FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks June 21, 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 Jun 20, 2012 Federal Reserve Banks Jun 20, 2012 Jun 13, 2012 Jun 22, 2011 Reserve Bank credit 2,849,676 + 14,157 + 23,070 2,853,746 Securities held outright (1) 2,621,172 + 14,276 - 787 2,623,099 U.S. Treasury securities 1,665,691 + 6,122 + 76,526 1,663,577 Bills (2) 18,423 0 0 18,423 Notes and bonds, nominal (2) 1,570,464 + 6,352 + 72,565 1,567,459 Notes and bonds, inflation-indexed (2) 67,146 - 198 + 2,951 67,915 Inflation compensation (3) 9,658 - 32 + 1,010 9,780 Federal agency debt securities (2) 92,186 - 1,066 - 26,179 91,484 Mortgage-backed securities (4) 863,295 + 9,220 - 51,134 868,038 Repurchase agreements (5) 0 0 0 0 Loans 5,341 - 97 - 7,817 5,423 Primary credit 26 + 13 + 6 106 Secondary credit 0 0 - 1 0 Seasonal credit 64 + 17 + 22 66 Term Asset-Backed Securities Loan Facility (6) 5,251 - 127 - 7,845 5,251 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 2,710 - 1,172 - 21,065 2,483 Net portfolio holdings of Maiden Lane II LLC (8) 19 0 - 12,488 18 Net portfolio holdings of Maiden Lane III LLC (9) 12,013 - 3,309 - 12,218 12,255 Net portfolio holdings of TALF LLC (10) 841 0 + 92 841 Float -724 - 2 + 287 -663 Central bank liquidity swaps (11) 24,215 + 901 + 24,215 24,215 Other Federal Reserve assets (12) 184,090 + 3,560 + 52,852 186,075 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (13) 44,543 + 14 + 605 44,543 Total factors supplying reserve funds 2,910,460 + 14,171 + 23,675 2,914,530 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 Jun 20, 2012 Federal Reserve Banks Jun 20, 2012 Jun 13, 2012 Jun 22, 2011 Currency in circulation (13) 1,108,184 - 482 + 85,531 1,109,049 Reverse repurchase agreements (14) 83,842 - 4,166 + 20,938 84,108 Foreign official and international accounts 83,842 - 4,166 + 20,938 84,108 Others 0 0 0 0 Treasury cash holdings 134 - 8 + 2 121 Deposits with F.R. Banks, other than reserve balances 145,258 + 71,951 + 8,624 185,810 Term deposits held by depository institutions 0 - 3,053 - 5,087 0 U.S. Treasury, General Account 114,746 + 72,861 - 8,189 139,880 U.S. Treasury, Supplementary Financing Account 0 0 - 5,000 0 Foreign official 1,574 + 782 + 1,361 1,575 Service-related 1,897 0 - 640 1,897 Required clearing balances 1,897 0 - 640 1,897 Adjustments to compensate for float 0 0 0 0 Other 27,042 + 1,362 + 26,180 42,459 Other liabilities and capital (15) 76,492 + 122 + 2,513 75,659 Total factors, other than reserve balances, absorbing reserve funds 1,413,911 + 67,419 + 117,609 1,454,746 Reserve balances with Federal Reserve Banks 1,496,549 - 53,248 - 93,934 1,459,783 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 Jun 20, 2012 Memorandum item Jun 20, 2012 Jun 13, 2012 Jun 22, 2011 Marketable securities held in custody for foreign official and international accounts (1) 3,508,176 - 301 + 48,590 3,507,851 U.S. Treasury securities 2,799,940 + 6,628 + 76,761 2,808,903 Federal agency securities (2) 708,236 - 6,928 - 28,172 698,948 Securities lent to dealers 11,247 + 374 - 17,137 10,249 Overnight facility (3) 11,247 + 374 - 17,137 10,249 U.S. Treasury securities 10,582 + 300 - 17,043 9,611 Federal agency debt securities 665 + 75 - 93 638 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, June 20, 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) 163 1,829 1,677 1,753 0 ... 5,423 U.S. Treasury securities (2) Holdings 13,148 19,881 21,354 532,988 745,173 331,032 1,663,577 Weekly changes - 6,153 + 1,493 - 4,941 - 1,386 + 6,952 + 7,453 + 3,419 Federal agency debt securities (3) Holdings 0 4,386 16,440 62,561 5,750 2,347 91,484 Weekly changes - 1,768 + 112 + 120 - 232 0 0 - 1,768 Mortgage-backed securities (4) Holdings 0 0 2 7 120 867,910 868,038 Weekly changes 0 0 0 0 + 15 + 90 + 104 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) 8,747 15,467 0 0 0 0 24,215 Reverse repurchase agreements (6) 84,108 0 ... ... ... ... 