FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks June 14, 2012

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

Jun 13, 2012 Week ended

Jun 13, 2012

Change from week ended

 Jun 6, 2012 Jun 15, 2011

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,835,518 + 4,576 + 25,789 2,851,965

Securities held outright1 2,606,896 + 504 + 1,667 2,621,345

U.S. Treasury securities 1,659,569 - 1,817 + 90,706 1,660,158

Bills2 18,423 0 0 18,423

Notes and bonds, nominal2 1,564,112 - 1,497 + 85,443 1,565,618

Notes and bonds, inflation-indexed2 67,344 - 310 + 3,974 66,570

Inflation compensation3 9,690 - 10 + 1,289 9,547

Federal agency debt securities2 93,252 0 - 25,737 93,252

Mortgage-backed securities4 854,075 + 2,321 - 63,302 867,934

Repurchase agreements5 0 0 0 0

Loans 5,438 - 31 - 7,844 5,375

Primary credit 13 + 2 - 11 4

Secondary credit 0 0 0 0

Seasonal credit 47 + 12 + 8 51

Term Asset-Backed Securities Loan Facility6 5,378 - 46 - 7,841 5,320

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 3,882 + 3 - 20,476 3,880

Net portfolio holdings of Maiden Lane II LLC8 19 0 - 12,509 19

Net portfolio holdings of Maiden Lane III LLC9 15,322 + 59 - 9,089 15,478

Net portfolio holdings of TALF LLC10 841 0 + 95 841

Float -722 + 54 + 402 -810

Central bank liquidity swaps11 23,314 + 1,032 + 23,314 23,314

Other Federal Reserve assets12 180,528 + 2,955 + 50,227 182,524

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding13 44,529 + 14 + 599 44,529

Total factors supplying reserve funds 2,896,288 + 4,590 + 26,387 2,912,735

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

Jun 13, 2012 Week ended

Jun 13, 2012

Change from week ended

 Jun 6, 2012 Jun 15, 2011

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation13 1,108,666 - 667 + 85,765 1,109,482

Reverse repurchase agreements14 88,008 - 4,621 + 23,863 83,419

Foreign official and international accounts 88,008 - 4,621 + 25,056 83,419

Others 0 0 - 1,193 0

Treasury cash holdings 142 - 4 + 7 137

Deposits with F.R. Banks, other than reserve balances 73,307 - 13,340 + 15,078 75,403

Term deposits held by depository institutions 3,053 0 - 2,034 3,053

U.S. Treasury, General Account 41,885 - 18,878 + 549 36,248

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

Foreign official 792 + 661 + 660 1,573

Service-related 1,897 - 4 - 644 1,897

Required clearing balances 1,897 - 4 - 644 1,897

Adjustments to compensate for float 0 0 0 0

Other 25,680 + 4,882 + 21,547 32,631

Other liabilities and capital15 76,370 + 942 + 2,064 79,568

Total factors, other than reserve balances,

absorbing reserve funds 1,346,492 - 17,692 + 126,776 1,348,008

Reserve balances with Federal Reserve Banks 1,549,796 + 22,282 - 100,389 1,564,728

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

Jun 13, 2012 Week ended

Jun 13, 2012

Change from week ended

 Jun 6, 2012 Jun 15, 2011

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,508,477 - 9,140 + 61,828 3,499,771

U.S. Treasury securities 2,793,312 - 5,832 + 85,846 2,786,495

Federal agency securities2 715,164 - 3,309 - 24,019 713,276

Securities lent to dealers 10,873 - 4,203 - 9,340 10,105

Overnight facility3 10,873 - 4,203 - 9,340 10,105

U.S. Treasury securities 10,282 - 4,165 - 9,153 9,535

Federal agency debt securities 590 - 39 - 188 570

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

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

face value.

2. Includes debt and mortgage-backed securities.

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

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, June 13, 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 13 1,885 1,677 1,800 0 ... 5,375

U.S. Treasury securities2

Holdings 19,301 18,388 26,295 534,374 738,221 323,579 1,660,158

Weekly changes + 2,156 - 2,156 0 - 9,675 + 14 + 5,526 - 4,134

Federal agency debt securities3

Holdings 1,768 4,274 16,320 62,793 5,750 2,347 93,252

Weekly changes 0 0 0 + 737 - 737 0 0

Mortgage-backed securities4

Holdings 0 0 2 7 105 867,820 867,934

Weekly changes 0 0 0 0 0 + 16,176 + 16,175

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 7,846 15,467 0 0 0 0 23,314

Reverse repurchase agreements6 83,419 0 ... ... ... ... 83,419

Term deposits 3,053 0 0 ... ... ... 3,053

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

. . . Not applicable.

