FRB: H.4.1 Release--Factors Affecting Reserve Balances--March 15, 2012

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

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.

Statistical releases