FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks September 6, 2012

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

 Sep 5, 2012 Week ended

 Sep 5, 2012

Change from week ended

Aug 29, 2012 Sep 7, 2011

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,798,012 - 5,627 - 42,835 2,804,244

Securities held outright1 2,574,490 - 3,695 - 74,808 2,579,781

U.S. Treasury securities 1,643,594 + 5,259 - 10,983 1,648,862

Bills2 0 0 - 18,423 0

Notes and bonds, nominal2 1,563,207 + 5,281 + 3,299 1,568,492

Notes and bonds, inflation-indexed2 70,435 0 + 3,681 70,435

Inflation compensation3 9,952 - 23 + 460 9,935

Federal agency debt securities2 87,210 0 - 22,566 87,210

Mortgage-backed securities4 843,687 - 8,953 - 41,258 843,710

Repurchase agreements5 0 0 0 0

Loans 2,435 - 161 - 9,237 2,497

Primary credit 151 + 119 + 149 255

Secondary credit 0 0 0 0

Seasonal credit 133 - 14 + 55 121

Term Asset-Backed Securities Loan Facility6 2,152 - 265 - 9,440 2,121

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,911 + 37 - 16,323 1,915

Net portfolio holdings of Maiden Lane II LLC8 61 0 - 9,916 61

Net portfolio holdings of Maiden Lane III LLC9 1,585 + 26 - 19,754 1,585

Net portfolio holdings of TALF LLC10 851 0 + 76 851

Float -691 - 90 + 413 -1,166

Central bank liquidity swaps11 23,442 - 2,241 + 23,442 23,442

Other Federal Reserve assets12 193,927 + 496 + 63,272 195,276

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding13 44,662 + 14 + 600 44,662

Total factors supplying reserve funds 2,858,915 - 5,614 - 42,235 2,865,147

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

 Sep 5, 2012 Week ended

 Sep 5, 2012

Change from week ended

Aug 29, 2012 Sep 7, 2011

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation13 1,127,869 + 8,745 + 85,998 1,129,018

Reverse repurchase agreements14 92,945 + 127 - 10,483 89,848

Foreign official and international accounts 92,945 + 127 - 10,483 89,848

Others 0 0 0 0

Treasury cash holdings 118 - 8 - 5 120

Deposits with F.R. Banks, other than reserve balances 53,380 - 29,677 - 15,260 51,974

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 30,048 + 4,854 + 9,856 26,561

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

Foreign official 5,134 + 44 + 698 5,084

Service-related 0 0 - 2,475 0

Required clearing balances 0 0 - 2,475 0

Adjustments to compensate for float 0 0 0 0

Other 18,198 - 34,574 - 23,339 20,329

Other liabilities and capital15 66,439 - 649 - 4,737 65,805

Total factors, other than reserve balances,

absorbing reserve funds 1,340,751 - 21,461 + 55,513 1,336,765

Reserve balances with Federal Reserve Banks 1,518,165 + 15,848 - 97,747 1,528,382

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

 Sep 5, 2012 Week ended

 Sep 5, 2012

Change from week ended

Aug 29, 2012 Sep 7, 2011

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,578,713 + 11,108 + 101,152 3,573,562

U.S. Treasury securities 2,878,468 + 10,591 + 134,184 2,873,162

Federal agency securities2 700,245 + 517 - 33,032 700,400

Securities lent to dealers 5,207 - 993 - 6,401 5,188

Overnight facility3 5,207 - 993 - 6,401 5,188

U.S. Treasury securities 4,566 - 1,008 - 6,532 4,639

Federal agency debt securities 641 + 15 + 132 549

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, September 5, 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 322 323 771 1,081 0 ... 2,497

U.S. Treasury securities2

Holdings 0 928 4,713 492,051 785,689 365,481 1,648,862

Weekly changes - 3,556 + 100 - 99 + 1,856 + 7,523 + 3,625 + 9,449

Federal agency debt securities3

Holdings 112 7,815 13,570 58,956 4,410 2,347 87,210

Weekly changes + 112 - 112 0 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 4 3 286 843,417 843,710

Weekly changes 0 0 + 2 - 1 + 18 + 95 + 113

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 16,156 7,287 0 0 0 0 23,442

