FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks August 9, 2012

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

 Aug 8, 2012 Week ended

 Aug 8, 2012

Change from week ended

 Aug 1, 2012 Aug 10, 2011

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,834,809 + 1,450 - 19,909 2,838,891

Securities held outright1 2,593,989 + 175 - 59,631 2,596,938

U.S. Treasury securities 1,649,469 + 107 + 5,569 1,652,416

Bills2 0 0 - 18,423 0

Notes and bonds, nominal2 1,570,529 + 133 + 20,059 1,573,484

Notes and bonds, inflation-indexed2 69,086 0 + 3,443 69,086

Inflation compensation3 9,855 - 25 + 490 9,846

Federal agency debt securities2 91,029 0 - 21,406 91,029

Mortgage-backed securities4 853,490 + 67 - 43,795 853,493

Repurchase agreements5 261 + 261 + 261 600

Loans 3,644 - 57 - 8,275 3,631

Primary credit 2 - 30 - 4 1

Secondary credit 0 - 1 0 0

Seasonal credit 133 + 12 + 42 139

Term Asset-Backed Securities Loan Facility6 3,509 - 38 - 8,312 3,492

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 2,085 + 3 - 18,735 2,085

Net portfolio holdings of Maiden Lane II LLC8 61 0 - 10,002 61

Net portfolio holdings of Maiden Lane III LLC9 7,382 + 164 - 14,145 7,411

Net portfolio holdings of TALF LLC10 848 0 + 81 848

Float -707 - 37 + 428 -838

Central bank liquidity swaps11 30,022 - 1,000 + 30,022 30,022

Other Federal Reserve assets12 197,225 + 1,943 + 60,087 198,132

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding13 44,606 + 14 + 600 44,606

Total factors supplying reserve funds 2,895,657 + 1,465 - 19,308 2,899,739

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

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

Millions of dollars

Averages of daily figures Wednesday

 Aug 8, 2012 Week ended

 Aug 8, 2012

Change from week ended

 Aug 1, 2012 Aug 10, 2011

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation13 1,115,296 + 3,263 + 81,832 1,116,875

Reverse repurchase agreements14 93,098 + 3,217 + 18,519 91,505

Foreign official and international accounts 93,098 + 3,217 + 18,519 91,505

Others 0 0 0 0

Treasury cash holdings 124 + 3 - 3 128

Deposits with F.R. Banks, other than reserve balances 65,010 + 3,915 - 22,608 63,196

Term deposits held by depository institutions 3,040 0 - 2,048 3,040

U.S. Treasury, General Account 35,622 - 6,480 + 12,197 26,113

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

Foreign official 4,476 + 1,118 + 3,992 5,084

Service-related 0 0 - 2,490 0

Required clearing balances 0 0 - 2,490 0

Adjustments to compensate for float 0 0 0 0

Other 21,871 + 9,277 - 34,259 28,960

Other liabilities and capital15 68,930 - 314 - 839 67,814

Total factors, other than reserve balances,

absorbing reserve funds 1,342,458 + 10,085 + 76,902 1,339,518

Reserve balances with Federal Reserve Banks 1,553,199 - 8,620 - 96,210 1,560,221

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

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

2. Face value of the securities.

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

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

the underlying mortgages.

5. Cash value of agreements.

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

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

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

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

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

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

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

foreign central bank.

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

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

13.Estimated.

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

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

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

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

and table 9.

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

1A. Memorandum Items

Millions of dollars

Averages of daily figures Wednesday

 Aug 8, 2012 Week ended

 Aug 8, 2012

Change from week ended

 Aug 1, 2012 Aug 10, 2011

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,536,100 + 9,392 + 66,065 3,537,379

U.S. Treasury securities 2,844,927 + 9,564 + 109,796 2,845,472

Federal agency securities2 691,173 - 172 - 43,731 691,907

Securities lent to dealers 10,902 + 1,495 - 8,107 10,813

Overnight facility3 10,902 + 1,495 - 8,107 10,813

U.S. Treasury securities 10,244 + 1,564 - 7,772 10,254

Federal agency debt securities 658 - 68 - 334 559

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

1. Face value of the securities. Includes U.S. Treasury STRIPS and other zero-coupon bonds at face value and mortgage-backed securities at original

face value.

