FEDERAL RESERVE statistical release For Release at 4:30 P.M. EDT June 12, 2014 Table 10 line items “Less: Face value of securities under reverse repurchase agreements” and “U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged” have been corrected to include securities pledged as collateral for tri-party reverse repurchase agreements. The revised data are reported at the following link: http://www.federalreserve.gov/releases/h41/2014update.htm. Historical data incorporating this correction can be accessed through the Data Download Program (DDP) at http://www.federalreserve.gov/datadownload/Choose.aspx?rel=H41. FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks March 15, 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 Mar 14, 2012 Federal Reserve Banks Mar 14, 2012 Mar 7, 2012 Mar 16, 2011 Reserve Bank credit 2,871,570 + 6,695 + 303,350 2,876,003 Securities held outright (1) 2,608,509 + 10,282 + 243,490 2,613,456 U.S. Treasury securities 1,662,536 + 5,487 + 387,575 1,659,768 Bills (2) 18,423 0 0 18,423 Notes and bonds, nominal (2) 1,567,638 + 6,557 + 373,548 1,564,842 Notes and bonds, inflation-indexed (2) 67,558 - 950 + 11,701 67,558 Inflation compensation (3) 8,917 - 120 + 2,325 8,945 Federal agency debt securities (2) 99,803 - 579 - 42,702 99,803 Mortgage-backed securities (4) 846,170 + 5,374 - 101,382 853,885 Repurchase agreements (5) 0 0 0 0 Loans 7,422 - 98 - 12,628 7,381 Primary credit 19 + 15 + 12 3 Secondary credit 0 0 0 0 Seasonal credit 4 + 1 - 5 5 Term Asset-Backed Securities Loan Facility (6) 7,399 - 114 - 12,636 7,374 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 6,297 - 144 - 19,550 5,362 Net portfolio holdings of Maiden Lane II LLC (8) 3,635 - 188 - 12,257 3,635 Net portfolio holdings of Maiden Lane III LLC (9) 17,679 + 52 - 5,264 17,434 Net portfolio holdings of TALF LLC (10) 825 0 + 122 825 Float -890 + 123 + 552 -1,171 Central bank liquidity swaps (11) 64,873 - 6,513 + 64,873 64,873 Other Federal Reserve assets (12) 163,220 + 3,181 + 44,011 164,207 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (13) 44,338 + 14 + 563 44,338 Total factors supplying reserve funds 2,932,149 + 6,709 + 303,913 2,936,582 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 Mar 14, 2012 Federal Reserve Banks Mar 14, 2012 Mar 7, 2012 Mar 16, 2011 Currency in circulation (13) 1,095,198 + 2,553 + 94,187 1,096,987 Reverse repurchase agreements (14) 88,511 + 1,034 + 29,357 99,250 Foreign official and international accounts 87,714 + 509 + 28,560 97,750 Others 797 + 526 + 797 1,500 Treasury cash holdings 166 + 4 - 38 163 Deposits with F.R. Banks, other than reserve balances 93,379 + 15,928 - 6,143 101,434 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 41,816 + 4,853 - 272 45,420 U.S. Treasury, Supplementary Financing Account 0 0 - 49,991 0 Foreign official 127 0 - 7 127 Service-related 1,953 - 1 - 360 1,953 Required clearing balances 1,953 - 1 - 360 1,953 Adjustments to compensate for float 0 0 0 0 Other 49,483 + 11,077 + 44,487 53,934 Other liabilities and capital (15) 75,538 - 110 + 2,527 74,376 Total factors, other than reserve balances, absorbing reserve funds 1,352,791 + 19,408 + 119,889 1,372,210 Reserve balances with Federal Reserve Banks 1,579,358 - 12,699 + 184,024 1,564,372 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements. 6. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 7. Refer to table 4 and the note on consolidation accompanying table 9. 8. Refer to table 5 and the note on consolidation accompanying table 9. 9. Refer to table 6 and the note on consolidation accompanying table 9. 10. Refer to table 7 and the note on consolidation accompanying table 9. 11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 13. Estimated. 14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 15. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Refer to table 8 and table 9. Sources: Federal Reserve Banks and the U.S. Department of the Treasury. 1A. Memorandum Items Millions of dollars Averages of daily figures Wednesday Week ended Change from week ended Mar 14, 2012 Memorandum item Mar 14, 2012 Mar 7, 2012 Mar 16, 2011 Marketable securities held in custody for foreign official and international accounts (1) 3,466,136 + 4,879 + 64,870 3,472,793 U.S. Treasury securities 2,727,979 + 7,158 + 89,443 2,733,640 Federal agency securities (2) 738,158 - 2,278 - 24,572 739,154 Securities lent to dealers 20,811 + 143 + 6,505 22,173 Overnight facility (3) 20,811 + 143 + 6,505 22,173 U.S. Treasury securities 19,951 + 267 + 6,473 21,301 Federal agency debt securities 860 - 124 + 32 872 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, March 14, 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) 4 582 4,668 2,127 0 ... 7,381 U.S. Treasury securities (2) Holdings 17,067 27,886 55,709 591,007 697,055 271,044 1,659,768 Weekly changes - 3,520 + 3,522 + 1 - 8,619 + 5,124 + 3,981 + 489 Federal agency debt securities (3) Holdings 3,325 3,226 19,664 60,259 10,982 2,347 99,803 Weekly changes + 2,514 - 2,514 0 0 0 0 0 Mortgage-backed securities (4) Holdings 0 0 1 11 85 853,788 853,885 Weekly changes 0 0 0 0 0 + 13,089 + 13,089 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) 27,523 37,351 0 0 0 0 64,873 Reverse repurchase agreements (6) 99,250 0 ... ... ... ... 