FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                                 May 10, 2012
 
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                         Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended   Change from week ended    May 9, 2012
Federal Reserve Banks                                      May 9, 2012  May 2, 2012 May 11, 2011
 
Reserve Bank credit                                        2,845,247   -      611   +  132,154    2,846,853
  Securities held outright (1)                             2,607,596   -    1,672   +  104,287    2,608,336
    U.S. Treasury securities                               1,665,201   -    1,691   +  214,032    1,665,939
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                         1,571,332   -      481   +  205,476    1,572,022
      Notes and bonds, inflation-indexed (2)                  66,326   -    1,094   +    6,762       66,326
      Inflation compensation (3)                               9,120   -      116   +    1,793        9,168
    Federal agency debt securities (2)                        94,571            0   -   30,547       94,571
    Mortgage-backed securities (4)                           847,824   +       19   -   79,197      847,826
  Repurchase agreements (5)                                        0            0            0            0
  Loans                                                        6,482   -      146   -    9,245        6,461
    Primary credit                                                14   -       69   +       10            6
    Secondary credit                                               0            0            0            0
    Seasonal credit                                               26   +       12   +        9           28
    Term Asset-Backed Securities Loan Facility (6)             6,442   -       89   -    9,264        6,427
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Maiden Lane LLC (7)                4,184   +        8   -   20,615        4,193
  Net portfolio holdings of Maiden Lane II LLC (8)                19            0   -   14,953           19
  Net portfolio holdings of Maiden Lane III LLC (9)           20,223   +      248   -    4,401       20,323
  Net portfolio holdings of TALF LLC (10)                        836            0   +      103          836
  Float                                                         -736   +      128   +      217         -956
  Central bank liquidity swaps (11)                           26,656   -    1,295   +   26,656       26,656
  Other Federal Reserve assets (12)                          179,985   +    2,115   +   50,102      180,985
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (13)                            44,459   +       14   +      596       44,459

Total factors supplying reserve funds                      2,905,947   -      597   +  132,749    2,907,553
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                         Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended   Change from week ended    May 9, 2012
Federal Reserve Banks                                      May 9, 2012  May 2, 2012 May 11, 2011
 
Currency in circulation (13)                               1,102,555   +    2,003   +   85,524    1,104,257
Reverse repurchase agreements (14)                            93,543   -    4,403   +   37,168       87,779
  Foreign official and international accounts                 93,543   -    4,403   +   37,168       87,779
  Others                                                           0            0            0            0
Treasury cash holdings                                           139   -        1   -       12          136
Deposits with F.R. Banks, other than reserve balances        136,619   -    1,618   +   27,996      132,206
  Term deposits held by depository institutions                    0            0            0            0
  U.S. Treasury, General Account                             113,232   -    7,516   +   13,639      102,803
  U.S. Treasury, Supplementary Financing Account                   0            0   -    5,000            0
  Foreign official                                               133   -        5   -        3          128
  Service-related                                              1,907   -       20   -      638        1,907
    Required clearing balances                                 1,907   -       20   -      638        1,907
    Adjustments to compensate for float                            0            0            0            0
  Other                                                       21,348   +    5,924   +   19,999       27,369
Other liabilities and capital (15)                            75,820   -    1,217   +    1,886       74,776

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,408,676   -    5,237   +  152,562    1,399,155

Reserve balances with Federal Reserve Banks                1,497,271   +    4,640   -   19,813    1,508,399
 
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
   securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
   remaining principal balance of the underlying mortgages.
5. Cash value of agreements.
6. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term
   Asset-Backed Securities Loan Facility.
7. Refer to table 4 and the note on consolidation accompanying table 9.
8. Refer to table 5 and the note on consolidation accompanying table 9.
9.  Refer to table 6 and the note on consolidation accompanying table 9.
10. Refer to table 7 and the note on consolidation accompanying table 9.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
    the foreign currency is returned to the foreign central bank. This exchange rate equals the market
    exchange rate used when the foreign currency was acquired from the foreign central bank.
12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange
    rates, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the
    Term Asset-Backed Securities Loan Facility.
13. Estimated.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
    securities, and mortgage-backed securities.
15. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to
    entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only
    to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation
    accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S.
    Treasury. Refer to table 8 and table 9.

