FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                               March 22, 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   Mar 21, 2012
Federal Reserve Banks                                     Mar 21, 2012 Mar 14, 2012 Mar 23, 2011
 
Reserve Bank credit                                        2,871,227   -      343   +  289,062    2,875,595
  Securities held outright (1)                             2,609,637   +    1,128   +  231,370    2,613,737
    U.S. Treasury securities                               1,662,477   -       59   +  367,127    1,663,484
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                         1,566,335   -    1,303   +  352,603    1,567,314
      Notes and bonds, inflation-indexed (2)                  68,667   +    1,109   +   12,138       68,667
      Inflation compensation (3)                               9,052   +      135   +    2,385        9,081
    Federal agency debt securities (2)                        98,992   -      811   -   39,931       98,992
    Mortgage-backed securities (4)                           848,168   +    1,998   -   95,826      851,260
  Repurchase agreements (5)                                        0            0            0            0
  Loans                                                        7,379   -       43   -   12,423        7,299
    Primary credit                                                12   -        7   +        9            3
    Secondary credit                                               0            0            0            0
    Seasonal credit                                                6   +        2            0            7
    Term Asset-Backed Securities Loan Facility (6)             7,362   -       37   -   12,430        7,289
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Maiden Lane LLC (7)                5,371   -      926   -   20,191        5,422
  Net portfolio holdings of Maiden Lane II LLC (8)             1,176   -    2,459   -   14,721           19
  Net portfolio holdings of Maiden Lane III LLC (9)           17,436   -      243   -    5,478       17,449
  Net portfolio holdings of TALF LLC (10)                        826   +        1   +      117          831
  Float                                                         -848   +       42   +      343         -837
  Central bank liquidity swaps (11)                           65,593   +      720   +   65,593       65,593
  Other Federal Reserve assets (12)                          164,656   +    1,436   +   44,451      166,082
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (13)                            44,352   +       14   +      572       44,352

Total factors supplying reserve funds                      2,931,820   -      329   +  289,634    2,936,188
 
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   Mar 21, 2012
Federal Reserve Banks                                     Mar 21, 2012 Mar 14, 2012 Mar 23, 2011
 
Currency in circulation (13)                               1,096,142   +      944   +   93,468    1,097,343
Reverse repurchase agreements (14)                            93,970   +    5,459   +   35,747       85,888
  Foreign official and international accounts                 92,899   +    5,185   +   34,676       85,888
  Others                                                       1,071   +      274   +    1,071            0
Treasury cash holdings                                           163   -        3   -       47          160
Deposits with F.R. Banks, other than reserve balances        142,495   +   49,116   +   26,845      136,845
  Term deposits held by depository institutions                    0            0            0            0
  U.S. Treasury, General Account                             102,488   +   60,672   +   15,208       87,172
  U.S. Treasury, Supplementary Financing Account                   0            0   -   24,996            0
  Foreign official                                               130   +        3   -        4          144
  Service-related                                              1,953            0   -      559        1,953
    Required clearing balances                                 1,953            0   -      559        1,953
    Adjustments to compensate for float                            0            0            0            0
  Other                                                       37,925   -   11,558   +   37,198       47,576
Other liabilities and capital (15)                            75,442   -       96   +    1,997       73,146

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,408,212   +   55,421   +  158,010    1,393,382

Reserve balances with Federal Reserve Banks                1,523,608   -   55,750   +  131,624    1,542,805
 
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   Mar 21, 2012
Memorandum item                                           Mar 21, 2012 Mar 14, 2012 Mar 23, 2011
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,477,258   +   11,122   +   75,509    3,469,025
  U.S. Treasury securities                                 2,740,581   +   12,602   +  100,406    2,733,209
  Federal agency securities (2)                              736,677   -    1,481   -   24,897      735,816
Securities lent to dealers                                    19,292   -    1,519   +    4,517       20,315
  Overnight facility (3)                                      19,292   -    1,519   +    4,517       20,315
    U.S. Treasury securities                                  18,581   -    1,370   +    4,655       19,628
    Federal agency debt securities                               711   -      149   -      138          687
 
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,     March 21, 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)                                     10          570        4,613        2,105            0           ...        7,299
U.S. Treasury securities (2)
  Holdings                                16,991       28,040       53,727      581,934      707,665       275,127    1,663,484
  Weekly changes                      -       76   +      154   -    1,982   -    9,073   +   10,610    +    4,083   +    3,716
Federal agency debt securities (3)
  Holdings                                 2,514        4,365       19,690       59,094       10,982         2,347       98,992
  Weekly changes                      -      811   +    1,139   +       26   -    1,165            0             0   -      811
Mortgage-backed securities (4)
  Holdings                                     0            0            1           11           99       851,150      851,260
  Weekly changes                               0            0            0            0   +       14    -    2,638   -    2,625
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)          40,799       24,795            0            0            0             0       65,593

Reverse repurchase agreements (6)         85,888            0          ...          ...          ...           ...       85,888
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                                                                                                           Mar 21, 2012 
 
Mortgage-backed securities held outright (1)                                                                             851,260

Commitments to buy mortgage-backed securities (2)                                                                         36,826
Commitments to sell mortgage-backed securities (2)                                                                             0

Cash and cash equivalents (3)                                                                                                172
 
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                                                                                                           Mar 21, 2012 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                              5,422

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  2,150
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         762
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,401
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
    December 31, 2011. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of
section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to
manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets.
Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses
of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to
JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.