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

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

under generally accepted accounting principles.

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

original face value of such securities.

3. Face value.

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

underlying mortgages.

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

6. Cash value of agreements.

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

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

central bank.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Wednesday

Jun 13, 2012 Account name

Mortgage-backed securities held outright1 867,934

Commitments to buy mortgage-backed securities2 28,570

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 46

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

underlying mortgages.

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

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

4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Wednesday

Jun 13, 2012 Account name

Net portfolio holdings of Maiden Lane LLC1 3,880

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 366

Accrued interest payable to the Federal Reserve Bank of New York2 765

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 1,418

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of March 31, 2012. Any assets purchased after

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

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

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

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

table 8 and table 9.

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

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

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

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

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

FRBNY.

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Wednesday

Jun 13, 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 March 31, 2012. Any assets purchased after

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

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

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

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

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

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

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

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

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

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

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

FRBNY and AIG subsidiaries.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday

Jun 13, 2012 Account name

Net portfolio holdings of Maiden Lane III LLC1 15,478

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 2,768

Accrued interest payable to the Federal Reserve Bank of New York2 737

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 5,623

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of March 31, 2012. Any assets purchased after

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

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

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

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

table 8 and table 9.

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

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

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

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

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

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

AIG.

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Wednesday

Jun 13, 2012 Account name

Asset-backed securities holdings1 0

Other investments, net 841

Net portfolio holdings of TALF LLC 841

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

Jun 13, 2012

Change since

Wednesday

 Jun 6, 2012

Wednesday

Jun 15, 2011

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,136 + 1 + 18

Securities, repurchase agreements, and loans 2,626,720 + 11,946 + 4,677

Securities held outright1 2,621,345 + 12,042 + 12,535

U.S. Treasury securities 1,660,158 - 4,134 + 84,219

Bills2 18,423 0 0

Notes and bonds, nominal2 1,565,618 - 2,877 + 79,912

Notes and bonds, inflation-indexed2 66,570 - 1,084 + 3,200

Inflation compensation3 9,547 - 173 + 1,106

Federal agency debt securities2 93,252 0 - 25,113

Mortgage-backed securities4 867,934 + 16,175 - 46,572

Repurchase agreements5 0 0 0

Loans 5,375 - 96 - 7,857

Net portfolio holdings of Maiden Lane LLC6 3,880 - 3 - 19,889

Net portfolio holdings of Maiden Lane II LLC7 19 0 - 12,488

Net portfolio holdings of Maiden Lane III LLC8 15,478 + 181 - 8,752

Net portfolio holdings of TALF LLC9 841 0 + 95

Items in process of collection (60) 140 - 57 - 240

Bank premises 2,362 + 1 + 154

Central bank liquidity swaps10 23,314 + 1,046 + 23,314

Other assets11 180,203 + 3,928 + 52,894

Total assets (60) 2,871,328 + 17,042 + 39,783

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

Jun 13, 2012

Change since

Wednesday

 Jun 6, 2012

Wednesday

Jun 15, 2011

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,067,221 - 604 + 84,858

Reverse repurchase agreements12 83,419 - 5,442 + 15,240

Deposits (0) 1,640,171 + 18,526 - 66,107

Term deposits held by depository institutions 3,053 0 - 2,034

Other deposits held by depository institutions 1,566,665 + 19,804 - 2,564

U.S. Treasury, General Account 36,248 - 17,792 - 90,180

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

Foreign official 1,573 + 1,444 + 1,442

Other (0) 32,631 + 15,070 + 32,227

Deferred availability cash items (60) 950 - 194 - 794

Other liabilities and accrued dividends13 24,930 + 4,817 + 4,905

Total liabilities (60) 2,816,690 + 17,103 + 38,100

Capital accounts

Capital paid in 27,319 - 31 + 841

Surplus 27,319 - 31 + 841

Other capital accounts 0 0 0

Total capital 54,638 - 61 + 1,683

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, June 13, 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 2,136 43 94 149 148 385 197 312 36 Securities, repurchase agreements,

and loans 2,626,720 63,672 1,474,988 86,656 66,646 186,565 158,049 145,425 40,985 

