FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks March 1, 2012

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

Feb 29, 2012 Week ended

Feb 29, 2012

Change from week ended

Feb 22, 2012 Mar 2, 2011

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,908,201 - 9,234 + 389,534 2,908,375

Securities held outright1 2,602,642 - 10,138 + 284,024 2,603,213

U.S. Treasury securities 1,653,961 - 6,213 + 428,973 1,661,601

Bills2 18,423 0 0 18,423

Notes and bonds, nominal2 1,557,676 - 6,188 + 411,601 1,565,224

Notes and bonds, inflation-indexed2 68,779 + 19 + 14,705 68,888

Inflation compensation3 9,083 - 44 + 2,668 9,066

Federal agency debt securities2 100,817 0 - 42,556 100,817

Mortgage-backed securities4 847,865 - 3,924 - 102,391 840,795

Repurchase agreements5 0 0 0 0

Loans 7,588 - 358 - 12,946 7,580

Primary credit 19 + 15 + 1 15

Secondary credit 0 0 0 0

Seasonal credit 0 0 - 5 0

Term Asset-Backed Securities Loan Facility6 7,569 - 374 - 12,942 7,564

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 6,495 + 16 - 19,550 6,439

Net portfolio holdings of Maiden Lane II LLC8 6,799 + 85 - 9,237 7,301

Net portfolio holdings of Maiden Lane III LLC9 17,604 + 9 - 5,220 17,611

Net portfolio holdings of TALF LLC10 825 + 5 + 122 825

Float -846 + 62 + 724 -909

Central bank liquidity swaps11 107,778 - 181 + 107,708 107,763

Other Federal Reserve assets12 159,317 + 1,267 + 43,909 158,552

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding13 44,310 + 14 + 572 44,310

Total factors supplying reserve funds 2,968,751 - 9,220 + 390,105 2,968,926

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

Feb 29, 2012 Week ended

Feb 29, 2012

Change from week ended

Feb 22, 2012 Mar 2, 2011

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation13 1,089,200 + 245 + 92,086 1,091,646

Reverse repurchase agreements14 89,804 + 911 + 29,179 87,553

Foreign official and international accounts 89,804 + 911 + 29,179 87,553

Others 0 0 0 0

Treasury cash holdings 160 + 3 - 26 161

Deposits with F.R. Banks, other than reserve balances 106,075 + 3,091 - 49,019 109,326

Term deposits held by depository institutions 0 0 - 5,070 0

U.S. Treasury, General Account 39,475 - 16,320 - 7,583 62,542

U.S. Treasury, Supplementary Financing Account 0 0 - 99,980 0

Foreign official 181 + 43 + 3 127

Service-related 1,955 - 16 - 365 1,955

Required clearing balances 1,955 - 16 - 365 1,955

Adjustments to compensate for float 0 0 0 0

Other 64,465 + 19,384 + 63,978 44,702

Other liabilities and capital15 75,494 + 255 + 2,252 75,070

Total factors, other than reserve balances,

absorbing reserve funds 1,360,733 + 4,504 + 74,472 1,363,756

Reserve balances with Federal Reserve Banks 1,608,018 - 13,724 + 315,633 1,605,170

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

Feb 29, 2012 Week ended

Feb 29, 2012

Change from week ended

Feb 22, 2012 Mar 2, 2011

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,459,526 - 2,299 + 75,076 3,460,018

U.S. Treasury securities 2,721,132 - 6,660 + 97,506 2,719,219

Federal agency securities2 738,394 + 4,361 - 22,430 740,799

Securities lent to dealers 18,473 - 894 + 4,338 19,263

Overnight facility3 18,473 - 894 + 4,338 19,263

U.S. Treasury securities 17,398 - 983 + 4,545 17,884

Federal agency debt securities 1,075 + 89 - 207 1,379

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, February 29, 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 15 235 4,726 2,604 0 ... 7,580

U.S. Treasury securities2

Holdings 16,720 28,228 64,782 600,747 687,885 263,238 1,661,601

Weekly changes + 546 - 2,080 + 5,854 - 2,527 - 641 + 3,867 + 5,020

Federal agency debt securities3

Holdings 1,825 5,740 19,664 60,259 10,982 2,347 100,817

Weekly changes + 811 - 811 + 1,025 - 1,025 0 0 0

Mortgage-backed securities4

Holdings 0 0 1 11 82 840,701 840,795

Weekly changes 0 0 0 - 1 - 1 - 12,248 - 12,250

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 59,123 48,641 0 0 0 0 107,763

Reverse repurchase agreements6 87,553 0 ... ... ... ... 87,553

Term deposits 0 0 0 ... ... ... 0

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

. . . Not applicable.

