FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks April 12, 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 Apr 11, 2012 Federal Reserve Banks Apr 11, 2012 Apr 4, 2012 Apr 13, 2011 Reserve Bank credit 2,844,188 + 994 + 200,904 2,849,900 Securities held outright (1) 2,609,805 + 11,743 + 172,732 2,614,364 U.S. Treasury securities 1,676,534 + 11,741 + 308,422 1,681,093 Bills (2) 18,423 0 0 18,423 Notes and bonds, nominal (2) 1,579,050 + 10,772 + 295,779 1,584,710 Notes and bonds, inflation-indexed (2) 69,654 + 794 + 10,168 68,754 Inflation compensation (3) 9,407 + 175 + 2,475 9,206 Federal agency debt securities (2) 96,478 0 - 35,328 96,478 Mortgage-backed securities (4) 836,793 + 1 - 100,362 836,793 Repurchase agreements (5) 0 0 0 0 Loans 7,057 - 13 - 11,185 7,020 Primary credit 3 - 7 - 18 10 Secondary credit 0 0 0 0 Seasonal credit 8 + 4 + 3 9 Term Asset-Backed Securities Loan Facility (6) 7,046 - 10 - 11,170 7,001 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 5,445 + 4 - 20,174 5,470 Net portfolio holdings of Maiden Lane II LLC (8) 19 0 - 15,800 19 Net portfolio holdings of Maiden Lane III LLC (9) 17,518 + 52 - 5,496 17,586 Net portfolio holdings of TALF LLC (10) 831 0 + 113 831 Float -798 + 236 + 533 -940 Central bank liquidity swaps (11) 32,471 - 14,011 + 32,471 32,471 Other Federal Reserve assets (12) 171,841 + 2,983 + 47,710 173,079 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (13) 44,373 + 14 + 532 44,373 Total factors supplying reserve funds 2,904,802 + 1,008 + 201,436 2,910,514 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 Apr 11, 2012 Federal Reserve Banks Apr 11, 2012 Apr 4, 2012 Apr 13, 2011 Currency in circulation (13) 1,100,922 + 1,475 + 91,518 1,101,812 Reverse repurchase agreements (14) 89,925 + 403 + 33,126 88,889 Foreign official and international accounts 89,925 + 403 + 33,126 88,889 Others 0 0 0 0 Treasury cash holdings 142 - 7 - 74 139 Deposits with F.R. Banks, other than reserve balances 89,004 - 2,961 + 47,468 78,636 Term deposits held by depository institutions 3,057 0 - 2,024 3,057 U.S. Treasury, General Account 45,289 - 9,610 + 19,870 35,524 U.S. Treasury, Supplementary Financing Account 0 0 - 5,000 0 Foreign official 132 + 5 + 3 127 Service-related 1,930 - 7 - 621 1,930 Required clearing balances 1,930 - 7 - 621 1,930 Adjustments to compensate for float 0 0 0 0 Other 38,597 + 6,652 + 35,240 37,997 Other liabilities and capital (15) 74,052 + 180 + 890 74,176 Total factors, other than reserve balances, absorbing reserve funds 1,354,046 - 909 + 172,929 1,343,652 Reserve balances with Federal Reserve Banks 1,550,756 + 1,917 + 28,507 1,566,862 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 Apr 11, 2012 Memorandum item Apr 11, 2012 Apr 4, 2012 Apr 13, 2011 Marketable securities held in custody for foreign official and international accounts (1) 3,489,207 + 1,731 + 71,398 3,485,568 U.S. Treasury securities 2,759,418 + 5,580 + 104,499 2,756,635 Federal agency securities (2) 729,789 - 3,849 - 33,101 728,933 Securities lent to dealers 19,057 - 1,548 - 5,414 17,228 Overnight facility (3) 19,057 - 1,548 - 5,414 17,228 U.S. Treasury securities 18,231 - 1,586 - 5,051 16,452 Federal agency debt securities 825 + 37 - 365 776 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, April 11, 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) 22 566 4,397 2,034 0 ... 7,020 U.S. Treasury securities (2) Holdings 24,493 19,204 52,712 575,194 721,325 288,165 1,681,093 Weekly changes - 3,518 + 3,520 - 1,473 - 96 + 9,534 + 3,756 + 11,722 Federal agency debt securities (3) Holdings 1,907 3,087 19,431 58,724 10,982 2,347 96,478 Weekly changes + 629 - 629 + 370 - 370 0 0 0 Mortgage-backed securities (4) Holdings 0 0 2 9 103 836,679 836,793 Weekly changes 0 0 0 0 0 0 0 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) 10,736 21,735 0 0 0 0 32,471 Reverse repurchase agreements (6) 88,889 0 ... ... ... ... 