FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks April 19, 2012

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

Apr 18, 2012 Week ended

Apr 18, 2012

Change from week ended

Apr 11, 2012 Apr 20, 2011

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,865,930 + 21,742 + 206,604 2,858,204

Securities held outright1 2,630,337 + 20,532 + 176,306 2,622,702

U.S. Treasury securities 1,675,002 - 1,532 + 284,418 1,672,141

Bills2 18,423 0 0 18,423

Notes and bonds, nominal2 1,579,297 + 247 + 270,843 1,577,378

Notes and bonds, inflation-indexed2 68,103 - 1,551 + 11,121 67,236

Inflation compensation3 9,179 - 228 + 2,453 9,104

Federal agency debt securities2 95,383 - 1,095 - 34,130 95,200

Mortgage-backed securities4 859,952 + 23,159 - 73,982 855,361

Repurchase agreements5 0 0 0 0

Loans 6,961 - 96 - 10,657 6,949

Primary credit 6 + 3 + 1 2

Secondary credit 0 0 0 0

Seasonal credit 8 0 - 2 10

Term Asset-Backed Securities Loan Facility6 6,947 - 99 - 10,656 6,937

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 4,235 - 1,210 - 20,043 4,039

Net portfolio holdings of Maiden Lane II LLC8 19 0 - 15,832 19

Net portfolio holdings of Maiden Lane III LLC9 17,331 - 187 - 5,703 17,297

Net portfolio holdings of TALF LLC10 831 0 + 113 831

Float -849 - 51 + 421 -869

Central bank liquidity swaps11 32,371 - 100 + 32,371 32,371

Other Federal Reserve assets12 174,694 + 2,853 + 49,627 174,865

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding13 44,387 + 14 + 542 44,387

Total factors supplying reserve funds 2,926,558 + 21,756 + 207,146 2,918,832

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

Apr 18, 2012 Week ended

Apr 18, 2012

Change from week ended

Apr 11, 2012 Apr 20, 2011

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation13 1,100,160 - 762 + 89,652 1,100,559

Reverse repurchase agreements14 90,841 + 916 + 34,907 91,368

Foreign official and international accounts 90,841 + 916 + 34,907 91,368

Others 0 0 0 0

Treasury cash holdings 139 - 3 - 66 141

Deposits with F.R. Banks, other than reserve balances 95,900 + 6,896 + 3,310 139,904

Term deposits held by depository institutions 3,057 0 - 2,024 3,057

U.S. Treasury, General Account 53,427 + 8,138 - 19,841 103,093

U.S. Treasury, Supplementary Financing Account 0 0 - 5,000 0

Foreign official 163 + 31 + 33 127

Service-related 1,930 0 - 617 1,930

Required clearing balances 1,930 0 - 617 1,930

Adjustments to compensate for float 0 0 0 0

Other 37,323 - 1,274 + 30,759 31,698

Other liabilities and capital15 76,342 + 2,290 + 2,816 73,497

Total factors, other than reserve balances,

absorbing reserve funds 1,363,382 + 9,336 + 130,620 1,405,470

Reserve balances with Federal Reserve Banks 1,563,176 + 12,420 + 76,526 1,513,362

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

Apr 18, 2012 Week ended

Apr 18, 2012

Change from week ended

Apr 11, 2012 Apr 20, 2011

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,491,357 + 2,150 + 72,805 3,484,188

U.S. Treasury securities 2,770,424 + 11,006 + 109,324 2,764,051

Federal agency securities2 720,933 - 8,856 - 36,519 720,137

Securities lent to dealers 14,202 - 4,855 - 6,494 12,903

Overnight facility3 14,202 - 4,855 - 6,494 12,903

U.S. Treasury securities 13,385 - 4,846 - 6,277 12,090

Federal agency debt securities 817 - 8 - 217 813

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, April 18, 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 10 941 3,980 2,017 0 ... 6,949