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

 
1A. Memorandum Items
Millions of dollars
                                                                Averages of daily figures         Wednesday  
                                                           Week ended   Change from week ended    May 9, 2012
Memorandum item                                            May 9, 2012  May 2, 2012 May 11, 2011
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,498,968   +    3,163   +   38,156    3,490,255
  U.S. Treasury securities                                 2,784,368   +    4,175   +   85,051    2,775,707
  Federal agency securities (2)                              714,600   -    1,012   -   46,895      714,548
Securities lent to dealers                                    13,036   -      746   -    4,272       13,575
  Overnight facility (3)                                      13,036   -      746   -    4,272       13,575
    U.S. Treasury securities                                  12,298   -      602   -    4,148       12,861
    Federal agency debt securities                               739   -      142   -      123          714
 
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,        May 9, 2012
Millions of dollars
                                       Within 15    16 days to   91 days to  Over 1 year  Over 5 years    Over 10        All     
Remaining maturity                        days       90 days       1 year     to 5 years   to 10 years     years    
 
Loans (1)                                     25          713        3,819        1,904            0           ...        6,461
U.S. Treasury securities (2)
  Holdings                                16,989       13,442       42,608      549,945      737,699       305,256    1,665,939
  Weekly changes                      -    3,520   +    3,520   -    8,640   -    1,562   +    4,767    +    3,744   -    1,691
Federal agency debt securities (3)
  Holdings                                 1,319        2,223       18,976       60,224        9,482         2,347       94,571
  Weekly changes                      +      914   -      914            0            0            0             0            0
Mortgage-backed securities (4)
  Holdings                                     0            0            2            8          100       847,717      847,826
  Weekly changes                               0            0            0            0   +        1    +        6   +        6
Asset-backed securities held by
   TALF LLC (5)                                0            0            0            0            0             0            0
Repurchase agreements (6)                      0            0          ...          ...          ...           ...            0
Central bank liquidity swaps (7)          15,057       11,600            0            0            0             0       26,656

Reverse repurchase agreements (6)         87,779            0          ...          ...          ...           ...       87,779
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.

 
3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                            May 9, 2012 
 
Mortgage-backed securities held outright (1)                                                                             847,826

Commitments to buy mortgage-backed securities (2)                                                                         45,843
Commitments to sell mortgage-backed securities (2)                                                                             0

Cash and cash equivalents (3)                                                                                                  9
 
1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal
   balance of the underlying mortgages.
2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls,
   and coupon swaps.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8 and table 9.

 
4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                            May 9, 2012 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                              4,193

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                    707
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         765
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,411
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
       March 31, 2012. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of
section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to
manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets.
Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses
of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to
JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.

 
5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                            May 9, 2012 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                              19

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                      0
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                           0
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                        0
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
       March 31, 2012. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of
   American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued
   interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table
   8 and table 9.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential
mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group,
Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred
payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.

 
6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                            May 9, 2012 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         20,323

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  7,972
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         733
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,606
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
       March 31, 2012. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector
collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written
credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the
related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to
AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.

 
7. Information on Principal Accounts of TALF LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                            May 9, 2012 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       836
Net portfolio holdings of TALF LLC                                                                                           836

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                      0
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                           0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3)                                        111
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF)
under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New
York (FRBNY) extends loans with a term of up to five years to holders of eligible asset-backed securities. The TALF is intended to
assist financial markets in accommodating the credit needs of consumers and businesses by facilitating the issuance of asset-backed
securities collateralized by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are
non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The loans
are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial
risk of a decline in the value of the security.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in
connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed
securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest.
Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF
LLC, by the interest received on investments of TALF LLC, by up to $4.3 billion in subordinated debt funding provided by the U.S.
Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio
holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S.
Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the
U.S. Treasury.

 
8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation    May 9, 2012   Wednesday    Wednesday  
Assets, liabilities, and capital                                                       May 2, 2012 May 11, 2011
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,218    -       12   +       52
  Securities, repurchase agreements, and loans                           2,614,797    -    2,026   +   81,096
    Securities held outright (1)                                         2,608,336    -    1,685   +   89,987
      U.S. Treasury securities                                           1,665,939    -    1,691   +  199,730
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                     1,572,022    -      242   +  191,180
        Notes and bonds, inflation-indexed (2)                              66,326    -    1,340   +    6,762
        Inflation compensation (3)                                           9,168    -      109   +    1,787
      Federal agency debt securities (2)                                    94,571             0   -   30,547
      Mortgage-backed securities (4)                                       847,826    +        6   -   79,195
    Repurchase agreements (5)                                                    0             0            0
    Loans                                                                    6,461    -      340   -    8,892
  Net portfolio holdings of Maiden Lane LLC (6)                              4,193    +       10   -   20,619
  Net portfolio holdings of Maiden Lane II LLC (7)                              19             0   -   14,966
  Net portfolio holdings of Maiden Lane III LLC (8)                         20,323    +      116   -    4,380
  Net portfolio holdings of TALF LLC (9)                                       836             0   +      103
  Items in process of collection                             (81)              166    -      120   -      337
  Bank premises                                                              2,366    +        1   +      156
  Central bank liquidity swaps (10)                                         26,656    -      600   +   26,656
  Other assets (11)                                                        178,655    +    2,490   +   50,030