Reverse repurchase agreements6 89,848 0 ... ... ... ... 89,848

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

 Sep 5, 2012 Account name

Mortgage-backed securities held outright1 843,710

Commitments to buy mortgage-backed securities2 50,506

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 65

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

 Sep 5, 2012 Account name

Net portfolio holdings of Maiden Lane LLC1 1,915

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.3 487

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

 Sep 5, 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

 Sep 5, 2012 Account name

Net portfolio holdings of Maiden Lane III LLC1 1,585

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

 Sep 5, 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

 Sep 5, 2012

Change since

Wednesday

Aug 29, 2012

Wednesday

 Sep 7, 2011

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,135 - 15 - 60

Securities, repurchase agreements, and loans 2,582,278 + 9,638 - 79,704

Securities held outright1 2,579,781 + 9,561 - 70,539

U.S. Treasury securities 1,648,862 + 9,449 - 6,737

Bills2 0 0 - 18,423

Notes and bonds, nominal2 1,568,492 + 9,478 + 7,567

Notes and bonds, inflation-indexed2 70,435 0 + 3,681

Inflation compensation3 9,935 - 30 + 438

Federal agency debt securities2 87,210 0 - 22,566

Mortgage-backed securities4 843,710 + 113 - 41,235

Repurchase agreements5 0 0 0

Loans 2,497 + 77 - 9,164

Net portfolio holdings of Maiden Lane LLC6 1,915 + 7 - 16,342

Net portfolio holdings of Maiden Lane II LLC7 61 0 - 9,895

Net portfolio holdings of Maiden Lane III LLC8 1,585 0 - 19,821

Net portfolio holdings of TALF LLC9 851 0 + 76

Items in process of collection (114) 206 + 143 - 125

Bank premises 2,349 - 8 + 166

Central bank liquidity swaps10 23,442 - 2,241 + 23,442

Other assets11 192,928 + 1,824 + 64,107

Total assets (114) 2,823,988 + 9,350 - 38,156

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

 Sep 5, 2012

Change since

Wednesday

Aug 29, 2012

Wednesday

 Sep 7, 2011

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,086,606 + 5,437 + 85,081

Reverse repurchase agreements12 89,848 - 2,803 - 12,908

Deposits (0) 1,580,357 + 6,448 - 104,828

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 1,528,383 - 2,804 - 81,854

U.S. Treasury, General Account 26,561 + 1,540 + 3,720

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

Foreign official 5,084 0 + 1,842

Other (0) 20,329 + 7,713 - 28,536

Deferred availability cash items (114) 1,372 + 540 - 826

Other liabilities and accrued dividends13 11,170 - 238 - 7,407

Total liabilities (114) 2,769,353 + 9,384 - 40,888

Capital accounts

Capital paid in 27,317 - 17 + 1,366

Surplus 27,317 - 17 + 1,366

Other capital accounts 0 0 0

Total capital 54,635 - 34 + 2,732

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, September 5, 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 2,135 47 95 147 146 381 197 317 36 Securities, repurchase agreements,

and loans 2,582,278 62,661 1,448,487 85,282 65,589 183,607 155,545 143,124 40,351 

Securities held outright1 2,579,781 62,658 1,446,366 85,282 65,589 183,607 155,543 143,115 40,332 

U.S. Treasury securities 1,648,862 40,048 924,442 54,508 41,921 117,352 99,415 91,472 25,778 

Bills2 0 0 0 0 0 0 0 0 0 Notes and bonds3 1,648,862 40,048 924,442 54,508 41,921 117,352 99,415 91,472 25,778 

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 843,710 20,492 473,030 27,891 21,451 60,048 50,870 46,805 13,191 

Repurchase agreements5 0 0 0 0 0 0 0 0 0 Loans 2,497 3 2,121 0 0 0 2 9 18 

Net portfolio holdings of Maiden

Lane LLC6 1,915 0 1,915 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 1,585 0 1,585 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 321 3 0 59 46 27 89 14 4 Bank premises 2,349 121 455 67 122 229 213 203 130 Central bank liquidity swaps10 23,442 822 7,562 2,033 1,733 4,849 1,340 625 192 Other assets11 192,928 4,987 101,716 7,779 6,149 17,336 11,599 9,966 2,856 Interdistrict settlement account 0 + 2,063 - 51,804 - 12,770 + 3,263 - 16,932 + 28,864 - 874 + 3,454 + 

Total assets 2,824,103 71,307 1,516,566 83,245 77,801 190,800 199,837 154,638 47,485 

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, September 5, 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 1,292,434 45,840 450,694 47,558 61,391 102,173 174,747 94,516 37,356 

Less: Notes held by F.R. Banks 205,828 4,848 80,637 5,700 8,305 11,963 26,049 13,100 4,062 

Federal Reserve notes, net 1,086,606 40,993 370,057 41,859 53,087 90,211 148,698 81,416 33,294 

Reverse repurchase agreements12 89,848 2,182 50,374 2,970 2,284 6,395 5,417 4,984 1,405 

Deposits 1,580,357 25,182 1,071,474 33,636 17,828 82,458 41,805 66,206 12,100 

Term deposits held by depository

institutions 0 0 0 0 0 0 0 0 0 

Other deposits held by depository

institutions 1,528,383 25,178 1,019,764 33,612 17,826 82,276 41,797 66,178 12,099 

U.S. Treasury, General Account 26,561 0 26,561 0 0 0 0 0 0 U.S. Treasury, Supplementary

Financing Account 0 0 0 0 0 0 0 0 0 

Foreign official 5,084 1 5,057 3 3 8 2 1 0 Other 20,329 2 20,091 21 0 174 5 26 0 

Deferred availability cash items 1,487 63 0 150 69 59 317 30 56 Interest on Federal Reserve notes due

to U.S. Treasury13 1,363 30 738 49 37 109 108 68 19 

Other liabilities and accrued

dividends14 9,808 199 6,464 255 242 616 419 381 164 

Total liabilities 2,769,468 68,649 1,499,107 78,918 73,547 179,847 196,764 153,085 47,037 Capital

Capital paid in 27,317 1,329 8,730 2,163 2,127 5,476 1,537 776 224 Surplus 27,317 1,329 8,730 2,163 2,127 5,476 1,537 776 224 Other capital 0 0 0 0 0 0 0 0 0 

Total liabilities and capital 2,824,103 71,307 1,516,566 83,245 77,801 190,800 199,837 154,638 47,485 

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, September 5, 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

 Sep 5, 2012 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,292,434

Less: Notes held by F.R. Banks not subject to collateralization 205,828

Federal Reserve notes to be collateralized 1,086,606

Collateral held against Federal Reserve notes 1,086,606

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,070,369

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,579,781

Less: Face value of securities under reverse repurchase agreements 76,429

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,503,353

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.