88,889 Term deposits 3,057 0 0 ... ... ... 3,057 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 Apr 11, 2012 Mortgage-backed securities held outright (1) 836,793 Commitments to buy mortgage-backed securities (2) 56,318 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 4 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 Apr 11, 2012 Net portfolio holdings of Maiden Lane LLC (1) 5,470 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) 764 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,405 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 Apr 11, 2012 Net portfolio holdings of Maiden Lane II LLC (1) 19 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0 Accrued interest payable to the Federal Reserve Bank of New York (2) 0 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 0 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of 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 Apr 11, 2012 Net portfolio holdings of Maiden Lane III LLC (1) 17,586 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) 725 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,592 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 Apr 11, 2012 Asset-backed securities holdings (1) 0 Other investments, net 831 Net portfolio holdings of TALF LLC 831 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 Apr 11, 2012 Wednesday Wednesday Assets, liabilities, and capital Apr 4, 2012 Apr 13, 2011 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 2,269 - 24 + 90 Securities, repurchase agreements, and loans 2,621,384 + 11,669 + 160,791 Securities held outright (1) 2,614,364 + 11,722 + 171,626 U.S. Treasury securities 1,681,093 + 11,722 + 306,398 Bills (2) 18,423 0 0 Notes and bonds, nominal (2) 1,584,710 + 13,223 + 294,884 Notes and bonds, inflation-indexed (2) 68,754 - 1,260 + 9,268 Inflation compensation (3) 9,206 - 241 + 2,246 Federal agency debt securities (2) 96,478 0 - 34,410 Mortgage-backed securities (4) 836,793 0 - 100,362 Repurchase agreements (5) 0 0 0 Loans 7,020 - 52 - 10,835 Net portfolio holdings of Maiden Lane LLC (6) 5,470 + 30 - 20,142 Net portfolio holdings of Maiden Lane II LLC (7) 19 0 - 15,828 Net portfolio holdings of Maiden Lane III LLC (8) 17,586 + 79 - 5,465 Net portfolio holdings of TALF LLC (9) 831 0 + 113 Items in process of collection (67) 166 + 753 + 36 Bank premises 2,353 + 1 + 140 Central bank liquidity swaps (10) 32,471 - 14,011 + 32,471 Other assets (11) 170,734 + 3,221 + 47,732 Total assets (67) 2,869,519 + 1,719 + 199,936 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 Apr 11, 2012 Wednesday Wednesday Assets, liabilities, and capital Apr 4, 2012 Apr 13, 2011 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,059,842 + 322 + 90,058 Reverse repurchase agreements (12) 88,889 + 5,538 + 34,867 Deposits (0) 1,645,506 - 5,501 + 74,224 Term deposits held by depository institutions 3,057 0 - 2,024 Other deposits held by depository institutions 1,568,800 + 6,448 + 34,606 U.S. Treasury, General Account 35,524 - 21,250 + 10,752 U.S. Treasury, Supplementary Financing Account 0 0 - 5,000 Foreign official 127 0 + 4 Other (0) 37,997 + 9,300 + 35,885 Deferred availability cash items (67) 1,106 - 181 - 556 Other liabilities and accrued dividends (13) 19,735 + 1,534 - 516 Total liabilities (67) 2,815,078 + 1,712 + 198,077 Capital accounts Capital paid in 27,220 + 3 + 929 Surplus 27,220 + 3 + 929 Other capital accounts 0 0 0 Total capital 54,441 + 7 + 1,859 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, April 11, 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 2,269 55 112 154 161 406 197 325 32 60 170 222 375 Securities, repurchase agreements, and loans 2,621,384 64,282 1,222,794 89,558 70,619 301,932 194,359 155,266 49,482 40,180 69,543 103,400 259,969 Securities held outright (1) 2,614,364 64,278 1,215,792 89,558 70,619 301,932 194,359 155,255 49,482 40,179 69,543 103,398 259,968 U.S. Treasury securities 