FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                                 May 17, 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 16, 2012
Federal Reserve Banks                                     May 16, 2012  May 9, 2012 May 18, 2011
 
Reserve Bank credit                                        2,840,421   -    4,826   +  100,958    2,833,829
  Securities held outright (1)                             2,608,829   +    1,233   +   76,438    2,609,188
    U.S. Treasury securities                               1,660,947   -    4,254   +  177,352    1,656,793
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                         1,565,527   -    5,805   +  167,865    1,561,325
      Notes and bonds, inflation-indexed (2)                  67,654   +    1,328   +    7,679       67,654
      Inflation compensation (3)                               9,343   +      223   +    1,808        9,392
    Federal agency debt securities (2)                        94,455   -      116   -   28,794       94,166
    Mortgage-backed securities (4)                           853,426   +    5,602   -   72,120      858,229
  Repurchase agreements (5)                                        0            0            0            0
  Loans                                                        6,429   -       53   -    8,589        6,393
    Primary credit                                                10   -        4   +        7           16
    Secondary credit                                               0            0            0            0
    Seasonal credit                                               28   +        2   +       10           25
    Term Asset-Backed Securities Loan Facility (6)             6,391   -       51   -    8,607        6,352
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Maiden Lane LLC (7)                4,047   -      137   -   20,416        3,853
  Net portfolio holdings of Maiden Lane II LLC (8)                19            0   -   14,965           19
  Net portfolio holdings of Maiden Lane III LLC (9)           15,119   -    5,104   -    9,292       15,119
  Net portfolio holdings of TALF LLC (10)                        836            0   +      103          836
  Float                                                         -809   -       73   +      188         -825
  Central bank liquidity swaps (11)                           26,450   -      206   +   26,450       26,450
  Other Federal Reserve assets (12)                          179,502   -      483   +   51,042      172,795
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (13)                            44,473   +       14   +      601       44,473

Total factors supplying reserve funds                      2,901,135   -    4,812   +  101,559    2,894,543
 
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 16, 2012
Federal Reserve Banks                                     May 16, 2012  May 9, 2012 May 18, 2011
 
Currency in circulation (13)                               1,103,279   +      724   +   85,999    1,103,788
Reverse repurchase agreements (14)                            93,393   -      150   +   37,763       91,022
  Foreign official and international accounts                 93,393   -      150   +   37,763       91,022
  Others                                                           0            0            0            0
Treasury cash holdings                                           136   -        3   -       12          133
Deposits with F.R. Banks, other than reserve balances        126,203   -   10,416   +   20,440      111,187
  Term deposits held by depository institutions                    0            0            0            0
  U.S. Treasury, General Account                              99,876   -   13,356   +    8,428      101,035
  U.S. Treasury, Supplementary Financing Account                   0            0   -    5,000            0
  Foreign official                                               154   +       21   +        6          140
  Service-related                                              1,906            0   -      639        1,906
    Required clearing balances                                 1,906            0   -      639        1,906
    Adjustments to compensate for float                            0            0            0            0
  Other                                                       24,266   +    2,918   +   17,644        8,106
Other liabilities and capital (15)                            76,313   +      493   +    2,795       74,653

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,399,323   -    9,353   +  146,983    1,380,783

Reserve balances with Federal Reserve Banks                1,501,812   +    4,541   -   45,424    1,513,760
 
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 16, 2012
Memorandum item                                           May 16, 2012  May 9, 2012 May 18, 2011
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,490,284   -    8,684   +   47,673    3,493,256
  U.S. Treasury securities                                 2,779,062   -    5,306   +   78,710    2,784,825
  Federal agency securities (2)                              711,222   -    3,378   -   31,037      708,431
Securities lent to dealers                                    12,970   -       66   -    8,664       12,986
  Overnight facility (3)                                      12,970   -       66   -    8,664       12,986
    U.S. Treasury securities                                  12,290   -        8   -    8,533       12,408
    Federal agency debt securities                               680   -       59   -      131          578
 