Total assets                                                 (81)        2,866,466    -      140   +  117,791
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation    May 9, 2012   Wednesday    Wednesday  
Assets, liabilities, and capital                                                       May 2, 2012 May 11, 2011
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                       1,062,148    +    1,515   +   85,363
  Reverse repurchase agreements (12)                                        87,779    -    2,557   +   33,064
  Deposits                                                    (0)        1,640,640    +    1,056   -    2,242
    Term deposits held by depository institutions                                0             0            0
    Other deposits held by depository institutions                       1,510,340    +   27,196   -   36,314
    U.S. Treasury, General Account                                         102,803    -   33,943   +   14,909
    U.S. Treasury, Supplementary Financing Account                               0             0   -    5,000
    Foreign official                                                           128    -        9   +        4
    Other                                                     (0)           27,369    +    7,811   +   24,160
  Deferred availability cash items                           (81)            1,122    -       15   -      413
  Other liabilities and accrued dividends (13)                              20,223    -      214   +       29

Total liabilities                                            (81)        2,811,913    -      214   +  115,802

Capital accounts
  Capital paid in                                                           27,276    +       36   +      994
  Surplus                                                                   27,276    +       36   +      994
  Other capital accounts                                                         0             0            0

Total capital                                                               54,553    +       74   +    1,989
 
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
   securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
   remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 4 and the note on consolidation accompanying table 9.
7. Refer to table 5 and the note on consolidation accompanying table 9.
8. Refer to table 6 and the note on consolidation accompanying table 9.
9.  Refer to table 7 and the note on consolidation accompanying table 9.
10. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
    the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange
    rate used when the foreign currency was acquired from the foreign central bank.
11. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates
    and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to
    eligible borrowers through the Term Asset-Backed Securities Loan Facility.
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
    securities, and mortgage-backed securities.
13. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to
    entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to
    the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation
    accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S.
    Treasury.


 
9. Statement of Condition of Each Federal Reserve Bank,        May 9, 2012
Millions of dollars
                                               Total      Boston     New York   Philadelphia Cleveland   Richmond     Atlanta     Chicago    St. Louis  Minneapolis   Kansas      Dallas        San    
Assets, liabilities, and capital                                                                                                                                       City                  Francisco 
 
Assets
  Gold certificate account                      11,037         408       3,824         437         515         890       1,337         839         313         192         315         725       1,242
  Special drawing rights certificate acct.       5,200         196       1,818         210         237         412         654         424         150          90         153         282         574
  Coin                                           2,218          51         108         152         156         395         200         323          34          58         166         208         366
  Securities, repurchase agreements,
     and loans                               2,614,797      63,357   1,468,803      86,226      66,315     185,640     157,266     144,701      40,780      23,726      52,403     101,356     224,224
    Securities held outright (1)             2,608,336      63,352   1,462,375      86,226      66,315     185,639     157,265     144,699      40,779      23,712      52,403     101,347     224,224
      U.S. Treasury securities               1,665,939      40,463     934,016      55,072      42,355     118,567     100,445      92,419      26,045      15,145      33,469      64,730     143,212
        Bills (2)                               18,423         447      10,329         609         468       1,311       1,111       1,022         288         167         370         716       1,584
        Notes and bonds (3)                  1,647,516      40,015     923,687      54,463      41,887     117,256      99,334      91,397      25,757      14,977      33,099      64,015     141,628
      Federal agency debt securities (2)        94,571       2,297      53,022       3,126       2,404       6,731       5,702       5,246       1,479         860       1,900       3,675       8,130
      Mortgage-backed securities (4)           847,826      20,592     475,338      28,027      21,555      60,341      51,118      47,034      13,255       7,708      17,033      32,942      72,883
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Loans                                        6,461           6       6,427           0           0           1           1           2           2          14           0           8           0
  Net portfolio holdings of Maiden
     Lane LLC (6)                                4,193           0       4,193           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (7)                                19           0          19           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (8)                           20,323           0      20,323           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (9)           836           0         836           0           0           0           0           0           0           0           0           0           0
  Items in process of collection                   247           8           1          53          38           5          64          13           6           6           5           7          39
  Bank premises                                  2,366         122         462          66         124         230         212         203         132         105         256         242         211
  Central bank liquidity swaps (10)             26,656         934       8,599       2,312       1,971       5,514       1,524         711         218         109         265         427       4,072
  Other assets (11)                            178,655       4,646      93,656       7,292       5,795      16,344      10,742       9,166       2,648       1,555       3,352       6,398      17,061
  Interdistrict settlement account                   0   -     365   +  18,134   -  15,061   +   1,129   -   5,717   +   2,278   -     721   +   1,958   +   1,449   +   1,020   +     996   -   5,101

