For release at
4:30 P.M. EDT
July 26, 2012

The weekly average values, shown in table 1, reflect the June 30, 2012, quarterly updates to the fair
values of the net portfolio holdings of Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane
III LLC, and the fair value adjustment of the Term Asset-Backed Securities Loan Facility, or TALF,
which is included in "Other Federal Reserve assets."  The amounts for the first six days of this
reporting week are based on the values as of March 31, 2012, and the amounts for the last day of the
reporting week are based on the values as of June 30, 2012.


FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                                July 26, 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   Jul 25, 2012
Federal Reserve Banks                                     Jul 25, 2012 Jul 18, 2012 Jul 27, 2011
 
Reserve Bank credit                                        2,844,275   -   12,952   -    8,594    2,833,057
  Securities held outright (1)                             2,607,161   -    5,436   -   42,834    2,595,823
    U.S. Treasury securities                               1,650,748   -    3,647   +   15,787    1,651,432
      Bills (2)                                                5,938   -    2,418   -   12,485        5,938
      Notes and bonds, nominal (2)                         1,565,823   -    1,098   +   24,087    1,566,515
      Notes and bonds, inflation-indexed (2)                  69,086   -       86   +    3,565       69,086
      Inflation compensation (3)                               9,901   -       45   +      619        9,894
    Federal agency debt securities (2)                        91,029   -      260   -   22,778       91,029
    Mortgage-backed securities (4)                           865,384   -    1,529   -   35,842      853,362
  Repurchase agreements (5)                                        0            0            0            0
  Loans                                                        3,830   -      794   -    8,279        3,693
    Primary credit                                                17   -       48   +       15            2
    Secondary credit                                               0            0            0            0
    Seasonal credit                                              110   +       16   +       23          121
    Term Asset-Backed Securities Loan Facility (6)             3,704   -      761   -    8,316        3,570
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Maiden Lane LLC (7)                2,035   -      331   -   18,719        2,081
  Net portfolio holdings of Maiden Lane II LLC (8)                24   +        6   -   11,261           61
  Net portfolio holdings of Maiden Lane III LLC (9)            6,305   -    5,460   -   16,918        7,155
  Net portfolio holdings of TALF LLC (10)                        848   +        3   +       81          848
  Float                                                         -598   +       51   +      423         -651
  Central bank liquidity swaps (11)                           27,232   -    3,320   +   27,232       27,232
  Other Federal Reserve assets (12)                          197,437   +    2,329   +   61,679      196,814
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (13)                            44,595   +       14   +      608       44,595

Total factors supplying reserve funds                      2,905,111   -   12,938   -    7,986    2,893,893
 
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   Jul 25, 2012
Federal Reserve Banks                                     Jul 25, 2012 Jul 18, 2012 Jul 27, 2011
 
Currency in circulation (13)                               1,110,964   -    2,144   +   82,481    1,112,081
Reverse repurchase agreements (14)                            84,906   -    6,009   +   19,526       87,501
  Foreign official and international accounts                 84,906   -    6,009   +   19,526       87,501
  Others                                                           0            0            0            0
Treasury cash holdings                                           118   +        2   -       13          121
Deposits with F.R. Banks, other than reserve balances         84,698   -   14,099   -    9,290       54,277
  Term deposits held by depository institutions                3,040   +    3,040   +    3,040        3,040
  U.S. Treasury, General Account                              45,537   -   17,484   -   31,482       38,258
  U.S. Treasury, Supplementary Financing Account                   0            0   -    5,000            0
  Foreign official                                             2,564   -        4   +    2,422        2,565
  Service-related                                                  0            0   -    2,529            0
    Required clearing balances                                     0            0   -    2,529            0
    Adjustments to compensate for float                            0            0            0            0
  Other                                                       33,557   +      350   +   24,259       10,414
Other liabilities and capital (15)                            69,522   -    5,681   -    2,792       68,643

