FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks April 5, 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 4, 2012 Federal Reserve Banks Apr 4, 2012 Mar 28, 2012 Apr 6, 2011 Reserve Bank credit 2,843,194 - 29,520 + 223,564 2,848,006 Securities held outright (1) 2,598,062 - 11,795 + 182,754 2,602,642 U.S. Treasury securities 1,664,793 - 3,148 + 319,135 1,669,371 Bills (2) 18,423 0 0 18,423 Notes and bonds, nominal (2) 1,568,278 - 3,444 + 307,384 1,571,487 Notes and bonds, inflation-indexed (2) 68,860 + 193 + 9,374 70,014 Inflation compensation (3) 9,232 + 103 + 2,376 9,447 Federal agency debt securities (2) 96,478 - 359 - 36,017 96,478 Mortgage-backed securities (4) 836,792 - 8,287 - 100,363 836,793 Repurchase agreements (5) 0 0 0 0 Loans 7,070 - 7 - 11,959 7,072 Primary credit 10 + 6 - 20 12 Secondary credit 0 0 0 0 Seasonal credit 4 - 1 + 1 7 Term Asset-Backed Securities Loan Facility (6) 7,056 - 11 - 11,940 7,054 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 5,441 + 19 - 20,144 5,440 Net portfolio holdings of Maiden Lane II LLC (8) 19 0 - 15,848 19 Net portfolio holdings of Maiden Lane III LLC (9) 17,466 + 16 - 5,473 17,507 Net portfolio holdings of TALF LLC (10) 831 0 + 113 831 Float -1,034 - 199 + 318 -1,875 Central bank liquidity swaps (11) 46,482 - 18,587 + 46,482 46,482 Other Federal Reserve assets (12) 168,858 + 1,033 + 47,321 169,888 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (13) 44,359 + 14 + 569 44,359 Total factors supplying reserve funds 2,903,794 - 29,507 + 224,133 2,908,607 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 4, 2012 Federal Reserve Banks Apr 4, 2012 Mar 28, 2012 Apr 6, 2011 Currency in circulation (13) 1,099,447 + 2,913 + 93,137 1,101,448 Reverse repurchase agreements (14) 89,522 + 4,438 + 28,473 83,351 Foreign official and international accounts 89,522 + 4,438 + 29,995 83,351 Others 0 0 - 1,521 0 Treasury cash holdings 149 - 10 - 61 143 Deposits with F.R. Banks, other than reserve balances 91,965 - 58,925 + 24,665 90,592 Term deposits held by depository institutions 3,057 0 + 3,057 3,057 U.S. Treasury, General Account 54,899 - 29,144 + 97 56,774 U.S. Treasury, Supplementary Financing Account 0 0 - 5,000 0 Foreign official 127 - 10 - 8 127 Service-related 1,937 0 - 574 1,937 Required clearing balances 1,937 0 - 574 1,937 Adjustments to compensate for float 0 0 0 0 Other 31,945 - 29,772 + 27,092 28,697 Other liabilities and capital (15) 73,872 - 242 + 1,470 72,635 Total factors, other than reserve balances, absorbing reserve funds 1,354,955 - 51,825 + 147,684 1,348,169 Reserve balances with Federal Reserve Banks 1,548,839 + 22,318 + 76,449 1,560,438 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 4, 2012 Memorandum item Apr 4, 2012 Mar 28, 2012 Apr 6, 2011 Marketable securities held in custody for foreign official and international accounts (1) 3,487,476 + 13,328 + 80,087 3,489,654 U.S. Treasury securities 2,753,838 + 12,968 + 111,066 2,756,983 Federal agency securities (2) 733,638 + 360 - 30,979 732,671 Securities lent to dealers 20,605 + 826 - 7,560 18,845 Overnight facility (3) 20,605 + 826 - 7,560 18,845 U.S. Treasury securities 19,817 + 755 - 7,174 18,019 Federal agency debt securities 788 + 71 - 386 826 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 4, 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) 23 566 4,450 2,034 0 ... 