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`FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                            December 29, 2011
 
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   Dec 28, 2011
Federal Reserve Banks                                     Dec 28, 2011 Dec 21, 2011 Dec 29, 2010
 
Reserve Bank credit                                        2,920,316   +   35,371   +  512,794    2,908,581
  Securities held outright (1)                             2,623,796   -    4,864   +  464,619    2,613,382
    U.S. Treasury securities                               1,671,444   -    2,393   +  661,159    1,672,092
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                         1,574,925   -    2,355   +  637,359    1,575,584
      Notes and bonds, inflation-indexed (2)                  68,468            0   +   20,343       68,468
      Inflation compensation (3)                               9,628   -       39   +    3,456        9,617
    Federal agency debt securities (2)                       104,596   -      100   -   42,864      103,994
    Mortgage-backed securities (4)                           847,756   -    2,371   -  153,676      837,295
  Repurchase agreements (5)                                        0            0            0            0
  Loans                                                        9,108   -      440   -   36,004        9,082
    Primary credit                                                12   -        1   -       40           42
    Secondary credit                                               1   +        1   -       14            0
    Seasonal credit                                               26            0   +        2           28
    Credit extended to American International
       Group, Inc., net (6)                                        0            0   -   20,278            0
    Term Asset-Backed Securities Loan Facility (7)             9,069   -      440   -   15,674        9,013
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Maiden Lane LLC (8)                7,234   +       20   -   19,701        7,228
  Net portfolio holdings of Maiden Lane II LLC (9)             9,249   +       10   -    6,908        9,281
  Net portfolio holdings of Maiden Lane III LLC (10)          17,734   +       13   -    5,397       17,739
  Net portfolio holdings of TALF LLC (11)                        811   +        7   +      146          811
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (6)                                              0            0   -   26,057            0
  Float                                                         -654   +      215   +      758       -1,136
  Central bank liquidity swaps (12)                           99,823   +   37,224   +   99,748       99,823
  Other Federal Reserve assets (13)                          153,216   +    3,188   +   41,592      152,371
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (14)                            44,250   +       14   +      711       44,250

Total factors supplying reserve funds                      2,980,807   +   35,385   +  513,506    2,969,071
 
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   Dec 28, 2011
Federal Reserve Banks                                     Dec 28, 2011 Dec 21, 2011 Dec 29, 2010
 
Currency in circulation (14)                               1,073,645   +    7,150   +   89,974    1,076,340
Reverse repurchase agreements (15)                            90,843   +    3,616   +   35,080       88,674
  Foreign official and international accounts                 90,843   +    3,616   +   35,080       88,674
  Others                                                           0            0            0            0
Treasury cash holdings                                           121   +        5   -       63          128
Deposits with F.R. Banks, other than reserve balances        208,803   -      310   -   91,427      165,149
  Term deposits held by depository institutions                    0            0   -    5,113            0
  U.S. Treasury, General Account                              98,652   -   13,752   +   11,180       91,418
  U.S. Treasury, Supplementary Financing Account                   0            0   -  199,963            0
  Foreign official                                               178   -       12   -    3,971          378
  Service-related                                              2,488   -        1   +      133        2,488
    Required clearing balances                                 2,488   -        1   +      133        2,488
    Adjustments to compensate for float                            0            0            0            0
  Other                                                      107,484   +   13,454   +  106,305       70,866
Funds from American International Group, Inc. asset
   dispositions, held as agent (6)                                 0            0   -   26,896            0
Other liabilities and capital (16)                            72,989   +      487   -      468       71,870

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,446,401   +   10,948   +    6,199    1,402,160

Reserve balances with Federal Reserve Banks                1,534,406   +   24,438   +  507,307    1,566,911
 