2. Includes debt and mortgage-backed securities.

3. Fully collateralized by U.S. Treasury securities.

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, August 8, 2012

Millions of dollars

Within 15

days

16 days to

90 days

91 days to

1 year

Over 1 year

to 5 years

Over 5 years

to 10 years

Over 10

years

Remaining maturity All

Loans1 37 872 1,227 1,495 0 ... 3,631

U.S. Treasury securities2

Holdings 8,206 4,383 5,942 502,090 779,572 352,222 1,652,416

Weekly changes 0 + 1 - 7,800 - 3 + 9,110 + 1,813 + 3,122

Federal agency debt securities3

Holdings 3,819 5,308 15,381 58,424 5,750 2,347 91,029

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

Mortgage-backed securities4

Holdings 0 0 3 5 209 853,277 853,493

Weekly changes 0 0 0 0 + 3 + 12 + 15

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

Repurchase agreements6 600 0 ... ... ... ... 600

Central bank liquidity swaps7 17,285 12,737 0 0 0 0 30,022

Reverse repurchase agreements6 91,505 0 ... ... ... ... 91,505

Term deposits 3,040 0 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.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Wednesday

 Aug 8, 2012 Account name

Mortgage-backed securities held outright1 853,493

Commitments to buy mortgage-backed securities2 45,232

Commitments to sell mortgage-backed securities2 950

Cash and cash equivalents3 16

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

underlying mortgages.

2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls, and coupon swaps.

3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8 and table 9.

4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Wednesday

 Aug 8, 2012 Account name

Net portfolio holdings of Maiden Lane LLC1 2,085

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

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

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 706

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

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

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

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

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

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

table 8 and table 9.

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

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

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

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

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

FRBNY.

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Wednesday

 Aug 8, 2012 Account name

Net portfolio holdings of Maiden Lane II LLC1 61

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

FRBNY and AIG subsidiaries.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday

 Aug 8, 2012 Account name

Net portfolio holdings of Maiden Lane III LLC1 7,411

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

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

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

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

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

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

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

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

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

table 8 and table 9.

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

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

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

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

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

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

AIG.

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Wednesday

 Aug 8, 2012 Account name

Asset-backed securities holdings1 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 York2 0

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

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

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

market on the measurement date.

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

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

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

and table 9.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Eliminations from

consolidation

Wednesday

 Aug 8, 2012

Change since

Wednesday

 Aug 1, 2012

Wednesday

Aug 10, 2011

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,131 + 11 - 58

Securities, repurchase agreements, and loans 2,601,169 + 3,715 - 65,206

Securities held outright1 2,596,938 + 3,137 - 57,524

U.S. Treasury securities 1,652,416 + 3,122 + 7,673

Bills2 0 0 - 18,423

Notes and bonds, nominal2 1,573,484 + 3,148 + 22,541

Notes and bonds, inflation-indexed2 69,086 0 + 3,138

Inflation compensation3 9,846 - 26 + 417

Federal agency debt securities2 91,029 0 - 21,406

Mortgage-backed securities4 853,493 + 15 - 43,792

Repurchase agreements5 600 + 600 + 600

Loans 3,631 - 22 - 8,282

Net portfolio holdings of Maiden Lane LLC6 2,085 0 - 18,737

Net portfolio holdings of Maiden Lane II LLC7 61 0 - 10,003

Net portfolio holdings of Maiden Lane III LLC8 7,411 + 34 - 14,211

Net portfolio holdings of TALF LLC9 848 0 + 81

Items in process of collection (56) 58 - 224 - 94

Bank premises 2,353 + 1 + 155

Central bank liquidity swaps10 30,022 - 1,000 + 30,022

Other assets11 195,780 + 2,521 + 59,970

Total assets (56) 2,858,156 + 5,059 - 18,080

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

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

Millions of dollars

Eliminations from

consolidation

Wednesday

 Aug 8, 2012

Change since

Wednesday

 Aug 1, 2012

Wednesday

Aug 10, 2011

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,074,524 + 1,933 + 81,733

Reverse repurchase agreements12 91,505 + 1,699 - 5,302

Deposits (0) 1,623,417 + 1,787 - 91,775

Term deposits held by depository institutions 3,040 0 - 2,048

Other deposits held by depository institutions 1,560,221 + 19,222 - 67,839

U.S. Treasury, General Account 26,113 - 26,570 + 11,514

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

Foreign official 5,084 + 851 + 2,459

Other (0) 28,960 + 8,285 - 35,860

Deferred availability cash items (56) 896 + 12 - 547

Other liabilities and accrued dividends13 13,123 - 376 - 5,114

Total liabilities (56) 2,803,464 + 5,054 - 21,006

Capital accounts

Capital paid in 27,346 + 2 + 1,463

Surplus 27,346 + 2 + 1,463

Other capital accounts 0 0 0

Total capital 54,691 + 3 + 2,925

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

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

2. Face value of the securities.

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

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

underlying mortgages.

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

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

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

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

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

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

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

central bank.

