FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks February 9, 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 8, 2012 Federal Reserve Banks Feb 8, 2012 Feb 1, 2012 Feb 9, 2011 Reserve Bank credit 2,913,546 + 7,870 + 444,124 2,910,679 Securities held outright (1) 2,602,532 + 3,565 + 339,024 2,598,220 U.S. Treasury securities 1,665,017 + 3,395 + 511,210 1,660,692 Bills (2) 18,423 0 0 18,423 Notes and bonds, nominal (2) 1,568,723 + 3,463 + 491,882 1,565,806 Notes and bonds, inflation-indexed (2) 68,510 + 11 + 16,144 67,370 Inflation compensation (3) 9,360 - 81 + 3,182 9,093 Federal agency debt securities (2) 101,498 0 - 43,126 101,498 Mortgage-backed securities (4) 836,018 + 171 - 129,059 836,030 Repurchase agreements (5) 0 0 0 0 Loans 8,139 - 48 - 14,268 8,132 Primary credit 8 - 36 - 40 3 Secondary credit 0 0 0 0 Seasonal credit 2 - 2 + 2 2 Credit extended to American International Group, Inc., net (6) 0 0 0 0 Term Asset-Backed Securities Loan Facility (7) 8,129 - 10 - 14,230 8,127 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (8) 6,971 + 18 - 19,571 6,995 Net portfolio holdings of Maiden Lane II LLC (9) 6,351 - 3,157 - 9,684 6,712 Net portfolio holdings of Maiden Lane III LLC (10) 17,744 + 24 - 5,170 17,856 Net portfolio holdings of TALF LLC (11) 819 0 + 133 819 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (6) 0 0 0 0 Float -1,033 - 125 + 669 -1,037 Central bank liquidity swaps (12) 108,757 + 4,303 + 108,687 108,757 Other Federal Reserve assets (13) 163,265 + 3,289 + 44,303 164,227 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (14) 44,319 + 14 + 596 44,319 Total factors supplying reserve funds 2,974,106 + 7,884 + 444,720 2,971,239 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 8, 2012 Federal Reserve Banks Feb 8, 2012 Feb 1, 2012 Feb 9, 2011 Currency in circulation (14) 1,074,089 + 6,735 + 87,947 1,078,695 Reverse repurchase agreements (15) 87,228 - 2,387 + 27,729 86,755 Foreign official and international accounts 87,228 - 2,387 + 27,729 86,755 Others 0 0 0 0 Treasury cash holdings 144 + 1 - 35 148 Deposits with F.R. Banks, other than reserve balances 137,842 - 25,320 - 121,279 99,729 Term deposits held by depository institutions 3,079 0 + 3,079 3,079 U.S. Treasury, General Account 87,962 - 29,592 + 6,745 49,136 U.S. Treasury, Supplementary Financing Account 0 0 - 174,967 0 Foreign official 126 - 2 - 1 126 Service-related 1,977 0 - 375 1,977 Required clearing balances 1,977 0 - 375 1,977 Adjustments to compensate for float 0 0 0 0 Other 44,699 + 4,275 + 44,241 45,411 Funds from American International Group, Inc. asset dispositions, held as agent (6) 0 0 0 0 Other liabilities and capital (16) 74,026 + 910 + 1,972 74,153 Total factors, other than reserve balances, absorbing reserve funds 1,373,329 - 20,060 - 3,665 1,339,480 Reserve balances with Federal Reserve Banks 1,600,777 + 27,943 + 448,385 1,631,759 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 8, 2012 Memorandum item Feb 8, 2012 Feb 1, 2012 Feb 9, 2011 Marketable securities held in custody for foreign official and international accounts (1) 3,421,130 + 11,319 + 58,028 3,435,792 U.S. Treasury securities 2,692,533 + 11,323 + 79,092 2,706,434 Federal agency securities (2) 728,598 - 2 - 21,063 729,358 Securities lent to dealers 13,974 + 1,314 - 4,694 13,050 Overnight facility (3) 13,974 + 1,314 - 4,694 13,050 U.S. Treasury securities 12,777 + 1,261 - 4,653 11,842 Federal agency debt securities 1,198 + 54 - 40 1,208 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 8, 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) 3 13 4,766 3,350 0 ... 