---

`FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                               August 2, 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    Aug 1, 2012
Federal Reserve Banks                                      Aug 1, 2012 Jul 25, 2012  Aug 3, 2011
 
Reserve Bank credit                                        2,833,359   -   10,916   -   16,148    2,833,857
  Securities held outright (1)                             2,593,814   -   13,347   -   55,271    2,593,801
    U.S. Treasury securities                               1,649,362   -    1,386   +    9,997    1,649,294
      Bills (2)                                                    0   -    5,938   -   18,423            0
      Notes and bonds, nominal (2)                         1,570,396   +    4,573   +   24,324    1,570,336
      Notes and bonds, inflation-indexed (2)                  69,086            0   +    3,565       69,086
      Inflation compensation (3)                               9,880   -       21   +      531        9,872
    Federal agency debt securities (2)                        91,029            0   -   21,406       91,029
    Mortgage-backed securities (4)                           853,423   -   11,961   -   43,862      853,478
  Repurchase agreements (5)                                        0            0            0            0
  Loans                                                        3,701   -      129   -    8,261        3,653
    Primary credit                                                32   +       15   +       22            4
    Secondary credit                                               1   +        1   +        1            1
    Seasonal credit                                              121   +       11   +       40          131
    Term Asset-Backed Securities Loan Facility (6)             3,547   -      157   -    8,324        3,517
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Maiden Lane LLC (7)                2,082   +       47   -   18,739        2,085
  Net portfolio holdings of Maiden Lane II LLC (8)                61   +       37   -   10,118           61
  Net portfolio holdings of Maiden Lane III LLC (9)            7,218   +      913   -   14,250        7,377
  Net portfolio holdings of TALF LLC (10)                        848            0   +       81          848
  Float                                                         -670   -       72   +      415         -602
  Central bank liquidity swaps (11)                           31,022   +    3,790   +   31,022       31,022
  Other Federal Reserve assets (12)                          195,282   -    2,155   +   58,972      195,611
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (13)                            44,592   +       14   +      597       44,592

Total factors supplying reserve funds                      2,894,192   -   10,903   -   15,550    2,894,690
 
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    Aug 1, 2012
Federal Reserve Banks                                      Aug 1, 2012 Jul 25, 2012  Aug 3, 2011
 
Currency in circulation (13)                               1,112,033   +    1,085   +   80,270    1,114,945
Reverse repurchase agreements (14)                            89,881   +    4,975   +   20,069       89,806
  Foreign official and international accounts                 89,881   +    4,975   +   20,069       89,806
  Others                                                           0            0            0            0
Treasury cash holdings                                           121   +        3   +        5          123
Deposits with F.R. Banks, other than reserve balances         61,095   -   23,603   -   52,678       80,631
  Term deposits held by depository institutions                3,040            0   -    2,048        3,040
  U.S. Treasury, General Account                              42,102   -    3,435   -   14,809       52,683
  U.S. Treasury, Supplementary Financing Account                   0            0            0            0
  Foreign official                                             3,358   +      794   +    3,225        4,233
  Service-related                                                  0            0   -    2,490            0
    Required clearing balances                                     0            0   -    2,490            0
    Adjustments to compensate for float                            0            0            0            0
  Other                                                       12,594   -   20,963   -   36,557       20,675
Other liabilities and capital (15)                            69,244   -      278   -       93       68,187

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,332,373   -   17,819   +   47,573    1,353,691

Reserve balances with Federal Reserve Banks                1,561,819   +    6,917   -   63,124    1,540,999
 
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    Aug 1, 2012
Memorandum item                                            Aug 1, 2012 Jul 25, 2012  Aug 3, 2011
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,526,708   +    8,006   +   63,471    3,529,711
  U.S. Treasury securities                                 2,835,363   +    8,420   +  106,476    2,838,597
  Federal agency securities (2)                              691,345   -      415   -   43,004      691,115
Securities lent to dealers                                     9,407   +      722   -   13,994        8,560
  Overnight facility (3)                                       9,407   +      722   -   13,994        8,560
    U.S. Treasury securities                                   8,680   +      804   -   13,529        7,884
    Federal agency debt securities                               726   -       83   -      466          676
 
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,     August 1, 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)                                     47          881        1,227        1,498            0           ...        3,653
U.S. Treasury securities (2)
  Holdings                                 8,206        4,382       13,742      502,093      770,462       350,409    1,649,294
  Weekly changes                      +      629   -    8,206   +    1,138   -    2,382   +    3,083    +    3,601   -    2,138
Federal agency debt securities (3)
  Holdings                                 1,928        7,199       15,381       58,424        5,750         2,347       91,029
  Weekly changes                      +    1,928   -    1,084   -      844            0            0             0            0
Mortgage-backed securities (4)
  Holdings                                     0            0            3            5          206       853,265      853,478
  Weekly changes                               0            0   +        1            0   +       12    +      104   +      116
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)          18,285       12,737            0            0            0             0       31,022

