FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks February 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 Feb 1, 2012 Federal Reserve Banks Feb 1, 2012 Jan 25, 2012 Feb 2, 2011 Reserve Bank credit 2,905,676 + 393 + 467,190 2,907,408 Securities held outright (1) 2,598,967 - 2,824 + 363,800 2,599,969 U.S. Treasury securities 1,661,622 + 7,707 + 536,156 1,662,459 Bills (2) 18,423 0 0 18,423 Notes and bonds, nominal (2) 1,565,260 + 7,642 + 515,015 1,565,905 Notes and bonds, inflation-indexed (2) 68,499 + 81 + 17,769 68,700 Inflation compensation (3) 9,441 - 15 + 3,373 9,431 Federal agency debt securities (2) 101,498 0 - 43,126 101,498 Mortgage-backed securities (4) 835,847 - 10,530 - 129,230 836,012 Repurchase agreements (5) 0 0 0 0 Loans 8,187 - 248 - 14,738 8,142 Primary credit 44 + 39 - 7 10 Secondary credit 0 0 0 0 Seasonal credit 4 - 2 - 2 2 Credit extended to American International Group, Inc., net (6) 0 0 0 0 Term Asset-Backed Securities Loan Facility (7) 8,139 - 284 - 14,729 8,130 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (8) 6,953 - 48 - 19,494 6,967 Net portfolio holdings of Maiden Lane II LLC (9) 9,508 + 307 - 6,499 9,508 Net portfolio holdings of Maiden Lane III LLC (10) 17,720 + 75 - 4,784 17,726 Net portfolio holdings of TALF LLC (11) 819 + 5 + 133 819 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (6) 0 0 0 0 Float -908 - 102 + 383 -969 Central bank liquidity swaps (12) 104,454 + 1,245 + 104,384 104,454 Other Federal Reserve assets (13) 159,976 + 1,982 + 44,007 160,792 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (14) 44,305 + 14 + 608 44,305 Total factors supplying reserve funds 2,966,222 + 407 + 467,798 2,967,954 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 Feb 1, 2012 Federal Reserve Banks Feb 1, 2012 Jan 25, 2012 Feb 2, 2011 Currency in circulation (14) 1,067,354 + 1,798 + 89,629 1,070,641 Reverse repurchase agreements (15) 89,615 - 1,885 + 29,711 83,873 Foreign official and international accounts 89,615 - 1,885 + 29,711 83,873 Others 0 0 0 0 Treasury cash holdings 143 - 2 - 34 143 Deposits with F.R. Banks, other than reserve balances 163,162 - 43,383 - 138,230 168,086 Term deposits held by depository institutions 3,079 0 + 3,079 3,079 U.S. Treasury, General Account 117,554 + 6,318 + 20,240 120,691 U.S. Treasury, Supplementary Financing Account 0 0 - 199,963 0 Foreign official 128 - 19 - 1,040 141 Service-related 1,977 - 2 - 375 1,977 Required clearing balances 1,977 - 2 - 375 1,977 Adjustments to compensate for float 0 0 0 0 Other 40,424 - 49,680 + 39,829 42,198 Funds from American International Group, Inc. asset dispositions, held as agent (6) 0 0 0 0 Other liabilities and capital (16) 73,116 + 802 + 1,877 73,240 Total factors, other than reserve balances, absorbing reserve funds 1,393,389 - 42,672 - 17,048 1,395,983 Reserve balances with Federal Reserve Banks 1,572,834 + 43,080 + 484,847 1,571,970 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 Feb 1, 2012 Memorandum item Feb 1, 2012 Jan 25, 2012 Feb 2, 2011 Marketable securities held in custody for foreign official and international accounts (1) 3,409,811 + 3,715 + 53,969 3,413,659 U.S. Treasury securities 2,681,210 + 1,543 + 74,957 2,684,024 Federal agency securities (2) 728,600 + 2,171 - 20,989 729,635 Securities lent to dealers 12,660 - 125 - 4,082 17,613 Overnight facility (3) 12,660 - 125 - 4,082 17,613 U.S. Treasury securities 11,516 - 314 - 3,792 16,141 Federal agency debt securities 1,144 + 189 - 290 1,472 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, February 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) 10 13 4,766 3,353 0 ... 