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FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
July 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 Jul 4, 2012
Federal Reserve Banks Jul 4, 2012 Jun 27, 2012 Jul 6, 2011
Reserve Bank credit 2,845,438 - 8,826 - 8,834 2,848,229
Securities held outright (1) 2,610,149 - 10,778 - 37,797 2,612,889
U.S. Treasury securities 1,663,652 - 3,116 + 39,863 1,666,375
Bills (2) 18,423 0 0 18,423
Notes and bonds, nominal (2) 1,567,462 - 3,154 + 36,666 1,570,190
Notes and bonds, inflation-indexed (2) 67,915 0 + 2,394 67,915
Inflation compensation (3) 9,852 + 37 + 803 9,847
Federal agency debt securities (2) 91,484 0 - 23,819 91,484
Mortgage-backed securities (4) 855,013 - 7,661 - 53,840 855,030
Repurchase agreements (5) 0 0 0 0
Loans 4,642 - 256 - 8,102 4,582
Primary credit 16 - 11 + 4 2
Secondary credit 0 0 0 0
Seasonal credit 70 + 1 + 17 74
Term Asset-Backed Securities Loan Facility (6) 4,556 - 246 - 8,123 4,506
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (7) 2,417 - 58 - 21,438 2,417
Net portfolio holdings of Maiden Lane II LLC (8) 18 0 - 12,209 18
Net portfolio holdings of Maiden Lane III LLC (9) 12,889 + 586 - 11,366 12,946
Net portfolio holdings of TALF LLC (10) 845 0 + 88 845
Float -867 - 215 + 189 -1,156
Central bank liquidity swaps (11) 27,969 + 910 + 27,969 27,969
Other Federal Reserve assets (12) 187,375 + 983 + 53,832 187,719
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (13) 44,571 + 14 + 618 44,571
Total factors supplying reserve funds 2,906,250 - 8,812 - 8,215 2,909,041
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 Jul 4, 2012
Federal Reserve Banks Jul 4, 2012 Jun 27, 2012 Jul 6, 2011
Currency in circulation (13) 1,113,976 + 5,816 + 82,696 1,118,265
Reverse repurchase agreements (14) 86,330 + 2,239 + 18,234 87,963
Foreign official and international accounts 86,330 + 2,239 + 18,234 87,963
Others 0 0 0 0
Treasury cash holdings 117 - 3 - 29 117
Deposits with F.R. Banks, other than reserve balances 130,593 - 55,735 + 39,467 120,838
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 100,829 - 28,320 + 24,269 97,508
U.S. Treasury, Supplementary Financing Account 0 0 - 5,000 0
Foreign official 1,584 - 71 + 1,410 1,588
Service-related 1,893 - 3 - 640 1,893
Required clearing balances 1,893 - 3 - 640 1,893
Adjustments to compensate for float 0 0 0 0
Other 26,287 - 27,341 + 19,428 19,849
Other liabilities and capital (15) 75,089 - 82 + 2,029 75,791
Total factors, other than reserve balances,
absorbing reserve funds 1,406,105 - 47,765 + 142,397 1,402,975
Reserve balances with Federal Reserve Banks 1,500,145 + 38,954 - 150,612 1,506,067
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 Jul 4, 2012
Memorandum item Jul 4, 2012 Jun 27, 2012 Jul 6, 2011
Marketable securities held in custody for foreign
official and international accounts (1) 3,512,629 + 3,025 + 67,305 3,510,504
U.S. Treasury securities 2,814,586 + 2,674 + 106,579 2,812,666
Federal agency securities (2) 698,043 + 351 - 39,274 697,837
Securities lent to dealers 14,277 + 702 - 16,185 13,622
Overnight facility (3) 14,277 + 702 - 16,185 13,622
U.S. Treasury securities 13,605 + 727 - 16,131 12,965
Federal agency debt securities 672 - 25 - 55 657
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, July 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) 85 1,470 1,457 1,571 0 ... 4,582
U.S. Treasury securities (2)
Holdings 10,261 22,584 20,530 527,072 749,237 336,692 1,666,375
Weekly changes - 6,754 + 6,570 - 824 + 2,444 - 5,386 + 3,797 - 155
Federal agency debt securities (3)
Holdings 455 7,624 14,225 61,083 5,750 2,347 91,484
Weekly changes + 455 + 717 + 306 - 1,478 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 2 6 121 854,901 855,030