7,072 U.S. Treasury securities (2) Holdings 28,011 15,684 54,185 575,290 711,791 284,409 1,669,371 Weekly changes + 13,523 - 14,862 + 2,086 + 336 + 83 + 3,292 + 4,460 Federal agency debt securities (3) Holdings 1,278 3,716 19,061 59,094 10,982 2,347 96,478 Weekly changes + 1,278 - 1,278 0 0 0 0 0 Mortgage-backed securities (4) Holdings 0 0 2 9 103 836,679 836,793 Weekly changes 0 0 + 1 - 1 + 6 + 1 + 7 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) 15,437 31,045 0 0 0 0 46,482 Reverse repurchase agreements (6) 83,351 0 ... ... ... ... 83,351 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 4, 2012 Mortgage-backed securities held outright (1) 836,793 Commitments to buy mortgage-backed securities (2) 50,718 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 10 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 4, 2012 Net portfolio holdings of Maiden Lane LLC (1) 5,440 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) 763 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,404 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 4, 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 4, 2012 Net portfolio holdings of Maiden Lane III LLC (1) 17,507 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) 723 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,589 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 4, 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 4, 2012 Wednesday Wednesday Assets, liabilities, and capital Mar 28, 2012 Apr 6, 2011 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 2,293 - 26 + 114 Securities, repurchase agreements, and loans 2,609,715 + 4,479 + 163,364 Securities held outright (1) 2,602,642 + 4,467 + 174,785 U.S. Treasury securities 1,669,371 + 4,460 + 311,164 Bills (2) 18,423 0 0 Notes and bonds, nominal (2) 1,571,487 + 2,823 + 298,072 Notes and bonds, inflation-indexed (2) 70,014 + 1,347 + 10,528 Inflation compensation (3) 9,447 + 289 + 2,563 Federal agency debt securities (2) 96,478 0 - 36,017 Mortgage-backed securities (4) 836,793 + 7 - 100,362 Repurchase agreements (5) 0 0 0 Loans 7,072 + 11 - 11,422 Net portfolio holdings of Maiden Lane LLC (6) 5,440 + 23 - 20,180 Net portfolio holdings of Maiden Lane II LLC (7) 19 0 - 15,795 Net portfolio holdings of Maiden Lane III LLC (8) 17,507 + 52 - 5,501 Net portfolio holdings of TALF LLC (9) 831 0 + 113 Items in process of collection (90) -587 - 623 - 791 Bank premises 2,352 - 31 + 139 Central bank liquidity swaps (10) 46,482 - 18,586 + 46,482 Other assets (11) 167,513 + 2,052 + 47,045 Total assets (90) 2,867,800 - 12,663 + 214,988 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 4, 2012 Wednesday Wednesday Assets, liabilities, and capital Mar 28, 2012 Apr 6, 2011 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,059,520 + 3,102 + 91,472 Reverse repurchase agreements (12) 83,351 + 124 + 28,729 Deposits (0) 1,651,007 - 15,592 + 94,947 Term deposits held by depository institutions 3,057 0 + 3,057 Other deposits held by depository institutions 1,562,352 - 2,630 + 57,214 U.S. Treasury, General Account 56,774 - 11,678 + 15,812 U.S. Treasury, Supplementary Financing Account 0 0 - 5,000 Foreign official 127 0 - 36 Other (0) 28,697 - 1,284 + 23,900 Deferred availability cash items (90) 1,287 + 304 - 599 Other liabilities and accrued dividends (13) 18,201 - 601 - 1,409 Total liabilities (90) 2,813,366 - 12,663 + 213,141 Capital accounts Capital paid in 27,217 0 + 924 Surplus 27,217 0 + 924 Other capital accounts 0 0 0 Total capital 54,434 0 + 1,847 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 4, 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 2,293 55 112 157 163 412 197 325 34 60 171 226 381 Securities, repurchase agreements, and loans 2,609,715 63,992 1,217,394 89,156 70,303 300,579 193,487 154,561 49,260 40,011 69,232 102,936 258,803 