FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                                 June 7, 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    Jun 6, 2012
Federal Reserve Banks                                      Jun 6, 2012 May 30, 2012  Jun 8, 2011
 
Reserve Bank credit                                        2,830,942   -    3,708   +   46,647    2,834,732
  Securities held outright (1)                             2,606,392   -    4,295   +   24,739    2,609,303
    U.S. Treasury securities                               1,661,386   -    2,391   +  116,681    1,664,292
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                         1,565,609   -    2,477   +  109,610    1,568,495
      Notes and bonds, inflation-indexed (2)                  67,654            0   +    5,519       67,654
      Inflation compensation (3)                               9,700   +       85   +    1,553        9,720
    Federal agency debt securities (2)                        93,252            0   -   25,841       93,252
    Mortgage-backed securities (4)                           851,754   -    1,903   -   66,102      851,759
  Repurchase agreements (5)                                        0            0            0            0
  Loans                                                        5,469   -      193   -    8,017        5,471
    Primary credit                                                11   -        8   -       26           10
    Secondary credit                                               0            0            0            0
    Seasonal credit                                               35   +        4            0           39
    Term Asset-Backed Securities Loan Facility (6)             5,424   -      188   -    7,991        5,421
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Maiden Lane LLC (7)                3,879   +        7   -   20,661        3,883
  Net portfolio holdings of Maiden Lane II LLC (8)                19            0   -   12,511           19
  Net portfolio holdings of Maiden Lane III LLC (9)           15,263   +       96   -    9,138       15,297
  Net portfolio holdings of TALF LLC (10)                        841            0   +       95          841
  Float                                                         -776   -      123   +      429         -947
  Central bank liquidity swaps (11)                           22,282   +      114   +   22,282       22,268
  Other Federal Reserve assets (12)                          177,573   +      686   +   49,429      178,598
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (13)                            44,515   +       14   +      592       44,515

Total factors supplying reserve funds                      2,891,698   -    3,694   +   47,239    2,895,488
 
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    Jun 6, 2012
Federal Reserve Banks                                      Jun 6, 2012 May 30, 2012  Jun 8, 2011
 
Currency in circulation (13)                               1,109,333   +      783   +   85,162    1,110,066
Reverse repurchase agreements (14)                            92,629   +    2,309   +   30,841       88,861
  Foreign official and international accounts                 92,629   +    2,309   +   30,841       88,861
  Others                                                           0            0            0            0
Treasury cash holdings                                           146   +        4   +       13          142
Deposits with F.R. Banks, other than reserve balances         86,647   -   11,093   +   33,961       76,685
  Term deposits held by depository institutions                3,053            0   -    2,034        3,053
  U.S. Treasury, General Account                              60,763   -    7,041   +   22,575       54,040
  U.S. Treasury, Supplementary Financing Account                   0            0   -    5,000            0
  Foreign official                                               131   +        1   +        5          129
  Service-related                                              1,901   -        2   -      640        1,901
    Required clearing balances                                 1,901   -        2   -      640        1,901
    Adjustments to compensate for float                            0            0            0            0
  Other                                                       20,798   -    4,053   +   19,054       17,561
Other liabilities and capital (15)                            75,428   -       97   +      717       74,812

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,364,184   -    8,093   +  150,695    1,350,566

Reserve balances with Federal Reserve Banks                1,527,514   +    4,399   -  103,456    1,544,921
 
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    Jun 6, 2012
Memorandum item                                            Jun 6, 2012 May 30, 2012  Jun 8, 2011
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,517,617   +   11,665   +   74,496    3,517,403
  U.S. Treasury securities                                 2,799,144   +   14,030   +  100,309    2,798,026
  Federal agency securities (2)                              718,473   -    2,365   -   25,812      719,377
Securities lent to dealers                                    15,076   -    2,178   -    1,544       13,772
  Overnight facility (3)                                      15,076   -    2,178   -    1,544       13,772
    U.S. Treasury securities                                  14,447   -    2,274   -    1,264       13,243
    Federal agency debt securities                               629   +       96   -      280          529
 
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,       June 6, 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)                                     45        1,138        2,488        1,800            0           ...        5,471
U.S. Treasury securities (2)
  Holdings                                17,145       20,544       26,295      544,049      738,207       318,053    1,664,292
  Weekly changes                      +    1,139   +    2,416   -   10,312   -    1,855   +   14,357    +    1,873   +    7,617
Federal agency debt securities (3)
  Holdings                                 1,768        4,274       16,320       62,056        6,487         2,347       93,252
  Weekly changes                      +    1,768   -    1,768            0            0            0             0            0
Mortgage-backed securities (4)
  Holdings                                     0            0            2            7          105       851,644      851,759
  Weekly changes                               0            0            0            0   +        2    +        7   +        9
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)           6,750       15,517            0            0            0             0       22,268