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 16, 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)                                     23        1,465        3,035        1,870            0           ...        6,393
U.S. Treasury securities (2)
  Holdings                                14,643       11,285       49,116      547,665      723,863       310,222    1,656,793
  Weekly changes                      -    2,346   -    2,157   +    6,508   -    2,280   -   13,836    +    4,966   -    9,146
Federal agency debt securities (3)
  Holdings                                   914        4,151       17,048       63,219        6,487         2,347       94,166
  Weekly changes                      -      405   +    1,928   -    1,928   +    2,995   -    2,995             0   -      405
Mortgage-backed securities (4)
  Holdings                                     0            0            2            8           98       858,121      858,229
  Weekly changes                               0            0            0            0   -        2    +   10,404   +   10,403
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)          14,851       11,600            0            0            0             0       26,450

Reverse repurchase agreements (6)         91,022            0          ...          ...          ...           ...       91,022
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 16, 2012 
 
Mortgage-backed securities held outright (1)                                                                             858,229

Commitments to buy mortgage-backed securities (2)                                                                         31,861
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                                                                                                           May 16, 2012 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                              3,853

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                    366
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)                              1,412
 
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 16, 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 16, 2012 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         15,119

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  2,768
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         734
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,609
 
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 16, 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 16, 2012   Wednesday    Wednesday  
Assets, liabilities, and capital                                                       May 9, 2012 May 18, 2011
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,199    -       19   +       50
  Securities, repurchase agreements, and loans                           2,615,582    +      785   +   61,099
    Securities held outright (1)                                         2,609,188    +      852   +   69,685
      U.S. Treasury securities                                           1,656,793    -    9,146   +  161,627
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                     1,561,325    -   10,697   +  153,327
        Notes and bonds, inflation-indexed (2)                              67,654    +    1,328   +    6,650
        Inflation compensation (3)                                           9,392    +      224   +    1,650
      Federal agency debt securities (2)                                    94,166    -      405   -   26,592
      Mortgage-backed securities (4)                                       858,229    +   10,403   -   65,350
    Repurchase agreements (5)                                                    0             0            0
    Loans                                                                    6,393    -       68   -    8,587
  Net portfolio holdings of Maiden Lane LLC (6)                              3,853    -      340   -   20,566
  Net portfolio holdings of Maiden Lane II LLC (7)                              19             0   -   14,965
  Net portfolio holdings of Maiden Lane III LLC (8)                         15,119    -    5,204   -    9,255
  Net portfolio holdings of TALF LLC (9)                                       836             0   +      103
  Items in process of collection                             (97)              174    +        8   -      180
  Bank premises                                                              2,367    +        1   +      157
  Central bank liquidity swaps (10)                                         26,450    -      206   +   26,450
  Other assets (11)                                                        170,463    -    8,192   +   48,225

Total assets                                                 (97)        2,853,300    -   13,166   +   91,118
 
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 16, 2012   Wednesday    Wednesday  
Assets, liabilities, and capital                                                       May 9, 2012 May 18, 2011
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                       1,061,643    -      505   +   85,309
  Reverse repurchase agreements (12)                                        91,022    +    3,243   +   33,596
  Deposits                                                    (0)        1,624,983    -   15,657   -   28,858
    Term deposits held by depository institutions                                0             0            0
    Other deposits held by depository institutions                       1,515,702    +    5,362   -   22,997
    U.S. Treasury, General Account                                         101,035    -    1,768   -    8,585
    U.S. Treasury, Supplementary Financing Account                               0             0   -    5,000
    Foreign official                                                           140    +       12   +       15
    Other                                                     (0)            8,106    -   19,263   +    7,710
  Deferred availability cash items                           (97)              999    -      123   -      374
  Other liabilities and accrued dividends (13)                              20,004    -      219   -      606

Total liabilities                                            (97)        2,798,651    -   13,262   +   89,067

Capital accounts
  Capital paid in                                                           27,325    +       49   +    1,026
  Surplus                                                                   27,325    +       49   +    1,026
  Other capital accounts                                                         0             0            0

Total capital                                                               54,649    +       96   +    2,052
 