Total assets                                 2,866,546      69,357   1,620,774      81,688      76,279     203,713     174,278     155,659      46,240      27,291      57,936     110,642     242,690
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
9. Statement of Condition of Each Federal Reserve Bank,        May 9, 2012 (continued)
Millions of dollars
                                               Total      Boston     New York   Philadelphia Cleveland   Richmond     Atlanta     Chicago    St. Louis  Minneapolis   Kansas      Dallas        San    
Assets, liabilities, and capital                                                                                                                                       City                  Francisco 
 
Liabilities
  Federal Reserve notes outstanding          1,244,175      47,180     432,909      48,092      61,113     102,060     149,405      94,873      35,738      22,741      37,458      77,918     134,691
    Less: Notes held by F.R. Banks             182,027       4,801      66,762       5,541       7,203      11,561      25,976      12,756       4,250       4,211       3,979      11,402      23,585
      Federal Reserve notes, net             1,062,148      42,379     366,146      42,550      53,910      90,499     123,429      82,117      31,487      18,530      33,479      66,516     111,106
  Reverse repurchase agreements (12)            87,779       2,132      49,214       2,902       2,232       6,247       5,292       4,870       1,372         798       1,764       3,411       7,546
  Deposits                                   1,640,640      21,908   1,172,051      31,364      15,476      95,260      41,785      66,581      12,648       7,405      21,908      39,414     114,840
    Term deposits held by depository
       institutions                                  0           0           0           0           0           0           0           0           0           0           0           0           0
    Other deposits held by depository
       institutions                          1,510,340      21,906   1,041,984      31,357      15,473      95,090      41,782      66,548      12,648       7,404      21,907      39,413     114,828
    U.S. Treasury, General Account             102,803           0     102,803           0           0           0           0           0           0           0           0           0           0
    U.S. Treasury, Supplementary
       Financing Account                             0           0           0           0           0           0           0           0           0           0           0           0           0
    Foreign official                               128           1         101           3           3           8           2           1           0           0           0           1           6
    Other                                       27,369           1      27,163           3           0         161           1          32           0           0           1           0           6
  Deferred availability cash items               1,203          40           0         128         124          25         160          29          97         183          38          85         292
  Interest on Federal Reserve notes due
     to U.S. Treasury (13)                       1,700          41       1,062          45          29          95          95          71          25          11          33          66         129
  Other liabilities and accrued
     dividends (14)                             18,523         213      14,932         285         268         672         450         395         168         137         170         284         547

Total liabilities                            2,811,994      66,714   1,603,405      77,274      72,039     192,798     171,211     154,062      45,798      27,064      57,392     109,776     234,461

Capital
  Capital paid in                               27,276       1,322       8,684       2,207       2,120       5,458       1,533         798         221         114         272         433       4,114
  Surplus                                       27,276       1,322       8,684       2,207       2,120       5,458       1,533         798         221         114         272         433       4,114
  Other capital                                      0           0           0           0           0           0           0           0           0           0           0           0           0

Total liabilities and capital                2,866,546      69,357   1,620,774      81,688      76,279     203,713     174,278     155,659      46,240      27,291      57,936     110,642     242,690
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

9. Statement of Condition of Each Federal Reserve Bank,        May 9, 2012 (continued)
1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 4 and the note on consolidation below.
7. Refer to table 5 and the note on consolidation below.
8. Refer to table 6 and the note on consolidation below.
9.  Refer to table 7 and the note on consolidation below.
10. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.
11. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank of New York
    (FRBNY) to eligible	borrowers through the Term Asset-Backed Securities Loan Facility.
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
13. Represents the estimated weekly remittances to U.S Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to
    capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the
    Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which
    requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the
    amount necessary to equate surplus with capital paid-in.
14. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have
    recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.


Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was
extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector
collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan was extended to
Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc.
On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in
connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.

The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial
activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual
losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the
preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs
appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of
the LLCs, are included in other liabilities in this table (and table 1 and table 8).

 
10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
                                                                                            Wednesday   
Federal Reserve notes and collateral                                                        May 9, 2012 
 
Federal Reserve notes outstanding                                                          1,244,175
  Less: Notes held by F.R. Banks not subject to collateralization                            182,027
    Federal Reserve notes to be collateralized                                             1,062,148
Collateral held against Federal Reserve notes                                              1,062,148
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                 1,045,912
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,608,336
  Less: Face value of securities under reverse repurchase agreements                          75,346
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,532,990
 
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.