FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                                June 21, 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   Jun 20, 2012
Federal Reserve Banks                                     Jun 20, 2012 Jun 13, 2012 Jun 22, 2011
 
Reserve Bank credit                                        2,849,676   +   14,157   +   23,070    2,853,746
  Securities held outright (1)                             2,621,172   +   14,276   -      787    2,623,099
    U.S. Treasury securities                               1,665,691   +    6,122   +   76,526    1,663,577
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                         1,570,464   +    6,352   +   72,565    1,567,459
      Notes and bonds, inflation-indexed (2)                  67,146   -      198   +    2,951       67,915
      Inflation compensation (3)                               9,658   -       32   +    1,010        9,780
    Federal agency debt securities (2)                        92,186   -    1,066   -   26,179       91,484
    Mortgage-backed securities (4)                           863,295   +    9,220   -   51,134      868,038
  Repurchase agreements (5)                                        0            0            0            0
  Loans                                                        5,341   -       97   -    7,817        5,423
    Primary credit                                                26   +       13   +        6          106
    Secondary credit                                               0            0   -        1            0
    Seasonal credit                                               64   +       17   +       22           66
    Term Asset-Backed Securities Loan Facility (6)             5,251   -      127   -    7,845        5,251
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Maiden Lane LLC (7)                2,710   -    1,172   -   21,065        2,483
  Net portfolio holdings of Maiden Lane II LLC (8)                19            0   -   12,488           18
  Net portfolio holdings of Maiden Lane III LLC (9)           12,013   -    3,309   -   12,218       12,255
  Net portfolio holdings of TALF LLC (10)                        841            0   +       92          841
  Float                                                         -724   -        2   +      287         -663
  Central bank liquidity swaps (11)                           24,215   +      901   +   24,215       24,215
  Other Federal Reserve assets (12)                          184,090   +    3,560   +   52,852      186,075
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (13)                            44,543   +       14   +      605       44,543

Total factors supplying reserve funds                      2,910,460   +   14,171   +   23,675    2,914,530
 
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   Jun 20, 2012
Federal Reserve Banks                                     Jun 20, 2012 Jun 13, 2012 Jun 22, 2011
 
Currency in circulation (13)                               1,108,184   -      482   +   85,531    1,109,049
Reverse repurchase agreements (14)                            83,842   -    4,166   +   20,938       84,108
  Foreign official and international accounts                 83,842   -    4,166   +   20,938       84,108
  Others                                                           0            0            0            0
Treasury cash holdings                                           134   -        8   +        2          121
Deposits with F.R. Banks, other than reserve balances        145,258   +   71,951   +    8,624      185,810
  Term deposits held by depository institutions                    0   -    3,053   -    5,087            0
  U.S. Treasury, General Account                             114,746   +   72,861   -    8,189      139,880
  U.S. Treasury, Supplementary Financing Account                   0            0   -    5,000            0
  Foreign official                                             1,574   +      782   +    1,361        1,575
  Service-related                                              1,897            0   -      640        1,897
    Required clearing balances                                 1,897            0   -      640        1,897
    Adjustments to compensate for float                            0            0            0            0
  Other                                                       27,042   +    1,362   +   26,180       42,459
Other liabilities and capital (15)                            76,492   +      122   +    2,513       75,659

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,413,911   +   67,419   +  117,609    1,454,746

Reserve balances with Federal Reserve Banks                1,496,549   -   53,248   -   93,934    1,459,783
 
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   Jun 20, 2012
Memorandum item                                           Jun 20, 2012 Jun 13, 2012 Jun 22, 2011
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,508,176   -      301   +   48,590    3,507,851
  U.S. Treasury securities                                 2,799,940   +    6,628   +   76,761    2,808,903
  Federal agency securities (2)                              708,236   -    6,928   -   28,172      698,948
Securities lent to dealers                                    11,247   +      374   -   17,137       10,249
  Overnight facility (3)                                      11,247   +      374   -   17,137       10,249
    U.S. Treasury securities                                  10,582   +      300   -   17,043        9,611
    Federal agency debt securities                               665   +       75   -       93          638
 