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 16, 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                                           2,199          50         107         153         153         393         201         318          32          57         165         206         364
  Securities, repurchase agreements,
     and loans                               2,615,582      63,377   1,469,205      86,254      66,337     185,700     157,316     144,756      40,794      23,736      52,421     101,382     224,304
    Securities held outright (1)             2,609,188      63,372   1,462,853      86,254      66,337     185,700     157,316     144,746      40,792      23,720      52,420     101,381     224,298
      U.S. Treasury securities               1,656,793      40,240     928,889      54,770      42,123     117,916      99,893      91,912      25,902      15,062      33,286      64,375     142,425
        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)                  1,638,371      39,793     918,560      54,161      41,655     116,605      98,782      90,890      25,614      14,894      32,916      63,659     140,842
      Federal agency debt securities (2)        94,166       2,287      52,795       3,113       2,394       6,702       5,678       5,224       1,472         856       1,892       3,659       8,095
      Mortgage-backed securities (4)           858,229      20,845     481,170      28,371      21,820      61,081      51,745      47,611      13,418       7,802      17,242      33,347      73,777
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Loans                                        6,393           4       6,352           0           0           0           0          10           2          16           1           2           6
  Net portfolio holdings of Maiden
     Lane LLC (6)                                3,853           0       3,853           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)                           15,119           0      15,119           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                   272           9           0          64          46           4          55          15          10          11           4           8          45
  Bank premises                                  2,367         122         462          66         124         230         213         203         132         105         256         242         211
  Central bank liquidity swaps (10)             26,450         927       8,532       2,294       1,955       5,471       1,512         706         216         108         263         424       4,041
  Other assets (11)                            170,463       4,445      89,144       7,008       5,569      15,722      10,232       8,715       2,524       1,480       3,188       6,101      16,336
  Interdistrict settlement account                   0   +   5,568   -  10,771   -  15,365   +     550   -   5,537   +   3,657   +   2,236   +   2,043   +   1,014   +       9   +   2,524   +  14,074

Total assets                                 2,853,397      75,102   1,582,149      81,120      75,487     203,284     175,177     158,212      46,213      26,793      56,774     111,894     261,191
 
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 16, 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          1,244,603      47,168     432,403      48,106      61,234     101,993     150,016      95,139      36,138      22,618      37,433      77,790     134,564
    Less: Notes held by F.R. Banks             182,960       5,006      66,343       5,604       7,764      11,791      25,352      12,496       4,308       4,162       3,929      11,841      24,366
      Federal Reserve notes, net             1,061,643      42,162     366,060      42,503      53,470      90,203     124,664      82,643      31,830      18,456      33,505      65,950     110,198
  Reverse repurchase agreements (12)            91,022       2,211      51,032       3,009       2,314       6,478       5,488       5,049       1,423         827       1,829       3,537       7,825
  Deposits                                   1,624,983      27,793   1,131,921      30,729      15,110      94,906      41,207      68,387      12,226       6,960      20,650      41,111     133,983
    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                          1,515,702      27,789   1,022,872      30,718      15,107      94,744      41,204      68,354      12,226       6,960      20,648      41,110     133,971
    U.S. Treasury, General Account             101,035           0     101,035           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                               140           1         113           3           3           8           2           1           0           0           0           1           6
    Other                                        8,106           2       7,902           8           0         154           1          32           0           0           1           1           6
  Deferred availability cash items               1,097          38           0         122          54          24         190          31          95         168          42          68         265
  Interest on Federal Reserve notes due
     to U.S. Treasury (13)                       1,309          26         823          17          18          45          84          83          23          14          26          62          89
  Other liabilities and accrued
     dividends (14)                             18,695         229      14,895         303         279         709         471         422         173         139         179         301         594

Total liabilities                            2,798,748      72,458   1,564,732      76,683      71,246     192,364     172,105     156,615      45,770      26,565      56,229     111,028     252,953

Capital
  Capital paid in                               27,325       1,322       8,708       2,219       2,121       5,460       1,536         798         222         114         272         433       4,119
  Surplus                                       27,325       1,322       8,708       2,219       2,121       5,460       1,536         798         222         114         272         433       4,119
  Other capital                                      0           0           0           0           0           0           0           0           0           0           0           0           0

Total liabilities and capital                2,853,397      75,102   1,582,149      81,120      75,487     203,284     175,177     158,212      46,213      26,793      56,774     111,894     261,191
 
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 16, 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 16, 2012 
 
Federal Reserve notes outstanding                                                          1,244,603
  Less: Notes held by F.R. Banks not subject to collateralization                            182,960
    Federal Reserve notes to be collateralized                                             1,061,643
Collateral held against Federal Reserve notes                                              1,061,643
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                 1,045,406
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,609,188
  Less: Face value of securities under reverse repurchase agreements                          79,115
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,530,073
 
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.