    Term Asset-Backed Securities Loan Facility (7)             8,592   -      233   -   15,074        8,590
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Maiden Lane LLC (8)                7,171   -       69   -   19,289        7,010
  Net portfolio holdings of Maiden Lane II LLC (9)             9,146   +        3   -    6,800        9,150
  Net portfolio holdings of Maiden Lane III LLC (10)          17,798   -        1   -    4,747       17,633
  Net portfolio holdings of TALF LLC (11)                        811            0   +      146          811
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (6)                                              0            0   -    3,769            0
  Float                                                         -916   +       24   +      887       -1,576
  Central bank liquidity swaps (12)                          103,266   +   10,985   +  103,196      103,266
  Other Federal Reserve assets (13)                          155,700   +    2,799   +   40,218      155,852
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (14)                            44,277   +       14   +      632       44,277

Total factors supplying reserve funds                      2,964,278   +   20,884   +  488,090    2,961,697
 
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   Jan 18, 2012
Federal Reserve Banks                                     Jan 18, 2012 Jan 11, 2012 Jan 19, 2011
 
Currency in circulation (14)                               1,067,960   -    1,993   +   89,385    1,067,888
Reverse repurchase agreements (15)                            84,427   -    3,725   +   30,640       91,093
  Foreign official and international accounts                 84,427   -    3,725   +   30,640       91,093
  Others                                                           0            0            0            0
Treasury cash holdings                                           137   +        5   -       58          145
Deposits with F.R. Banks, other than reserve balances        146,368   +    4,958   -  150,114      187,672
  Term deposits held by depository institutions                3,079   +    3,079   +    3,079        3,079
  U.S. Treasury, General Account                              78,069   -      194   +   19,111      108,203
  U.S. Treasury, Supplementary Financing Account                   0            0   -  199,961            0
  Foreign official                                               152   +       27   -    4,160          126
  Service-related                                              1,980   -      505   -      382        1,980
    Required clearing balances                                 1,980   -      505   -      382        1,980
    Adjustments to compensate for float                            0            0            0            0
  Other                                                       63,089   +    2,553   +   32,201       74,285
Funds from American International Group, Inc. asset
   dispositions, held as agent (6)                                 0            0   -    3,842            0
Other liabilities and capital (16)                            71,907   +      766   -      193       71,418

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,370,798   +       10   -   34,184    1,418,216

Reserve balances with Federal Reserve Banks                1,593,480   +   20,874   +  522,274    1,543,481
 
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. As a result of the closing of the American International Group, Inc. (AIG) recapitalization plan on
   January 14, 2011, the credit extended to AIG was fully repaid and the Federal Reserve's commitment to lend
   any further funds was terminated. In addition, the Federal Reserve Bank of New York (FRBNY) has been paid
   in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. The funds from AIG asset
   dispositions that FRBNY held as agent were the source of repayment of the credit extended to AIG, as well
   as a portion of the FRBNY's preferred interests in ALICO Holdings LLC. The remaining FRBNY preferred
   interests in ALICO Holdings LLC and AIA Aurora LLC, valued at approximately $20 billion, were purchased by
   AIG through a draw on the Treasury's Series F preferred stock commitment and then transferred by AIG to
   the Treasury as consideration for the draw on the available Series F funds.
7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term
   Asset-Backed Securities Loan Facility.
8. Refer to table 4 and the note on consolidation accompanying table 9.
9.  Refer to table 5 and the note on consolidation accompanying table 9.
10. Refer to table 6 and the note on consolidation accompanying table 9.
11. Refer to table 7 and the note on consolidation accompanying table 9.
12. 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.
13. 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. Before the closing of the AIG recapitalization plan on
    January 14, 2011, included accrued dividends on the FRBNY's preferred interests in AIA Aurora LLC and
    ALICO Holdings LLC.
14. Estimated.
15. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
    securities, and mortgage-backed securities.
16. 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   Jan 18, 2012
Memorandum item                                           Jan 18, 2012 Jan 11, 2012 Jan 19, 2011
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,391,653   -    6,065   +   48,450    3,403,270
  U.S. Treasury securities                                 2,664,888   -    3,931   +   66,777    2,676,708
  Federal agency securities (2)                              726,765   -    2,133   -   18,327      726,562
Securities lent to dealers                                    10,573   +    1,957   -    4,450       14,372
  Overnight facility (3)                                      10,573   +    1,957   -    4,450       14,372
    U.S. Treasury securities                                   9,650   +    1,920   -    3,968       13,520
    Federal agency debt securities                               923   +       37   -      482          852
 