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. As a result of the closing of the American International Group, Inc. (AIG) recapitalization plan on
   January 14, 2011, the credit extended to AIG was fully repaid and the Federal Reserve's commitment to lend
   any further funds was terminated. In addition, the Federal Reserve Bank of New York (FRBNY) has been paid
   in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. The funds from AIG asset
   dispositions that FRBNY held as agent were the source of repayment of the credit extended to AIG, as well
   as a portion of the FRBNY's preferred interests in ALICO Holdings LLC. The remaining FRBNY preferred
   interests in ALICO Holdings LLC and AIA Aurora LLC, valued at approximately $20 billion, were purchased by
   AIG through a draw on the Treasury's Series F preferred stock commitment and then transferred by AIG to
   the Treasury as consideration for the draw on the available Series F funds.
7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term
   Asset-Backed Securities Loan Facility.
8. Refer to table 4 and the note on consolidation accompanying table 9.
9.  Refer to table 5 and the note on consolidation accompanying table 9.
10. Refer to table 6 and the note on consolidation accompanying table 9.
11. Refer to table 7 and the note on consolidation accompanying table 9.
12. 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.
13. 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. Before the closing of the AIG recapitalization plan on
    January 14, 2011, included accrued dividends on the FRBNY's preferred interests in AIA Aurora LLC and
    ALICO Holdings LLC.
14. Estimated.
15. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
    securities, and mortgage-backed securities.
16. 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   Dec 28, 2011
Memorandum item                                           Dec 28, 2011 Dec 21, 2011 Dec 29, 2010
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,420,192   -   20,282   +   69,867    3,411,007
  U.S. Treasury securities                                 2,688,487   -   24,281   +   72,100    2,679,204
  Federal agency securities (2)                              731,705   +    3,999   -    2,233      731,803
Securities lent to dealers                                    16,244   +    1,443   +    5,614       14,009
  Overnight facility (3)                                      16,244   +    1,443   +    5,614       14,009
    U.S. Treasury securities                                  14,993   +    1,335   +    5,612       12,794
    Federal agency debt securities                             1,251   +      108   +        2        1,215
 
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,  December 28, 2011
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)                                     70            1        4,355        4,657            0           ...        9,082
U.S. Treasury securities (2)
  Holdings                                17,847       25,506       87,285      650,378      660,486       230,591    1,672,092
  Weekly changes                      +    2,156   -    2,156   -        2   -   16,743   +    4,607    -       19   -   12,157
Federal agency debt securities (3)
  Holdings                                 1,751        5,765       19,695       60,603       13,833         2,347      103,994
  Weekly changes                      +    1,049   +      763   -       14   -    2,500            0             0   -      702
Mortgage-backed securities (4)
  Holdings                                     0            0            0           13           34       837,248      837,295
  Weekly changes                               0            0            0   -        1            0    -   14,429   -   14,431
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)          43,712       56,111            0            0            0             0       99,823

Reverse repurchase agreements (6)         88,674            0          ...          ...          ...           ...       88,674
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                                                                                                           Dec 28, 2011 
 
Mortgage-backed securities held outright (1)                                                                             837,295

Commitments to buy mortgage-backed securities (2)                                                                         39,970
Commitments to sell mortgage-backed securities (2)                                                                         4,350

Cash and cash equivalents (3)                                                                                                293
 
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                                                                                                           Dec 28, 2011 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                              7,228

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  4,104
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         755
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,384
 
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
   September 30, 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                                                                                                           Dec 28, 2011 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                           9,281

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  6,223
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         568
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                    1,106
 
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
   September 30, 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                                                                                                           Dec 28, 2011 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         17,739

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  9,134
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         691
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,540
 
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
   September 30, 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                                                                                                           Dec 28, 2011 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       811
Net portfolio holdings of TALF LLC                                                                                           811

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)                                        109
 
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   Dec 28, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Dec 21, 2011 Dec 29, 2010
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,306    +        9   +      142
  Securities, repurchase agreements, and loans                           2,622,464    -   27,721   +  421,677
    Securities held outright (1)                                         2,613,382    -   27,289   +  457,679
      U.S. Treasury securities                                           1,672,092    -   12,157   +  655,990
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                     1,575,584    -   12,121   +  632,207
        Notes and bonds, inflation-indexed (2)                              68,468             0   +   20,343
        Inflation compensation (3)                                           9,617    -       36   +    3,439
      Federal agency debt securities (2)                                   103,994    -      702   -   43,466
      Mortgage-backed securities (4)                                       837,295    -   14,431   -  154,846
    Repurchase agreements (5)                                                    0             0            0
    Loans                                                                    9,082    -      432   -   36,002
  Net portfolio holdings of Maiden Lane LLC (6)                              7,228    -        7   -   19,746
  Net portfolio holdings of Maiden Lane II LLC (7)                           9,281    +       38   -    6,916
  Net portfolio holdings of Maiden Lane III LLC (8)                         17,739    +        6   -    5,403
  Net portfolio holdings of TALF LLC (9)                                       811             0   +      146
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (10)                                                           0             0   -   26,057
  Items in process of collection                            (100)              358    +      167   +      133
  Bank premises                                                              2,188    +        1   -       41
  Central bank liquidity swaps (11)                                         99,823    +   37,224   +   99,748
  Other assets (12)                                                        150,051    +      264   +   41,344