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden

Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY’s statement of condition consistent with consolidation

under generally accepted accounting principles.

2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the

original face value of such securities.

3. Face value.

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

underlying mortgages.

5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.

6. Cash value of agreements.

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

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

central bank.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Wednesday

Feb 29, 2012 Account name

Mortgage-backed securities held outright1 840,795

Commitments to buy mortgage-backed securities2 39,301

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 21

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

Feb 29, 2012 Account name

Net portfolio holdings of Maiden Lane LLC1 6,439

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 3,265

Accrued interest payable to the Federal Reserve Bank of New York2 761

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 1,397

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2011. Any assets purchased after

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

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

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

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

table 8 and table 9.

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

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

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

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

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

FRBNY.

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Wednesday

Feb 29, 2012 Account name

Net portfolio holdings of Maiden Lane II LLC1 7,301

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 2,867

Accrued interest payable to the Federal Reserve Bank of New York2 580

Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3 1,112

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. Revalued quarterly. This table reflects valuations as of December 31, 2011. Any assets purchased after

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

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

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

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

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

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

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

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

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

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

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

FRBNY and AIG subsidiaries.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday

Feb 29, 2012 Account name

Net portfolio holdings of Maiden Lane III LLC1 17,611

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 8,613

Accrued interest payable to the Federal Reserve Bank of New York2 712

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 5,571

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2011. Any assets purchased after

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

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

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

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

table 8 and table 9.

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

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

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

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

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

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

AIG.

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Wednesday

Feb 29, 2012 Account name

Asset-backed securities holdings1 0

Other investments, net 825

Net portfolio holdings of TALF LLC 825

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 110

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

market on the measurement date.

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

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

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

and table 9.

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

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

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

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

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

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

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

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

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

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

be offset in the following order: by the commitment fees collected by TALF LLC, by the interest received on investments of TALF LLC, by up to $4.3 billion

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

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

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

8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Eliminations from

consolidation

Wednesday

Feb 29, 2012

Change since

Wednesday

Feb 22, 2012

Wednesday

 Mar 2, 2011

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,383 - 23 + 138

Securities, repurchase agreements, and loans 2,610,792 - 7,283 + 261,972

Securities held outright1 2,603,213 - 7,230 + 274,774

U.S. Treasury securities 1,661,601 + 5,020 + 425,343

Bills2 18,423 0 0

Notes and bonds, nominal2 1,565,224 + 4,938 + 408,180

Notes and bonds, inflation-indexed2 68,888 + 128 + 14,531

Inflation compensation3 9,066 - 46 + 2,632

Federal agency debt securities2 100,817 0 - 42,432

Mortgage-backed securities4 840,795 - 12,250 - 108,137

Repurchase agreements5 0 0 0

Loans 7,580 - 52 - 12,801

Net portfolio holdings of Maiden Lane LLC6 6,439 - 65 - 19,623

Net portfolio holdings of Maiden Lane II LLC7 7,301 + 586 - 8,589

Net portfolio holdings of Maiden Lane III LLC8 17,611 + 8 - 5,226

Net portfolio holdings of TALF LLC9 825 0 + 122

Items in process of collection (65) 154 - 55 - 30

Bank premises 2,388 + 210 + 175

Central bank liquidity swaps10 107,763 - 196 + 107,693

Other assets11 156,146 - 293 + 42,292

Total assets (65) 2,928,042 - 7,107 + 378,927

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

Feb 29, 2012

Change since

Wednesday

Feb 22, 2012

Wednesday

 Mar 2, 2011

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,049,876 + 1,872 + 92,163

Reverse repurchase agreements12 87,553 - 2,271 + 25,092

Deposits (0) 1,714,479 - 6,806 + 260,284

Term deposits held by depository institutions 0 0 - 5,070

Other deposits held by depository institutions 1,607,107 - 15,693 + 308,399

U.S. Treasury, General Account 62,542 + 26,509 + 13,000

U.S. Treasury, Supplementary Financing Account 0 0 - 99,980

Foreign official 127 - 3 - 252

Other (0) 44,702 - 17,620 + 44,185

Deferred availability cash items (65) 1,064 - 578 - 1,148

Other liabilities and accrued dividends13 20,550 + 750 + 1,070

Total liabilities (65) 2,873,523 - 7,033 + 377,462

Capital accounts

Capital paid in 27,260 - 37 + 733

Surplus 27,260 - 37 + 733

Other capital accounts 0 0 0

Total capital 54,519 - 75 + 1,465

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, February 29, 2012Millions of dollars