Securities held outright (1) 2,602,642 63,990 1,210,340 89,156 70,303 300,579 193,487 154,559 49,260 39,999 69,232 102,935 258,803 U.S. Treasury securities 1,669,371 41,044 776,329 57,186 45,093 192,795 124,105 99,136 31,596 25,656 44,406 66,024 166,000 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) 1,650,948 40,591 767,762 56,555 44,596 190,668 122,736 98,042 31,248 25,373 43,916 65,295 164,168 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 7,072 2 7,054 0 0 0 0 2 0 13 0 2 0 Net portfolio holdings of Maiden Lane LLC (6) 5,440 0 5,440 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) 17,507 0 17,507 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 -497 10 3 80 34 4 -712 18 5 8 4 11 38 Bank premises 2,352 122 445 66 124 231 212 203 133 105 257 243 211 Central bank liquidity swaps (10) 46,482 1,629 14,994 4,032 3,436 9,615 2,658 1,240 380 190 462 745 7,101 Other assets (11) 167,513 4,412 74,017 7,080 5,723 21,759 12,053 9,108 2,931 2,333 4,046 6,056 17,995 Interdistrict settlement account 0 - 935 + 169,270 + 9,156 - 5,489 - 91,805 - 33,032 - 4,303 - 5,292 - 13,471 - 12,913 + 3,570 - 14,754 Total assets 2,867,891 69,871 1,505,715 110,370 74,981 242,077 176,910 162,430 47,920 29,523 61,730 114,797 271,566 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 4, 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 1,235,983 44,515 435,826 48,242 59,868 102,595 143,525 94,378 33,266 22,633 37,602 78,635 134,898 Less: Notes held by F.R. Banks 176,463 4,803 63,334 5,896 7,803 10,960 26,008 11,751 4,215 4,219 3,464 11,114 22,896 Federal Reserve notes, net 1,059,520 39,712 372,492 42,346 52,065 91,635 117,518 82,627 29,051 18,413 34,137 67,521 112,002 Reverse repurchase agreements (12) 83,351 2,049 38,762 2,855 2,251 9,626 6,197 4,950 1,578 1,281 2,217 3,297 8,288 Deposits 1,651,007 25,195 1,063,374 60,330 16,032 128,954 49,225 72,775 16,613 9,240 24,565 42,664 142,041 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 1,562,352 25,174 976,023 59,859 16,029 128,649 49,218 72,733 16,613 9,164 24,564 42,658 141,669 U.S. Treasury, General Account 56,774 0 56,774 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 28,697 4 28,384 17 0 253 0 32 0 0 1 1 6 Deferred availability cash items 1,377 48 0 133 127 27 304 33 32 189 43 113 329 Interest on Federal Reserve notes due to U.S. Treasury (13) 1,235 11 649 16 10 106 114 88 26 26 39 57 92 Other liabilities and accrued dividends (14) 16,966 211 13,085 284 265 813 497 416 179 154 190 285 587 Total liabilities 2,813,456 67,226 1,488,361 105,964 70,751 231,161 173,854 160,890 47,479 29,304 61,191 113,936 263,340 Capital Capital paid in 27,217 1,323 8,677 2,203 2,115 5,458 1,528 770 220 110 269 430 4,113 Surplus 27,217 1,323 8,677 2,203 2,115 5,458 1,528 770 220 110 269 430 4,113 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 2,867,891 69,871 1,505,715 110,370 74,981 242,077 176,910 162,430 47,920 29,523 61,730 114,797 271,566 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 4, 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 4, 2012 Federal Reserve notes outstanding 1,235,983 Less: Notes held by F.R. Banks not subject to collateralization 176,463 Federal Reserve notes to be collateralized 1,059,520 Collateral held against Federal Reserve notes 1,059,520 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,043,283 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,602,642 Less: Face value of securities under reverse repurchase agreements 73,421 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,529,221 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.