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 20, 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)                                    163        1,829        1,677        1,753            0           ...        5,423
U.S. Treasury securities (2)
  Holdings                                13,148       19,881       21,354      532,988      745,173       331,032    1,663,577
  Weekly changes                      -    6,153   +    1,493   -    4,941   -    1,386   +    6,952    +    7,453   +    3,419
Federal agency debt securities (3)
  Holdings                                     0        4,386       16,440       62,561        5,750         2,347       91,484
  Weekly changes                      -    1,768   +      112   +      120   -      232            0             0   -    1,768
Mortgage-backed securities (4)
  Holdings                                     0            0            2            7          120       867,910      868,038
  Weekly changes                               0            0            0            0   +       15    +       90   +      104
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)           8,747       15,467            0            0            0             0       24,215

Reverse repurchase agreements (6)         84,108            0          ...          ...          ...           ...       84,108
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                                                                                                           Jun 20, 2012 
 
Mortgage-backed securities held outright (1)                                                                             868,038

Commitments to buy mortgage-backed securities (2)                                                                         25,336
Commitments to sell mortgage-backed securities (2)                                                                             0

Cash and cash equivalents (3)                                                                                                  0
 
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                                                                                                           Jun 20, 2012 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                              2,483

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
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,098
 
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                                                                                                           Jun 20, 2012 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                              18

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                                                                                                           Jun 20, 2012 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         12,255

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
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,550
 
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                                                                                                           Jun 20, 2012 
 
Asset-backed securities holdings (1)                                                                                           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 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   Jun 20, 2012   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Jun 13, 2012 Jun 22, 2011
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,136             0   +       10
  Securities, repurchase agreements, and loans                           2,628,522    +    1,802   -   19,154
    Securities held outright (1)                                         2,623,099    +    1,754   -   11,555
      U.S. Treasury securities                                           1,663,577    +    3,419   +   61,614
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                     1,567,459    +    1,841   +   58,087
        Notes and bonds, inflation-indexed (2)                              67,915    +    1,345   +    2,619
        Inflation compensation (3)                                           9,780    +      233   +      907
      Federal agency debt securities (2)                                    91,484    -    1,768   -   26,881
      Mortgage-backed securities (4)                                       868,038    +      104   -   46,288
    Repurchase agreements (5)                                                    0             0            0
    Loans                                                                    5,423    +       48   -    7,599
  Net portfolio holdings of Maiden Lane LLC (6)                              2,483    -    1,397   -   21,331
  Net portfolio holdings of Maiden Lane II LLC (7)                              18    -        1   -   12,492
  Net portfolio holdings of Maiden Lane III LLC (8)                         12,255    -    3,223   -   11,983
  Net portfolio holdings of TALF LLC (9)                                       841             0   +       84
  Items in process of collection                             (75)              219    +       79   -       42
  Bank premises                                                              2,363    +        1   +      153
  Central bank liquidity swaps (10)                                         24,215    +      901   +   24,215
  Other assets (11)                                                        183,751    +    3,548   +   53,217

Total assets                                                 (75)        2,873,039    +    1,711   +   12,677
 
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   Jun 20, 2012   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Jun 13, 2012 Jun 22, 2011
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                       1,066,758    -      463   +   85,011
  Reverse repurchase agreements (12)                                        84,108    +      689   +   18,755
  Deposits                                                    (0)        1,645,633    +    5,462   -   92,210
    Term deposits held by depository institutions                                0    -    3,053   -    5,087
    Other deposits held by depository institutions                       1,461,720    -  104,945   -  135,246
    U.S. Treasury, General Account                                         139,880    +  103,632   +   10,186
    U.S. Treasury, Supplementary Financing Account                               0             0   -    5,000
    Foreign official                                                         1,575    +        2   +    1,186
    Other                                                     (0)           42,459    +    9,828   +   41,752
  Deferred availability cash items                           (75)              881    -       69   -      499
  Other liabilities and accrued dividends (13)                              20,990    -    3,940   -       79

Total liabilities                                            (75)        2,818,370    +    1,680   +   10,979

Capital accounts
  Capital paid in                                                           27,334    +       15   +      849
  Surplus                                                                   27,334    +       15   +      849
  Other capital accounts                                                         0             0            0

Total capital                                                               54,669    +       31   +    1,698
 
