FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks May 31, 2012

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

May 30, 2012 Week ended

May 30, 2012

Change from week ended

May 23, 2012 Jun 1, 2011

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,834,650 - 7,908 + 63,878 2,825,240

Securities held outright1 2,610,687 - 5,180 + 44,063 2,601,676

U.S. Treasury securities 1,663,777 + 3,951 + 134,102 1,656,675

Bills2 18,423 0 0 18,423

Notes and bonds, nominal2 1,568,086 + 3,812 + 126,103 1,560,943

Notes and bonds, inflation-indexed2 67,654 0 + 6,386 67,654

Inflation compensation3 9,615 + 140 + 1,614 9,655

Federal agency debt securities2 93,252 - 131 - 25,841 93,252

Mortgage-backed securities4 853,657 - 9,001 - 64,199 851,750

Repurchase agreements5 0 0 0 0

Loans 5,662 - 491 - 8,406 5,509

Primary credit 19 + 6 - 6 51

Secondary credit 0 0 - 3 0

Seasonal credit 31 + 4 + 5 30

Term Asset-Backed Securities Loan Facility6 5,612 - 500 - 8,402 5,428

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 3,872 + 17 - 20,617 3,878

Net portfolio holdings of Maiden Lane II LLC8 19 0 - 14,991 19

Net portfolio holdings of Maiden Lane III LLC9 15,167 + 43 - 9,214 15,257

Net portfolio holdings of TALF LLC10 841 + 3 + 95 841

Float -653 + 25 + 524 -1,092

Central bank liquidity swaps11 22,168 - 4,257 + 22,168 22,168

Other Federal Reserve assets12 176,887 + 1,933 + 50,256 176,983

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding13 44,501 + 14 + 613 44,501

Total factors supplying reserve funds 2,895,392 - 7,894 + 64,491 2,885,982

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

1. Factors Affecting Reserve Balances of Depository Institutions (continued)

Millions of dollars

Averages of daily figures Wednesday

May 30, 2012 Week ended

May 30, 2012

Change from week ended

May 23, 2012 Jun 1, 2011

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation13 1,108,550 + 5,060 + 84,597 1,110,366

Reverse repurchase agreements14 90,320 - 3,338 + 31,903 93,526

Foreign official and international accounts 90,320 - 3,338 + 31,903 93,526

Others 0 0 0 0

Treasury cash holdings 142 + 8 0 147

Deposits with F.R. Banks, other than reserve balances 97,740 - 18,842 + 23,608 83,132

Term deposits held by depository institutions 3,053 0 + 3,053 3,053

U.S. Treasury, General Account 67,804 - 22,279 + 1,812 67,595

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

Foreign official 130 + 1 - 71 135

Service-related 1,903 0 - 641 1,903

Required clearing balances 1,903 0 - 641 1,903

Adjustments to compensate for float 0 0 0 0

Other 24,851 + 3,438 + 24,456 10,446

Other liabilities and capital15 75,525 - 557 + 1,140 74,612

Total factors, other than reserve balances,

absorbing reserve funds 1,372,277 - 17,670 + 141,247 1,361,784

Reserve balances with Federal Reserve Banks 1,523,115 + 9,776 - 76,756 1,524,198

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

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

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

the underlying mortgages.

5. Cash value of agreements.

6. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

7. Refer to table 4 and the note on consolidation accompanying table 9.

8. Refer to table 5 and the note on consolidation accompanying table 9.

9. Refer to table 6 and the note on consolidation accompanying table 9.

10.Refer to table 7 and the note on consolidation accompanying table 9.

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

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

foreign central bank.

12.Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, and the fair value adjustment

to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

13.Estimated.

14.Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

15.Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve

Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note

on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Refer to table 8

and table 9.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
H.4.1

1A. Memorandum Items

Millions of dollars

Averages of daily figures Wednesday

May 30, 2012 Week ended

May 30, 2012

Change from week ended

May 23, 2012 Jun 1, 2011

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,505,952 - 702 + 73,508 3,509,562

U.S. Treasury securities 2,785,114 - 8,969 + 96,461 2,788,521

Federal agency securities2 720,838 + 8,267 - 22,953 721,041

Securities lent to dealers 17,254 + 3,138 - 2,664 16,093

Overnight facility3 17,254 + 3,138 - 2,664 16,093

U.S. Treasury securities 16,721 + 3,216 - 2,148 15,486

Federal agency debt securities 533 - 78 - 516 607

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 30, 2012

Millions of dollars

Within 15

days

16 days to

90 days

91 days to

1 year

Over 1 year

to 5 years

Over 5 years

to 10 years

Over 10

years

Remaining maturity All

Loans1 109 1,107 2,490 1,804 0 ... 5,509

U.S. Treasury securities2

Holdings 16,006 18,128 36,607 545,904 723,850 316,180 1,656,675

Weekly changes + 3,867 - 3,867 0 + 2,553 - 6,401 + 3,700 - 149

Federal agency debt securities3

Holdings 0 6,042 16,320 62,056 6,487 2,347 93,252

Weekly changes 0 + 758 + 405 - 1,163 0 0 0

Mortgage-backed securities4

Holdings 0 0 2 7 103 851,637 851,750

Weekly changes 0 0 0 - 1 - 6 - 13,230 - 13,235

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 400 21,768 0 0 0 0 22,168

Reverse repurchase agreements6 93,526 0 ... ... ... ... 93,526

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

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

. . . Not applicable.