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,   January 18, 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)                                      5           11        4,598        3,982            0           ...        8,596
U.S. Treasury securities (2)
  Holdings                                14,630       35,186       66,893      638,088      659,004       237,705    1,651,506
  Weekly changes                      -    6,059   +   13,378   -   11,071   -    4,497   +    3,225    +    5,686   +      663
Federal agency debt securities (3)
  Holdings                                     0        6,298       20,089       58,931       13,833         2,347      101,498
  Weekly changes                      -      903   +    1,278   -       28   -    1,250            0             0   -      903
Mortgage-backed securities (4)
  Holdings                                     0            0            0           13           67       847,353      847,434
  Weekly changes                               0            0            0            0   +       31    +    7,128   +    7,160
Asset-backed securities held by
   TALF LLC (5)                                0            0            0            0            0             0            0
Repurchase agreements (6)                      0            0          ...          ...          ...           ...            0
Central bank liquidity swaps (7)           9,179       94,087            0            0            0             0      103,266

Reverse repurchase agreements (6)         91,093            0          ...          ...          ...           ...       91,093
Term deposits                                  0        3,079            0          ...          ...           ...        3,079
 
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                                                                                                           Jan 18, 2012 
 
Mortgage-backed securities held outright (1)                                                                             847,434

Commitments to buy mortgage-backed securities (2)                                                                         33,210
Commitments to sell mortgage-backed securities (2)                                                                             0

Cash and cash equivalents (3)                                                                                                 14
 
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                                                                                                           Jan 18, 2012 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                              7,010

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  3,812
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         757
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,389
 
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
   September 30, 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                                                                                                           Jan 18, 2012 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                           9,150

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  6,084
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         573
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                    1,108
 
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
   September 30, 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                                                                                                           Jan 18, 2012 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         17,633

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  8,890
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         698
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,551
 
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
   September 30, 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                                                                                                           Jan 18, 2012 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       811
Net portfolio holdings of TALF LLC                                                                                           811

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   Jan 18, 2012   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Jan 11, 2012 Jan 19, 2011
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,370    +       25   +      124
  Securities, repurchase agreements, and loans                           2,609,034    +    6,887   +  379,726
    Securities held outright (1)                                         2,600,438    +    6,919   +  394,819
      U.S. Treasury securities                                           1,651,506    +      663   +  571,928
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                     1,555,200    +      793   +  550,461
        Notes and bonds, inflation-indexed (2)                              68,418    -       90   +   18,046
        Inflation compensation (3)                                           9,466    -       39   +    3,422
      Federal agency debt securities (2)                                   101,498    -      903   -   44,387
      Mortgage-backed securities (4)                                       847,434    +    7,160   -  132,723
    Repurchase agreements (5)                                                    0             0            0
    Loans                                                                    8,596    -       32   -   15,092
  Net portfolio holdings of Maiden Lane LLC (6)                              7,010    -      236   -   19,383
  Net portfolio holdings of Maiden Lane II LLC (7)                           9,150    +        5   -    6,801
  Net portfolio holdings of Maiden Lane III LLC (8)                         17,633    -      233   -    4,795
  Net portfolio holdings of TALF LLC (9)                                       811             0   +      146
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (10)                                                           0             0            0
  Items in process of collection                            (195)              391    +       84   -       74
  Bank premises                                                              2,182             0   -       40
  Central bank liquidity swaps (11)                                        103,266    +   11,807   +  103,196
  Other assets (12)                                                        153,668    +    1,909   +   41,386