Total assets                                                (100)        2,928,485    +    9,979   +  505,028
 
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   Dec 28, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Dec 21, 2011 Dec 29, 2010
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                       1,034,520    +    6,004   +   90,771
  Reverse repurchase agreements (13)                                        88,674    -    1,396   +   29,428
  Deposits                                                    (0)        1,731,928    +    5,335   +  413,173
    Term deposits held by depository institutions                                0             0   -    5,113
    Other deposits held by depository institutions                       1,569,267    +   62,708   +  548,541
    U.S. Treasury, General Account                                          91,418    -   15,174   +    2,513
    U.S. Treasury, Supplementary Financing Account                               0             0   -  199,963
    Foreign official                                                           378    -       48   -    3,292
    Other                                                     (0)           70,866    -   42,150   +   70,488
  Deferred availability cash items                          (100)            1,494    +      242   -      356
  Other liabilities and accrued dividends (14)                              18,071    -      120   -   25,185

Total liabilities                                           (100)        2,874,686    +   10,063   +  507,831

Capital accounts
  Capital paid in                                                           26,900    -       41   +      375
  Surplus                                                                   26,900    -       41   +      949
  Other capital accounts                                                         0             0   -    4,126

Total capital                                                               53,799    -       84   -    2,803
 
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. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank
    of New York has been paid in full for its	preferred interests in AIA Aurora LLC and ALICO Holdings LLC. A
    portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were
    held as agent by the Federal Reserve.
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 Federal Reserve Bank of New York (FRBNY) to
    eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG
    recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY's preferred interests in
    AIA Aurora LLC and ALICO Holdings LLC.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
    securities, and mortgage-backed securities.
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
    accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S.
    Treasury. Before the closing of the AIG recapitalization plan on January 14, 2011, included funds from
    American International Group, Inc. asset dispositions, held as agent.


 
9. Statement of Condition of Each Federal Reserve Bank,  December 28, 2011
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                                           2,306          52          81         160         172         408         206         333          35          60         176         242         382
  Securities, repurchase agreements,
     and loans                               2,622,464      64,254   1,224,357      89,524      70,593     301,834     194,288     155,218      49,466      40,169      69,530     103,360     259,871
    Securities held outright (1)             2,613,382      64,254   1,215,335      89,524      70,593     301,819     194,286     155,197      49,464      40,164      69,517     103,359     259,871
      U.S. Treasury securities               1,672,092      41,111     777,595      57,279      45,167     193,110     124,308      99,298      31,648      25,698      44,479      66,131     166,270
        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)                  1,653,669      40,658     769,027      56,648      44,669     190,982     122,938      98,204      31,299      25,414      43,988      65,403     164,438
      Federal agency debt securities (2)       103,994       2,557      48,362       3,562       2,809      12,010       7,731       6,176       1,968       1,598       2,766       4,113      10,341
      Mortgage-backed securities (4)           837,295      20,586     389,378      28,682      22,617      96,699      62,247      49,723      15,848      12,868      22,272      33,115      83,259
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Loans                                        9,082           0       9,023           0           0          15           2          21           2           6          13           1           0
  Net portfolio holdings of Maiden
     Lane LLC (6)                                7,228           0       7,228           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (7)                             9,281           0       9,281           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (8)                           17,739           0      17,739           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (9)           811           0         811           0           0           0           0           0           0           0           0           0           0
  Preferred interests in AIA Aurora LLC
     and ALICO Holdings LLC (10)                     0           0           0           0           0           0           0           0           0           0           0           0           0
  Items in process of collection                   458          10           0         112          81           5          51          21           6          15           7          16         133
  Bank premises                                  2,188         121         263          67         126         232         215         207         134         105         259         246         213
  Central bank liquidity swaps (11)             99,823       3,450      28,912       9,669       7,405      20,469       5,720       2,529         814       3,083         899       1,512      15,361
  Other assets (12)                            150,051       3,975      65,018       6,772       5,282      19,698      10,737       8,019       2,584       2,745       3,546       5,365      16,311
  Interdistrict settlement account                   0   +  12,144   + 325,079   -  30,728   -  11,961   - 115,811   -  47,830   -  16,759   -   9,399   -  19,646   -  18,587   -     411   -  66,092