 
5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Mar 21, 2012 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                              19

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                      0
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                           0
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                        0
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
    December 31, 2011. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of
   American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued
   interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table
   8 and table 9.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential
mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group,
Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred
payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.

 
6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Mar 21, 2012 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         17,449

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  8,271
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         718
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,582
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
    December 31, 2011. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector
collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written
credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the
related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to
AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.

 
7. Information on Principal Accounts of TALF LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Mar 21, 2012 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       831
Net portfolio holdings of TALF LLC                                                                                           831

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                      0
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                           0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3)                                        110
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF)
under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New
York (FRBNY) extends loans with a term of up to five years to holders of eligible asset-backed securities. The TALF is intended to
assist financial markets in accommodating the credit needs of consumers and businesses by facilitating the issuance of asset-backed
securities collateralized by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are
non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The loans
are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial
risk of a decline in the value of the security.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in
connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed
securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest.
Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF
LLC, by the interest received on investments of TALF LLC, by up to $4.3 billion in subordinated debt funding provided by the U.S.
Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio
holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S.
Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the
U.S. Treasury.

 
8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation   Mar 21, 2012   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Mar 14, 2012 Mar 23, 2011
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,327    -       15   +      134
  Securities, repurchase agreements, and loans                           2,621,036    +      199   +  219,942
    Securities held outright (1)                                         2,613,737    +      281   +  232,156
      U.S. Treasury securities                                           1,663,484    +    3,716   +  358,245
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                     1,567,314    +    2,472   +  344,625
        Notes and bonds, inflation-indexed (2)                              68,667    +    1,109   +   11,242
        Inflation compensation (3)                                           9,081    +      136   +    2,379
      Federal agency debt securities (2)                                    98,992    -      811   -   33,503
      Mortgage-backed securities (4)                                       851,260    -    2,625   -   92,588
    Repurchase agreements (5)                                                    0             0            0
    Loans                                                                    7,299    -       82   -   12,214
  Net portfolio holdings of Maiden Lane LLC (6)                              5,422    +       60   -   20,167
  Net portfolio holdings of Maiden Lane II LLC (7)                              19    -    3,616   -   15,881
  Net portfolio holdings of Maiden Lane III LLC (8)                         17,449    +       15   -    5,470
  Net portfolio holdings of TALF LLC (9)                                       831    +        6   +      113
  Items in process of collection                             (70)              124    -      102   -      211
  Bank premises                                                              2,385    +        1   +      166
  Central bank liquidity swaps (10)                                         65,593    +      720   +   65,593
  Other assets (11)                                                        163,569    +    1,876   +   45,367

Total assets                                                 (70)        2,894,991    -      858   +  289,585
 
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   Mar 21, 2012   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Mar 14, 2012 Mar 23, 2011
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                       1,055,474    +      324   +   92,953
  Reverse repurchase agreements (12)                                        85,888    -   13,362   +   24,502
  Deposits                                                    (0)        1,679,522    +   13,846   +  171,785
    Term deposits held by depository institutions                                0             0            0
    Other deposits held by depository institutions                       1,544,629    -   21,566   +  134,161
    U.S. Treasury, General Account                                          87,172    +   41,752   +   15,424
    U.S. Treasury, Supplementary Financing Account                               0             0   -   24,996
    Foreign official                                                           144    +       17   +       21
    Other                                                     (0)           47,576    -    6,358   +   47,175
  Deferred availability cash items                           (70)              961    -      436   -      596
  Other liabilities and accrued dividends (13)                              18,811    -    1,116   -      821

Total liabilities                                            (70)        2,840,657    -      742   +  287,824

Capital accounts
  Capital paid in                                                           27,167    -       58   +      880
  Surplus                                                                   27,167    -       58   +      880
  Other capital accounts                                                         0             0            0

Total capital                                                               54,334    -      116   +    1,761
 