8,132 U.S. Treasury securities (2) Holdings 24,784 25,975 56,826 624,741 677,832 250,533 1,660,692 Weekly changes + 3,867 - 3,868 - 9,452 - 790 + 4,941 + 3,534 - 1,767 Federal agency debt securities (3) Holdings 681 6,246 19,460 58,931 13,833 2,347 101,498 Weekly changes 0 0 0 0 0 0 0 Mortgage-backed securities (4) Holdings 0 0 1 12 77 835,941 836,030 Weekly changes 0 0 + 1 0 + 4 + 14 + 18 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) 5,310 103,447 0 0 0 0 108,757 Reverse repurchase agreements (6) 86,755 0 ... ... ... ... 86,755 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 8, 2012 Mortgage-backed securities held outright (1) 836,030 Commitments to buy mortgage-backed securities (2) 49,413 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 14 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 8, 2012 Net portfolio holdings of Maiden Lane LLC (1) 6,995 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) 759 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,393 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 8, 2012 Net portfolio holdings of Maiden Lane II LLC (1) 6,712 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 2,867 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) 1,110 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. 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 8, 2012 Net portfolio holdings of Maiden Lane III LLC (1) 17,856 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) 705 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,561 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 8, 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 8, 2012 Wednesday Wednesday Assets, liabilities, and capital Feb 1, 2012 Feb 9, 2011 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 2,447 + 10 + 138 Securities, repurchase agreements, and loans 2,606,352 - 1,759 + 307,452 Securities held outright (1) 2,598,220 - 1,749 + 321,432 U.S. Treasury securities 1,660,692 - 1,767 + 493,605 Bills (2) 18,423 0 0 Notes and bonds, nominal (2) 1,565,806 - 99 + 475,695 Notes and bonds, inflation-indexed (2) 67,370 - 1,330 + 15,004 Inflation compensation (3) 9,093 - 338 + 2,906 Federal agency debt securities (2) 101,498 0 - 43,126 Mortgage-backed securities (4) 836,030 + 18 - 129,047 Repurchase agreements (5) 0 0 0 Loans 8,132 - 10 - 13,980 Net portfolio holdings of Maiden Lane LLC (6) 6,995 + 28 - 19,570 Net portfolio holdings of Maiden Lane II LLC (7) 6,712 - 2,796 - 9,326 Net portfolio holdings of Maiden Lane III LLC (8) 17,856 + 130 - 5,172 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 (91) 170 - 32 + 227 Bank premises 2,177 + 2 - 39 Central bank liquidity swaps (11) 108,757 + 4,303 + 108,687 Other assets (12) 162,049 + 3,433 + 44,059 Total assets (91) 2,930,570 + 3,319 + 426,589 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 8, 2012 Wednesday Wednesday Assets, liabilities, and capital Feb 1, 2012 Feb 9, 2011 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,036,968 + 8,056 + 89,708 Reverse repurchase agreements (13) 86,755 + 2,882 + 30,733 Deposits (0) 1,731,487 - 8,569 + 304,160 Term deposits held by depository institutions 3,079 0 + 3,079 Other deposits held by depository institutions 1,633,735 + 59,788 + 444,485 U.S. Treasury, General Account 49,136 - 71,555 - 13,380 U.S. Treasury, Supplementary Financing Account 0 0 - 174,967 Foreign official 126 - 15 + 8 Other (0) 45,411 + 3,213 + 44,934 Deferred availability cash items (91) 1,207 + 36 - 1,021 Other liabilities and accrued dividends (14) 19,609 + 971 + 1,487 Total liabilities (91) 2,876,025 + 3,376 + 425,066 Capital accounts Capital paid in 27,272 - 29 + 761 Surplus 27,272 - 29 + 761 Other capital accounts 0 0 0 Total capital 54,545 - 57 + 1,523 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 8, 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 2,447 58 107 164 184 428 222 347 40 62 182 253 400 Securities, repurchase agreements, and loans 2,606,352 63,881 1,216,410 89,005 70,183 300,068 193,159 154,297 49,177 39,933 69,114 102,760 258,364 Securities held outright (1) 2,598,220 63,881 1,208,284 89,005 70,183 300,068 193,158 154,296 49,177 39,931 69,114 102,760 258,363 U.S. Treasury securities 1,660,692 40,831 772,293 56,889 44,859 191,793 123,460 98,621 31,432 25,522 44,175 65,681 165,137 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) 1,642,269 40,378 763,726 56,258 44,361 189,665 122,091 97,527 31,083 25,239 43,685 64,952 163,305 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) 836,030 20,555 388,790 28,639 22,583 96,553 62,153 49,648 15,824 12,849 22,239 33,065 83,134 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 8,132 0 8,127 0 0 0 1 1 0 2 0 0 1 Net portfolio holdings of Maiden Lane LLC (6) 6,995 0 6,995 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (7) 6,712 0 6,712 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (8) 17,856 0 17,856 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 261 8 0 59 38 4 53 18 6 7 5 13 49 Bank premises 2,177 124 259 67 125 231 213 205 134 105 258 244 212 Central bank liquidity swaps (11) 108,757 3,813 35,082 9,433 8,040 22,497 6,219 2,902 889 444 1,082 1,742 16,615 Other assets (12) 162,049 4,292 71,342 6,943 5,625 21,216 11,623 8,745 2,823 2,236 3,883 5,830 17,490 Interdistrict settlement account 0 - 6,856 + 306,706 - 24,156 - 10,722 - 119,909 - 38,801 - 11,785 - 4,321 - 15,604 - 14,339 - 2,229 - 57,982 Total assets 2,930,661 65,905 1,667,971 82,158 74,161 225,819 174,735 156,008 49,216 27,470 60,655 109,623 236,939 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 8, 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 1,217,944 44,220 438,290 45,719 58,502 96,341 143,326 88,588 33,739 20,876 34,403 79,468 134,472 Less: Notes held by F.R. Banks 180,977 4,956 57,458 6,317 9,329 11,636 26,852 12,512 3,910 5,197 4,032 11,938 26,841 Federal Reserve notes, net 1,036,968 39,264 380,832 39,402 49,173 84,705 116,474 76,076 29,829 15,679 30,372 67,529 107,631 Reverse repurchase agreements (13) 86,755 2,133 40,345 2,972 2,343 10,019 6,450 5,152 1,642 1,333 2,308 3,431 8,627 Deposits 1,731,487 21,863 1,214,137 34,679 18,189 118,990 47,943 72,786 17,063 9,872 27,167 37,360 111,437 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 1,633,735 21,840 1,119,054 34,059 18,139 117,826 47,936 72,390 17,059 9,807 26,915 37,352 111,358 U.S. Treasury, General Account 49,136 0 49,136 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 126 1 99 3 3 8 2 1 0 0 0 1 6 Other 45,411 2 45,227 0 0 145 0 32 0 0 1 2 1 Deferred availability cash items 1,298 52 0 127 180 24 196 46 36 186 43 88 320 Interest on Federal Reserve notes due to U.S. Treasury (14) 960 -259 446 44 28 165 168 87 26 22 38 58 139 Other liabilities and accrued dividends (15) 18,649 209 14,819 266 251 790 503 425 180 158 191 293 565 Total liabilities 2,876,116 63,261 1,650,578 77,492 70,165 214,694 171,732 154,571 48,775 27,251 60,119 108,759 228,719 Capital Capital paid in 27,272 1,322 8,697 2,333 1,998 5,563 1,502 718 220 109 268 432 4,110 Surplus 27,272 1,322 8,697 2,333 1,998 5,563 1,502 718 220 109 268 432 4,110 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 2,930,661 65,905 1,667,971 82,158 74,161 225,819 174,735 156,008 49,216 27,470 60,655 109,623 236,939 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 8, 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 8, 2012 Federal Reserve notes outstanding 1,217,944 Less: Notes held by F.R. Banks not subject to collateralization 180,977 Federal Reserve notes to be collateralized 1,036,968 Collateral held against Federal Reserve notes 1,036,968 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,020,731 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,598,220 Less: Face value of securities under reverse repurchase agreements 74,989 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,523,231 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.