Weekly changes 0 0 0 0 + 3 + 48 + 51
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) 2,560 25,409 0 0 0 0 27,969
Reverse repurchase agreements (6) 87,963 0 ... ... ... ... 87,963
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 Jul 4, 2012
Mortgage-backed securities held outright (1) 855,030
Commitments to buy mortgage-backed securities (2) 35,751
Commitments to sell mortgage-backed securities (2) 0
Cash and cash equivalents (3) 57
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 Jul 4, 2012
Net portfolio holdings of Maiden Lane LLC (1) 2,417
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) 1,101
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 Jul 4, 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 Jul 4, 2012
Net portfolio holdings of Maiden Lane III LLC (1) 12,946
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) 5,557
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 Jul 4, 2012
Asset-backed securities holdings (1) 0
Other investments, net 845
Net portfolio holdings of TALF LLC 845
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 $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 Jul 4, 2012 Wednesday Wednesday
Assets, liabilities, and capital Jun 27, 2012 Jul 6, 2011
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 2,105 - 30 + 9
Securities, repurchase agreements, and loans 2,617,471 - 380 - 43,519
Securities held outright (1) 2,612,889 - 104 - 35,549
U.S. Treasury securities 1,666,375 - 155 + 41,860
Bills (2) 18,423 0 0
Notes and bonds, nominal (2) 1,570,190 - 167 + 38,693
Notes and bonds, inflation-indexed (2) 67,915 0 + 2,394
Inflation compensation (3) 9,847 + 12 + 773
Federal agency debt securities (2) 91,484 0 - 23,586
Mortgage-backed securities (4) 855,030 + 51 - 53,823
Repurchase agreements (5) 0 0 0
Loans 4,582 - 276 - 7,970
Net portfolio holdings of Maiden Lane LLC (6) 2,417 - 6 - 21,454
Net portfolio holdings of Maiden Lane II LLC (7) 18 0 - 11,433
Net portfolio holdings of Maiden Lane III LLC (8) 12,946 + 356 - 11,369
Net portfolio holdings of TALF LLC (9) 845 0 + 88
Items in process of collection (103) 268 + 102 - 151
Bank premises 2,357 - 7 + 158
Central bank liquidity swaps (10) 27,969 + 910 + 27,969
Other assets (11) 185,352 + 1,342 + 53,638
Total assets (103) 2,867,985 + 2,287 - 6,064
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 Jul 4, 2012 Wednesday Wednesday
Assets, liabilities, and capital Jun 27, 2012 Jul 6, 2011
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,075,912 + 7,995 + 85,051
Reverse repurchase agreements (12) 87,963 + 4,226 + 20,436
Deposits (0) 1,626,895 - 12,119 - 114,441
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 1,507,949 + 15,961 - 155,073
U.S. Treasury, General Account 97,508 - 20,415 + 30,238
U.S. Treasury, Supplementary Financing Account 0 0 - 5,000
Foreign official 1,588 + 10 + 1,461
Other (0) 19,849 - 7,677 + 13,931
Deferred availability cash items (103) 1,424 + 468 - 650
Other liabilities and accrued dividends (13) 21,119 + 1,714 + 535
Total liabilities (103) 2,813,312 + 2,283 - 9,070
Capital accounts
Capital paid in 27,336 + 2 + 1,503
Surplus 27,336 + 2 + 1,503
Other capital accounts 0 0 0
Total capital 54,672 + 3 + 3,005
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, July 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 11,037 408 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 2,105 41 87 148 146 378 196 310 34 52 160 201 352
Securities, repurchase agreements,
and loans 2,617,471 63,462 1,469,434 86,376 66,431 185,963 157,542 144,959 40,866 23,793 52,499 101,529 224,616
Securities held outright (1) 2,612,889 63,462 1,464,928 86,376 66,431 185,963 157,539 144,952 40,850 23,754 52,494 101,524 224,616