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

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 390 3,866 432 450 872 1,394 854 319 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 Coin 2,383 57 119 162 169 421 216 335 35 Securities, repurchase agreements,

and loans 2,610,792 64,004 1,218,170 89,176 70,318 300,645 193,530 154,593 49,271 

Securities held outright1 2,603,213 64,004 1,210,606 89,176 70,318 300,645 193,530 154,593 49,271 

U.S. Treasury securities 1,661,601 40,853 772,716 56,920 44,883 191,898 123,528 98,675 31,449 

Bills2 18,423 453 8,567 631 498 2,128 1,370 1,094 349 Notes and bonds3 1,643,178 40,400 764,148 56,289 44,386 189,770 122,158 97,581 31,100 

Federal agency debt securities2 100,817 2,479 46,884 3,454 2,723 11,643 7,495 5,987 1,908 

Mortgage-backed securities4 840,795 20,672 391,006 28,802 22,712 97,103 62,507 49,931 15,914 

Repurchase agreements5 0 0 0 0 0 0 0 0 0 Loans 7,580 0 7,564 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane LLC6 6,439 0 6,439 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane II LLC7 7,301 0 7,301 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane III LLC8 17,611 0 17,611 0 0 0 0 0 0 

Net portfolio holdings of TALF LLC9 825 0 825 0 0 0 0 0 0 

Items in process of collection 220 5 0 52 43 4 29 14 5 Bank premises 2,388 122 473 67 125 232 213 205 133 Central bank liquidity swaps10 107,763 3,778 34,762 9,347 7,967 22,291 6,162 2,875 881 Other assets11 156,146 4,132 68,643 6,837 5,434 20,479 11,179 8,408 2,699 Interdistrict settlement account 0 - 1,006 + 270,195 - 9,135 - 8,527 - 134,385 - 35,575 - 5,364 - 4,830 - 

Total assets 2,928,107 71,678 1,630,223 97,148 76,217 210,971 177,801 162,344 48,663 

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, February 29, 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 1,226,129 44,180 438,348 47,337 60,093 101,280 143,536 87,936 33,558 

Less: Notes held by F.R. Banks 176,253 4,721 59,381 6,303 8,016 11,428 25,983 11,599 3,972 

Federal Reserve notes, net 1,049,876 39,459 378,968 41,035 52,076 89,851 117,553 76,337 29,586 

Reverse repurchase agreements12 87,553 2,153 40,716 2,999 2,365 10,112 6,509 5,199 1,657 

Deposits 1,714,479 27,343 1,177,139 48,021 17,335 98,865 49,872 78,826 16,745 

Term deposits held by depository

institutions 0 0 0 0 0 0 0 0 0 

Other deposits held by depository

institutions 1,607,107 27,340 1,069,978 48,001 17,332 98,749 49,870 78,796 16,744 

U.S. Treasury, General Account 62,542 0 62,542 0 0 0 0 0 0 U.S. Treasury, Supplementary

Financing Account 0 0 0 0 0 0 0 0 0 

Foreign official 127 1 100 3 3 8 2 1 0 Other 44,702 2 44,519 16 0 108 0 29 0 

Deferred availability cash items 1,129 37 0 101 140 21 237 26 27 Interest on Federal Reserve notes due

to U.S. Treasury13 2,172 -157 1,349 64 43 225 151 114 36 

Other liabilities and accrued

dividends14 18,379 198 14,711 262 248 762 475 405 173 

Total liabilities 2,873,588 69,033 1,612,883 92,481 72,207 199,835 174,797 160,908 48,223 Capital

Capital paid in 27,260 1,322 8,670 2,333 2,005 5,568 1,502 718 220 Surplus 27,260 1,322 8,670 2,333 2,005 5,568 1,502 718 220 Other capital 0 0 0 0 0 0 0 0 0 

Total liabilities and capital 2,928,107 71,678 1,630,223 97,148 76,217 210,971 177,801 162,344 48,663 

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, February 29, 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

Feb 29, 2012 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,226,129

Less: Notes held by F.R. Banks not subject to collateralization 176,253

Federal Reserve notes to be collateralized 1,049,876

Collateral held against Federal Reserve notes 1,049,876

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,033,639

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,603,213

Less: Face value of securities under reverse repurchase agreements 76,378

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,526,835

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.