Reverse repurchase agreements (6)         88,861            0          ...          ...          ...           ...       88,861
Term deposits                              3,053            0            0          ...          ...           ...        3,053
 
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                                                                                                            Jun 6, 2012 
 
Mortgage-backed securities held outright (1)                                                                             851,759

Commitments to buy mortgage-backed securities (2)                                                                         39,774
Commitments to sell mortgage-backed securities (2)                                                                             0

Cash and cash equivalents (3)                                                                                                 46
 
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                                                                                                            Jun 6, 2012 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                              3,883

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                    366
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         765
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,417
 
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
       March 31, 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                                                                                                            Jun 6, 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
       March 31, 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                                                                                                            Jun 6, 2012 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         15,297

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  2,768
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         736
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,620
 
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
       March 31, 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                                                                                                            Jun 6, 2012 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       841
Net portfolio holdings of TALF LLC                                                                                           841

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 $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    Jun 6, 2012   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      May 30, 2012  Jun 8, 2011
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,135    -        7   +       25
  Securities, repurchase agreements, and loans                           2,614,774    +    7,588   +    9,804
    Securities held outright (1)                                         2,609,303    +    7,627   +   17,695
      U.S. Treasury securities                                           1,664,292    +    7,617   +  109,632
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                     1,568,495    +    7,552   +  103,961
        Notes and bonds, inflation-indexed (2)                              67,654             0   +    4,284
        Inflation compensation (3)                                           9,720    +       65   +    1,386
      Federal agency debt securities (2)                                    93,252             0   -   25,841
      Mortgage-backed securities (4)                                       851,759    +        9   -   66,097
    Repurchase agreements (5)                                                    0             0            0
    Loans                                                                    5,471    -       38   -    7,891
  Net portfolio holdings of Maiden Lane LLC (6)                              3,883    +        5   -   20,710
  Net portfolio holdings of Maiden Lane II LLC (7)                              19             0   -   12,512
  Net portfolio holdings of Maiden Lane III LLC (8)                         15,297    +       40   -    9,192
  Net portfolio holdings of TALF LLC (9)                                       841             0   +       95
  Items in process of collection                             (65)              197    -       45   -       22
  Bank premises                                                              2,361    -        8   +      155
  Central bank liquidity swaps (10)                                         22,268    +      100   +   22,268
  Other assets (11)                                                        176,275    +    1,674   +   49,096

Total assets                                                 (65)        2,854,286    +    9,346   +   39,006
 
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    Jun 6, 2012   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      May 30, 2012  Jun 8, 2011
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                       1,067,825    -      325   +   84,732
  Reverse repurchase agreements (12)                                        88,861    -    4,665   +   29,094
  Deposits                                                    (0)        1,621,645    +   14,328   -   75,370
    Term deposits held by depository institutions                            3,053             0   -    2,034
    Other deposits held by depository institutions                       1,546,861    +   20,773   -  116,103
    U.S. Treasury, General Account                                          54,040    -   13,555   +   30,544
    U.S. Treasury, Supplementary Financing Account                               0             0   -    5,000
    Foreign official                                                           129    -        6   +        3
    Other                                                     (0)           17,561    +    7,115   +   17,218
  Deferred availability cash items                           (65)            1,144    -      190   -      460
  Other liabilities and accrued dividends (13)                              20,113    +      158   -      999

Total liabilities                                            (65)        2,799,587    +    9,304   +   36,996

Capital accounts
  Capital paid in                                                           27,350    +       21   +    1,006
  Surplus                                                                   27,350    +       21   +    1,006
  Other capital accounts                                                         0             0            0

Total capital                                                               54,699    +       42   +    2,010
 