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

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

under generally accepted accounting principles.

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

original face value of such securities.

3. Face value.

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

underlying mortgages.

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

6. Cash value of agreements.

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

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

central bank.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Wednesday

May 30, 2012 Account name

Mortgage-backed securities held outright1 851,750

Commitments to buy mortgage-backed securities2 33,783

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 96

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

May 30, 2012 Account name

Net portfolio holdings of Maiden Lane LLC1 3,878

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

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

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 1,415

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

May 30, 2012 Account name

Net portfolio holdings of Maiden Lane II LLC1 19

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 0

Accrued interest payable to the Federal Reserve Bank of New York2 0

Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3 0

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

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

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

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

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

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

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

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

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

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

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

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

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

FRBNY and AIG subsidiaries.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday

May 30, 2012 Account name

Net portfolio holdings of Maiden Lane III LLC1 15,257

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

Accrued interest payable to the Federal Reserve Bank of New York2 736

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 5,616

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

May 30, 2012 Account name

Asset-backed securities holdings1 0

Other investments, net 841

Net portfolio holdings of TALF LLC 841

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 0

Accrued interest payable to the Federal Reserve Bank of New York2 0

Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable3 111

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

market on the measurement date.

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

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

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

and table 9.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Eliminations from

consolidation

Wednesday

May 30, 2012

Change since

Wednesday

May 23, 2012

Wednesday

 Jun 1, 2011

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,142 - 38 + 36

Securities, repurchase agreements, and loans 2,607,186 - 13,710 + 24,278

Securities held outright1 2,601,676 - 13,386 + 32,491

U.S. Treasury securities 1,656,675 - 149 + 124,439

Bills2 18,423 0 0

Notes and bonds, nominal2 1,560,943 - 281 + 117,115

Notes and bonds, inflation-indexed2 67,654 0 + 5,724

Inflation compensation3 9,655 + 132 + 1,599

Federal agency debt securities2 93,252 0 - 25,841

Mortgage-backed securities4 851,750 - 13,235 - 66,106

Repurchase agreements5 0 0 0

Loans 5,509 - 325 - 8,214

Net portfolio holdings of Maiden Lane LLC6 3,878 + 7 - 20,653

Net portfolio holdings of Maiden Lane II LLC7 19 0 - 14,993

Net portfolio holdings of Maiden Lane III LLC8 15,257 + 105 - 9,129

Net portfolio holdings of TALF LLC9 841 0 + 95

Items in process of collection (123) 242 + 80 - 184

Bank premises 2,369 0 + 163

Central bank liquidity swaps10 22,168 - 4,257 + 22,168

Other assets11 174,601 + 949 + 50,344

Total assets (123) 2,844,940 - 16,864 + 52,125

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)

Millions of dollars

Eliminations from

consolidation

Wednesday

May 30, 2012

Change since

Wednesday

May 23, 2012

Wednesday

 Jun 1, 2011

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,068,150 + 4,383 + 83,949

Reverse repurchase agreements12 93,526 - 49 + 33,589

Deposits (0) 1,607,317 - 21,231 - 65,322

Term deposits held by depository institutions 3,053 0 + 3,053

Other deposits held by depository institutions 1,526,088 - 63 - 67,041

U.S. Treasury, General Account 67,595 - 12,771 - 6,378

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

Foreign official 135 + 6 + 2

Other (0) 10,446 - 8,403 + 10,041

Deferred availability cash items (123) 1,334 + 481 - 915

Other liabilities and accrued dividends13 19,955 - 458 - 1,146

Total liabilities (123) 2,790,283 - 16,873 + 50,156

Capital accounts

Capital paid in 27,329 + 5 + 985

Surplus 27,329 + 5 + 985

Other capital accounts 0 0 0

Total capital 54,657 + 9 + 1,969

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

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

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

underlying mortgages.

5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

6. Refer to table 4 and the note on consolidation accompanying table 9.

7. Refer to table 5 and the note on consolidation accompanying table 9.

8. Refer to table 6 and the note on consolidation accompanying table 9.

9. Refer to table 7 and the note on consolidation accompanying table 9.

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

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

central bank.