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,     March 21, 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                                           2,327          63         116         161         167         412         200         327          32          60         175         226         387
  Securities, repurchase agreements,
     and loans                               2,621,036      64,266   1,222,789      89,536      70,602     301,860     194,312     155,218      49,470      40,169      69,530     103,374     259,909
    Securities held outright (1)             2,613,737      64,263   1,215,500      89,536      70,602     301,860     194,312     155,218      49,470      40,169      69,527     103,374     259,906
      U.S. Treasury securities               1,663,484      40,899     773,592      56,984      44,934     192,116     123,668      98,787      31,485      25,565      44,250      65,791     165,414
        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)                  1,645,062      40,446     765,024      56,353      44,437     189,988     122,298      97,693      31,136      25,282      43,759      65,062     163,582
      Federal agency debt securities (2)        98,992       2,434      46,036       3,391       2,674      11,433       7,359       5,879       1,874       1,521       2,633       3,915       9,844
      Mortgage-backed securities (4)           851,260      20,929     395,873      29,161      22,994      98,312      63,285      50,552      16,112      13,083      22,644      33,667      84,648
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Loans                                        7,299           3       7,289           0           0           0           0           0           0           0           4           0           3
  Net portfolio holdings of Maiden
     Lane LLC (6)                                5,422           0       5,422           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (7)                                19           0          19           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (8)                           17,449           0      17,449           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (9)           831           0         831           0           0           0           0           0           0           0           0           0           0
  Items in process of collection                   194           5           0          52          29           3          32          12           4           9           3          11          33
  Bank premises                                  2,385         123         472          67         125         231         213         204         133         105         258         244         212
  Central bank liquidity swaps (10)             65,593       2,299      21,159       5,689       4,849      13,568       3,751       1,750         536         268         652       1,051      10,020
  Other assets (11)                            163,569       4,314      72,186       6,976       5,610      21,294      11,742       8,866       2,847       2,267       3,939       5,932      17,596
  Interdistrict settlement account                   0   -   4,241   + 245,229   +   8,552   -   4,047   - 131,381   -  38,359   -  10,781   -   7,086   -  13,819   -  16,025   +   1,959   -  30,002

Total assets                                 2,895,061      67,414   1,591,354     111,675      78,022     207,272     173,939     156,875      46,407      29,347      59,004     113,806     259,947
 
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,     March 21, 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          1,232,399      43,851     436,985      48,289      59,852     102,753     143,916      90,392      33,360      22,821      36,436      78,934     134,811
    Less: Notes held by F.R. Banks             176,925       4,778      60,364       6,106       7,947      11,281      27,464      11,952       4,126       4,366       3,558      10,899      24,085
      Federal Reserve notes, net             1,055,474      39,072     376,621      42,183      51,905      91,472     116,452      78,440      29,234      18,455      32,878      68,035     110,726
  Reverse repurchase agreements (12)            85,888       2,112      39,942       2,942       2,320       9,919       6,385       5,101       1,626       1,320       2,285       3,397       8,541
  Deposits                                   1,679,522      23,383   1,143,571      61,618      19,172      93,886      47,160      71,340      14,867       8,989      23,028      41,086     131,421
    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                          1,544,629      23,381   1,008,845      61,603      19,168      93,791      47,158      71,307      14,867       8,989      23,026      41,085     131,409
    U.S. Treasury, General Account              87,172           0      87,172           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                               144           1         117           3           3           8           2           1           0           0           0           1           6
    Other                                       47,576           1      47,436          11           1          86           0          32           0           1           1           1           6
  Deferred availability cash items               1,031          36           3         106          96          19         224          25          24         175          32          56         235
  Interest on Federal Reserve notes due
     to U.S. Treasury (13)                       1,806         -50         861         130          30         234         137         102          32          28          44          69         189
  Other liabilities and accrued
     dividends (14)                             17,005         216      12,996         290         268         825         524         432         183         161         200         300         610

Total liabilities                            2,840,727      64,769   1,573,994     107,269      73,792     196,356     170,882     155,439      45,967      29,128      58,467     112,942     251,721

Capital
  Capital paid in                               27,167       1,323       8,680       2,203       2,115       5,458       1,528         718         220         109         268         432       4,113
  Surplus                                       27,167       1,323       8,680       2,203       2,115       5,458       1,528         718         220         109         268         432       4,113
  Other capital                                      0           0           0           0           0           0           0           0           0           0           0           0           0

Total liabilities and capital                2,895,061      67,414   1,591,354     111,675      78,022     207,272     173,939     156,875      46,407      29,347      59,004     113,806     259,947
 
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,     March 21, 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                                                       Mar 21, 2012 
 
Federal Reserve notes outstanding                                                          1,232,399
  Less: Notes held by F.R. Banks not subject to collateralization                            176,925
    Federal Reserve notes to be collateralized                                             1,055,474
Collateral held against Federal Reserve notes                                              1,055,474
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                 1,039,237
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,613,737
  Less: Face value of securities under reverse repurchase agreements                          76,083
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,537,654
 
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.