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

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

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

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

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

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

9. Statement of Condition of Each Federal Reserve Bank, August 8, 2012Millions of dollars

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

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 408 3,824 437 515 890 1,337 839 313 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 Coin 2,131 41 85 143 149 382 203 315 35 Securities, repurchase agreements,

and loans 2,601,169 63,089 1,459,813 85,869 66,041 184,870 156,618 144,109 40,645 

Securities held outright1 2,596,938 63,075 1,455,985 85,849 66,025 184,828 156,577 144,067 40,601 

U.S. Treasury securities 1,652,416 40,134 926,434 54,625 42,012 117,605 99,629 91,669 25,834 

Bills2 0 0 0 0 0 0 0 0 0 Notes and bonds3 1,652,416 40,134 926,434 54,625 42,012 117,605 99,629 91,669 25,834 

Federal agency debt securities2 91,029 2,211 51,036 3,009 2,314 6,479 5,488 5,050 1,423 

Mortgage-backed securities4 853,493 20,730 478,515 28,215 21,700 60,744 51,460 47,348 13,344 

Repurchase agreements5 600 15 336 20 15 43 36 33 9 Loans 3,631 0 3,492 0 0 0 5 9 35 

Net portfolio holdings of Maiden

Lane LLC6 2,085 0 2,085 0 0 0 0 0 0 

Net portfolio holdings of Maiden

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

Net portfolio holdings of Maiden

Lane III LLC8 7,411 0 7,411 0 0 0 0 0 0 

Net portfolio holdings of TALF LLC9 848 0 848 0 0 0 0 0 0 

Items in process of collection 114 2 0 46 37 6 -46 11 5 Bank premises 2,353 120 457 67 123 229 212 202 131 Central bank liquidity swaps10 30,022 1,052 9,684 2,604 2,220 6,210 1,717 801 246 Other assets11 195,780 5,056 103,362 7,838 6,209 17,505 11,771 10,127 2,920 Interdistrict settlement account 0 + 6,707 - 29,238 - 12,813 - 1,516 - 10,880 + 24,965 + 637 + 2,814 + 

Total assets 2,858,211 76,672 1,560,211 84,400 74,014 199,625 197,431 157,466 47,258 

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

9. Statement of Condition of Each Federal Reserve Bank, August 8, 2012 (continued)Millions of dollars

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

Assets, liabilities, and capital

Liabilities

Federal Reserve notes outstanding 1,279,094 46,141 444,417 47,147 61,797 102,312 173,079 94,264 37,533 

Less: Notes held by F.R. Banks 204,570 4,972 79,458 5,574 8,496 12,528 27,583 13,164 4,282 

Federal Reserve notes, net 1,074,524 41,169 364,959 41,573 53,300 89,784 145,496 81,100 33,251 

Reverse repurchase agreements12 91,505 2,222 51,303 3,025 2,326 6,513 5,517 5,076 1,431 

Deposits 1,623,417 30,361 1,117,267 35,077 13,815 91,661 42,643 69,200 11,919 

Term deposits held by depository

institutions 3,040 5 1,904 623 0 115 8 5 0 

Other deposits held by depository

institutions 1,560,221 30,345 1,055,447 34,440 13,812 91,380 42,628 69,169 11,918 

U.S. Treasury, General Account 26,113 0 26,113 0 0 0 0 0 0 U.S. Treasury, Supplementary

Financing Account 0 0 0 0 0 0 0 0 0 

Foreign official 5,084 1 5,057 3 3 8 2 1 0 Other 28,960 10 28,747 10 0 158 4 25 0 

Deferred availability cash items 952 34 0 102 60 23 170 24 29 Interest on Federal Reserve notes due

to U.S. Treasury13 1,439 30 811 52 39 104 85 84 18 

Other liabilities and accrued

dividends14 11,684 195 8,417 245 230 592 417 375 164 

Total liabilities 2,803,520 74,012 1,542,757 80,073 69,772 188,677 194,328 155,860 46,810 Capital

Capital paid in 27,346 1,330 8,727 2,164 2,121 5,474 1,551 803 224 Surplus 27,346 1,330 8,727 2,164 2,121 5,474 1,551 803 224 Other capital 0 0 0 0 0 0 0 0 0 

Total liabilities and capital 2,858,211 76,672 1,560,211 84,400 74,014 199,625 197,431 157,466 47,258 

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

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

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

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

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

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

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

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

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

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

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

Millions of dollars

Wednesday

 Aug 8, 2012 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,279,094

Less: Notes held by F.R. Banks not subject to collateralization 204,570

Federal Reserve notes to be collateralized 1,074,524

Collateral held against Federal Reserve notes 1,074,524

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,058,287

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,597,538

Less: Face value of securities under reverse repurchase agreements 78,049

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,519,489

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.