U.S. Treasury securities2

Holdings 17,731 14,150 49,600 566,702 729,715 294,243 1,672,141

Weekly changes - 6,762 - 5,054 - 3,112 - 8,492 + 8,390 + 6,078 - 8,952

Federal agency debt securities3

Holdings 629 3,542 18,976 60,224 9,482 2,347 95,200

Weekly changes - 1,278 + 455 - 455 + 1,500 - 1,500 0 - 1,278

Mortgage-backed securities4

Holdings 0 0 2 9 101 855,249 855,361

Weekly changes 0 0 0 0 - 2 + 18,570 + 18,568

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 11,446 20,925 0 0 0 0 32,371

Reverse repurchase agreements6 91,368 0 ... ... ... ... 91,368

Term deposits 3,057 0 0 ... ... ... 3,057

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

Apr 18, 2012 Account name

Mortgage-backed securities held outright1 855,361

Commitments to buy mortgage-backed securities2 33,656

Commitments to sell mortgage-backed securities2 200

Cash and cash equivalents3 123

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

Apr 18, 2012 Account name

Net portfolio holdings of Maiden Lane LLC1 4,039

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 707

Accrued interest payable to the Federal Reserve Bank of New York2 764

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 1,407

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

Apr 18, 2012 Account name

Net portfolio holdings of Maiden Lane II LLC1 19

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 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

Apr 18, 2012 Account name

Net portfolio holdings of Maiden Lane III LLC1 17,297

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 7,972

Accrued interest payable to the Federal Reserve Bank of New York2 727

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 5,596

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

Apr 18, 2012 Account name

Asset-backed securities holdings1 0

Other investments, net 831

Net portfolio holdings of TALF LLC 831

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 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.
H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Eliminations from

consolidation

Wednesday

Apr 18, 2012

Change since

Wednesday

Apr 11, 2012

Wednesday

Apr 20, 2011

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,241 - 28 + 37

Securities, repurchase agreements, and loans 2,629,651 + 8,267 + 147,856

Securities held outright1 2,622,702 + 8,338 + 158,526

U.S. Treasury securities 1,672,141 - 8,952 + 269,647

Bills2 18,423 0 0

Notes and bonds, nominal2 1,577,378 - 7,332 + 256,577

Notes and bonds, inflation-indexed2 67,236 - 1,518 + 10,671

Inflation compensation3 9,104 - 102 + 2,398

Federal agency debt securities2 95,200 - 1,278 - 33,260

Mortgage-backed securities4 855,361 + 18,568 - 77,861

Repurchase agreements5 0 0 0

Loans 6,949 - 71 - 10,670

Net portfolio holdings of Maiden Lane LLC6 4,039 - 1,431 - 20,273

Net portfolio holdings of Maiden Lane II LLC7 19 0 - 15,853

Net portfolio holdings of Maiden Lane III LLC8 17,297 - 289 - 5,742

Net portfolio holdings of TALF LLC9 831 0 + 113

Items in process of collection (139) 277 + 111 + 63

Bank premises 2,354 + 1 + 139

Central bank liquidity swaps10 32,371 - 100 + 32,371

Other assets11 172,519 + 1,785 + 49,173

Total assets (139) 2,877,835 + 8,316 + 187,883

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

Apr 18, 2012

Change since

Wednesday

Apr 11, 2012

Wednesday

Apr 20, 2011

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,058,550 - 1,292 + 87,970

Reverse repurchase agreements12 91,368 + 2,479 + 35,304

Deposits (0) 1,653,275 + 7,769 + 64,098

Term deposits held by depository institutions 3,057 0 - 2,024

Other deposits held by depository institutions 1,515,300 - 53,500 + 49,980

U.S. Treasury, General Account 103,093 + 67,569 - 10,067

U.S. Treasury, Supplementary Financing Account 0 0 - 5,000

Foreign official 127 0 + 2

Other (0) 31,698 - 6,299 + 31,207

Deferred availability cash items (139) 1,145 + 39 - 394

Other liabilities and accrued dividends13 19,038 - 697 - 998

Total liabilities (139) 2,823,376 + 8,298 + 185,979

Capital accounts

Capital paid in 27,229 + 9 + 951

Surplus 27,229 + 9 + 951

Other capital accounts 0 0 0

Total capital 54,459 + 18 + 1,904

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, April 18, 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 2,241 53 108 154 158 402 195 325 35 Securities, repurchase agreements,

and loans 2,629,651 63,704 1,477,367 86,702 66,681 186,661 158,131 145,498 41,005 