Securities held outright1 2,621,345 63,668 1,469,669 86,656 66,646 186,565 158,049 145,421 40,982 

U.S. Treasury securities 1,660,158 40,322 930,775 54,881 42,208 118,156 100,096 92,098 25,955 

Bills2 18,423 447 10,329 609 468 1,311 1,111 1,022 288 Notes and bonds3 1,641,736 39,875 920,446 54,272 41,740 116,845 98,985 91,076 25,667 

Federal agency debt securities2 93,252 2,265 52,282 3,083 2,371 6,637 5,622 5,173 1,458 

Mortgage-backed securities4 867,934 21,080 486,611 28,692 22,067 61,772 52,330 48,149 13,569 

Repurchase agreements5 0 0 0 0 0 0 0 0 0 Loans 5,375 5 5,320 0 0 0 0 4 3 

Net portfolio holdings of Maiden

Lane LLC6 3,880 0 3,880 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 15,478 0 15,478 0 0 0 0 0 0 

Net portfolio holdings of TALF LLC9 841 0 841 0 0 0 0 0 0 

Items in process of collection 200 2 0 48 34 5 36 12 7 Bank premises 2,362 121 460 66 123 230 213 203 132 Central bank liquidity swaps10 23,314 817 7,520 2,022 1,724 4,823 1,333 622 191 Other assets11 180,203 4,677 94,612 7,354 5,814 16,405 10,838 9,261 2,658 Interdistrict settlement account 0 + 3,290 - 67,003 - 15,626 + 4,317 + 29,225 + 9,244 + 929 + 2,578 + 

Total assets 2,871,388 73,227 1,536,532 81,317 79,558 238,939 181,901 158,026 47,049 

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, June 13, 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 1,252,491 46,815 434,530 47,761 61,472 101,861 156,025 94,947 37,684 

Less: Notes held by F.R. Banks 185,269 4,927 68,152 5,378 7,855 11,882 26,880 12,877 4,293 

Federal Reserve notes, net 1,067,221 41,888 366,378 42,383 53,617 89,978 129,145 82,070 33,390 

Reverse repurchase agreements12 83,419 2,026 46,769 2,758 2,121 5,937 5,030 4,628 1,304 

Deposits 1,640,171 26,261 1,087,409 31,200 19,089 130,949 43,696 68,963 11,559 

Term deposits held by depository

institutions 3,053 10 2,255 600 0 95 5 8 0 

Other deposits held by depository

institutions 1,566,665 26,241 1,014,894 30,590 19,086 130,728 43,688 68,929 11,558 

U.S. Treasury, General Account 36,248 0 36,248 0 0 0 0 0 0 U.S. Treasury, Supplementary

Financing Account 0 0 0 0 0 0 0 0 0 

Foreign official 1,573 1 1,546 3 3 8 2 1 0 Other 32,631 9 32,465 6 0 118 1 25 0 

Deferred availability cash items 1,010 35 0 96 56 22 116 23 85 Interest on Federal Reserve notes due

to U.S. Treasury13 1,762 46 991 112 42 112 96 93 25 

Other liabilities and accrued

dividends14 23,168 326 17,532 442 392 1,021 717 643 239 

Total liabilities 2,816,750 70,583 1,519,078 76,990 75,316 228,021 178,800 156,420 46,603 Capital

Capital paid in 27,319 1,322 8,727 2,164 2,121 5,459 1,550 803 223 Surplus 27,319 1,322 8,727 2,164 2,121 5,459 1,550 803 223 Other capital 0 0 0 0 0 0 0 0 0 

Total liabilities and capital 2,871,388 73,227 1,536,532 81,317 79,558 238,939 181,901 158,026 47,049 

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, June 13, 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

Jun 13, 2012 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,252,491

Less: Notes held by F.R. Banks not subject to collateralization 185,269

Federal Reserve notes to be collateralized 1,067,221

Collateral held against Federal Reserve notes 1,067,221

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,050,984

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,621,345

Less: Face value of securities under reverse repurchase agreements 72,107

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,549,238

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.