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<FONT SIZE=+1><I>Release Date: July 19, 2012</I></FONT><BR>

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<PRE>For release at
4:30 P.M. EDT
July 19, 2012

As stated in the press release on April 5, 2012, the Federal Reserve Board is in the process of
simplifying the administration of reserve requirements.  The first steps in this process include
discontinuing as-of adjustments related to deposit revisions, replacing all other as-of adjustments
with direct compensation, and eliminating the contractual clearing balance program.  As a result, the
Wednesday levels for line items "Required clearing balances" and "Adjustments to compensate for
float" will be reported as zero beginning with the July 19, 2012, release.


FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                                July 19, 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   Jul 18, 2012
Federal Reserve Banks                                     Jul 18, 2012 Jul 11, 2012 Jul 20, 2011
 
Reserve Bank credit                                        2,857,227   +    8,166   +    2,371    2,842,008
  Securities held outright (1)                             2,612,597   +    2,120   -   38,839    2,602,738
    U.S. Treasury securities                               1,654,395   -    9,554   +   22,594    1,648,694
      Bills (2)                                                8,356   -    6,285   -   10,067        8,356
      Notes and bonds, nominal (2)                         1,566,921   -    4,428   +   28,266    1,561,338
      Notes and bonds, inflation-indexed (2)                  69,172   +    1,068   +    3,651       69,086
      Inflation compensation (3)                               9,946   +       91   +      743        9,914
    Federal agency debt securities (2)                        91,289   -      195   -   23,338       91,029
    Mortgage-backed securities (4)                           866,913   +   11,869   -   38,095      863,015
  Repurchase agreements (5)                                        0            0            0            0
  Loans                                                        4,624   +       32   -    7,880        4,568
    Primary credit                                                65   +       57   +       59           23
    Secondary credit                                               0            0            0            0
    Seasonal credit                                               94   +       14   +       18          107
    Term Asset-Backed Securities Loan Facility (6)             4,465   -       39   -    7,957        4,438
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Maiden Lane LLC (7)                2,366   -       52   -   18,807        2,028
  Net portfolio holdings of Maiden Lane II LLC (8)                18            0   -   11,436           18
  Net portfolio holdings of Maiden Lane III LLC (9)           11,765   -    1,187   -   11,869        6,164
  Net portfolio holdings of TALF LLC (10)                        845            0   +       88          845
  Float                                                         -649   +      100   +      426         -779
  Central bank liquidity swaps (11)                           30,552   +      844   +   30,552       30,552
  Other Federal Reserve assets (12)                          195,108   +    6,309   +   60,135      195,875
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (13)                            44,599   +       14   +      620       44,599

Total factors supplying reserve funds                      2,918,067   +    8,180   +    2,991    2,902,848
 
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   Jul 18, 2012
Federal Reserve Banks                                     Jul 18, 2012 Jul 11, 2012 Jul 20, 2011
 
Currency in circulation (13)                               1,113,126   -    4,043   +   84,802    1,112,601
Reverse repurchase agreements (14)                            90,915   +      988   +   25,209       87,994
  Foreign official and international accounts                 90,915   +      988   +   25,209       87,994
  Others                                                           0            0            0            0
Treasury cash holdings                                           116   -        1   -       37          117
Deposits with F.R. Banks, other than reserve balances         98,797   -   14,851   -   12,556       93,296
  Term deposits held by depository institutions                    0            0            0            0
  U.S. Treasury, General Account                              63,021   -   23,379   -   27,698       58,670
  U.S. Treasury, Supplementary Financing Account                   0            0   -    5,000            0
  Foreign official                                             2,568   +      576   +    2,426        2,576
  Service-related                                                  0   -    1,892   -    2,530            0
    Required clearing balances                                     0   -    1,892   -    2,530            0
    Adjustments to compensate for float                            0            0            0            0
  Other                                                       33,207   +    9,844   +   20,245       32,050
Other liabilities and capital (15)                            75,203   +      189   +    2,725       68,151

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,378,158   -   17,717   +  100,144    1,362,159

Reserve balances with Federal Reserve Banks                1,539,909   +   25,898   -   97,153    1,540,689
 
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   Jul 18, 2012
Memorandum item                                           Jul 18, 2012 Jul 11, 2012 Jul 20, 2011
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,515,368   +    1,685   +   61,423    3,515,248
  U.S. Treasury securities                                 2,821,917   +    5,633   +  102,028    2,822,728
  Federal agency securities (2)                              693,451   -    3,948   -   40,605      692,521
Securities lent to dealers                                    11,458   -    1,519   -    2,953       10,553
  Overnight facility (3)                                      11,458   -    1,519   -    2,953       10,553
    U.S. Treasury securities                                  10,720   -    1,537   -    3,088        9,803
    Federal agency debt securities                               738   +       19   +      135          750
 