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,       June 6, 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                                           2,135          43          98         150         147         384         196         312          33          55         161         202         355
  Securities, repurchase agreements,
     and loans                               2,614,774      63,378   1,468,343      86,258      66,340     185,708     157,324     144,758      40,797      23,749      52,425     101,387     224,307
    Securities held outright (1)             2,609,303      63,375   1,462,917      86,258      66,340     185,708     157,323     144,753      40,794      23,721      52,422     101,385     224,307
      U.S. Treasury securities               1,664,292      40,423     933,093      55,018      42,314     118,450     100,345      92,328      26,020      15,130      33,436      64,666     143,070
        Bills (2)                               18,423         447      10,329         609         468       1,311       1,111       1,022         288         167         370         716       1,584
        Notes and bonds (3)                  1,645,870      39,975     922,764      54,409      41,845     117,139      99,235      91,306      25,732      14,962      33,066      63,951     141,486
      Federal agency debt securities (2)        93,252       2,265      52,282       3,083       2,371       6,637       5,622       5,173       1,458         848       1,873       3,623       8,016
      Mortgage-backed securities (4)           851,759      20,688     477,542      28,157      21,655      60,621      51,355      47,252      13,316       7,743      17,112      33,095      73,221
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Loans                                        5,471           3       5,425           0           0           0           1           5           3          28           3           3           0
  Net portfolio holdings of Maiden
     Lane LLC (6)                                3,883           0       3,883           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)                           15,297           0      15,297           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (9)           841           0         841           0           0           0           0           0           0           0           0           0           0
  Items in process of collection                   262           5         -96          56          27           4          56         106           7           7           7           8          75
  Bank premises                                  2,361         121         460          66         123         229         213         203         132         105         256         241         211
  Central bank liquidity swaps (10)             22,268         781       7,183       1,931       1,646       4,606       1,273         594         182          91         221         357       3,402
  Other assets (11)                            176,275       4,576      92,382       7,303       5,711      16,115      10,592       9,042       2,596       1,529       3,302       6,300      16,827
  Interdistrict settlement account                   0   +   9,258   -  46,288   -  15,596   +     882   +  23,917   +   7,197   -   2,356   +   3,070   +   1,180   +     456   +   1,729   +  16,551

Total assets                                 2,854,351      78,766   1,547,762      80,816      75,628     232,264     178,842     153,921      47,280      26,997      57,297     111,232     263,545
 
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,       June 6, 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          1,248,534      46,858     433,883      47,798      61,410     101,688     153,136      94,872      37,049      22,337      37,229      77,654     134,619
    Less: Notes held by F.R. Banks             180,709       4,838      66,333       5,267       7,556      11,577      26,113      12,453       4,167       3,753       3,625      11,331      23,696
      Federal Reserve notes, net             1,067,825      42,020     367,550      42,531      53,854      90,112     127,023      82,418      32,882      18,585      33,604      66,323     110,923
  Reverse repurchase agreements (12)            88,861       2,158      49,820       2,938       2,259       6,324       5,358       4,930       1,389         808       1,785       3,453       7,639
  Deposits                                   1,621,645      31,646   1,097,261      30,443      14,902     124,054      42,663      64,447      12,270       6,984      21,122      40,152     135,702
    Term deposits held by depository
       institutions                              3,053          10       2,255         600           0          95           5           8           0          70           5           5           0
    Other deposits held by depository
       institutions                          1,546,861      31,632   1,023,469      29,833      14,899     123,827      42,654      64,413      12,269       6,914      21,115      40,145     135,691
    U.S. Treasury, General Account              54,040           0      54,040           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                               129           1         102           3           3           8           2           1           0           0           0           1           6
    Other                                       17,561           3      17,394           7           0         124           1          25           0           0           1           1           6
  Deferred availability cash items               1,209          43           0         114          49          28         155          27         100         243          42          81         326
  Interest on Federal Reserve notes due
     to U.S. Treasury (13)                       1,678          34         974          56          43         127          93          90          22          13          30          52         143
  Other liabilities and accrued
     dividends (14)                             18,435         222      14,741         296         279         700         459         402         170         137         170         287         572

Total liabilities                            2,799,652      76,122   1,530,346      76,378      71,387     221,346     175,751     152,315      46,834      26,770      56,753     110,347     255,305

Capital
  Capital paid in                               27,350       1,322       8,708       2,219       2,121       5,459       1,546         803         223         114         272         442       4,120
  Surplus                                       27,350       1,322       8,708       2,219       2,121       5,459       1,546         803         223         114         272         442       4,120
  Other capital                                      0           0           0           0           0           0           0           0           0           0           0           0           0

Total liabilities and capital                2,854,351      78,766   1,547,762      80,816      75,628     232,264     178,842     153,921      47,280      26,997      57,297     111,232     263,545
 
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,       June 6, 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                                                        Jun 6, 2012 
 
Federal Reserve notes outstanding                                                          1,248,534
  Less: Notes held by F.R. Banks not subject to collateralization                            180,709
    Federal Reserve notes to be collateralized                                             1,067,825
Collateral held against Federal Reserve notes                                              1,067,825
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                 1,051,588
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,609,303
  Less: Face value of securities under reverse repurchase agreements                          75,932
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,533,371
 
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.