---

`FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                                  May 3, 2012
 
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                         Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended   Change from week ended    May 2, 2012
Federal Reserve Banks                                      May 2, 2012 Apr 25, 2012  May 4, 2011
 
Reserve Bank credit                                        2,845,858   -   14,577   +  158,992    2,846,985
  Securities held outright (1)                             2,609,268   -   13,422   +  131,855    2,610,021
    U.S. Treasury securities                               1,666,892   -      152   +  241,618    1,667,630
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                         1,571,813   -      419   +  230,022    1,572,264
      Notes and bonds, inflation-indexed (2)                  67,420   +      184   +    9,355       67,666
      Inflation compensation (3)                               9,236   +       82   +    2,241        9,277
    Federal agency debt securities (2)                        94,571   -       90   -   30,547       94,571
    Mortgage-backed securities (4)                           847,805   -   13,180   -   79,216      847,820
  Repurchase agreements (5)                                        0            0            0            0
  Loans                                                        6,628   +        2   -    9,980        6,801
    Primary credit                                                83   +       75   +       72          300
    Secondary credit                                               0            0   -        1            0
    Seasonal credit                                               14   +        3   +        2           24
    Term Asset-Backed Securities Loan Facility (6)             6,531   -       77   -   10,053        6,477
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Maiden Lane LLC (7)                4,176   +      118   -   20,595        4,183
  Net portfolio holdings of Maiden Lane II LLC (8)                19            0   -   16,069           19
  Net portfolio holdings of Maiden Lane III LLC (9)           19,975   +    2,320   -    4,598       20,207
  Net portfolio holdings of TALF LLC (10)                        836   +        1   +      103          836
  Float                                                         -864   -      258   +      220         -851
  Central bank liquidity swaps (11)                           27,951   -    4,020   +   27,951       27,256
  Other Federal Reserve assets (12)                          177,870   +      684   +   50,106      178,512
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (13)                            44,385   +       14   +      531       44,385

Total factors supplying reserve funds                      2,906,484   -   14,563   +  159,524    2,907,612
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                         Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended   Change from week ended    May 2, 2012
Federal Reserve Banks                                      May 2, 2012 Apr 25, 2012  May 4, 2011
 
Currency in circulation (13)                               1,100,493   +    1,250   +   85,904    1,102,654
Reverse repurchase agreements (14)                            97,946   +    8,581   +   38,868       90,336
  Foreign official and international accounts                 97,946   +    8,581   +   38,868       90,336
  Others                                                           0            0            0            0
Treasury cash holdings                                           140   -        1   -       21          139
Deposits with F.R. Banks, other than reserve balances        138,237   +   20,278   +    8,299      158,368
  Term deposits held by depository institutions                    0            0   -    5,081            0
  U.S. Treasury, General Account                             120,748   +   42,250   +    5,722      136,746
  U.S. Treasury, Supplementary Financing Account                   0            0   -    5,000            0
  Foreign official                                               138   +        8   +        6          137
  Service-related                                              1,927            0   -      619        1,927
    Required clearing balances                                 1,927            0   -      619        1,927
    Adjustments to compensate for float                            0            0            0            0
  Other                                                       15,424   -   21,980   +   13,271       19,558
Other liabilities and capital (15)                            77,037   +    2,040   +    1,162       74,916

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,413,853   +   32,147   +  134,213    1,426,413

Reserve balances with Federal Reserve Banks                1,492,631   -   46,710   +   25,311    1,481,199
 
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
   securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
   remaining principal balance of the underlying mortgages.
5. Cash value of agreements.
6. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term
   Asset-Backed Securities Loan Facility.
7. Refer to table 4 and the note on consolidation accompanying table 9.
8. Refer to table 5 and the note on consolidation accompanying table 9.
9.  Refer to table 6 and the note on consolidation accompanying table 9.
10. Refer to table 7 and the note on consolidation accompanying table 9.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
    the foreign currency is returned to the foreign central bank. This exchange rate equals the market
    exchange rate used when the foreign currency was acquired from the foreign central bank.
12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange
    rates, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the
    Term Asset-Backed Securities Loan Facility.
13. Estimated.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
    securities, and mortgage-backed securities.
15. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to
    entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only
    to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation
    accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S.
    Treasury. Refer to table 8 and table 9.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.

