FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks August 23, 2012

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

Aug 22, 2012 Week ended

Aug 22, 2012

Change from week ended

Aug 15, 2012 Aug 24, 2011

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,810,644 - 28,970 - 31,864 2,808,360

Securities held outright1 2,586,296 - 12,423 - 63,937 2,583,672

U.S. Treasury securities 1,640,377 - 11,969 - 7,479 1,637,152

Bills2 0 0 - 18,423 0

Notes and bonds, nominal2 1,559,941 - 12,163 + 5,854 1,556,726

Notes and bonds, inflation-indexed2 70,435 + 193 + 4,487 70,435

Inflation compensation3 10,001 + 2 + 602 9,991

Federal agency debt securities2 88,507 - 869 - 21,395 87,210

Mortgage-backed securities4 857,412 + 415 - 35,063 859,310

Repurchase agreements5 0 - 86 0 0

Loans 3,413 - 227 - 8,348 2,847

Primary credit 10 - 14 + 9 9

Secondary credit 0 0 0 0

Seasonal credit 144 + 2 + 44 143

Term Asset-Backed Securities Loan Facility6 3,258 - 216 - 8,402 2,696

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,868 - 186 - 16,310 1,869

Net portfolio holdings of Maiden Lane II LLC8 61 0 - 10,008 61

Net portfolio holdings of Maiden Lane III LLC9 1,478 - 4,514 - 19,838 1,554

Net portfolio holdings of TALF LLC10 849 + 1 + 75 851

Float -644 + 11 + 301 -673

Central bank liquidity swaps11 26,484 - 3,521 + 25,984 26,484

Other Federal Reserve assets12 190,838 - 8,024 + 60,216 191,693

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding13 44,634 + 14 + 610 44,634

Total factors supplying reserve funds 2,871,519 - 28,956 - 31,254 2,869,236

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

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

Millions of dollars

Averages of daily figures Wednesday

Aug 22, 2012 Week ended

Aug 22, 2012

Change from week ended

Aug 15, 2012 Aug 24, 2011

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation13 1,116,634 + 161 + 84,151 1,118,108

Reverse repurchase agreements14 93,276 + 1,527 - 3,235 93,713

Foreign official and international accounts 93,276 + 1,527 - 2,950 93,713

Others 0 0 - 286 0

Treasury cash holdings 129 + 1 + 13 127

Deposits with F.R. Banks, other than reserve balances 83,204 + 15,106 - 13,096 81,379

Term deposits held by depository institutions 0 - 3,040 - 5,088 0

U.S. Treasury, General Account 24,038 - 4,360 + 3,256 13,680

U.S. Treasury, Supplementary Financing Account 0 0 0 0

Foreign official 5,087 - 82 + 895 5,083

Service-related 0 0 - 2,483 0

Required clearing balances 0 0 - 2,483 0

Adjustments to compensate for float 0 0 0 0

Other 54,080 + 22,590 - 9,675 62,616

Other liabilities and capital15 66,523 - 2,111 - 5,083 66,063

Total factors, other than reserve balances,

absorbing reserve funds 1,359,766 + 14,684 + 62,749 1,359,391

Reserve balances with Federal Reserve Banks 1,511,753 - 43,641 - 94,004 1,509,845

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

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

2. Face value of the securities.

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

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

the underlying mortgages.

5. Cash value of agreements.

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

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

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

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

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

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

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

foreign central bank.

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

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

13.Estimated.

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

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

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

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

and table 9.

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

1A. Memorandum Items

Millions of dollars

Averages of daily figures Wednesday

Aug 22, 2012 Week ended

Aug 22, 2012

Change from week ended

Aug 15, 2012 Aug 24, 2011

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,563,130 + 17,209 + 72,040 3,565,409

U.S. Treasury securities 2,868,188 + 14,857 + 111,241 2,867,023

Federal agency securities2 694,942 + 2,351 - 39,201 698,387

Securities lent to dealers 6,653 - 5,621 - 6,113 5,731

Overnight facility3 6,653 - 5,621 - 6,113 5,731

U.S. Treasury securities 6,054 - 5,593 - 6,100 5,074

Federal agency debt securities 599 - 28 - 13 657

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, August 22, 2012

Millions of dollars

Within 15

days

16 days to

90 days

91 days to

1 year

Over 1 year

to 5 years

Over 5 years

to 10 years

Over 10

years

Remaining maturity All

Loans1 128 350 966 1,403 0 ... 2,847

U.S. Treasury securities2

Holdings 3,556 828 4,812 497,998 773,527 356,431 1,637,152

Weekly changes + 3,556 - 3,555 - 1 - 15,598 + 7,493 - 1,102 - 9,208

Federal agency debt securities3

Holdings 0 7,133 14,364 58,956 4,410 2,347 87,210

Weekly changes - 1,891 + 1,825 - 1,825 + 1,340 - 1,340 0 - 1,891

Mortgage-backed securities4

Holdings 0 0 2 5 252 859,051 859,310

Weekly changes 0 0 0 0 + 36 + 5,120 + 5,155

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 9,256 17,228 0 0 0 0 26,484

Reverse repurchase agreements6 93,713 0 ... ... ... ... 93,713

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.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Wednesday

Aug 22, 2012 Account name

Mortgage-backed securities held outright1 859,310

Commitments to buy mortgage-backed securities2 39,196

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 102

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

Aug 22, 2012 Account name

Net portfolio holdings of Maiden Lane LLC1 1,869

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

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

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 486

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2012. Any assets purchased after

this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with

consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in

table 8 and table 9.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3)

of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets

through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from

the proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest

due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the

FRBNY.

