FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks August 9, 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 Aug 8, 2012 Federal Reserve Banks Aug 8, 2012 Aug 1, 2012 Aug 10, 2011 Reserve Bank credit 2,834,809 + 1,450 - 19,909 2,838,891 Securities held outright (1) 2,593,989 + 175 - 59,631 2,596,938 U.S. Treasury securities 1,649,469 + 107 + 5,569 1,652,416 Bills (2) 0 0 - 18,423 0 Notes and bonds, nominal (2) 1,570,529 + 133 + 20,059 1,573,484 Notes and bonds, inflation-indexed (2) 69,086 0 + 3,443 69,086 Inflation compensation (3) 9,855 - 25 + 490 9,846 Federal agency debt securities (2) 91,029 0 - 21,406 91,029 Mortgage-backed securities (4) 853,490 + 67 - 43,795 853,493 Repurchase agreements (5) 261 + 261 + 261 600 Loans 3,644 - 57 - 8,275 3,631 Primary credit 2 - 30 - 4 1 Secondary credit 0 - 1 0 0 Seasonal credit 133 + 12 + 42 139 Term Asset-Backed Securities Loan Facility (6) 3,509 - 38 - 8,312 3,492 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 2,085 + 3 - 18,735 2,085 Net portfolio holdings of Maiden Lane II LLC (8) 61 0 - 10,002 61 Net portfolio holdings of Maiden Lane III LLC (9) 7,382 + 164 - 14,145 7,411 Net portfolio holdings of TALF LLC (10) 848 0 + 81 848 Float -707 - 37 + 428 -838 Central bank liquidity swaps (11) 30,022 - 1,000 + 30,022 30,022 Other Federal Reserve assets (12) 197,225 + 1,943 + 60,087 198,132 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (13) 44,606 + 14 + 600 44,606 Total factors supplying reserve funds 2,895,657 + 1,465 - 19,308 2,899,739 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 Aug 8, 2012 Federal Reserve Banks Aug 8, 2012 Aug 1, 2012 Aug 10, 2011 Currency in circulation (13) 1,115,296 + 3,263 + 81,832 1,116,875 Reverse repurchase agreements (14) 93,098 + 3,217 + 18,519 91,505 Foreign official and international accounts 93,098 + 3,217 + 18,519 91,505 Others 0 0 0 0 Treasury cash holdings 124 + 3 - 3 128 Deposits with F.R. Banks, other than reserve balances 65,010 + 3,915 - 22,608 63,196 Term deposits held by depository institutions 3,040 0 - 2,048 3,040 U.S. Treasury, General Account 35,622 - 6,480 + 12,197 26,113 U.S. Treasury, Supplementary Financing Account 0 0 0 0 Foreign official 4,476 + 1,118 + 3,992 5,084 Service-related 0 0 - 2,490 0 Required clearing balances 0 0 - 2,490 0 Adjustments to compensate for float 0 0 0 0 Other 21,871 + 9,277 - 34,259 28,960 Other liabilities and capital (15) 68,930 - 314 - 839 67,814 Total factors, other than reserve balances, absorbing reserve funds 1,342,458 + 10,085 + 76,902 1,339,518 Reserve balances with Federal Reserve Banks 1,553,199 - 8,620 - 96,210 1,560,221 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 Aug 8, 2012 Memorandum item Aug 8, 2012 Aug 1, 2012 Aug 10, 2011 Marketable securities held in custody for foreign official and international accounts (1) 3,536,100 + 9,392 + 66,065 3,537,379 U.S. Treasury securities 2,844,927 + 9,564 + 109,796 2,845,472 Federal agency securities (2) 691,173 - 172 - 43,731 691,907 Securities lent to dealers 10,902 + 1,495 - 8,107 10,813 Overnight facility (3) 10,902 + 1,495 - 8,107 10,813 U.S. Treasury securities 10,244 + 1,564 - 7,772 10,254 Federal agency debt securities 658 - 68 - 334 559 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, August 8, 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) 37 872 1,227 1,495 0 ... 3,631 U.S. Treasury securities (2) Holdings 8,206 4,383 5,942 502,090 779,572 352,222 1,652,416 Weekly changes 0 + 1 - 7,800 - 3 + 9,110 + 1,813 + 3,122 Federal agency debt securities (3) Holdings 3,819 5,308 15,381 58,424 5,750 2,347 91,029 Weekly changes + 1,891 - 1,891 0 0 0 0 0 Mortgage-backed securities (4) Holdings 0 0 3 5 209 853,277 853,493 Weekly changes 0 0 0 0 + 3 + 12 + 15 Asset-backed securities held by TALF LLC (5) 0 0 0 0 0 0 0 Repurchase agreements (6) 600 0 ... ... ... ... 600 Central bank liquidity swaps (7) 17,285 12,737 0 0 0 0 30,022 Reverse repurchase agreements (6) 91,505 0 ... ... ... ... 