 
1A. Memorandum Items
Millions of dollars
                                                                Averages of daily figures         Wednesday  
                                                           Week ended   Change from week ended    May 2, 2012
Memorandum item                                            May 2, 2012 Apr 25, 2012  May 4, 2011
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,495,805   +   13,434   +   43,499    3,497,214
  U.S. Treasury securities                                 2,780,193   +   14,212   +   89,607    2,782,152
  Federal agency securities (2)                              715,612   -      778   -   46,108      715,062
Securities lent to dealers                                    13,782   +      225   -    4,037       13,828
  Overnight facility (3)                                      13,782   +      225   -    4,037       13,828
    U.S. Treasury securities                                  12,900   +      103   -    4,092       13,022
    Federal agency debt securities                               881   +      122   +       54          806
 
Note: Components may not sum to totals because of rounding.

1. Face value of the securities. Includes U.S. Treasury STRIPS and other zero-coupon bonds at face value and
   mortgage-backed securities at original face value.
2. Includes debt and mortgage-backed securities.
3. Fully collateralized by U.S. Treasury securities.

 
2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities,        May 2, 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)                                    323          710        3,843        1,926            0           ...        6,801
U.S. Treasury securities (2)
  Holdings                                20,509        9,922       51,248      551,507      732,932       301,512    1,667,630
  Weekly changes                      +    5,282   -    6,732   +    1,648   +    2,054   -    6,110    +    3,722   -      136
Federal agency debt securities (3)
  Holdings                                   405        3,137       18,976       60,224        9,482         2,347       94,571
  Weekly changes                      +      405   -      405            0            0            0             0            0
Mortgage-backed securities (4)
  Holdings                                     0            0            2            8           99       847,711      847,820
  Weekly changes                               0            0            0            0            0    +       24   +       24
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)           1,132       26,124            0            0            0             0       27,256

Reverse repurchase agreements (6)         90,336            0          ...          ...          ...           ...       90,336
Term deposits                                  0            0            0          ...          ...           ...            0
 
Note: Components may not sum to totals because of rounding.
. . . Not applicable.

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III
   LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation
   under generally accepted accounting principles.
2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of
   inflation on the original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal
   balance of the underlying mortgages.
5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.
6. Cash value of agreements.
7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency
   is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was
   acquired from the foreign central bank.

 
3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                            May 2, 2012 
 
Mortgage-backed securities held outright (1)                                                                             847,820

Commitments to buy mortgage-backed securities (2)                                                                         39,049
Commitments to sell mortgage-backed securities (2)                                                                             0

Cash and cash equivalents (3)                                                                                                 23
 
1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal
   balance of the underlying mortgages.
2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls,
   and coupon swaps.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8 and table 9.

 
4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                            May 2, 2012 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                              4,183

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                    707
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         764
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,409
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
       March 31, 2012. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of
section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to
manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets.
Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses
of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to
JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.

 
5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                            May 2, 2012 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                              19

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                      0
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                           0
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                        0
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
       March 31, 2012. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of
   American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued
   interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table
   8 and table 9.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential
mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group,
Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred
payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.

 
6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                            May 2, 2012 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         20,207

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  7,972
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         731
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,603
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
       March 31, 2012. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector
collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written
credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the
related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to
AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.

 
7. Information on Principal Accounts of TALF LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                            May 2, 2012 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       836
Net portfolio holdings of TALF LLC                                                                                           836

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                      0
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                           0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3)                                        111
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF)
under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New
York (FRBNY) extends loans with a term of up to five years to holders of eligible asset-backed securities. The TALF is intended to
assist financial markets in accommodating the credit needs of consumers and businesses by facilitating the issuance of asset-backed
securities collateralized by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are
non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The loans
are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial
risk of a decline in the value of the security.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in
connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed
securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest.
Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF
LLC, by the interest received on investments of TALF LLC, by up to $4.3 billion in subordinated debt funding provided by the U.S.
Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio
holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S.
Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the
U.S. Treasury.

 
8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation    May 2, 2012   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Apr 25, 2012  May 4, 2011
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,230    -        3   +       47
  Securities, repurchase agreements, and loans                           2,616,823    +      114   +  106,551
    Securities held outright (1)                                         2,610,021    -      113   +  116,026
      U.S. Treasury securities                                           1,667,630    -      136   +  225,775
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                     1,572,264    -      661   +  213,949
        Notes and bonds, inflation-indexed (2)                              67,666    +      430   +    9,601
        Inflation compensation (3)                                           9,277    +       94   +    2,224
      Federal agency debt securities (2)                                    94,571             0   -   30,547
      Mortgage-backed securities (4)                                       847,820    +       24   -   79,201
    Repurchase agreements (5)                                                    0             0            0
    Loans                                                                    6,801    +      226   -    9,476
  Net portfolio holdings of Maiden Lane LLC (6)                              4,183    +       13   -   20,613
  Net portfolio holdings of Maiden Lane II LLC (7)                              19             0   -   14,951
  Net portfolio holdings of Maiden Lane III LLC (8)                         20,207    +      402   -    4,404
  Net portfolio holdings of TALF LLC (9)                                       836             0   +      103
  Items in process of collection                             (97)              286    +       72   -      200
  Bank premises                                                              2,365    +       12   +      157
  Central bank liquidity swaps (10)                                         27,256    -    4,715   +   27,256
  Other assets (11)                                                        176,165    +    1,824   +   49,701