8,142 U.S. Treasury securities (2) Holdings 20,917 29,843 66,278 625,531 672,891 246,999 1,662,459 Weekly changes + 4,131 - 3,186 - 614 - 3,815 - 619 + 5,033 + 930 Federal agency debt securities (3) Holdings 681 6,246 19,460 58,931 13,833 2,347 101,498 Weekly changes + 681 - 681 0 0 0 0 0 Mortgage-backed securities (4) Holdings 0 0 0 12 73 835,927 836,012 Weekly changes 0 0 0 0 + 1 + 388 + 388 Asset-backed securities held by TALF LLC (5) 0 0 0 0 0 0 0 Repurchase agreements (6) 0 0 ... ... ... ... 0 Central bank liquidity swaps (7) 10,367 94,087 0 0 0 0 104,454 Reverse repurchase agreements (6) 83,873 0 ... ... ... ... 83,873 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 Feb 1, 2012 Mortgage-backed securities held outright (1) 836,012 Commitments to buy mortgage-backed securities (2) 43,181 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 24 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 Feb 1, 2012 Net portfolio holdings of Maiden Lane LLC (1) 6,967 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) 1,391 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 Feb 1, 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) 577 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 Feb 1, 2012 Net portfolio holdings of Maiden Lane III LLC (1) 17,726 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) 703 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,558 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 Feb 1, 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 Feb 1, 2012 Wednesday Wednesday Assets, liabilities, and capital Jan 25, 2012 Feb 2, 2011 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 2,437 + 24 + 116 Securities, repurchase agreements, and loans 2,608,111 + 1,281 + 337,641 Securities held outright (1) 2,599,969 + 1,319 + 352,102 U.S. Treasury securities 1,662,459 + 930 + 524,293 Bills (2) 18,423 0 0 Notes and bonds, nominal (2) 1,565,905 + 668 + 504,690 Notes and bonds, inflation-indexed (2) 68,700 + 282 + 16,334 Inflation compensation (3) 9,431 - 20 + 3,269 Federal agency debt securities (2) 101,498 0 - 43,126 Mortgage-backed securities (4) 836,012 + 388 - 129,065 Repurchase agreements (5) 0 0 0 Loans 8,142 - 38 - 14,461 Net portfolio holdings of Maiden Lane LLC (6) 6,967 + 19 - 19,571 Net portfolio holdings of Maiden Lane II LLC (7) 9,508 0 - 6,526 Net portfolio holdings of Maiden Lane III LLC (8) 17,726 + 8 - 5,169 Net portfolio holdings of TALF LLC (9) 819 0 + 133 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (10) 0 0 0 Items in process of collection (93) 202 0 - 363 Bank premises 2,175 - 8 - 41 Central bank liquidity swaps (11) 104,454 + 1,283 + 104,384 Other assets (12) 158,616 + 2,775 + 43,986 Total assets (93) 2,927,251 + 5,382 + 454,589 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 Feb 1, 2012 Wednesday Wednesday Assets, liabilities, and capital Jan 25, 2012 Feb 2, 2011 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,028,912 + 4,236 + 87,291 Reverse repurchase agreements (13) 83,873 - 4,842 + 25,971 Deposits (0) 1,740,056 + 3,996 + 340,280 Term deposits held by depository institutions 3,079 0 + 3,079 Other deposits held by depository institutions 1,573,947 - 5,296 + 492,631 U.S. Treasury, General Account 120,691 + 8,753 + 2,816 U.S. Treasury, Supplementary Financing Account 0 0 - 199,963 Foreign official 141 + 16 + 11 Other (0) 42,198 + 523 + 41,706 Deferred availability cash items (93) 1,171 + 155 - 752 Other liabilities and accrued dividends (14) 18,638 + 1,038 + 234 Total liabilities (93) 2,872,649 + 4,581 + 453,022 Capital accounts Capital paid in 27,301 + 400 + 783 Surplus 27,301 + 400 + 783 Other capital accounts 0 0 0 Total capital 54,602 + 801 + 1,567 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, February 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 11,037 390 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 2,437 59 102 163 181 425 222 349 42 63 180 253 397 Securities, repurchase agreements, and loans 2,608,111 63,924 1,217,227 89,065 70,231 300,275 193,288 154,400 49,210 39,960 69,161 102,829 258,541 