1,681,093 41,332 781,780 57,588 45,410 194,149 124,977 99,832 31,818 25,836 44,718 66,487 167,165 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) 1,662,671 40,879 773,213 56,957 44,912 192,022 123,607 98,738 31,469 25,553 44,228 65,759 165,333 Federal agency debt securities (2) 96,478 2,372 44,866 3,305 2,606 11,142 7,172 5,729 1,826 1,483 2,566 3,816 9,594 Mortgage-backed securities (4) 836,793 20,574 389,145 28,665 22,604 96,641 62,209 49,693 15,838 12,860 22,259 33,095 83,209 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 7,020 4 7,002 0 0 0 0 11 0 1 0 2 0 Net portfolio holdings of Maiden Lane LLC (6) 5,470 0 5,470 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (7) 19 0 19 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (8) 17,586 0 17,586 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF LLC (9) 831 0 831 0 0 0 0 0 0 0 0 0 0 Items in process of collection 233 8 0 45 35 3 58 14 5 11 3 9 40 Bank premises 2,353 122 445 66 124 231 212 203 133 105 257 243 212 Central bank liquidity swaps (10) 32,471 1,138 10,474 2,816 2,401 6,717 1,857 866 266 132 323 520 4,960 Other assets (11) 170,734 4,492 75,476 7,205 5,818 22,153 12,288 9,291 2,992 2,378 4,126 6,195 18,322 Interdistrict settlement account 0 - 110 + 188,402 + 8,859 - 2,813 - 105,395 - 35,232 - 2,448 - 6,017 - 13,791 - 13,676 + 2,363 - 20,143 Total assets 2,869,586 70,574 1,527,295 109,346 77,031 227,331 175,787 164,795 47,361 29,362 61,217 113,962 265,525 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, April 11, 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 1,238,077 45,909 435,220 48,242 59,999 102,579 143,843 95,429 33,221 22,610 37,760 78,449 134,817 Less: Notes held by F.R. Banks 178,235 4,666 64,142 5,739 7,910 10,968 26,521 11,952 4,191 4,180 3,837 11,109 23,021 Federal Reserve notes, net 1,059,842 41,243 371,079 42,503 52,090 91,611 117,323 83,476 29,030 18,430 33,923 67,340 111,796 Reverse repurchase agreements (12) 88,889 2,185 41,337 3,045 2,401 10,266 6,608 5,279 1,682 1,366 2,365 3,516 8,839 Deposits 1,645,506 24,199 1,082,675 58,929 17,874 113,468 47,958 73,956 15,965 8,951 24,117 41,825 135,590 Term deposits held by depository institutions 3,057 15 2,094 451 0 43 5 8 0 76 0 5 361 Other deposits held by depository institutions 1,568,800 24,180 1,007,214 58,460 17,870 113,221 47,950 73,914 15,964 8,874 24,115 41,818 135,218 U.S. Treasury, General Account 35,524 0 35,524 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 37,998 3 37,743 14 1 196 0 32 0 0 1 1 6 Deferred availability cash items 1,172 42 0 100 111 23 220 29 30 215 38 66 298 Interest on Federal Reserve notes due to U.S. Treasury (13) 1,929 49 927 71 59 233 129 106 32 21 43 67 194 Other liabilities and accrued dividends (14) 17,806 210 13,923 284 267 814 493 409 181 160 193 288 585 Total liabilities 2,815,145 67,929 1,509,941 104,931 72,801 216,414 172,730 163,255 46,920 29,143 60,678 113,102 257,302 Capital Capital paid in 27,220 1,323 8,677 2,207 2,115 5,458 1,528 770 220 110 270 430 4,112 Surplus 27,220 1,323 8,677 2,207 2,115 5,458 1,528 770 220 110 270 430 4,112 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 2,869,586 70,574 1,527,295 109,346 77,031 227,331 175,787 164,795 47,361 29,362 61,217 113,962 265,525 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, April 11, 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 Apr 11, 2012 Federal Reserve notes outstanding 1,238,077 Less: Notes held by F.R. Banks not subject to collateralization 178,235 Federal Reserve notes to be collateralized 1,059,842 Collateral held against Federal Reserve notes 1,059,842 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,043,605 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,614,364 Less: Face value of securities under reverse repurchase agreements 77,423 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,536,942 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.