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,      June 20, 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                                           2,136          41          92         149         148         385         195         313          37          54         162         202         358
  Securities, repurchase agreements,
     and loans                               2,628,522      63,712   1,475,903      86,714      66,696     186,690     158,187     145,524      41,020      23,887      52,705     101,928     225,556
    Securities held outright (1)             2,623,099      63,710   1,470,652      86,714      66,691     186,690     158,155     145,518      41,010      23,846      52,699     101,921     225,493
      U.S. Treasury securities               1,663,577      40,405     932,692      54,994      42,295     118,399     100,302      92,288      26,008      15,123      33,422      64,639     143,009
        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)                  1,645,155      39,958     922,363      54,385      41,827     117,088      99,191      91,266      25,720      14,956      33,052      63,923     141,425
      Federal agency debt securities (2)        91,484       2,222      51,291       3,024       2,326       6,511       5,516       5,075       1,430         832       1,838       3,555       7,864
      Mortgage-backed securities (4)           868,038      21,083     486,669      28,695      22,069      61,780      52,337      48,155      13,571       7,891      17,439      33,728      74,620
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Loans                                        5,423           2       5,251           0           5           0          32           5          10          41           6           7          62
  Net portfolio holdings of Maiden
     Lane LLC (6)                                2,483           0       2,483           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (7)                                18           0          18           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (8)                           12,255           0      12,255           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (9)           841           0         841           0           0           0           0           0           0           0           0           0           0
  Items in process of collection                   293           3           0          69          53           4          90          10           6          11           4           8          36
  Bank premises                                  2,363         121         461          67         123         230         213         203         132         105         256         241         211
  Central bank liquidity swaps (10)             24,215         849       7,811       2,100       1,790       5,009       1,385         646         198          99         241         388       3,699
  Other assets (11)                            183,751       4,764      96,574       7,477       5,909      16,678      11,032       9,450       2,714       1,594       3,451       6,623      17,485
  Interdistrict settlement account                   0   +   7,891   +   8,339   -  17,947   -   1,886   -   4,810   +   5,117   -     309   +   2,087   +     379   -   2,320   -     266   +   3,723

Total assets                                 2,873,114      77,986   1,610,419      79,276      73,585     205,488     178,210     157,100      46,657      26,411      54,967     110,132     252,884
 
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,      June 20, 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          1,256,218      46,549     436,988      47,502      61,304     101,542     158,402      94,375      37,804      22,497      36,986      77,434     134,835
    Less: Notes held by F.R. Banks             189,460       5,043      70,290       5,614       8,037      12,372      27,368      13,075       4,343       3,582       3,577      11,284      24,875
      Federal Reserve notes, net             1,066,758      41,506     366,698      41,888      53,267      89,169     131,034      81,300      33,461      18,915      33,410      66,150     109,961
  Reverse repurchase agreements (12)            84,108       2,043      47,155       2,780       2,138       5,986       5,071       4,666       1,315         765       1,690       3,268       7,230
  Deposits                                   1,645,633      31,470   1,162,995      29,786      13,525      98,473      38,264      68,961      11,153       6,179      19,070      39,365     126,392
    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                          1,461,720      31,416     979,296      29,775      13,522      98,366      38,261      68,936      11,153       6,179      19,068      39,364     126,385
    U.S. Treasury, General Account             139,880           0     139,880           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                             1,575           1       1,548           3           3           8           2           1           0           0           0           1           6
    Other                                       42,459          53      42,272           7           0          99           1          25           0           0           1           1           1
  Deferred availability cash items                 956          38           0         104          60          23         119          22          72         167          33          73         246
  Interest on Federal Reserve notes due
     to U.S. Treasury (13)                       1,899          33       1,208          56          44         108          98          84          23          13          26          60         145
  Other liabilities and accrued
     dividends (14)                             19,091         251      14,909         333         308         780         523         460         186         146         194         328         670

Total liabilities                            2,818,445      75,342   1,592,966      74,948      69,343     194,539     175,109     155,494      46,211      26,184      54,423     109,244     244,644

Capital
  Capital paid in                               27,334       1,322       8,727       2,164       2,121       5,474       1,551         803         223         114         272         444       4,120
  Surplus                                       27,334       1,322       8,727       2,164       2,121       5,474       1,551         803         223         114         272         444       4,120
  Other capital                                      0           0           0           0           0           0           0           0           0           0           0           0           0

Total liabilities and capital                2,873,114      77,986   1,610,419      79,276      73,585     205,488     178,210     157,100      46,657      26,411      54,967     110,132     252,884
 
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,      June 20, 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                                                       Jun 20, 2012 
 
Federal Reserve notes outstanding                                                          1,256,218
  Less: Notes held by F.R. Banks not subject to collateralization                            189,460
    Federal Reserve notes to be collateralized                                             1,066,758
Collateral held against Federal Reserve notes                                              1,066,758
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                 1,050,522
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,623,099
  Less: Face value of securities under reverse repurchase agreements                          71,820
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,551,279
 
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.