91,505 Term deposits 3,040 0 0 ... ... ... 3,040 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 Aug 8, 2012 Mortgage-backed securities held outright (1) 853,493 Commitments to buy mortgage-backed securities (2) 45,232 Commitments to sell mortgage-backed securities (2) 950 Cash and cash equivalents (3) 16 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 Aug 8, 2012 Net portfolio holdings of Maiden Lane LLC (1) 2,085 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) 706 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 June 30, 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 Aug 8, 2012 Net portfolio holdings of Maiden Lane II LLC (1) 61 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 June 30, 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 Aug 8, 2012 Net portfolio holdings of Maiden Lane III LLC (1) 7,411 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) 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 June 30, 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 Aug 8, 2012 Asset-backed securities holdings (1) 0 Other investments, net 848 Net portfolio holdings of TALF LLC 848 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) 112 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 $1.4 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 Aug 8, 2012 Wednesday Wednesday Assets, liabilities, and capital Aug 1, 2012 Aug 10, 2011 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 2,131 + 11 - 58 Securities, repurchase agreements, and loans 2,601,169 + 3,715 - 65,206 Securities held outright (1) 2,596,938 + 3,137 - 57,524 U.S. Treasury securities 1,652,416 + 3,122 + 7,673 Bills (2) 0 0 - 18,423 Notes and bonds, nominal (2) 1,573,484 + 3,148 + 22,541 Notes and bonds, inflation-indexed (2) 69,086 0 + 3,138 Inflation compensation (3) 9,846 - 26 + 417 Federal agency debt securities (2) 91,029 0 - 21,406 Mortgage-backed securities (4) 853,493 + 15 - 43,792 Repurchase agreements (5) 600 + 600 + 600 Loans 3,631 - 22 - 8,282 Net portfolio holdings of Maiden Lane LLC (6) 2,085 0 - 18,737 Net portfolio holdings of Maiden Lane II LLC (7) 61 0 - 10,003 Net portfolio holdings of Maiden Lane III LLC (8) 7,411 + 34 - 14,211 Net portfolio holdings of TALF LLC (9) 848 0 + 81 Items in process of collection (56) 58 - 224 - 94 Bank premises 2,353 + 1 + 155 Central bank liquidity swaps (10) 30,022 - 1,000 + 30,022 Other assets (11) 195,780 + 2,521 + 59,970 Total assets (56) 2,858,156 + 5,059 - 18,080 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 Aug 8, 2012 Wednesday Wednesday Assets, liabilities, and capital Aug 1, 2012 Aug 10, 2011 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,074,524 + 1,933 + 81,733 Reverse repurchase agreements (12) 91,505 + 1,699 - 5,302 Deposits (0) 1,623,417 + 1,787 - 91,775 Term deposits held by depository institutions 3,040 0 - 2,048 Other deposits held by depository institutions 1,560,221 + 19,222 - 67,839 U.S. Treasury, General Account 26,113 - 26,570 + 11,514 U.S. Treasury, Supplementary Financing Account 0 0 0 Foreign official 5,084 + 851 + 2,459 Other (0) 28,960 + 8,285 - 35,860 Deferred availability cash items (56) 896 + 12 - 547 Other liabilities and accrued dividends (13) 13,123 - 376 - 5,114 Total liabilities (56) 2,803,464 + 5,054 - 21,006 Capital accounts Capital paid in 27,346 + 2 + 1,463 Surplus 27,346 + 2 + 1,463 Other capital accounts 0 0 0 Total capital 54,691 + 3 + 2,925 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, August 8, 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 2,131 41 85 143 149 382 203 315 35 55 164 206 354 Securities, repurchase agreements, and loans 2,601,169 63,089 1,459,813 85,869 66,041 184,870 156,618 144,109 40,645 23,684 52,198 100,936 223,296 Securities held outright (1) 2,596,938 63,075 1,455,985 85,849 66,025 184,828 156,577 144,067 40,601 23,609 52,174 100,905 223,244 U.S. Treasury securities 1,652,416 