For release at 4:30 P.M. EDT January 26, 2012 The weekly average values, shown in table 1, reflect the December 31, 2011, quarterly updates to the fair values of the net portfolio holdings of Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC, and the fair value adjustment of the Term Asset-Backed Securities Loan Facility, or TALF, which is included in "Other Federal Reserve assets." The amounts for the first six days of this reporting week are based on the values as of September 30, 2011, and the amounts for the last day of the reporting week are based on the values as of December 31, 2011. FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks January 26, 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 Jan 25, 2012 Federal Reserve Banks Jan 25, 2012 Jan 18, 2012 Jan 26, 2011 Reserve Bank credit 2,905,283 + 1,522 + 485,868 2,902,205 Securities held outright (1) 2,601,791 - 396 + 385,052 2,598,650 U.S. Treasury securities 1,653,915 + 6,636 + 557,513 1,661,529 Bills (2) 18,423 0 0 18,423 Notes and bonds, nominal (2) 1,557,618 + 6,732 + 536,057 1,565,237 Notes and bonds, inflation-indexed (2) 68,418 - 64 + 18,046 68,418 Inflation compensation (3) 9,456 - 32 + 3,409 9,451 Federal agency debt securities (2) 101,498 - 532 - 43,306 101,498 Mortgage-backed securities (4) 846,377 - 6,501 - 129,156 835,624 Repurchase agreements (5) 0 0 0 0 Loans 8,435 - 163 - 15,138 8,180 Primary credit 5 + 1 - 34 7 Secondary credit 0 0 0 0 Seasonal credit 6 + 4 - 4 7 Credit extended to American International Group, Inc., net (6) 0 0 0 0 Term Asset-Backed Securities Loan Facility (7) 8,423 - 169 - 15,101 8,166 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (8) 7,001 - 170 - 19,398 6,948 Net portfolio holdings of Maiden Lane II LLC (9) 9,201 + 55 - 6,758 9,508 Net portfolio holdings of Maiden Lane III LLC (10) 17,645 - 153 - 4,785 17,718 Net portfolio holdings of TALF LLC (11) 814 + 3 + 140 819 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (6) 0 0 0 0 Float -806 + 110 + 794 -814 Central bank liquidity swaps (12) 103,209 - 57 + 103,139 103,171 Other Federal Reserve assets (13) 157,994 + 2,294 + 42,823 158,027 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (14) 44,291 + 14 + 620 44,291 Total factors supplying reserve funds 2,965,815 + 1,537 + 486,488 2,962,737 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 Jan 25, 2012 Federal Reserve Banks Jan 25, 2012 Jan 18, 2012 Jan 26, 2011 Currency in circulation (14) 1,065,556 - 2,404 + 89,477 1,066,416 Reverse repurchase agreements (15) 91,500 + 7,073 + 38,901 88,715 Foreign official and international accounts 91,500 + 7,073 + 38,901 88,715 Others 0 0 0 0 Treasury cash holdings 145 + 8 - 55 143 Deposits with F.R. Banks, other than reserve balances 206,545 + 60,177 - 93,532 158,797 Term deposits held by depository institutions 3,079 0 + 3,079 3,079 U.S. Treasury, General Account 111,236 + 33,167 + 19,532 111,938 U.S. Treasury, Supplementary Financing Account 0 0 - 199,962 0 Foreign official 147 - 5 - 5,140 125 Service-related 1,979 - 1 - 383 1,979 Required clearing balances 1,979 - 1 - 383 1,979 Adjustments to compensate for float 0 0 0 0 Other 90,104 + 27,015 + 89,342 41,675 Funds from American International Group, Inc. asset dispositions, held as agent (6) 0 0 0 0 Other liabilities and capital (16) 72,314 + 407 - 7 71,401 Total factors, other than reserve balances, absorbing reserve funds 1,436,061 + 65,263 + 34,785 1,385,471 Reserve balances with Federal Reserve Banks 1,529,754 - 63,726 + 451,703 1,577,266 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements. 6. As a result of the closing of the American International Group, Inc. (AIG) recapitalization plan on January 14, 2011, the credit extended to AIG was fully repaid and the Federal Reserve's commitment to lend any further funds was terminated. In addition, the Federal Reserve Bank of New York (FRBNY) has been paid in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. The funds from AIG asset dispositions that FRBNY held as agent were the source of repayment of the credit extended to AIG, as well as a portion of the FRBNY's preferred interests in ALICO Holdings LLC. The remaining FRBNY preferred interests in ALICO Holdings LLC and AIA Aurora LLC, valued at approximately $20 billion, were purchased by AIG through a draw on the Treasury's Series F preferred stock commitment and then transferred by AIG to the Treasury as consideration for the draw on the available Series F funds. 7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 8. Refer to table 4 and the note on consolidation accompanying table 9. 9. Refer to table 5 and the note on consolidation accompanying table 9. 