84,108 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 Jun 20, 2012 Mortgage-backed securities held outright (1) 868,038 Commitments to buy mortgage-backed securities (2) 25,336 Commitments to sell mortgage-backed securities (2) 0 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 Jun 20, 2012 Net portfolio holdings of Maiden Lane LLC (1) 2,483 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 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,098 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 March 31, 2012. 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 Jun 20, 2012 Net portfolio holdings of Maiden Lane II LLC (1) 18 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 March 31, 2012. 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 Jun 20, 2012 Net portfolio holdings of Maiden Lane III LLC (1) 12,255 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 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,550 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 March 31, 2012. 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 Jun 20, 2012 Asset-backed securities holdings (1) 0 Other investments, net 841 Net portfolio holdings of TALF LLC 841 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) 111 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 Jun 20, 2012 Wednesday Wednesday Assets, liabilities, and capital Jun 13, 2012 Jun 22, 2011 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 2,136 0 + 10 Securities, repurchase agreements, and loans 2,628,522 + 1,802 - 19,154 Securities held outright (1) 2,623,099 + 1,754 - 11,555 U.S. Treasury securities 1,663,577 + 3,419 + 61,614 Bills (2) 18,423 0 0 Notes and bonds, nominal (2) 1,567,459 + 1,841 + 58,087 Notes and bonds, inflation-indexed (2) 67,915 + 1,345 + 2,619 Inflation compensation (3) 9,780 + 233 + 907 Federal agency debt securities (2) 91,484 - 1,768 - 26,881 Mortgage-backed securities (4) 868,038 + 104 - 46,288 Repurchase agreements (5) 0 0 0 Loans 5,423 + 48 - 7,599 Net portfolio holdings of Maiden Lane LLC (6) 2,483 - 1,397 - 21,331 Net portfolio holdings of Maiden Lane II LLC (7) 18 - 1 - 12,492 Net portfolio holdings of Maiden Lane III LLC (8) 12,255 - 3,223 - 11,983 Net portfolio holdings of TALF LLC (9) 841 0 + 84 Items in process of collection (75) 219 + 79 - 42 Bank premises 2,363 + 1 + 153 Central bank liquidity swaps (10) 24,215 + 901 + 24,215 Other assets (11) 183,751 + 3,548 + 53,217 Total assets (75) 2,873,039 + 1,711 + 12,677 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 Jun 20, 2012 Wednesday Wednesday Assets, liabilities, and capital Jun 13, 2012 Jun 22, 2011 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,066,758 - 463 + 85,011 Reverse repurchase agreements (12) 84,108 + 689 + 18,755 Deposits (0) 1,645,633 + 5,462 - 92,210 Term deposits held by depository institutions 0 - 3,053 - 5,087 Other deposits held by depository institutions 1,461,720 - 104,945 - 135,246 U.S. Treasury, General Account 139,880 + 103,632 + 10,186 U.S. Treasury, Supplementary Financing Account 0 0 - 5,000 Foreign official 1,575 + 2 + 1,186 Other (0) 42,459 + 9,828 + 41,752 Deferred availability cash items (75) 881 - 69 - 499 Other liabilities and accrued dividends (13) 20,990 - 3,940 - 79 Total liabilities (75) 2,818,370 + 1,680 + 10,979 Capital accounts Capital paid in 27,334 + 15 + 849 Surplus 27,334 + 15 + 849 Other capital accounts 0 0 0 Total capital 54,669 + 31 + 1,698 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, June 20, 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 11,037 408 3,824 437 515 890 1,337 839 313 192 315 725 1,242 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574 Coin 2,136 41 92 149 148 385 195 313 37 54 162 202 358 Securities, repurchase agreements, and loans 2,628,522 63,712 1,475,903 86,714 66,696 186,690 158,187 145,524 41,020 23,887 52,705 101,928 225,556 Securities held outright (1) 2,623,099 63,710 1,470,652 86,714 66,691 186,690 158,155 