40,134 926,434 54,625 42,012 117,605 99,629 91,669 25,834 15,022 33,198 64,205 142,049 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 1,652,416 40,134 926,434 54,625 42,012 117,605 99,629 91,669 25,834 15,022 33,198 64,205 142,049 Federal agency debt securities (2) 91,029 2,211 51,036 3,009 2,314 6,479 5,488 5,050 1,423 828 1,829 3,537 7,825 Mortgage-backed securities (4) 853,493 20,730 478,515 28,215 21,700 60,744 51,460 47,348 13,344 7,759 17,147 33,163 73,370 Repurchase agreements (5) 600 15 336 20 15 43 36 33 9 5 12 23 52 Loans 3,631 0 3,492 0 0 0 5 9 35 70 12 8 0 Net portfolio holdings of Maiden Lane LLC (6) 2,085 0 2,085 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (7) 61 0 61 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (8) 7,411 0 7,411 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF LLC (9) 848 0 848 0 0 0 0 0 0 0 0 0 0 Items in process of collection 114 2 0 46 37 6 -46 11 5 7 3 7 36 Bank premises 2,353 120 457 67 123 229 212 202 131 104 254 241 211 Central bank liquidity swaps (10) 30,022 1,052 9,684 2,604 2,220 6,210 1,717 801 246 122 299 481 4,586 Other assets (11) 195,780 5,056 103,362 7,838 6,209 17,505 11,771 10,127 2,920 1,712 3,701 7,076 18,502 Interdistrict settlement account 0 + 6,707 - 29,238 - 12,813 - 1,516 - 10,880 + 24,965 + 637 + 2,814 + 1,516 - 511 - 2,239 + 20,559 Total assets 2,858,211 76,672 1,560,211 84,400 74,014 199,625 197,431 157,466 47,258 27,483 56,577 107,715 269,360 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, August 8, 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 1,279,094 46,141 444,417 47,147 61,797 102,312 173,079 94,264 37,533 22,584 36,701 77,989 135,130 Less: Notes held by F.R. Banks 204,570 4,972 79,458 5,574 8,496 12,528 27,583 13,164 4,282 3,396 3,826 16,484 24,808 Federal Reserve notes, net 1,074,524 41,169 364,959 41,573 53,300 89,784 145,496 81,100 33,251 19,188 32,875 61,505 110,322 Reverse repurchase agreements (12) 91,505 2,222 51,303 3,025 2,326 6,513 5,517 5,076 1,431 832 1,838 3,555 7,866 Deposits 1,623,417 30,361 1,117,267 35,077 13,815 91,661 42,643 69,200 11,919 6,943 21,090 41,370 142,070 Term deposits held by depository institutions 3,040 5 1,904 623 0 115 8 5 0 50 325 5 0 Other deposits held by depository institutions 1,560,221 30,345 1,055,447 34,440 13,812 91,380 42,628 69,169 11,918 6,892 20,764 41,361 142,063 U.S. Treasury, General Account 26,113 0 26,113 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 5,084 1 5,057 3 3 8 2 1 0 0 0 1 6 Other 28,960 10 28,747 10 0 158 4 25 0 0 1 3 1 Deferred availability cash items 952 34 0 102 60 23 170 24 29 147 31 70 261 Interest on Federal Reserve notes due to U.S. Treasury (13) 1,439 30 811 52 39 104 85 84 18 11 29 54 123 Other liabilities and accrued dividends (14) 11,684 195 8,417 245 230 592 417 375 164 134 164 273 479 Total liabilities 2,803,520 74,012 1,542,757 80,073 69,772 188,677 194,328 155,860 46,810 27,254 56,027 106,828 261,122 Capital Capital paid in 27,346 1,330 8,727 2,164 2,121 5,474 1,551 803 224 114 275 444 4,119 Surplus 27,346 1,330 8,727 2,164 2,121 5,474 1,551 803 224 114 275 444 4,119 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 2,858,211 76,672 1,560,211 84,400 74,014 199,625 197,431 157,466 47,258 27,483 56,577 107,715 269,360 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, August 8, 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 Aug 8, 2012 Federal Reserve notes outstanding 1,279,094 Less: Notes held by F.R. Banks not subject to collateralization 204,570 Federal Reserve notes to be collateralized 1,074,524 Collateral held against Federal Reserve notes 1,074,524 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,058,287 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,597,538 Less: Face value of securities under reverse repurchase agreements 78,049 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,519,489 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.