Total assets                                                (195)        2,921,751    +   20,248   +  493,483
 
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   Jan 18, 2012   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Jan 11, 2012 Jan 19, 2011
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                       1,026,122    -      466   +   88,718
  Reverse repurchase agreements (13)                                        91,093    +    6,461   +   38,161
  Deposits                                                    (0)        1,731,151    +   15,043   +  367,743
    Term deposits held by depository institutions                            3,079    +    3,079   +    3,079
    Other deposits held by depository institutions                       1,545,459    -   39,316   +  481,502
    U.S. Treasury, General Account                                         108,203    +   42,136   +   14,080
    U.S. Treasury, Supplementary Financing Account                               0             0   -  199,961
    Foreign official                                                           126    +        1   -    4,784
    Other                                                     (0)           74,285    +    9,144   +   73,828
  Deferred availability cash items                          (195)            1,967    +      652   -      792
  Other liabilities and accrued dividends (14)                              17,617    -    1,443   -    1,084

Total liabilities                                           (195)        2,867,950    +   20,247   +  492,745

Capital accounts
  Capital paid in                                                           26,901    +        1   +      370
  Surplus                                                                   26,901    +        1   +      370
  Other capital accounts                                                         0             0            0

Total capital                                                               53,801             0   +      738
 
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. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank
    of New York has been paid in full for its	preferred interests in AIA Aurora LLC and ALICO Holdings LLC. A
    portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were
    held as agent by the Federal Reserve.
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 Federal Reserve Bank of New York (FRBNY) to
    eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG
    recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY's preferred interests in
    AIA Aurora LLC and ALICO Holdings LLC.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
    securities, and mortgage-backed securities.
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
    accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S.
    Treasury. Before the closing of the AIG recapitalization plan on January 14, 2011, included funds from
    American International Group, Inc. asset dispositions, held as agent.


 
9. Statement of Condition of Each Federal Reserve Bank,   January 18, 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                                           2,370          55          90         161         177         416         211         348          37          62         177         247         389
  Securities, repurchase agreements,
     and loans                               2,609,034      63,936   1,217,907      89,081      70,243     300,324     193,323     154,428      49,220      39,966      69,175     102,848     258,584
    Securities held outright (1)             2,600,438      63,936   1,209,315      89,081      70,243     300,324     193,323     154,428      49,219      39,965      69,173     102,848     258,584
      U.S. Treasury securities               1,651,506      40,605     768,021      56,574      44,611     190,732     122,777      98,075      31,258      25,381      43,931      65,317     164,223
        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)                  1,633,084      40,152     759,454      55,943      44,113     188,605     121,408      96,981      30,909      25,098      43,441      64,589     162,391
      Federal agency debt securities (2)       101,498       2,495      47,201       3,477       2,742      11,722       7,546       6,028       1,921       1,560       2,700       4,014      10,093
      Mortgage-backed securities (4)           847,434      20,835     394,093      29,030      22,891      97,870      63,000      50,325      16,039      13,024      22,542      33,516      84,268
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Loans                                        8,596           0       8,591           0           0           0           0           0           1           1           2           0           0
  Net portfolio holdings of Maiden
     Lane LLC (6)                                7,010           0       7,010           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (7)                             9,150           0       9,150           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (8)                           17,633           0      17,633           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (9)           811           0         811           0           0           0           0           0           0           0           0           0           0
  Preferred interests in AIA Aurora LLC
     and ALICO Holdings LLC (10)                     0           0           0           0           0           0           0           0           0           0           0           0           0
  Items in process of collection                   586          18           0         107         172          84         121          21           8          25           8          30          -8
  Bank premises                                  2,182         122         261          67         125         232         214         205         134         105         259         245         213
  Central bank liquidity swaps (11)            103,266       3,569      29,909      10,003       7,660      21,175       5,918       2,616         842       3,190         930       1,565      15,891
  Other assets (12)                            153,668       4,068      66,709       6,894       5,383      20,128      10,993       8,226       2,660       2,801       3,640       5,501      16,666
  Interdistrict settlement account                   0   -   7,168   + 350,725   -  28,078   -  13,183   - 143,563   -  48,169   -  11,959   -   8,623   -  19,531   -  18,640   -   3,991   -  47,820