Reverse repurchase agreements (6)         89,806            0          ...          ...          ...           ...       89,806
Term deposits                              3,040            0            0          ...          ...           ...        3,040
 
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                                                                                                            Aug 1, 2012 
 
Mortgage-backed securities held outright (1)                                                                             853,478

Commitments to buy mortgage-backed securities (2)                                                                         37,797
Commitments to sell mortgage-backed securities (2)                                                                             0

Cash and cash equivalents (3)                                                                                                 42
 
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                                                                                                            Aug 1, 2012 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                              2,085

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                      0
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                           0
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                706
 
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
        June 30, 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                                                                                                            Aug 1, 2012 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                              61

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
        June 30, 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                                                                                                            Aug 1, 2012 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                          7,377

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                      0
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                           0
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                    0
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
        June 30, 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                                                                                                            Aug 1, 2012 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       848
Net portfolio holdings of TALF LLC                                                                                           848

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)                                        112
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF)
under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New
York (FRBNY) extends loans with a term of up to five years to holders of eligible asset-backed securities. The TALF is intended to
assist financial markets in accommodating the credit needs of consumers and businesses by facilitating the issuance of asset-backed
securities collateralized by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are
non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The loans
are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial
risk of a decline in the value of the security.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in
connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed
securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest.
Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF
LLC, by the interest received on investments of TALF LLC, by up to $1.4 billion in subordinated debt funding provided by the U.S.
Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio
holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S.
Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the
U.S. Treasury.

 
8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation    Aug 1, 2012   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Jul 25, 2012  Aug 3, 2011
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,120    +       10   -       66
  Securities, repurchase agreements, and loans                           2,597,454    -    2,062   -   65,149
    Securities held outright (1)                                         2,593,801    -    2,022   -   56,837
      U.S. Treasury securities                                           1,649,294    -    2,138   +    8,375
        Bills (2)                                                                0    -    5,938   -   18,423
        Notes and bonds, nominal (2)                                     1,570,336    +    3,821   +   22,710
        Notes and bonds, inflation-indexed (2)                              69,086             0   +    3,565
        Inflation compensation (3)                                           9,872    -       22   +      523
      Federal agency debt securities (2)                                    91,029             0   -   21,406
      Mortgage-backed securities (4)                                       853,478    +      116   -   43,807
    Repurchase agreements (5)                                                    0             0            0
    Loans                                                                    3,653    -       40   -    8,312
  Net portfolio holdings of Maiden Lane LLC (6)                              2,085    +        4   -   18,735
  Net portfolio holdings of Maiden Lane II LLC (7)                              61             0   -   10,002
  Net portfolio holdings of Maiden Lane III LLC (8)                          7,377    +      222   -   14,134
  Net portfolio holdings of TALF LLC (9)                                       848             0   +       81
  Items in process of collection                             (65)              282    +      135   -       17
  Bank premises                                                              2,352    -        8   +      156
  Central bank liquidity swaps (10)                                         31,022    +    3,790   +   31,022
  Other assets (11)                                                        193,259    +    2,207   +   58,900

Total assets                                                 (65)        2,853,097    +    4,297   -   17,944
 
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    Aug 1, 2012   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Jul 25, 2012  Aug 3, 2011
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                       1,072,591    +    2,878   +   79,529
  Reverse repurchase agreements (12)                                        89,806    +    2,305   +   21,183
  Deposits                                                    (0)        1,621,630    -      514   -  116,841
    Term deposits held by depository institutions                            3,040             0   -    2,048
    Other deposits held by depository institutions                       1,540,999    -   26,868   -  106,868
    U.S. Treasury, General Account                                          52,683    +   14,425   +   20,412
    U.S. Treasury, Supplementary Financing Account                               0             0            0
    Foreign official                                                         4,233    +    1,668   +    4,108
    Other                                                     (0)           20,675    +   10,261   -   32,445
  Deferred availability cash items                           (65)              884    +       86   -      661
  Other liabilities and accrued dividends (13)                              13,499    -      466   -    4,079

Total liabilities                                            (65)        2,798,410    +    4,289   -   20,868

Capital accounts
  Capital paid in                                                           27,344    +        5   +    1,463
  Surplus                                                                   27,344    +        5   +    1,463
  Other capital accounts                                                         0             0            0

Total capital                                                               54,688    +       10   +    2,925
 