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,350,208   -   27,932   +   89,912    1,322,624

Reserve balances with Federal Reserve Banks                1,554,902   +   14,993   -   97,898    1,571,269
 
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   Jul 25, 2012
Memorandum item                                           Jul 25, 2012 Jul 18, 2012 Jul 27, 2011
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,518,702   +    3,334   +   65,593    3,524,086
  U.S. Treasury securities                                 2,826,943   +    5,026   +  106,640    2,830,901
  Federal agency securities (2)                              691,760   -    1,691   -   41,045      693,186
Securities lent to dealers                                     8,685   -    2,773   -    7,637        9,434
  Overnight facility (3)                                       8,685   -    2,773   -    7,637        9,434
    U.S. Treasury securities                                   7,876   -    2,844   -    7,904        8,614
    Federal agency debt securities                               809   +       71   +      267          820
 
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,      July 25, 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)                                     97          798        1,293        1,506            0           ...        3,693
U.S. Treasury securities (2)
  Holdings                                 7,577       12,588       12,604      504,475      767,379       346,808    1,651,432
  Weekly changes                      -    2,418            0            0   -    7,933   +    9,487    +    3,601   +    2,738
Federal agency debt securities (3)
  Holdings                                     0        8,283       16,225       58,424        5,750         2,347       91,029
  Weekly changes                               0            0            0            0            0             0            0
Mortgage-backed securities (4)
  Holdings                                     0            0            2            5          194       853,161      853,362
  Weekly changes                               0            0            0   -        1   +       35    -    9,688   -    9,653
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)           4,227       23,005            0            0            0             0       27,232

Reverse repurchase agreements (6)         87,501            0          ...          ...          ...           ...       87,501
Term deposits                                  0        3,040            0          ...          ...           ...        3,040
 
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                                                                                                           Jul 25, 2012 
 
Mortgage-backed securities held outright (1)                                                                             853,362

Commitments to buy mortgage-backed securities (2)                                                                         31,413
Commitments to sell mortgage-backed securities (2)                                                                             0

Cash and cash equivalents (3)                                                                                                 96
 
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                                                                                                           Jul 25, 2012 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                              2,081

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                      0
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                           0
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                705
 
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   
Account name                                                                                                           Jul 25, 2012 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                              61

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
        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.

 
6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Jul 25, 2012 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                          7,155

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                      0
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                           0
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                    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   
Account name                                                                                                           Jul 25, 2012 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       848
Net portfolio holdings of TALF LLC                                                                                           848

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                      0
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                           0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3)                                        111
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF)
under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New
York (FRBNY) extends loans with a term of up to five years to holders of eligible asset-backed securities. The TALF is intended to
assist financial markets in accommodating the credit needs of consumers and businesses by facilitating the issuance of asset-backed
securities collateralized by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are
non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The loans
are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial
risk of a decline in the value of the security.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in
connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed
securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest.
Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF
LLC, by the interest received on investments of TALF LLC, by up to $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.

 
8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation   Jul 25, 2012   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Jul 18, 2012 Jul 27, 2011
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,110    +        7   -       88
  Securities, repurchase agreements, and loans                           2,599,516    -    7,790   -   60,332
    Securities held outright (1)                                         2,595,823    -    6,915   -   52,058
      U.S. Treasury securities                                           1,651,432    +    2,738   +   13,271
        Bills (2)                                                            5,938    -    2,418   -   12,485
        Notes and bonds, nominal (2)                                     1,566,515    +    5,177   +   21,609
        Notes and bonds, inflation-indexed (2)                              69,086             0   +    3,565
        Inflation compensation (3)                                           9,894    -       20   +      583
      Federal agency debt securities (2)                                    91,029             0   -   21,406
      Mortgage-backed securities (4)                                       853,362    -    9,653   -   43,923
    Repurchase agreements (5)                                                    0             0            0
    Loans                                                                    3,693    -      875   -    8,275
  Net portfolio holdings of Maiden Lane LLC (6)                              2,081    +       53   -   18,734
  Net portfolio holdings of Maiden Lane II LLC (7)                              61    +       43   -   10,164
  Net portfolio holdings of Maiden Lane III LLC (8)                          7,155    +      991   -   14,302
  Net portfolio holdings of TALF LLC (9)                                       848    +        3   +       81
  Items in process of collection                             (49)              147    -        2   -       11
  Bank premises                                                              2,360    +        1   +      158
  Central bank liquidity swaps (10)                                         27,232    -    3,320   +   27,232
  Other assets (11)                                                        191,052    +      938   +   57,543