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,      July 18, 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)                                    111        1,501        1,392        1,564            0           ...        4,568
U.S. Treasury securities (2)
  Holdings                                 9,995       12,588       12,604      512,408      757,892       343,207    1,648,694
  Weekly changes                      -    4,840   -    1,639   +        1   -   14,661   +    3,563    +    3,634   -   13,943
Federal agency debt securities (3)
  Holdings                                     0        8,283       16,225       58,424        5,750         2,347       91,029
  Weekly changes                      -      455   +      659   +    2,000   -    2,659            0             0   -      455
Mortgage-backed securities (4)
  Holdings                                     0            0            2            6          159       862,849      863,015
  Weekly changes                               0            0            0            0   +       38    +    7,924   +    7,961
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)          10,342       20,210            0            0            0             0       30,552

Reverse repurchase agreements (6)         87,994            0          ...          ...          ...           ...       87,994
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                                                                                                           Jul 18, 2012 
 
Mortgage-backed securities held outright (1)                                                                             863,015

Commitments to buy mortgage-backed securities (2)                                                                         30,102
Commitments to sell mortgage-backed securities (2)                                                                             0

Cash and cash equivalents (3)                                                                                                237
 
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                                                                                                           Jul 18, 2012 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                              2,028

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                      0
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                           0
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                704
 
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                                                                                                           Jul 18, 2012 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                              18

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                      0
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                           0
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                        0
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
       March 31, 2012. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of
   American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued
   interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table
   8 and table 9.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential
mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group,
Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred
payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.

 
6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Jul 18, 2012 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                          6,164

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                      0
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                           0
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                    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 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                                                                                                           Jul 18, 2012 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       845
Net portfolio holdings of TALF LLC                                                                                           845

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 $1.4 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   Jul 18, 2012   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Jul 11, 2012 Jul 20, 2011
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,103    +        6   -       64
  Securities, repurchase agreements, and loans                           2,607,306    -    6,460   -   57,536
    Securities held outright (1)                                         2,602,738    -    6,437   -   49,573
      U.S. Treasury securities                                           1,648,694    -   13,943   +   14,601
        Bills (2)                                                            8,356    -    6,285   -   10,067
        Notes and bonds, nominal (2)                                     1,561,338    -    7,443   +   20,421
        Notes and bonds, inflation-indexed (2)                              69,086    -      151   +    3,565
        Inflation compensation (3)                                           9,914    -       64   +      682
      Federal agency debt securities (2)                                    91,029    -      455   -   23,007
      Mortgage-backed securities (4)                                       863,015    +    7,961   -   41,167
    Repurchase agreements (5)                                                    0             0            0
    Loans                                                                    4,568    -       22   -    7,963
  Net portfolio holdings of Maiden Lane LLC (6)                              2,028    -      395   -   18,716
  Net portfolio holdings of Maiden Lane II LLC (7)                              18             0   -   11,443
  Net portfolio holdings of Maiden Lane III LLC (8)                          6,164    -    6,823   -   17,354
  Net portfolio holdings of TALF LLC (9)                                       845             0   +       88
  Items in process of collection                             (64)              149    +       25   -      115
  Bank premises                                                              2,359    +        1   +      158
  Central bank liquidity swaps (10)                                         30,552    +      844   +   30,552
  Other assets (11)                                                        190,114    +    2,291   +   57,095

Total assets                                                 (64)        2,857,874    -   10,513   -   17,337
 
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   Jul 18, 2012   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Jul 11, 2012 Jul 20, 2011
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                       1,070,218    -    3,514   +   82,594
  Reverse repurchase agreements (12)                                        87,994    -    1,695   +   23,299
  Deposits                                                    (0)        1,630,583    +      349   -  119,234
    Term deposits held by depository institutions                                0             0            0
    Other deposits held by depository institutions                       1,537,287    +    9,731   -   89,910
    U.S. Treasury, General Account                                          58,670    -   16,617   -   37,752
    U.S. Treasury, Supplementary Financing Account                               0             0   -    5,000
    Foreign official                                                         2,576    +       10   +    2,398
    Other                                                     (0)           32,050    +    7,225   +   11,030
  Deferred availability cash items                           (64)              928    -       27   -      389
  Other liabilities and accrued dividends (13)                              13,474    -    5,630   -    6,611

Total liabilities                                            (64)        2,803,198    -   10,515   -   20,340

Capital accounts
  Capital paid in                                                           27,338    +        1   +    1,502
  Surplus                                                                   27,338    +        1   +    1,502
  Other capital accounts                                                         0             0            0

Total capital                                                               54,676    +        2   +    3,003
 