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Wednesday

Aug 22, 2012 Account name

Net portfolio holdings of Maiden Lane II LLC1 61

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

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

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

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2012. Any assets purchased after

this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with

consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American

International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are

included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority

of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the

U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II

LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane II LLC, principal due to

the FRBNY, interest due to the FRBNY, and deferred payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the

FRBNY and AIG subsidiaries.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday

Aug 22, 2012 Account name

Net portfolio holdings of Maiden Lane III LLC1 1,554

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

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

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 0

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2012. Any assets purchased after

this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with

consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in

table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority

of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations

(CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In

connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane

III LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due

to the FRBNY, interest due to the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and

AIG.

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Wednesday

Aug 22, 2012 Account name

Asset-backed securities holdings1 0

Other investments, net 851

Net portfolio holdings of TALF LLC 851

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

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

Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable3 112

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

market on the measurement date.

2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with consolidation

under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8

and table 9.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF) under the authority

of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New York (FRBNY) extends loans with a term

of up to five years to holders of eligible asset-backed securities. The TALF is intended to assist financial markets in accommodating the credit needs of

consumers and businesses by facilitating the issuance of asset-backed securities collateralized by a variety of consumer and business loans. The loans

provided through the TALF to eligible borrowers are non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the

collateral to the FRBNY. The loans are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears

the initial risk of a decline in the value of the security.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the

decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed securities received by the FRBNY in

conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Losses on asset-backed securities held by TALF LLC will

be offset in the following order: by the commitment fees collected by TALF LLC, by the interest received on investments of TALF LLC, by up to $1.4 billion

in subordinated debt funding provided by the U.S. Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the

proceeds of its net portfolio holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the

U.S. Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the U.S. Treasury.
H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Eliminations from

consolidation

Wednesday

Aug 22, 2012

Change since

Wednesday

Aug 15, 2012

Wednesday

Aug 24, 2011

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,158 + 15 - 44

Securities, repurchase agreements, and loans 2,586,520 - 6,703 - 75,743

Securities held outright1 2,583,672 - 5,944 - 66,889

U.S. Treasury securities 1,637,152 - 9,208 - 11,283

Bills2 0 0 - 18,423

Notes and bonds, nominal2 1,556,726 - 9,181 + 2,054

Notes and bonds, inflation-indexed2 70,435 0 + 4,487

Inflation compensation3 9,991 - 27 + 599

Federal agency debt securities2 87,210 - 1,891 - 22,566

Mortgage-backed securities4 859,310 + 5,155 - 33,040

Repurchase agreements5 0 0 0

Loans 2,847 - 760 - 8,855

Net portfolio holdings of Maiden Lane LLC6 1,869 + 1 - 16,333

Net portfolio holdings of Maiden Lane II LLC7 61 0 - 10,010

Net portfolio holdings of Maiden Lane III LLC8 1,554 + 89 - 19,766

Net portfolio holdings of TALF LLC9 851 + 3 + 76

Items in process of collection (63) 147 + 21 - 120

Bank premises 2,356 + 2 + 157

Central bank liquidity swaps10 26,484 - 3,521 + 25,984

Other assets11 189,340 + 2,421 + 60,223

Total assets (63) 2,827,577 - 7,672 - 35,578

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

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

Millions of dollars

Eliminations from

consolidation

Wednesday

Aug 22, 2012

Change since

Wednesday

Aug 15, 2012

Wednesday

Aug 24, 2011

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,075,754 + 537 + 84,143

Reverse repurchase agreements12 93,713 + 3,029 - 5,806

Deposits (0) 1,591,226 - 11,799 - 108,504

Term deposits held by depository institutions 0 - 3,040 - 5,088

Other deposits held by depository institutions 1,509,847 - 53,646 - 100,197

U.S. Treasury, General Account 13,680 - 6,226 + 2,784

U.S. Treasury, Supplementary Financing Account 0 0 0

Foreign official 5,083 - 603 - 145

Other (0) 62,616 + 51,717 - 5,859

Deferred availability cash items (63) 821 - 13 - 577

Other liabilities and accrued dividends13 11,403 + 622 - 7,664

Total liabilities (63) 2,772,917 - 7,624 - 38,408

Capital accounts

Capital paid in 27,330 - 24 + 1,415

Surplus 27,330 - 24 + 1,415

Other capital accounts 0 0 0

Total capital 54,660 - 48 + 2,830

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

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

2. Face value of the securities.

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

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

underlying mortgages.

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

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

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

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

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

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

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

central bank.