Total assets                                 2,928,585      84,591   1,684,452      76,219      72,385     228,120     165,435     150,847      44,108      26,819      56,300     111,340     227,970
 
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,  December 28, 2011 (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          1,206,576      44,324     427,359      46,186      54,301      94,686     144,990      89,305      33,965      21,031      34,639      80,275     135,514
    Less: Notes held by F.R. Banks             172,056       4,261      50,670       6,341       9,156      10,729      28,590      12,043       3,967       5,118       3,428      11,881      25,873
      Federal Reserve notes, net             1,034,520      40,063     376,689      39,845      45,145      83,958     116,400      77,262      29,998      15,913      31,211      68,394     109,641
  Reverse repurchase agreements (13)            88,674       2,180      41,237       3,038       2,395      10,241       6,592       5,266       1,678       1,363       2,359       3,507       8,818
  Deposits                                   1,731,928      40,146   1,235,556      28,164      20,334     121,838      38,690      66,292      11,734       8,858      21,924      38,168     100,225
    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                          1,569,267      40,102   1,073,095      28,156      20,331     121,747      38,687      66,256      11,733       8,856      21,920      38,166     100,219
    U.S. Treasury, General Account              91,418           0      91,418           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                               378           1         349           4           3           8           2           1           0           1           0           1           6
    Other                                       70,866          42      70,695           4           1          83           0          35           0           1           4           1           1
  Deferred availability cash items               1,594          84           0         181         206          44         118          87          62         304          65          81         363
  Interest on Federal Reserve notes due
     to U.S. Treasury (14)                       1,351          25         649          37          29         117         104         123          31          21          37          56         122
  Other liabilities and accrued
     dividends (15)                             16,719         208      12,966         288         298         794         455         381         165         140         169         273         583

Total liabilities                            2,874,786      82,705   1,667,098      71,553      68,408     216,991     162,359     149,410      43,669      26,599      55,765     110,479     219,751

Capital
  Capital paid in                               26,900         943       8,677       2,333       1,989       5,564       1,538         718         220         110         268         431       4,109
  Surplus                                       26,900         943       8,677       2,333       1,989       5,564       1,538         718         220         110         268         431       4,109
  Other capital                                      0           0           0           0           0           0           0           0           0           0           0           0           0

Total liabilities and capital                2,928,585      84,591   1,684,452      76,219      72,385     228,120     165,435     150,847      44,108      26,819      56,300     111,340     227,970
 
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,  December 28, 2011 (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. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank of New York has been paid in full for its preferred interests in AIA Aurora LLC and ALICO
    Holdings LLC. A portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were held as agent by the Federal Reserve.
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 Federal Reserve Bank of New York
    (FRBNY) to eligible	borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on January 14, 2011, included accrued dividends on the
    FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
14. 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.
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 below. Before the closing of the AIG recapitalization plan on January 14,
    2011, included funds from American International Group, Inc. asset dispositions, held as agent.


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                                                       Dec 28, 2011 
 
Federal Reserve notes outstanding                                                          1,206,576
  Less: Notes held by F.R. Banks not subject to collateralization                            172,056
    Federal Reserve notes to be collateralized                                             1,034,520
Collateral held against Federal Reserve notes                                              1,034,520
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                 1,018,283
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,613,382
  Less: Face value of securities under reverse repurchase agreements                          76,704
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,536,678
 
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

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