99,250 Term deposits 0 0 0 ... ... ... 0 Note: Components may not sum to totals because of rounding. . . . Not applicable. 1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation under generally accepted accounting principles. 2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the original face value of such securities. 3. Face value. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets. 6. Cash value of agreements. 7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 3. Supplemental Information on Mortgage-Backed Securities Millions of dollars Wednesday Account name Mar 14, 2012 Mortgage-backed securities held outright (1) 853,885 Commitments to buy mortgage-backed securities (2) 39,461 Commitments to sell mortgage-backed securities (2) 850 Cash and cash equivalents (3) 0 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 Mar 14, 2012 Net portfolio holdings of Maiden Lane LLC (1) 5,362 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 2,150 Accrued interest payable to the Federal Reserve Bank of New York (2) 762 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,400 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 Mar 14, 2012 Net portfolio holdings of Maiden Lane II LLC (1) 3,635 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0 Accrued interest payable to the Federal Reserve Bank of New York (2) 0 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 895 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 Mar 14, 2012 Net portfolio holdings of Maiden Lane III LLC (1) 17,434 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 8,271 Accrued interest payable to the Federal Reserve Bank of New York (2) 716 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,578 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 Mar 14, 2012 Asset-backed securities holdings (1) 0 Other investments, net 825 Net portfolio holdings of TALF LLC 825 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 Mar 14, 2012 Wednesday Wednesday Assets, liabilities, and capital Mar 7, 2012 Mar 16, 2011 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 2,342 - 20 + 135 Securities, repurchase agreements, and loans 2,620,837 + 13,529 + 236,405 Securities held outright (1) 2,613,456 + 13,578 + 248,973 U.S. Treasury securities 1,659,768 + 489 + 379,382 Bills (2) 18,423 0 0 Notes and bonds, nominal (2) 1,564,842 + 413 + 365,352 Notes and bonds, inflation-indexed (2) 67,558 0 + 11,701 Inflation compensation (3) 8,945 + 76 + 2,329 Federal agency debt securities (2) 99,803 0 - 40,191 Mortgage-backed securities (4) 853,885 + 13,089 - 90,218 Repurchase agreements (5) 0 0 0 Loans 7,381 - 49 - 12,568 Net portfolio holdings of Maiden Lane LLC (6) 5,362 - 1,091 - 20,195 Net portfolio holdings of Maiden Lane II LLC (7) 3,635 0 - 12,261 Net portfolio holdings of Maiden Lane III LLC (8) 17,434 - 286 - 5,479 Net portfolio holdings of TALF LLC (9) 825 0 + 122 Items in process of collection (311) 226 + 61 + 37 Bank premises 2,384 - 1 + 167 Central bank liquidity swaps (10) 64,873 - 6,513 + 64,873 Other assets (11) 161,693 + 3,114 + 44,928 Total assets (311) 2,895,849 + 8,795 + 308,734 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 Mar 14, 2012 Wednesday Wednesday Assets, liabilities, and capital Mar 7, 2012 Mar 16, 2011 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,055,150 + 1,890 + 93,283 Reverse repurchase agreements (12) 99,250 + 12,821 + 36,963 Deposits (0) 1,665,676 - 6,055 + 177,012 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 1,566,195 - 37,867 + 229,574 U.S. Treasury, General Account 45,420 + 18,983 - 56,051 U.S. Treasury, Supplementary Financing Account 0 0 - 49,991 Foreign official 127 0 + 4 Other (0) 53,934 + 12,828 + 53,476 Deferred availability cash items (311) 1,397 + 155 - 320 Other liabilities and accrued dividends (13) 19,927 - 20 - 86 Total liabilities (311) 2,841,399 + 8,790 + 306,850 Capital accounts Capital paid in 27,225 + 2 + 942 Surplus 27,225 + 2 + 942 Other capital accounts 0 0 0 Total capital 54,450 + 5 + 1,884 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 6. Refer to table 4 and the note on consolidation accompanying table 9. 7. Refer to table 5 and the note on consolidation accompanying table 9. 8. Refer to table 6 and the note on consolidation accompanying table 9. 9. Refer to table 7 and the note on consolidation accompanying table 9. 10. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 11. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 13. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. 