Total assets                                                 (49)        2,848,800    -    9,074   -   18,616
 
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   Jul 25, 2012   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Jul 18, 2012 Jul 27, 2011
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                       1,069,713    -      505   +   80,694
  Reverse repurchase agreements (12)                                        87,501    -      493   +   20,497
  Deposits                                                    (0)        1,622,144    -    8,439   -  119,216
    Term deposits held by depository institutions                            3,040    +    3,040   +    3,040
    Other deposits held by depository institutions                       1,567,867    +   30,580   -   90,452
    U.S. Treasury, General Account                                          38,258    -   20,412   -   28,499
    U.S. Treasury, Supplementary Financing Account                               0             0   -    5,000
    Foreign official                                                         2,565    -       11   +    2,440
    Other                                                     (0)           10,414    -   21,636   -      744
  Deferred availability cash items                           (49)              798    -      130   -      615
  Other liabilities and accrued dividends (13)                              13,965    +      491   -    2,982

Total liabilities                                            (49)        2,794,121    -    9,077   -   21,622

Capital accounts
  Capital paid in                                                           27,339    +        1   +    1,503
  Surplus                                                                   27,339    +        1   +    1,503
  Other capital accounts                                                         0             0            0

Total capital                                                               54,678    +        2   +    3,006
 
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,      July 25, 2012
Millions of dollars
                                               Total      Boston     New York   Philadelphia Cleveland   Richmond     Atlanta     Chicago    St. Louis  Minneapolis   Kansas      Dallas        San    
Assets, liabilities, and capital                                                                                                                                       City                  Francisco 
 
Assets
  Gold certificate account                      11,037         408       3,824         437         515         890       1,337         839         313         192         315         725       1,242
  Special drawing rights certificate acct.       5,200         196       1,818         210         237         412         654         424         150          90         153         282         574
  Coin                                           2,110          39          84         143         147         380         202         312          33          52         163         202         351
  Securities, repurchase agreements,
     and loans                               2,599,516      63,049   1,458,930      85,812      65,997     184,748     156,516     144,017      40,616      23,651      52,161     100,870     223,149
    Securities held outright (1)             2,595,823      63,048   1,455,360      85,812      65,997     184,748     156,510     144,005      40,583      23,598      52,151     100,861     223,149
      U.S. Treasury securities               1,651,432      40,110     925,883      54,593      41,987     117,535      99,570      91,614      25,819      15,013      33,178      64,167     141,964
        Bills (2)                                5,938         144       3,329         196         151         423         358         329          93          54         119         231         510
        Notes and bonds (3)                  1,645,494      39,966     922,553      54,396      41,836     117,112      99,212      91,285      25,726      14,959      33,059      63,936     141,454
      Federal agency debt securities (2)        91,029       2,211      51,036       3,009       2,314       6,479       5,488       5,050       1,423         828       1,829       3,537       7,825
      Mortgage-backed securities (4)           853,362      20,727     478,441      28,210      21,696      60,735      51,452      47,341      13,342       7,758      17,144      33,158      73,359
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Loans                                        3,693           1       3,570           0           0           0           6          12          33          53          10           9           0
  Net portfolio holdings of Maiden
     Lane LLC (6)                                2,081           0       2,081           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (7)                                61           0          61           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (8)                            7,155           0       7,155           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (9)           848           0         848           0           0           0           0           0           0           0           0           0           0
  Items in process of collection                   196           2           0          64          25           3          35          10           6           6           3           7          35
  Bank premises                                  2,360         122         459          67         123         230         212         203         132         104         255         242         211
  Central bank liquidity swaps (10)             27,232         955       8,784       2,362       2,013       5,633       1,557         727         223         111         271         436       4,160
  Other assets (11)                            191,052       4,939     100,754       7,669       6,077      17,140      11,475       9,865       2,841       1,666       3,605       6,938      18,082
  Interdistrict settlement account                   0   +   8,704   -   4,828   -  18,589   -   1,279   -  14,011   +  17,749   +   2,235   +   2,251   +   1,330   -     618   +      97   +   6,958