Total assets                                                 (97)        2,866,606    -    2,283   +  143,645
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation    May 2, 2012   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Apr 25, 2012  May 4, 2011
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                       1,060,633    +    2,325   +   84,909
  Reverse repurchase agreements (12)                                        90,336    -    2,111   +   33,363
  Deposits                                                    (0)        1,639,584    -    1,445   +   24,709
    Term deposits held by depository institutions                                0             0   -    5,081
    Other deposits held by depository institutions                       1,483,144    -   43,175   +    7,665
    U.S. Treasury, General Account                                         136,746    +   34,154   +   11,349
    U.S. Treasury, Supplementary Financing Account                               0             0   -    5,000
    Foreign official                                                           137    +        9   +        9
    Other                                                     (0)           19,558    +    7,568   +   15,767
  Deferred availability cash items                           (97)            1,137    +      119   -      590
  Other liabilities and accrued dividends (13)                              20,437    -    1,187   -      668

Total liabilities                                            (97)        2,812,127    -    2,299   +  141,724

Capital accounts
  Capital paid in                                                           27,240    +        9   +      961
  Surplus                                                                   27,240    +        9   +      961
  Other capital accounts                                                         0             0            0

Total capital                                                               54,479    +       16   +    1,921
 
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
   securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
   remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 4 and the note on consolidation accompanying table 9.
7. Refer to table 5 and the note on consolidation accompanying table 9.
8. Refer to table 6 and the note on consolidation accompanying table 9.
9.  Refer to table 7 and the note on consolidation accompanying table 9.
10. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
    the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange
    rate used when the foreign currency was acquired from the foreign central bank.
11. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates
    and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to
    eligible borrowers through the Term Asset-Backed Securities Loan Facility.
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
    securities, and mortgage-backed securities.
13. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to
    entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to
    the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation
    accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S.
    Treasury.


 
9. Statement of Condition of Each Federal Reserve Bank,        May 2, 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                                           2,230          53         108         151         156         395         204         324          35          59         166         210         369
  Securities, repurchase agreements,
     and loans                               2,616,823      63,397   1,469,798      86,282      66,358     185,759     157,368     144,795      40,807      23,741      52,437     101,712     224,369
    Securities held outright (1)             2,610,021      63,393   1,463,320      86,282      66,358     185,759     157,366     144,793      40,805      23,727      52,436     101,413     224,369
      U.S. Treasury securities               1,667,630      40,504     934,964      55,128      42,398     118,688     100,547      92,513      26,072      15,160      33,503      64,796     143,357
        Bills (2)                               18,423         447      10,329         609         468       1,311       1,111       1,022         288         167         370         716       1,584
        Notes and bonds (3)                  1,649,207      40,056     924,635      54,519      41,930     117,376      99,436      91,491      25,784      14,993      33,133      64,080     141,773
      Federal agency debt securities (2)        94,571       2,297      53,022       3,126       2,404       6,731       5,702       5,246       1,479         860       1,900       3,675       8,130
      Mortgage-backed securities (4)           847,820      20,592     475,334      28,027      21,555      60,341      51,118      47,033      13,255       7,707      17,033      32,942      72,882
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Loans                                        6,801           5       6,478           0           0           0           2           2           2          13           1         299           0
  Net portfolio holdings of Maiden
     Lane LLC (6)                                4,183           0       4,183           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (7)                                19           0          19           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (8)                           20,207           0      20,207           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (9)           836           0         836           0           0           0           0           0           0           0           0           0           0
  Items in process of collection                   383          13           0          67          47           4         153          13           9           7           4          10          57
  Bank premises                                  2,365         122         462          66         124         230         212         202         132         105         256         242         211
  Central bank liquidity swaps (10)             27,256         955       8,792       2,364       2,015       5,638       1,558         727         223         111         271         437       4,164
  Other assets (11)                            176,165       4,586      92,276       7,216       5,736      16,175      10,586       9,021       2,608       1,530       3,298       6,281      16,851
  Interdistrict settlement account                   0   +   3,381   +  18,801   -  14,420   +     230   -   8,999   +   2,820   +   1,565   +   2,081   +   1,321   -      31   +   2,664   -   9,413

