---

`FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                                March 1, 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   Feb 29, 2012
Federal Reserve Banks                                     Feb 29, 2012 Feb 22, 2012  Mar 2, 2011
 
Reserve Bank credit                                        2,908,201   -    9,234   +  389,534    2,908,375
  Securities held outright (1)                             2,602,642   -   10,138   +  284,024    2,603,213
    U.S. Treasury securities                               1,653,961   -    6,213   +  428,973    1,661,601
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                         1,557,676   -    6,188   +  411,601    1,565,224
      Notes and bonds, inflation-indexed (2)                  68,779   +       19   +   14,705       68,888
      Inflation compensation (3)                               9,083   -       44   +    2,668        9,066
    Federal agency debt securities (2)                       100,817            0   -   42,556      100,817
    Mortgage-backed securities (4)                           847,865   -    3,924   -  102,391      840,795
  Repurchase agreements (5)                                        0            0            0            0
  Loans                                                        7,588   -      358   -   12,946        7,580
    Primary credit                                                19   +       15   +        1           15
    Secondary credit                                               0            0            0            0
    Seasonal credit                                                0            0   -        5            0
    Term Asset-Backed Securities Loan Facility (6)             7,569   -      374   -   12,942        7,564
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Maiden Lane LLC (7)                6,495   +       16   -   19,550        6,439
  Net portfolio holdings of Maiden Lane II LLC (8)             6,799   +       85   -    9,237        7,301
  Net portfolio holdings of Maiden Lane III LLC (9)           17,604   +        9   -    5,220       17,611
  Net portfolio holdings of TALF LLC (10)                        825   +        5   +      122          825
  Float                                                         -846   +       62   +      724         -909
  Central bank liquidity swaps (11)                          107,778   -      181   +  107,708      107,763
  Other Federal Reserve assets (12)                          159,317   +    1,267   +   43,909      158,552
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (13)                            44,310   +       14   +      572       44,310

Total factors supplying reserve funds                      2,968,751   -    9,220   +  390,105    2,968,926
 
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   Feb 29, 2012
Federal Reserve Banks                                     Feb 29, 2012 Feb 22, 2012  Mar 2, 2011
 
Currency in circulation (13)                               1,089,200   +      245   +   92,086    1,091,646
Reverse repurchase agreements (14)                            89,804   +      911   +   29,179       87,553
  Foreign official and international accounts                 89,804   +      911   +   29,179       87,553
  Others                                                           0            0            0            0
Treasury cash holdings                                           160   +        3   -       26          161
Deposits with F.R. Banks, other than reserve balances        106,075   +    3,091   -   49,019      109,326
  Term deposits held by depository institutions                    0            0   -    5,070            0
  U.S. Treasury, General Account                              39,475   -   16,320   -    7,583       62,542
  U.S. Treasury, Supplementary Financing Account                   0            0   -   99,980            0
  Foreign official                                               181   +       43   +        3          127
  Service-related                                              1,955   -       16   -      365        1,955
    Required clearing balances                                 1,955   -       16   -      365        1,955
    Adjustments to compensate for float                            0            0            0            0
  Other                                                       64,465   +   19,384   +   63,978       44,702
Other liabilities and capital (15)                            75,494   +      255   +    2,252       75,070

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,360,733   +    4,504   +   74,472    1,363,756

Reserve balances with Federal Reserve Banks                1,608,018   -   13,724   +  315,633    1,605,170
 
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   Feb 29, 2012
Memorandum item                                           Feb 29, 2012 Feb 22, 2012  Mar 2, 2011
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,459,526   -    2,299   +   75,076    3,460,018
  U.S. Treasury securities                                 2,721,132   -    6,660   +   97,506    2,719,219
  Federal agency securities (2)                              738,394   +    4,361   -   22,430      740,799
Securities lent to dealers                                    18,473   -      894   +    4,338       19,263
  Overnight facility (3)                                      18,473   -      894   +    4,338       19,263
    U.S. Treasury securities                                  17,398   -      983   +    4,545       17,884
    Federal agency debt securities                             1,075   +       89   -      207        1,379
 
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,  February 29, 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)                                     15          235        4,726        2,604            0           ...        7,580
U.S. Treasury securities (2)
  Holdings                                16,720       28,228       64,782      600,747      687,885       263,238    1,661,601
  Weekly changes                      +      546   -    2,080   +    5,854   -    2,527   -      641    +    3,867   +    5,020
Federal agency debt securities (3)
  Holdings                                 1,825        5,740       19,664       60,259       10,982         2,347      100,817
  Weekly changes                      +      811   -      811   +    1,025   -    1,025            0             0            0
Mortgage-backed securities (4)
  Holdings                                     0            0            1           11           82       840,701      840,795
  Weekly changes                               0            0            0   -        1   -        1    -   12,248   -   12,250
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)          59,123       48,641            0            0            0             0      107,763