Total assets                                 2,848,848      78,413   1,579,970      78,174      73,856     195,426     189,738     158,633      46,564      27,203      56,308     109,800     254,763
 
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,      July 25, 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          1,271,814      46,186     442,029      47,126      61,708     102,243     170,288      93,927      37,600      22,572      36,749      77,055     134,330
    Less: Notes held by F.R. Banks             202,101       5,032      77,706       5,397       8,546      12,776      28,330      13,003       4,311       3,423       3,677      14,761      25,139
      Federal Reserve notes, net             1,069,713      41,155     364,324      41,729      53,162      89,467     141,958      80,924      33,289      19,149      33,072      62,294     109,190
  Reverse repurchase agreements (12)            87,501       2,125      49,058       2,893       2,225       6,228       5,276       4,854       1,368         795       1,758       3,400       7,522
  Deposits                                   1,622,144      32,215   1,139,062      28,851      13,923      88,105      38,789      70,764      11,207       6,724      20,712      42,813     128,978
    Term deposits held by depository
       institutions                              3,040           5       1,904         623           0         115           8           5           0          50         325           5           0
    Other deposits held by depository
       institutions                          1,567,867      32,198   1,086,054      28,223      13,920      87,923      38,774      70,733      11,207       6,674      20,386      42,805     128,970
    U.S. Treasury, General Account              38,258           0      38,258           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                             2,565           1       2,538           3           3           8           2           1           0           0           0           1           6
    Other                                       10,414          11      10,308           1           0          59           4          25           0           0           1           3           1
  Deferred availability cash items                 847          30           0          87          42          17         105          21          66         150          26          68         235
  Interest on Federal Reserve notes due
     to U.S. Treasury (13)                       2,117          33       1,524          42          32          86          85          80          22          19          28          55         111
  Other liabilities and accrued
     dividends (14)                             11,848         195       8,549         246         230         587         424         384         166         136         165         279         487

Total liabilities                            2,794,170      75,753   1,562,517      73,847      69,614     184,490     186,637     157,027      46,118      26,974      55,761     108,909     246,523

Capital
  Capital paid in                               27,339       1,330       8,727       2,164       2,121       5,468       1,551         803         223         114         274         445       4,120
  Surplus                                       27,339       1,330       8,727       2,164       2,121       5,468       1,551         803         223         114         274         445       4,120
  Other capital                                      0           0           0           0           0           0           0           0           0           0           0           0           0

Total liabilities and capital                2,848,848      78,413   1,579,970      78,174      73,856     195,426     189,738     158,633      46,564      27,203      56,308     109,800     254,763
 
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,      July 25, 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                                                       Jul 25, 2012 
 
Federal Reserve notes outstanding                                                          1,271,814
  Less: Notes held by F.R. Banks not subject to collateralization                            202,101
    Federal Reserve notes to be collateralized                                             1,069,713
Collateral held against Federal Reserve notes                                              1,069,713
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                 1,053,476
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,595,823
  Less: Face value of securities under reverse repurchase agreements                          74,060
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,521,763
 
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.