10. Refer to table 6 and the note on consolidation accompanying table 9. 11. Refer to table 7 and the note on consolidation accompanying table 9. 12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. 14. Estimated. 15. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 16. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Refer to table 8 and table 9. Sources: Federal Reserve Banks and the U.S. Department of the Treasury. 1A. Memorandum Items Millions of dollars Averages of daily figures Wednesday Week ended Change from week ended Jan 25, 2012 Memorandum item Jan 25, 2012 Jan 18, 2012 Jan 26, 2011 Marketable securities held in custody for foreign official and international accounts (1) 3,406,096 + 14,443 + 55,079 3,406,980 U.S. Treasury securities 2,679,667 + 14,779 + 76,598 2,678,780 Federal agency securities (2) 726,429 - 336 - 21,519 728,200 Securities lent to dealers 12,785 + 2,212 - 656 14,132 Overnight facility (3) 12,785 + 2,212 - 656 14,132 U.S. Treasury securities 11,830 + 2,180 + 141 13,104 Federal agency debt securities 955 + 32 - 796 1,028 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, January 25, 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) 14 10 4,480 3,676 0 ... 8,180 U.S. Treasury securities (2) Holdings 16,786 33,029 66,892 629,346 673,510 241,966 1,661,529 Weekly changes + 2,156 - 2,157 - 1 - 8,742 + 14,506 + 4,261 + 10,023 Federal agency debt securities (3) Holdings 0 6,927 19,460 58,931 13,833 2,347 101,498 Weekly changes 0 + 629 - 629 0 0 0 0 Mortgage-backed securities (4) Holdings 0 0 0 12 72 835,539 835,624 Weekly changes 0 0 0 - 1 + 5 - 11,814 - 11,810 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) 9,084 94,087 0 0 0 0 103,171 Reverse repurchase agreements (6) 88,715 0 ... ... ... ... 88,715 Term deposits 3,079 0 0 ... ... ... 3,079 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 Jan 25, 2012 Mortgage-backed securities held outright (1) 835,624 Commitments to buy mortgage-backed securities (2) 37,367 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 192 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 Jan 25, 2012 Net portfolio holdings of Maiden Lane LLC (1) 6,948 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 3,812 Accrued interest payable to the Federal Reserve Bank of New York (2) 758 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,390 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2011. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9. Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY. 5. Information on Principal Accounts of Maiden Lane II LLC Millions of dollars Wednesday Account name Jan 25, 2012 Net portfolio holdings of Maiden Lane II LLC (1) 9,508 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 6,084 Accrued interest payable to the Federal Reserve Bank of New York (2) 575 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,109 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2011. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9. 3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9. Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries. 6. Information on Principal Accounts of Maiden Lane III LLC Millions of dollars Wednesday Account name Jan 25, 2012 Net portfolio holdings of Maiden Lane III LLC (1) 17,718 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 8,890 Accrued interest payable to the Federal Reserve Bank of New York (2) 700 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,554 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2011. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9. Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG. 7. Information on Principal Accounts of TALF LLC Millions of dollars Wednesday Account name Jan 25, 2012 Asset-backed securities holdings (1) 0 Other investments, net 819 Net portfolio holdings of TALF LLC 819 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0 Accrued interest payable to the Federal Reserve Bank of New York (2) 0 Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3) 110 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9. Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF) under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New York (FRBNY) extends loans with a term of up to five years to holders of eligible asset-backed securities. The TALF is intended to assist financial markets in accommodating the credit needs of consumers and businesses by facilitating the issuance of asset-backed securities collateralized by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The loans are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial risk of a decline in the value of the security. TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF LLC, by the interest received on investments of TALF LLC, by up to $4.3 billion in subordinated debt funding provided by the U.S. Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S. Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the U.S. Treasury. 8. Consolidated Statement of Condition of All Federal Reserve Banks Millions of dollars Eliminations from Wednesday Change since consolidation Jan 25, 2012 Wednesday Wednesday Assets, liabilities, and capital Jan 18, 2012 Jan 26, 2011 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 2,413 + 43 + 95 Securities, repurchase agreements, and loans 2,606,830 - 2,204 + 359,422 Securities held outright (1) 2,598,650 - 1,788 + 374,501 U.S. Treasury securities 1,661,529 + 10,023 + 547,081 Bills (2) 18,423 0 0 Notes and bonds, nominal (2) 1,565,237 + 10,037 + 525,633 Notes and bonds, inflation-indexed (2) 68,418 0 + 18,046 Inflation compensation (3) 9,451 - 15 + 3,402 Federal agency debt securities (2) 101,498 0 - 43,126 Mortgage-backed securities (4) 835,624 - 11,810 - 129,453 Repurchase agreements (5) 0 0 0 Loans 8,180 - 416 - 15,079 Net portfolio holdings of Maiden Lane LLC (6) 6,948 - 62 - 19,483 Net portfolio holdings of Maiden Lane II LLC (7) 9,508 + 358 - 6,494 Net portfolio holdings of Maiden Lane III LLC (8) 17,718 + 85 - 4,719 Net portfolio holdings of TALF LLC (9) 819 + 8 + 133 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (10) 0 0 0 Items in process of collection (122) 202 - 189 - 150 Bank premises 2,183 + 1 - 38 Central bank liquidity swaps (11) 103,171 - 95 + 103,101 Other assets (12) 155,841 + 2,173 + 43,244 Total assets (122) 2,921,869 + 118 + 475,109 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 Jan 25, 2012 Wednesday Wednesday Assets, liabilities, and capital Jan 18, 2012 Jan 26, 2011 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,024,676 - 1,446 + 89,334 Reverse repurchase agreements (13) 88,715 - 2,378 + 36,095 Deposits (0) 1,736,060 + 4,909 + 349,583 Term deposits held by depository institutions 3,079 0 + 3,079 Other deposits held by depository institutions 1,579,243 + 33,784 + 492,916 U.S. Treasury, General Account 111,938 + 3,735 + 17,752 U.S. Treasury, Supplementary Financing Account 0 0 - 199,962 Foreign official 125 - 1 - 5,024 Other (0) 41,675 - 32,610 + 40,821 Deferred availability cash items (122) 1,016 - 951 - 800 Other liabilities and accrued dividends (14) 17,600 - 17 + 159 Total liabilities (122) 2,868,068 + 118 + 474,371 Capital accounts Capital paid in 26,901 0 + 369 Surplus 26,901 0 + 369 Other capital accounts 0 0 0 Total capital 53,801 0 + 738 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 6. Refer to table 4 and the note on consolidation accompanying table 9. 7. Refer to table 5 and the note on consolidation accompanying table 9. 8. Refer to table 6 and the note on consolidation accompanying table 9. 9. Refer to table 7 and the note on consolidation accompanying table 9. 10. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank of New York has been paid in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. A portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were held as agent by the Federal Reserve. 11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. 13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 14. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Before the closing of the AIG recapitalization plan on January 14, 2011, included funds from American International Group, Inc. asset dispositions, held as agent. 9. Statement of Condition of Each Federal Reserve Bank, January 25, 2012 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San Assets, liabilities, and capital City Francisco Assets Gold certificate account 11,037 390 3,866 432 450 872 1,394 854 319 197 318 728 1,217 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574 Coin 2,413 56 96 162 180 425 216 350 42 62 180 250 395 Securities, repurchase agreements, and loans 2,606,830 63,892 1,216,650 89,020 70,195 300,118 193,190 154,322 49,185 39,945 69,130 102,777 258,406 Securities held outright (1) 2,598,650 63,892 1,208,484 89,020 70,195 300,118 193,190 154,322 49,185 39,937 69,125 102,777 258,406 U.S. Treasury securities 1,661,529 40,851 772,682 56,917 44,881 191,890 123,522 98,671 31,448 25,535 44,198 65,714 165,220 Bills (2) 18,423 453 8,567 631 498 2,128 1,370 1,094 349 283 490 729 1,832 Notes and bonds (3) 1,643,106 40,398 764,115 56,286 44,384 189,762 122,153 97,577 31,099 25,252 43,707 64,985 163,388 Federal agency debt securities (2) 101,498 2,495 47,201 3,477 2,742 11,722 7,546 6,028 1,921 1,560 2,700 4,014 10,093 Mortgage-backed securities (4) 835,624 20,545 388,601 28,625 22,572 96,506 62,122 49,624 15,816 12,842 22,228 33,049 83,093 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 8,180 0 8,166 0 0 0 0 0 0 8 5 0 0 Net portfolio holdings of Maiden Lane LLC (6) 6,948 0 6,948 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (7) 9,508 0 9,508 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (8) 17,718 0 17,718 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF LLC (9) 819 0 819 0 0 0 0 0 0 0 0 0 0 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (10) 0 0 0 0 0 0 0 0 0 0 0 0 0 Items in process of collection 324 8 0 77 72 5 67 14 6 8 5 18 44 Bank premises 2,183 123 261 67 125 232 214 205 134 105 259 245 213 Central bank liquidity swaps (11) 103,171 3,565 29,882 9,993 7,653 21,156 5,912 2,614 841 3,187 929 1,563 15,876 Other assets (12) 155,841 4,121 67,697 6,970 5,439 20,379 11,163 8,356 2,701 2,837 3,700 5,599 16,877 Interdistrict settlement account 0 - 2,933 + 367,926 - 29,732 - 13,742 - 148,835 - 46,391 - 14,077 - 8,522 - 19,937 - 18,604 - 6,079 - 59,072 Total assets 2,921,991 69,418 1,723,189 77,198 70,609 194,762 166,419 153,062 44,856 26,493 56,069 105,384 234,531 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, January 25, 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 1,211,377 44,154 435,038 45,817 55,321 94,483 144,059 88,725 33,796 21,002 34,457 79,775 134,749 Less: Notes held by F.R. Banks 186,701 5,088 54,813 6,708 10,001 12,508 28,617 13,418 4,530 5,460 4,131 12,976 28,451 Federal Reserve notes, net 1,024,676 39,066 380,225 39,109 45,320 81,974 115,442 75,308 29,267 15,542 30,327 66,799 106,298 Reverse repurchase agreements (13) 88,715 2,181 41,256 3,039 2,396 10,246 6,595 5,268 1,679 1,363 2,360 3,509 8,822 Deposits 1,736,060 26,023 1,270,662 29,976 18,533 90,611 40,635 70,576 13,257 9,009 22,610 33,825 110,343 Term deposits held by depository institutions 3,079 20 621 617 47 1,010 5 364 3 65 251 5 72 Other deposits held by depository institutions 1,579,243 25,988 1,116,425 29,349 18,482 89,554 40,627 70,181 13,254 8,942 22,358 33,819 110,263 U.S. Treasury, General Account 111,938 0 111,938 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 125 1 97 4 3 8 2 1 0 1 0 1 6 Other 41,675 14 41,581 7 1 38 0 30 0 1 1 1 1 Deferred availability cash items 1,138 45 0 135 108 23 160 41 29 208 45 88 256 Interest on Federal Reserve notes due to U.S. Treasury (14) 1,596 39 857 45 59 145 102 71 27 13 36 51 151 Other liabilities and accrued dividends (15) 16,004 178 12,834 226 217 635 410 362 156 139 156 250 442 Total liabilities 2,868,190 67,531 1,705,834 72,532 66,631 183,634 163,343 151,626 44,415 26,274 55,534 104,522 226,312 Capital Capital paid in 26,901 943 8,677 2,333 1,989 5,564 1,538 718 220 109 268 431 4,109 Surplus 26,901 943 8,677 2,333 1,989 5,564 1,538 718 220 109 268 431 4,109 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 2,921,991 69,418 1,723,189 77,198 70,609 194,762 166,419 153,062 44,856 26,493 56,069 105,384 234,531 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, January 25, 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. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank of New York has been paid in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. A portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were held as agent by the Federal Reserve. 11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. 13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 14. Represents the estimated weekly remittances to U.S Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount necessary to equate surplus with capital paid-in. 15. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below. Before the closing of the AIG recapitalization plan on January 14, 2011, included funds from American International Group, Inc. asset dispositions, held as agent. Note on consolidation: The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility. The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 8). 10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts Millions of dollars Wednesday Federal Reserve notes and collateral Jan 25, 2012 Federal Reserve notes outstanding 1,211,377 Less: Notes held by F.R. Banks not subject to collateralization 186,701 Federal Reserve notes to be collateralized 1,024,676 Collateral held against Federal Reserve notes 1,024,676 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,008,439 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,598,650 Less: Face value of securities under reverse repurchase agreements 76,696 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,521,954 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.