Total assets                                 2,921,946      65,185   1,705,888      78,875      71,265     200,080     164,658     155,163      44,746      26,905      56,020     107,453     245,706
 
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,   January 18, 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          1,210,858      44,256     433,971      46,093      54,590      94,713     143,610      89,177      33,871      21,065      34,637      80,038     134,837
    Less: Notes held by F.R. Banks             184,736       4,811      54,280       6,648       9,685      12,263      29,148      12,988       4,534       5,446       4,113      12,959      27,861
      Federal Reserve notes, net             1,026,122      39,445     379,691      39,444      44,905      82,450     114,462      76,189      29,337      15,619      30,525      67,079     106,976
  Reverse repurchase agreements (13)            91,093       2,240      42,362       3,120       2,461      10,520       6,772       5,410       1,724       1,400       2,423       3,603       9,058
  Deposits                                   1,731,151      21,293   1,252,980      31,134      19,402      95,089      39,515      71,590      12,986       9,175      22,261      35,392     120,333
    Term deposits held by depository
       institutions                              3,079          20         621         617          47       1,010           5         364           3          65         251           5          72
    Other deposits held by depository
       institutions                          1,545,459      21,262   1,069,863      30,512      19,352      94,030      39,507      71,194      12,983       9,108      22,010      35,385     120,254
    U.S. Treasury, General Account             108,203           0     108,203           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                               126           1          98           4           3           8           2           1           0           1           0           1           6
    Other                                       74,285           9      74,196           2           1          41           0          32           0           1           1           1           1
  Deferred availability cash items               2,162          96           0         221         222          47         302          93          73         333          79         206         489
  Interest on Federal Reserve notes due
     to U.S. Treasury (14)                       1,770          42         842          67          55         213         127          94          28          28          42          63         171
  Other liabilities and accrued
     dividends (15)                             15,846         183      12,658         222         241         632         405         352         158         131         155         250         460

Total liabilities                            2,868,145      63,298   1,688,534      74,209      67,287     188,952     161,582     153,728      44,306      26,686      55,484     106,591     237,487

Capital
  Capital paid in                               26,901         943       8,677       2,333       1,989       5,564       1,538         718         220         109         268         431       4,109
  Surplus                                       26,901         943       8,677       2,333       1,989       5,564       1,538         718         220         109         268         431       4,109
  Other capital                                      0           0           0           0           0           0           0           0           0           0           0           0           0

Total liabilities and capital                2,921,946      65,185   1,705,888      78,875      71,265     200,080     164,658     155,163      44,746      26,905      56,020     107,453     245,706
 
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,   January 18, 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. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank of New York has been paid in full for its preferred interests in AIA Aurora LLC and ALICO
    Holdings LLC. A portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were held as agent by the Federal Reserve.
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 Federal Reserve Bank of New York
    (FRBNY) to eligible	borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on January 14, 2011, included accrued dividends on the
    FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
14. 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.
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 below. Before the closing of the AIG recapitalization plan on January 14,
    2011, included funds from American International Group, Inc. asset dispositions, held as agent.


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                                                       Jan 18, 2012 
 
Federal Reserve notes outstanding                                                          1,210,858
  Less: Notes held by F.R. Banks not subject to collateralization                            184,736
    Federal Reserve notes to be collateralized                                             1,026,122
Collateral held against Federal Reserve notes                                              1,026,122
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                 1,009,885
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,600,438
  Less: Face value of securities under reverse repurchase agreements                          78,428
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,522,010
 
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.