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

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

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

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

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

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

9. Statement of Condition of Each Federal Reserve Bank, August 22, 2012Millions of dollars

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

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 408 3,824 437 515 890 1,337 839 313 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 Coin 2,158 46 92 146 149 388 204 317 36 Securities, repurchase agreements,

and loans 2,586,520 62,754 1,451,243 85,411 65,688 183,884 155,780 143,343 40,430 

Securities held outright1 2,583,672 62,753 1,448,547 85,411 65,688 183,884 155,778 143,331 40,393 

U.S. Treasury securities 1,637,152 39,763 917,877 54,121 41,624 116,518 98,709 90,822 25,595 

Bills2 0 0 0 0 0 0 0 0 0 Notes and bonds3 1,637,152 39,763 917,877 54,121 41,624 116,518 98,709 90,822 25,595 

Federal agency debt securities2 87,210 2,118 48,895 2,883 2,217 6,207 5,258 4,838 1,363 

Mortgage-backed securities4 859,310 20,871 481,776 28,407 21,847 61,158 51,810 47,671 13,434 

Repurchase agreements5 0 0 0 0 0 0 0 0 0 Loans 2,847 2 2,696 0 0 0 3 12 36 

Net portfolio holdings of Maiden

Lane LLC6 1,869 0 1,869 0 0 0 0 0 0 

Net portfolio holdings of Maiden

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

Net portfolio holdings of Maiden

Lane III LLC8 1,554 0 1,554 0 0 0 0 0 0 

Net portfolio holdings of TALF LLC9 851 0 851 0 0 0 0 0 0 

Items in process of collection 211 2 0 46 34 7 45 19 4 Bank premises 2,356 121 457 67 123 230 212 204 131 Central bank liquidity swaps10 26,484 928 8,543 2,297 1,958 5,478 1,514 707 217 Other assets11 189,340 4,896 99,697 7,741 6,040 17,035 11,364 9,762 2,793 Interdistrict settlement account 0 + 4,520 - 9,755 - 16,806 + 2,249 - 37,144 + 24,264 - 3,811 + 2,390 + 

Total assets 2,827,640 73,871 1,560,255 79,549 76,993 171,179 195,376 151,803 46,464 

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

9. Statement of Condition of Each Federal Reserve Bank, August 22, 2012 (continued)Millions of dollars

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

Assets, liabilities, and capital

Liabilities

Federal Reserve notes outstanding 1,286,137 45,899 447,867 47,417 61,489 102,027 174,312 94,208 37,416 

Less: Notes held by F.R. Banks 210,383 5,128 79,419 5,974 8,834 12,869 27,703 13,749 4,529 

Federal Reserve notes, net 1,075,754 40,771 368,448 41,443 52,655 89,158 146,609 80,459 32,888 

Reverse repurchase agreements12 93,713 2,276 52,541 3,098 2,383 6,670 5,650 5,199 1,465 

Deposits 1,591,226 27,884 1,114,736 30,255 17,346 63,601 39,305 64,035 11,440 

Term deposits held by depository

institutions 0 0 0 0 0 0 0 0 0 

Other deposits held by depository

institutions 1,509,847 27,878 1,033,572 30,236 17,343 63,460 39,298 64,008 11,440 

U.S. Treasury, General Account 13,680 0 13,680 0 0 0 0 0 0 U.S. Treasury, Supplementary

Financing Account 0 0 0 0 0 0 0 0 0 

Foreign official 5,083 1 5,055 3 3 8 2 1 0 Other 62,616 4 62,428 16 0 133 5 26 0 

Deferred availability cash items 884 28 23 96 55 21 150 33 23 Interest on Federal Reserve notes due

to U.S. Treasury13 2,013 49 1,087 71 56 155 122 133 32 

Other liabilities and accrued

dividends14 9,390 203 5,965 259 243 622 434 392 167 

Total liabilities 2,772,980 71,211 1,542,800 75,223 72,739 160,228 192,271 150,250 46,016 Capital

Capital paid in 27,330 1,330 8,727 2,163 2,127 5,476 1,552 776 224 Surplus 27,330 1,330 8,727 2,163 2,127 5,476 1,552 776 224 Other capital 0 0 0 0 0 0 0 0 0 

Total liabilities and capital 2,827,640 73,871 1,560,255 79,549 76,993 171,179 195,376 151,803 46,464 

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

9. Statement of Condition of Each Federal Reserve Bank, August 22, 2012 (continued)1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.2. Face value of the securities.3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securitie4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mort5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.6. Refer to table 4 and the note on consolidation below.7. Refer to table 5 and the note on consolidation below.8. Refer to table 6 and the note on consolidation below.9. Refer to table 7 and the note on consolidation below.10.Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign centr

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

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

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

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

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

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

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

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

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

Millions of dollars

Wednesday

Aug 22, 2012 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,286,137

Less: Notes held by F.R. Banks not subject to collateralization 210,383

Federal Reserve notes to be collateralized 1,075,754

Collateral held against Federal Reserve notes 1,075,754

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,059,518

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,583,672

Less: Face value of securities under reverse repurchase agreements 80,813

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,502,859

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.