Securities held outright (1) 2,599,969 63,924 1,209,097 89,065 70,231 300,270 193,288 154,400 49,210 39,958 69,161 102,829 258,537 U.S. Treasury securities 1,662,459 40,874 773,115 56,949 44,906 191,997 123,592 98,726 31,465 25,549 44,222 65,750 165,312 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) 1,644,036 40,421 764,547 56,318 44,409 189,869 122,222 97,632 31,117 25,266 43,732 65,022 163,480 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) 836,012 20,555 388,782 28,638 22,582 96,551 62,151 49,647 15,823 12,848 22,238 33,064 83,132 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 8,142 0 8,130 0 0 5 0 0 0 2 0 0 4 Net portfolio holdings of Maiden Lane LLC (6) 6,967 0 6,967 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) 17,726 0 17,726 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 295 6 0 77 43 5 70 14 4 10 5 17 43 Bank premises 2,175 122 259 67 125 231 213 205 134 105 258 244 212 Central bank liquidity swaps (11) 104,454 3,662 33,694 9,060 7,722 21,607 5,973 2,787 854 426 1,039 1,673 15,957 Other assets (12) 158,616 4,208 69,760 6,829 5,535 20,823 11,365 8,540 2,757 2,179 3,791 5,674 17,153 Interdistrict settlement account 0 + 69 + 344,723 - 28,177 - 14,566 - 137,932 - 41,763 - 16,996 - 6,487 - 15,856 - 18,043 - 1,931 - 63,041 Total assets 2,927,344 72,637 1,706,469 77,725 69,958 206,720 171,417 150,576 46,984 27,174 56,862 109,769 231,053 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, February 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 1,213,940 44,112 436,537 45,757 56,879 95,015 143,647 88,653 33,762 20,983 34,430 79,600 134,565 Less: Notes held by F.R. Banks 185,028 5,119 56,795 6,576 9,849 12,024 27,605 13,089 4,301 5,375 4,033 12,454 27,809 Federal Reserve notes, net 1,028,912 38,992 379,742 39,181 47,030 82,991 116,042 75,564 29,461 15,608 30,397 67,147 106,756 Reverse repurchase agreements (13) 83,873 2,062 39,004 2,873 2,266 9,686 6,235 4,981 1,587 1,289 2,231 3,317 8,340 Deposits 1,740,056 28,979 1,256,263 30,525 16,198 101,833 45,224 68,029 15,254 9,659 23,425 37,993 106,672 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 1,573,947 28,951 1,092,885 29,900 16,148 100,613 45,217 67,634 15,251 9,594 23,173 37,986 106,593 U.S. Treasury, General Account 120,691 0 120,691 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 141 1 114 3 3 8 2 1 0 0 0 1 6 Other 42,198 6 41,951 5 0 201 0 30 0 0 1 2 1 Deferred availability cash items 1,264 50 1 127 169 25 178 40 31 212 41 94 295 Interest on Federal Reserve notes due to U.S. Treasury (14) 1,712 -291 925 92 70 277 128 109 34 35 43 67 222 Other liabilities and accrued dividends (15) 16,926 200 13,179 260 247 778 490 418 177 152 188 289 549 Total liabilities 2,872,742 69,993 1,689,115 73,059 65,980 195,591 168,298 149,141 46,543 26,955 56,326 108,907 222,834 Capital Capital paid in 27,301 1,322 8,677 2,333 1,989 5,564 1,559 718 220 109 268 431 4,109 Surplus 27,301 1,322 8,677 2,333 1,989 5,564 1,559 718 220 109 268 431 4,109 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 2,927,344 72,637 1,706,469 77,725 69,958 206,720 171,417 150,576 46,984 27,174 56,862 109,769 231,053 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, February 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. 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 Feb 1, 2012 Federal Reserve notes outstanding 1,213,940 Less: Notes held by F.R. Banks not subject to collateralization 185,028 Federal Reserve notes to be collateralized 1,028,912 Collateral held against Federal Reserve notes 1,028,912 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,012,675 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,599,969 Less: Face value of securities under reverse repurchase agreements 71,913 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,528,056 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.