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,     August 1, 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                                           2,120          38          85         142         148         383         202         313          35          53         164         204         353
  Securities, repurchase agreements,
     and loans                               2,597,454      62,999   1,457,745      85,745      65,946     184,607     156,394     143,899      40,585      23,647      52,123     100,791     222,975
    Securities held outright (1)             2,593,801      62,999   1,454,226      85,745      65,946     184,605     156,388     143,893      40,552      23,580      52,111     100,783     222,975
      U.S. Treasury securities               1,649,294      40,058     924,684      54,522      41,932     117,383      99,441      91,496      25,785      14,994      33,135      64,084     141,781
        Bills (2)                                    0           0           0           0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                  1,649,294      40,058     924,684      54,522      41,932     117,383      99,441      91,496      25,785      14,994      33,135      64,084     141,781
      Federal agency debt securities (2)        91,029       2,211      51,036       3,009       2,314       6,479       5,488       5,050       1,423         828       1,829       3,537       7,825
      Mortgage-backed securities (4)           853,478      20,729     478,506      28,214      21,699      60,743      51,459      47,347      13,343       7,759      17,147      33,162      73,369
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Loans                                        3,653           0       3,518           0           0           2           6           7          33          67          12           9           0
  Net portfolio holdings of Maiden
     Lane LLC (6)                                2,085           0       2,085           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (7)                                61           0          61           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (8)                            7,377           0       7,377           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (9)           848           0         848           0           0           0           0           0           0           0           0           0           0
  Items in process of collection                   348           3           0          52          41           5         170          10           4           6           5           7          46
  Bank premises                                  2,352         120         457          67         123         229         212         202         131         104         254         241         210
  Central bank liquidity swaps (10)             31,022       1,088      10,007       2,691       2,293       6,417       1,774         828         254         127         309         497       4,739
  Other assets (11)                            193,259       4,996     101,981       7,751       6,144      17,320      11,618       9,990       2,881       1,687       3,650       6,957      18,285
  Interdistrict settlement account                   0   +   9,375   -  26,273   -  17,625   -     476   -  12,023   +  24,140   +     416   +   3,099   +   1,484   -     641   +   1,506   +  17,018

Total assets                                 2,853,163      79,222   1,560,014      79,470      74,970     198,239     196,502     156,922      47,452      27,389      56,330     111,210     265,443
 
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,     August 1, 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          1,275,309      46,126     442,429      47,148      61,745     102,348     173,291      94,033      37,557      22,577      36,723      77,198     134,133
    Less: Notes held by F.R. Banks             202,718       4,996      78,038       5,434       8,650      12,541      28,568      12,847       4,341       3,399       3,670      15,439      24,795
      Federal Reserve notes, net             1,072,591      41,131     364,390      41,715      53,095      89,807     144,723      81,186      33,216      19,178      33,054      61,759     109,338
  Reverse repurchase agreements (12)            89,806       2,181      50,350       2,969       2,283       6,392       5,415       4,982       1,404         816       1,804       3,489       7,720
  Deposits                                   1,621,630      32,992   1,118,271      30,053      15,021      90,369      42,567      68,662      12,171       6,891      20,701      44,670     139,261
    Term deposits held by depository
       institutions                              3,040           5       1,904         623           0         115           8           5           0          50         325           5           0
    Other deposits held by depository
       institutions                          1,540,999      32,960   1,039,093      29,417      15,018      90,023      42,553      68,631      12,171       6,841      20,375      44,663     139,254
    U.S. Treasury, General Account              52,683           0      52,683           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                             4,233           1       4,206           3           3           8           2           1           0           0           0           1           6
    Other                                       20,675          25      20,384          10           0         223           4          25           0           0           1           2           1
  Deferred availability cash items                 950          34           0         107          59          20         180          24          26         131          29          71         268
  Interest on Federal Reserve notes due
     to U.S. Treasury (13)                       2,007          39       1,219          61          43         129         115          92          29          17          34          71         158
  Other liabilities and accrued
     dividends (14)                             11,492         185       8,329         238         227         575         402         370         158         127         159         264         459

Total liabilities                            2,798,475      76,562   1,542,560      75,143      70,729     187,291     193,401     155,316      47,004      27,160      55,781     110,323     257,204

Capital
  Capital paid in                               27,344       1,330       8,727       2,164       2,121       5,474       1,551         803         224         114         275         444       4,119
  Surplus                                       27,344       1,330       8,727       2,164       2,121       5,474       1,551         803         224         114         275         444       4,119
  Other capital                                      0           0           0           0           0           0           0           0           0           0           0           0           0

Total liabilities and capital                2,853,163      79,222   1,560,014      79,470      74,970     198,239     196,502     156,922      47,452      27,389      56,330     111,210     265,443
 
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,     August 1, 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                                                        Aug 1, 2012 
 
Federal Reserve notes outstanding                                                          1,275,309
  Less: Notes held by F.R. Banks not subject to collateralization                            202,718
    Federal Reserve notes to be collateralized                                             1,072,591
Collateral held against Federal Reserve notes                                              1,072,591
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                 1,056,354
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,593,801
  Less: Face value of securities under reverse repurchase agreements                          75,840
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,517,961
 
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: August 2, 2012