145,518 41,010 23,846 52,699 101,921 225,493 U.S. Treasury securities 1,663,577 40,405 932,692 54,994 42,295 118,399 100,302 92,288 26,008 15,123 33,422 64,639 143,009 Bills (2) 18,423 447 10,329 609 468 1,311 1,111 1,022 288 167 370 716 1,584 Notes and bonds (3) 1,645,155 39,958 922,363 54,385 41,827 117,088 99,191 91,266 25,720 14,956 33,052 63,923 141,425 Federal agency debt securities (2) 91,484 2,222 51,291 3,024 2,326 6,511 5,516 5,075 1,430 832 1,838 3,555 7,864 Mortgage-backed securities (4) 868,038 21,083 486,669 28,695 22,069 61,780 52,337 48,155 13,571 7,891 17,439 33,728 74,620 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 5,423 2 5,251 0 5 0 32 5 10 41 6 7 62 Net portfolio holdings of Maiden Lane LLC (6) 2,483 0 2,483 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (7) 18 0 18 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (8) 12,255 0 12,255 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF LLC (9) 841 0 841 0 0 0 0 0 0 0 0 0 0 Items in process of collection 293 3 0 69 53 4 90 10 6 11 4 8 36 Bank premises 2,363 121 461 67 123 230 213 203 132 105 256 241 211 Central bank liquidity swaps (10) 24,215 849 7,811 2,100 1,790 5,009 1,385 646 198 99 241 388 3,699 Other assets (11) 183,751 4,764 96,574 7,477 5,909 16,678 11,032 9,450 2,714 1,594 3,451 6,623 17,485 Interdistrict settlement account 0 + 7,891 + 8,339 - 17,947 - 1,886 - 4,810 + 5,117 - 309 + 2,087 + 379 - 2,320 - 266 + 3,723 Total assets 2,873,114 77,986 1,610,419 79,276 73,585 205,488 178,210 157,100 46,657 26,411 54,967 110,132 252,884 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, June 20, 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 1,256,218 46,549 436,988 47,502 61,304 101,542 158,402 94,375 37,804 22,497 36,986 77,434 134,835 Less: Notes held by F.R. Banks 189,460 5,043 70,290 5,614 8,037 12,372 27,368 13,075 4,343 3,582 3,577 11,284 24,875 Federal Reserve notes, net 1,066,758 41,506 366,698 41,888 53,267 89,169 131,034 81,300 33,461 18,915 33,410 66,150 109,961 Reverse repurchase agreements (12) 84,108 2,043 47,155 2,780 2,138 5,986 5,071 4,666 1,315 765 1,690 3,268 7,230 Deposits 1,645,633 31,470 1,162,995 29,786 13,525 98,473 38,264 68,961 11,153 6,179 19,070 39,365 126,392 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 1,461,720 31,416 979,296 29,775 13,522 98,366 38,261 68,936 11,153 6,179 19,068 39,364 126,385 U.S. Treasury, General Account 139,880 0 139,880 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 1,575 1 1,548 3 3 8 2 1 0 0 0 1 6 Other 42,459 53 42,272 7 0 99 1 25 0 0 1 1 1 Deferred availability cash items 956 38 0 104 60 23 119 22 72 167 33 73 246 Interest on Federal Reserve notes due to U.S. Treasury (13) 1,899 33 1,208 56 44 108 98 84 23 13 26 60 145 Other liabilities and accrued dividends (14) 19,091 251 14,909 333 308 780 523 460 186 146 194 328 670 Total liabilities 2,818,445 75,342 1,592,966 74,948 69,343 194,539 175,109 155,494 46,211 26,184 54,423 109,244 244,644 Capital Capital paid in 27,334 1,322 8,727 2,164 2,121 5,474 1,551 803 223 114 272 444 4,120 Surplus 27,334 1,322 8,727 2,164 2,121 5,474 1,551 803 223 114 272 444 4,120 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 2,873,114 77,986 1,610,419 79,276 73,585 205,488 178,210 157,100 46,657 26,411 54,967 110,132 252,884 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, June 20, 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 Jun 20, 2012 Federal Reserve notes outstanding 1,256,218 Less: Notes held by F.R. Banks not subject to collateralization 189,460 Federal Reserve notes to be collateralized 1,066,758 Collateral held against Federal Reserve notes 1,066,758 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,050,522 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,623,099 Less: Face value of securities under reverse repurchase agreements 71,820 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,551,279 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.