11.Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to

credit extended by the Federal Reserve Bank of New York (FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

12.Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

13.Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal

Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and

the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury.
H.4.1

9. Statement of Condition of Each Federal Reserve Bank, May 30, 2012Millions of dollars

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

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 408 3,824 437 515 890 1,337 839 313 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 Coin 2,142 46 100 151 149 385 196 311 32 Securities, repurchase agreements,

and loans 2,607,186 63,193 1,464,069 86,006 66,146 185,165 156,883 144,332 40,677 

Securities held outright1 2,601,676 63,190 1,458,641 86,006 66,146 185,165 156,863 144,330 40,675 

U.S. Treasury securities 1,656,675 40,238 928,822 54,766 42,120 117,908 99,886 91,905 25,901 

Bills2 18,423 447 10,329 609 468 1,311 1,111 1,022 288 Notes and bonds3 1,638,252 39,790 918,493 54,157 41,652 116,597 98,775 90,883 25,613 

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

Mortgage-backed securities4 851,750 20,687 477,537 28,157 21,655 60,620 51,355 47,251 13,316 

Repurchase agreements5 0 0 0 0 0 0 0 0 0 Loans 5,509 3 5,428 0 0 0 20 2 2 

Net portfolio holdings of Maiden

Lane LLC6 3,878 0 3,878 0 0 0 0 0 0 

Net portfolio holdings of Maiden

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

Net portfolio holdings of Maiden

Lane III LLC8 15,257 0 15,257 0 0 0 0 0 0 

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

Items in process of collection 365 4 0 102 83 5 80 18 7 Bank premises 2,369 121 465 67 124 229 213 203 132 Central bank liquidity swaps10 22,168 777 7,151 1,923 1,639 4,585 1,268 591 181 Other assets11 174,601 4,533 91,450 7,246 5,661 15,992 10,479 8,940 2,560 Interdistrict settlement account 0 + 9,325 - 4,348 - 16,714 - 845 + 6,408 + 2,347 - 281 + 744 + 

Total assets 2,845,063 78,603 1,584,523 79,427 73,709 214,072 173,457 155,377 44,796 

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

9. Statement of Condition of Each Federal Reserve Bank, May 30, 2012 (continued)Millions of dollars

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

Assets, liabilities, and capital

Liabilities

Federal Reserve notes outstanding 1,245,566 46,894 432,811 47,825 61,288 101,674 151,841 94,759 36,289 

Less: Notes held by F.R. Banks 177,416 4,775 64,722 5,197 7,281 11,493 25,629 12,119 4,166 

Federal Reserve notes, net 1,068,150 42,119 368,089 42,628 54,007 90,180 126,212 82,640 32,123 

Reverse repurchase agreements12 93,526 2,272 52,436 3,092 2,378 6,656 5,639 5,188 1,462 

Deposits 1,607,317 31,255 1,130,981 28,756 12,712 105,487 37,787 65,427 10,444 

Term deposits held by depository

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

Other deposits held by depository

institutions 1,526,088 31,243 1,050,754 28,147 12,708 105,247 37,779 65,393 10,444 

U.S. Treasury, General Account 67,595 0 67,595 0 0 0 0 0 0 U.S. Treasury, Supplementary

Financing Account 0 0 0 0 0 0 0 0 0 

Foreign official 135 1 108 3 3 8 2 1 0 Other 10,446 1 10,269 5 0 137 1 25 0 

Deferred availability cash items 1,457 55 0 174 59 33 185 32 135 Interest on Federal Reserve notes due

to U.S. Treasury13 1,519 34 917 42 32 84 91 77 22 

Other liabilities and accrued

dividends14 18,436 224 14,683 298 281 712 471 407 166 

Total liabilities 2,790,406 75,959 1,567,106 74,989 69,468 203,153 170,385 153,771 44,353 Capital

Capital paid in 27,329 1,322 8,708 2,219 2,121 5,459 1,536 803 222 Surplus 27,329 1,322 8,708 2,219 2,121 5,459 1,536 803 222 Other capital 0 0 0 0 0 0 0 0 0 

Total liabilities and capital 2,845,063 78,603 1,584,523 79,427 73,709 214,072 173,457 155,377 44,796 

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

9. Statement of Condition of Each Federal Reserve Bank, May 30, 2012 (continued)1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.2. Face value of the securities.3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securitie4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mort5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.6. Refer to table 4 and the note on consolidation below.7. Refer to table 5 and the note on consolidation below.8. Refer to table 6 and the note on consolidation below.9. Refer to table 7 and the note on consolidation below.10.Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign centr

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

11.Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by 

of New York (FRBNY) to eligible	borrowers through the Term Asset-Backed Securities Loan Facility.

12.Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.13.Represents the estimated weekly remittances to U.S Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank’s net earnings 

to capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this Federal Reserve Bank’s earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance which requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of and the amount necessary to equate surplus with capital paid-in.

14.Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New Y

recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.

Note on consolidation:The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Resewas extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contractwas extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan FacilitThe FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily respoTALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNcondition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCsin this table (and table 1 and table 8).
H.4.1

10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents’ Accounts

Millions of dollars

Wednesday

May 30, 2012 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,245,566

Less: Notes held by F.R. Banks not subject to collateralization 177,416

Federal Reserve notes to be collateralized 1,068,150

Collateral held against Federal Reserve notes 1,068,150

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,051,913

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,601,676

Less: Face value of securities under reverse repurchase agreements 81,425

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,520,251

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.