Reverse repurchase agreements (6)         87,553            0          ...          ...          ...           ...       87,553
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                                                                                                           Feb 29, 2012 
 
Mortgage-backed securities held outright (1)                                                                             840,795

Commitments to buy mortgage-backed securities (2)                                                                         39,301
Commitments to sell mortgage-backed securities (2)                                                                             0

Cash and cash equivalents (3)                                                                                                 21
 
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                                                                                                           Feb 29, 2012 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                              6,439

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  3,265
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         761
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,397
 
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
    December 31, 2011. 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                                                                                                           Feb 29, 2012 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                           7,301

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  2,867
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         580
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                    1,112
 
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
    December 31, 2011. 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                                                                                                           Feb 29, 2012 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         17,611

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  8,613
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         712
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,571
 
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
    December 31, 2011. 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                                                                                                           Feb 29, 2012 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       825
Net portfolio holdings of TALF LLC                                                                                           825

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)                                        110
 
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   Feb 29, 2012   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Feb 22, 2012  Mar 2, 2011
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,383    -       23   +      138
  Securities, repurchase agreements, and loans                           2,610,792    -    7,283   +  261,972
    Securities held outright (1)                                         2,603,213    -    7,230   +  274,774
      U.S. Treasury securities                                           1,661,601    +    5,020   +  425,343
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                     1,565,224    +    4,938   +  408,180
        Notes and bonds, inflation-indexed (2)                              68,888    +      128   +   14,531
        Inflation compensation (3)                                           9,066    -       46   +    2,632
      Federal agency debt securities (2)                                   100,817             0   -   42,432
      Mortgage-backed securities (4)                                       840,795    -   12,250   -  108,137
    Repurchase agreements (5)                                                    0             0            0
    Loans                                                                    7,580    -       52   -   12,801
  Net portfolio holdings of Maiden Lane LLC (6)                              6,439    -       65   -   19,623
  Net portfolio holdings of Maiden Lane II LLC (7)                           7,301    +      586   -    8,589
  Net portfolio holdings of Maiden Lane III LLC (8)                         17,611    +        8   -    5,226
  Net portfolio holdings of TALF LLC (9)                                       825             0   +      122
  Items in process of collection                             (65)              154    -       55   -       30
  Bank premises                                                              2,388    +      210   +      175
  Central bank liquidity swaps (10)                                        107,763    -      196   +  107,693
  Other assets (11)                                                        156,146    -      293   +   42,292

Total assets                                                 (65)        2,928,042    -    7,107   +  378,927
 
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   Feb 29, 2012   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Feb 22, 2012  Mar 2, 2011
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                       1,049,876    +    1,872   +   92,163
  Reverse repurchase agreements (12)                                        87,553    -    2,271   +   25,092
  Deposits                                                    (0)        1,714,479    -    6,806   +  260,284
    Term deposits held by depository institutions                                0             0   -    5,070
    Other deposits held by depository institutions                       1,607,107    -   15,693   +  308,399
    U.S. Treasury, General Account                                          62,542    +   26,509   +   13,000
    U.S. Treasury, Supplementary Financing Account                               0             0   -   99,980
    Foreign official                                                           127    -        3   -      252
    Other                                                     (0)           44,702    -   17,620   +   44,185
  Deferred availability cash items                           (65)            1,064    -      578   -    1,148
  Other liabilities and accrued dividends (13)                              20,550    +      750   +    1,070

Total liabilities                                            (65)        2,873,523    -    7,033   +  377,462

Capital accounts
  Capital paid in                                                           27,260    -       37   +      733
  Surplus                                                                   27,260    -       37   +      733
  Other capital accounts                                                         0             0            0

Total capital                                                               54,519    -       75   +    1,465
 