Securities held outright1 2,622,702 63,701 1,470,430 86,701 66,681 186,661 158,131 145,496 41,003 

U.S. Treasury securities 1,672,141 40,613 937,493 55,277 42,513 119,009 100,819 92,763 26,142 

Bills2 18,423 447 10,329 609 468 1,311 1,111 1,022 288 Notes and bonds3 1,653,719 40,166 927,165 54,668 42,045 117,698 99,708 91,741 25,854 

Federal agency debt securities2 95,200 2,312 53,374 3,147 2,420 6,776 5,740 5,281 1,488 

Mortgage-backed securities4 855,361 20,775 479,562 28,276 21,747 60,877 51,572 47,452 13,373 

Repurchase agreements5 0 0 0 0 0 0 0 0 0 Loans 6,949 3 6,937 1 0 0 0 2 2 

Net portfolio holdings of Maiden

Lane LLC6 4,039 0 4,039 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane II LLC7 19 0 19 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane III LLC8 17,297 0 17,297 0 0 0 0 0 0 

Net portfolio holdings of TALF LLC9 831 0 831 0 0 0 0 0 0 

Items in process of collection 415 7 0 162 71 3 55 18 6 Bank premises 2,354 122 446 66 124 231 212 203 133 Central bank liquidity swaps10 32,371 1,135 10,442 2,808 2,393 6,696 1,851 864 265 Other assets11 172,519 4,497 90,249 7,089 5,633 15,893 10,355 8,821 2,546 Interdistrict settlement account 0 - 3,013 + 1,451 + 10,293 - 2,015 - 10,519 - 2,759 + 1,162 + 1,973 + 

Total assets 2,877,974 67,108 1,607,891 107,921 73,798 200,668 170,032 158,154 46,424 

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, April 18, 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 1,240,671 47,078 434,622 48,203 60,542 102,577 145,044 95,351 34,101 

Less: Notes held by F.R. Banks 182,121 4,561 64,615 5,780 7,981 11,637 27,075 12,366 4,378 

Federal Reserve notes, net 1,058,550 42,517 370,007 42,423 52,561 90,940 117,969 82,984 29,723 

Reverse repurchase agreements12 91,368 2,219 51,226 3,020 2,323 6,503 5,509 5,069 1,428 

Deposits 1,653,275 19,426 1,154,758 57,553 14,263 91,457 42,680 68,017 14,605 

Term deposits held by depository

institutions 3,057 15 2,094 451 0 43 5 8 0 

Other deposits held by depository

institutions 1,515,300 19,407 1,018,019 57,090 14,259 91,213 42,673 67,976 14,604 

U.S. Treasury, General Account 103,093 0 103,093 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 31,698 2 31,452 9 1 193 0 32 0 

Deferred availability cash items 1,284 41 0 167 111 22 229 31 26 Interest on Federal Reserve notes due

to U.S. Treasury13 1,431 32 742 41 33 132 108 81 26 

Other liabilities and accrued

dividends14 17,606 228 13,801 302 276 697 480 429 175 

Total liabilities 2,823,515 64,463 1,590,534 103,506 69,567 189,752 166,975 156,612 45,983 Capital

Capital paid in 27,229 1,323 8,679 2,207 2,115 5,458 1,528 771 221 Surplus 27,229 1,323 8,679 2,207 2,115 5,458 1,528 771 221 Other capital 0 0 0 0 0 0 0 0 0 

Total liabilities and capital 2,877,974 67,108 1,607,891 107,921 73,798 200,668 170,032 158,154 46,424 

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, April 18, 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

Apr 18, 2012 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,240,671

Less: Notes held by F.R. Banks not subject to collateralization 182,121

Federal Reserve notes to be collateralized 1,058,550

Collateral held against Federal Reserve notes 1,058,550

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,042,313

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,622,702

Less: Face value of securities under reverse repurchase agreements 79,689

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,543,013

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.