9. Statement of Condition of Each Federal Reserve Bank, March 14, 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 2,342 62 118 162 167 416 198 330 31 60 175 230 391 Securities, repurchase agreements, and loans 2,620,837 64,257 1,222,744 89,527 70,596 301,828 194,291 155,201 49,465 40,165 69,523 103,362 259,878 Securities held outright (1) 2,613,456 64,256 1,215,369 89,527 70,595 301,828 194,291 155,201 49,465 40,165 69,519 103,362 259,878 U.S. Treasury securities 1,659,768 40,808 771,863 56,857 44,834 191,686 123,391 98,566 31,414 25,508 44,151 65,644 165,045 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) 1,641,345 40,355 763,296 56,226 44,336 189,559 122,022 97,472 31,066 25,225 43,661 64,915 163,213 Federal agency debt securities (2) 99,803 2,454 46,413 3,419 2,696 11,526 7,420 5,927 1,889 1,534 2,655 3,947 9,924 Mortgage-backed securities (4) 853,885 20,994 397,093 29,251 23,065 98,615 63,480 50,708 16,162 13,123 22,714 33,771 84,909 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 7,381 1 7,375 0 1 0 0 0 0 0 3 0 0 Net portfolio holdings of Maiden Lane LLC (6) 5,362 0 5,362 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (7) 3,635 0 3,635 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (8) 17,434 0 17,434 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF LLC (9) 825 0 825 0 0 0 0 0 0 0 0 0 0 Items in process of collection 536 5 0 47 33 100 268 12 5 8 3 10 45 Bank premises 2,384 123 472 67 125 231 212 204 133 105 258 244 212 Central bank liquidity swaps (10) 64,873 2,274 20,926 5,627 4,796 13,419 3,709 1,731 531 265 645 1,039 9,910 Other assets (11) 161,693 4,262 71,340 6,898 5,548 21,074 11,622 8,765 2,812 2,238 3,890 5,849 17,395 Interdistrict settlement account 0 - 2,693 + 202,250 + 3,665 + 890 - 123,874 - 31,908 - 12,926 - 5,566 - 13,712 - 15,933 + 2,103 - 2,297 Total assets 2,896,159 68,877 1,550,792 106,634 82,842 214,479 180,441 154,595 47,881 29,416 59,031 113,847 287,326 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, March 14, 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 1,230,340 44,110 437,677 48,503 60,027 103,018 143,291 89,199 33,459 22,299 35,225 79,018 134,512 Less: Notes held by F.R. Banks 175,190 4,747 59,346 6,010 7,986 11,195 27,158 11,759 4,058 4,432 3,615 10,973 23,911 Federal Reserve notes, net 1,055,150 39,363 378,332 42,493 52,041 91,823 116,133 77,440 29,401 17,867 31,610 68,045 110,602 Reverse repurchase agreements (12) 99,250 2,440 46,156 3,400 2,681 11,462 7,379 5,894 1,879 1,525 2,640 3,925 9,869 Deposits 1,665,676 24,276 1,093,461 55,764 23,436 99,234 52,766 69,277 15,921 9,321 23,968 40,580 157,671 Term deposits held by depository institutions 0 0 0 0 0 0 0 0 0 0 0 0 0 Other deposits held by depository institutions 1,566,195 24,273 994,173 55,751 23,433 99,135 52,764 69,234 15,920 9,307 23,967 40,579 157,660 U.S. Treasury, General Account 45,420 0 45,420 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 127 1 100 3 3 8 2 1 0 0 0 1 6 Other 53,934 1 53,768 10 1 90 0 42 0 14 1 1 6 Deferred availability cash items 1,707 37 0 141 216 116 481 26 27 297 34 72 259 Interest on Federal Reserve notes due to U.S. Treasury (13) 1,264 -98 775 26 -28 111 110 96 30 25 44 65 108 Other liabilities and accrued dividends (14) 18,663 214 14,713 283 265 816 516 426 183 162 198 296 591 Total liabilities 2,841,710 66,232 1,533,436 102,108 78,612 203,562 177,385 153,160 47,441 29,197 58,494 112,983 279,100 Capital Capital paid in 27,225 1,322 8,678 2,263 2,115 5,458 1,528 718 220 109 268 432 4,113 Surplus 27,225 1,322 8,678 2,263 2,115 5,458 1,528 718 220 109 268 432 4,113 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 2,896,159 68,877 1,550,792 106,634 82,842 214,479 180,441 154,595 47,881 29,416 59,031 113,847 287,326 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, March 14, 2012 (continued) 1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. 2. Face value of the securities. 3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 6. Refer to table 4 and the note on consolidation below. 7. Refer to table 5 and the note on consolidation below. 8. Refer to table 6 and the note on consolidation below. 9. Refer to table 7 and the note on consolidation below. 10. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 11. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 13. Represents the estimated weekly remittances to U.S Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount necessary to equate surplus with capital paid-in. 14. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below. Note on consolidation: The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility. The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 8). 10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts Millions of dollars Wednesday Federal Reserve notes and collateral Mar 14, 2012 Federal Reserve notes outstanding 1,230,340 Less: Notes held by F.R. Banks not subject to collateralization 175,190 Federal Reserve notes to be collateralized 1,055,150 Collateral held against Federal Reserve notes 1,055,150 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,038,913 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,613,456 Less: Face value of securities under reverse repurchase agreements 89,020 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,524,436 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.