U.S. Treasury securities 1,666,375 40,473 934,260 55,087 42,367 118,598 100,471 92,443 26,052 15,149 33,478 64,747 143,249
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) 1,647,952 40,026 923,932 54,478 41,898 117,287 99,360 91,421 25,764 14,981 33,108 64,031 141,665
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) 855,030 20,767 479,376 28,265 21,739 60,854 51,552 47,433 13,368 7,773 17,178 33,222 73,502
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 4,582 0 4,506 0 0 0 3 7 16 39 5 5 0
Net portfolio holdings of Maiden
Lane LLC (6) 2,417 0 2,417 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) 12,946 0 12,946 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF LLC (9) 845 0 845 0 0 0 0 0 0 0 0 0 0
Items in process of collection 371 5 0 75 145 13 14 16 16 9 6 9 62
Bank premises 2,357 121 459 67 123 230 212 202 132 104 255 242 211
Central bank liquidity swaps (10) 27,969 980 9,022 2,426 2,068 5,786 1,599 746 229 114 278 448 4,273
Other assets (11) 185,352 4,802 97,533 7,493 5,947 16,770 11,144 9,550 2,749 1,611 3,488 6,649 17,616
Interdistrict settlement account 0 + 7,445 - 21,411 - 17,909 + 2,170 + 1,338 + 13,507 - 1,283 + 3,805 + 1,258 - 503 + 4,357 + 7,227
Total assets 2,868,088 77,461 1,576,992 79,323 77,781 211,779 186,206 155,763 48,294 27,223 56,652 114,443 256,172
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, July 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 1,259,988 46,494 437,998 47,453 61,409 101,753 161,875 94,289 37,728 22,334 36,937 77,172 134,545
Less: Notes held by F.R. Banks 184,076 4,697 71,512 5,247 7,135 11,840 26,817 12,063 4,070 3,278 3,300 10,761 23,356
Federal Reserve notes, net 1,075,912 41,797 366,487 42,206 54,274 89,913 135,058 82,225 33,658 19,055 33,638 66,411 111,189
Reverse repurchase agreements (12) 87,963 2,136 49,317 2,908 2,236 6,260 5,304 4,880 1,375 800 1,767 3,418 7,562
Deposits 1,626,895 30,564 1,127,079 29,397 16,654 103,874 41,939 66,473 12,434 6,794 20,435 43,203 128,049
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 1,507,949 30,557 1,008,347 29,388 16,651 103,723 41,933 66,447 12,434 6,794 20,433 43,202 128,042
U.S. Treasury, General Account 97,508 0 97,508 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 1,588 1 1,561 3 3 8 2 1 0 0 0 1 6
Other 19,849 6 19,663 5 0 143 4 25 0 0 1 1 1
Deferred availability cash items 1,527 57 0 157 84 40 199 30 169 192 41 128 428
Interest on Federal Reserve notes due
to U.S. Treasury (13) 3,696 67 2,286 98 72 232 203 182 57 30 73 126 270
Other liabilities and accrued
dividends (14) 17,422 179 14,369 229 219 523 402 369 155 126 153 265 434
Total liabilities 2,813,415 74,801 1,559,538 74,996 73,539 200,843 183,104 154,158 47,848 26,996 56,107 113,552 247,932
Capital
Capital paid in 27,336 1,330 8,727 2,164 2,121 5,468 1,551 802 223 114 272 445 4,120
Surplus 27,336 1,330 8,727 2,164 2,121 5,468 1,551 802 223 114 272 445 4,120
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 2,868,088 77,461 1,576,992 79,323 77,781 211,779 186,206 155,763 48,294 27,223 56,652 114,443 256,172
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, July 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 Jul 4, 2012
Federal Reserve notes outstanding 1,259,988
Less: Notes held by F.R. Banks not subject to collateralization 184,076
Federal Reserve notes to be collateralized 1,075,912
Collateral held against Federal Reserve notes 1,075,912
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,059,675
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,612,889
Less: Face value of securities under reverse repurchase agreements 74,906
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,537,983
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.
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