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,  February 29, 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         390       3,866         432         450         872       1,394         854         319         197         318         728       1,217
  Special drawing rights certificate acct.       5,200         196       1,818         210         237         412         654         424         150          90         153         282         574
  Coin                                           2,383          57         119         162         169         421         216         335          35          61         177         237         397
  Securities, repurchase agreements,
     and loans                               2,610,792      64,004   1,218,170      89,176      70,318     300,645     193,530     154,593      49,271      40,014      69,255     102,957     258,860
    Securities held outright (1)             2,603,213      64,004   1,210,606      89,176      70,318     300,645     193,530     154,593      49,271      40,007      69,247     102,957     258,860
      U.S. Treasury securities               1,661,601      40,853     772,716      56,920      44,883     191,898     123,528      98,675      31,449      25,536      44,199      65,716     165,227
        Bills (2)                               18,423         453       8,567         631         498       2,128       1,370       1,094         349         283         490         729       1,832
        Notes and bonds (3)                  1,643,178      40,400     764,148      56,289      44,386     189,770     122,158      97,581      31,100      25,253      43,709      64,988     163,395
      Federal agency debt securities (2)       100,817       2,479      46,884       3,454       2,723      11,643       7,495       5,987       1,908       1,549       2,682       3,987      10,025
      Mortgage-backed securities (4)           840,795      20,672     391,006      28,802      22,712      97,103      62,507      49,931      15,914      12,922      22,366      33,254      83,607
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Loans                                        7,580           0       7,564           0           0           0           0           0           0           7           8           0           0
  Net portfolio holdings of Maiden
     Lane LLC (6)                                6,439           0       6,439           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (7)                             7,301           0       7,301           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (8)                           17,611           0      17,611           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (9)           825           0         825           0           0           0           0           0           0           0           0           0           0
  Items in process of collection                   220           5           0          52          43           4          29          14           5          10           5          11          42
  Bank premises                                  2,388         122         473          67         125         232         213         205         133         105         258         244         212
  Central bank liquidity swaps (10)            107,763       3,778      34,762       9,347       7,967      22,291       6,162       2,875         881         440       1,072       1,726      16,463
  Other assets (11)                            156,146       4,132      68,643       6,837       5,434      20,479      11,179       8,408       2,699       2,143       3,730       5,581      16,880
  Interdistrict settlement account                   0   -   1,006   + 270,195   -   9,135   -   8,527   - 134,385   -  35,575   -   5,364   -   4,830   -  14,014   -  16,759   -   2,533   -  38,066

Total assets                                 2,928,107      71,678   1,630,223      97,148      76,217     210,971     177,801     162,344      48,663      29,045      58,208     109,233     256,578
 
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,  February 29, 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          1,226,129      44,180     438,348      47,337      60,093     101,280     143,536      87,936      33,558      22,021      34,161      79,267     134,412
    Less: Notes held by F.R. Banks             176,253       4,721      59,381       6,303       8,016      11,428      25,983      11,599       3,972       4,743       3,871      11,386      24,850
      Federal Reserve notes, net             1,049,876      39,459     378,968      41,035      52,076      89,851     117,553      76,337      29,586      17,278      30,289      67,881     109,562
  Reverse repurchase agreements (12)            87,553       2,153      40,716       2,999       2,365      10,112       6,509       5,199       1,657       1,346       2,329       3,463       8,706
  Deposits                                   1,714,479      27,343   1,177,139      48,021      17,335      98,865      49,872      78,826      16,745       9,794      24,787      36,610     129,143
    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                          1,607,107      27,340   1,069,978      48,001      17,332      98,749      49,870      78,796      16,744       9,768      24,786      36,608     129,136
    U.S. Treasury, General Account              62,542           0      62,542           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                               127           1         100           3           3           8           2           1           0           0           0           1           6
    Other                                       44,702           2      44,519          16           0         108           0          29           0          25           1           1           1
  Deferred availability cash items               1,129          37           0         101         140          21         237          26          27         230          32          65         213
  Interest on Federal Reserve notes due
     to U.S. Treasury (13)                       2,172        -157       1,349          64          43         225         151         114          36          29          53          74         191
  Other liabilities and accrued
     dividends (14)                             18,379         198      14,711         262         248         762         475         405         173         149         181         277         537

Total liabilities                            2,873,588      69,033   1,612,883      92,481      72,207     199,835     174,797     160,908      48,223      28,826      57,671     108,370     248,352

Capital
  Capital paid in                               27,260       1,322       8,670       2,333       2,005       5,568       1,502         718         220         109         268         432       4,113
  Surplus                                       27,260       1,322       8,670       2,333       2,005       5,568       1,502         718         220         109         268         432       4,113
  Other capital                                      0           0           0           0           0           0           0           0           0           0           0           0           0

Total liabilities and capital                2,928,107      71,678   1,630,223      97,148      76,217     210,971     177,801     162,344      48,663      29,045      58,208     109,233     256,578
 
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,  February 29, 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                                                       Feb 29, 2012 
 
Federal Reserve notes outstanding                                                          1,226,129
  Less: Notes held by F.R. Banks not subject to collateralization                            176,253
    Federal Reserve notes to be collateralized                                             1,049,876
Collateral held against Federal Reserve notes                                              1,049,876
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                 1,033,639
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,603,213
  Less: Face value of securities under reverse repurchase agreements                          76,378
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,526,835
 
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.`

Statistical releases

---

Home Economic research and data  Accessibility Contact Us  Last update: March 1, 2012