Total assets                                 2,866,703      73,112   1,621,124      82,372      75,419     200,504     174,892     157,910      46,357      27,156      56,869     112,563     238,425
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
9. Statement of Condition of Each Federal Reserve Bank,        May 2, 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          1,243,315      47,216     433,501      48,063      60,779     102,042     148,385      94,851      35,379      22,870      37,483      78,074     134,674
    Less: Notes held by F.R. Banks             182,682       4,658      66,541       5,641       7,457      11,582      26,700      12,665       4,248       4,200       4,001      11,417      23,572
      Federal Reserve notes, net             1,060,633      42,558     366,960      42,422      53,321      90,460     121,684      82,186      31,131      18,670      33,482      66,657     111,102
  Reverse repurchase agreements (12)            90,336       2,194      50,647       2,986       2,297       6,429       5,447       5,011       1,412         821       1,815       3,510       7,766
  Deposits                                   1,639,584      25,408   1,170,172      32,064      15,134      91,852      43,950      68,640      13,063       7,128      20,783      41,089     110,302
    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                          1,483,144      25,404   1,014,047      32,056      15,131      91,601      43,947      68,607      13,062       7,128      20,782      41,088     110,290
    U.S. Treasury, General Account             136,746           0     136,746           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                               137           1         110           3           3           8           2           1           0           0           0           1           6
    Other                                       19,558           2      19,269           4           0         242           0          32           0           0           1           0           6
  Deferred availability cash items               1,234          49           0         134         117          26         176          30         108         157          39          89         309
  Interest on Federal Reserve notes due
     to U.S. Treasury (13)                       2,218          44       1,350          65          51         145         129         102          34          21          39          69         168
  Other liabilities and accrued
     dividends (14)                             18,219         215      14,627         287         266         677         444         402         168         131         168         283         551

Total liabilities                            2,812,224      70,468   1,603,758      77,957      71,187     189,589     171,830     156,370      45,916      26,929      56,326     111,697     230,198

Capital
  Capital paid in                               27,240       1,322       8,683       2,207       2,116       5,458       1,531         770         221         113         272         433       4,114
  Surplus                                       27,240       1,322       8,683       2,207       2,116       5,458       1,531         770         221         113         272         433       4,114
  Other capital                                      0           0           0           0           0           0           0           0           0           0           0           0           0

Total liabilities and capital                2,866,703      73,112   1,621,124      82,372      75,419     200,504     174,892     157,910      46,357      27,156      56,869     112,563     238,425
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

9. Statement of Condition of Each Federal Reserve Bank,        May 2, 2012 (continued)
1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 4 and the note on consolidation below.
7. Refer to table 5 and the note on consolidation below.
8. Refer to table 6 and the note on consolidation below.
9.  Refer to table 7 and the note on consolidation below.
10. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.
11. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank of New York
    (FRBNY) to eligible	borrowers through the Term Asset-Backed Securities Loan Facility.
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
13. Represents the estimated weekly remittances to U.S Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to
    capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the
    Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which
    requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the
    amount necessary to equate surplus with capital paid-in.
14. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have
    recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.


Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was
extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector
collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan was extended to
Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc.
On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in
connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.

The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial
activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual
losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the
preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs
appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of
the LLCs, are included in other liabilities in this table (and table 1 and table 8).

 
10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
                                                                                            Wednesday   
Federal Reserve notes and collateral                                                        May 2, 2012 
 
Federal Reserve notes outstanding                                                          1,243,315
  Less: Notes held by F.R. Banks not subject to collateralization                            182,682
    Federal Reserve notes to be collateralized                                             1,060,633
Collateral held against Federal Reserve notes                                              1,060,633
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                 1,044,396
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,610,021
  Less: Face value of securities under reverse repurchase agreements                          78,110
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,531,911
 
Note: Components may not sum to totals because of rounding.

1. Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright,
   compensation to adjust for the effect of inflation on the original face value of inflation-indexed
   securities, and cash value of repurchase agreements.
2. Includes securities lent to dealers under the overnight securities lending facility; refer to table
   1A.`

Statistical releases

---

Home Economic research and data  Accessibility Contact Us  Last update: May 3, 2012