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,      July 18, 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                                           2,103          40          84         144         146         380         196         311          34          52         162         204         350
  Securities, repurchase agreements,
     and loans                               2,607,306      63,216   1,463,675      86,041      66,173     185,241     156,943     144,399      40,718      23,712      52,297     101,139     223,753
    Securities held outright (1)             2,602,738      63,216   1,459,237      86,041      66,173     185,241     156,927     144,389      40,691      23,661      52,290     101,130     223,743
      U.S. Treasury securities               1,648,694      40,044     924,347      54,502      41,917     117,340      99,405      91,462      25,776      14,988      33,123      64,060     141,729
        Bills (2)                                8,356         203       4,685         276         212         595         504         464         131          76         168         325         718
        Notes and bonds (3)                  1,640,338      39,841     919,663      54,226      41,705     116,745      98,901      90,999      25,645      14,912      32,955      63,736     141,011
      Federal agency debt securities (2)        91,029       2,211      51,036       3,009       2,314       6,479       5,488       5,050       1,423         828       1,829       3,537       7,825
      Mortgage-backed securities (4)           863,015      20,961     483,853      28,529      21,942      61,422      52,034      47,876      13,492       7,846      17,338      33,533      74,189
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Loans                                        4,568           0       4,438           0           0           0          16          11          27          51           7           9          10
  Net portfolio holdings of Maiden
     Lane LLC (6)                                2,028           0       2,028           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (7)                                18           0          18           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (8)                            6,164           0       6,164           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (9)           845           0         845           0           0           0           0           0           0           0           0           0           0
  Items in process of collection                   213           3           0          46          29           3          57          13           6           7           3           9          36
  Bank premises                                  2,359         122         459          67         123         230         212         203         132         104         255         242         211
  Central bank liquidity swaps (10)             30,552       1,071       9,855       2,650       2,259       6,320       1,747         815         250         125         304         489       4,667
  Other assets (11)                            190,114       4,918     100,233       7,641       6,056      17,082      11,416       9,813       2,826       1,658       3,586       6,879      18,007
  Interdistrict settlement account                   0   +   8,034   +  15,271   -  18,087   -   2,393   -  19,006   +  15,227   +     593   +   2,283   +   1,020   -   2,394   -   1,710   +   1,162

Total assets                                 2,857,938      78,006   1,604,273      79,149      73,145     191,551     187,789     157,410      46,712      26,960      54,681     108,260     250,003
 
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,      July 18, 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          1,268,145      46,216     440,963      47,165      61,260     101,941     167,885      93,905      37,638      22,621      36,727      77,241     134,583
    Less: Notes held by F.R. Banks             197,927       4,868      76,368       5,446       7,866      12,466      28,305      12,923       4,282       3,451       3,635      13,582      24,735
      Federal Reserve notes, net             1,070,218      41,349     364,595      41,719      53,395      89,475     139,580      80,982      33,356      19,171      33,092      63,659     109,848
  Reverse repurchase agreements (12)            87,994       2,137      49,334       2,909       2,237       6,263       5,305       4,882       1,376         800       1,768       3,419       7,564
  Deposits                                   1,630,583      31,590   1,163,575      29,774      12,936      84,123      39,103      69,430      11,264       6,460      19,046      39,870     123,412
    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                          1,537,287      31,586   1,070,409      29,767      12,933      84,053      39,096      69,403      11,263       6,460      19,045      39,868     123,405
    U.S. Treasury, General Account              58,670           0      58,670           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                             2,576           1       2,549           3           3           8           2           1           0           0           0           1           6
    Other                                       32,050           3      31,947           4           0          62           5          25           0           0           1           2           1
  Deferred availability cash items                 992          31           0         104          50          17         159          26          76         149          29          70         281
  Interest on Federal Reserve notes due
     to U.S. Treasury (13)                       1,754          37         987          64          50         141         105          89          25           7          29          63         158
  Other liabilities and accrued
     dividends (14)                             11,720         202       8,328         253         235         597         436         398         170         145         170         288         500

Total liabilities                            2,803,262      75,346   1,586,820      74,822      68,903     180,614     184,688     155,806      46,265      26,732      54,134     107,369     241,763

Capital
  Capital paid in                               27,338       1,330       8,727       2,164       2,121       5,468       1,551         802         223         114         273         445       4,120
  Surplus                                       27,338       1,330       8,727       2,164       2,121       5,468       1,551         802         223         114         273         445       4,120
  Other capital                                      0           0           0           0           0           0           0           0           0           0           0           0           0

Total liabilities and capital                2,857,938      78,006   1,604,273      79,149      73,145     191,551     187,789     157,410      46,712      26,960      54,681     108,260     250,003
 
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,      July 18, 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                                                       Jul 18, 2012 
 
Federal Reserve notes outstanding                                                          1,268,145
  Less: Notes held by F.R. Banks not subject to collateralization                            197,927
    Federal Reserve notes to be collateralized                                             1,070,218
Collateral held against Federal Reserve notes                                              1,070,218
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                 1,053,981
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,602,738
  Less: Face value of securities under reverse repurchase agreements                          74,160
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,528,578
 
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.
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