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Release Date:   April 12, 2012
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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

April 12, 2012
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks		 Averages of daily figures Wednesday
Apr 11, 2012
Week ended
Apr 11, 2012		 Change from week ended
Apr 4, 2012 Apr 13, 2011
Reserve Bank credit 2,844,188 + 994 + 200,904 2,849,900
    Securities held outright 1 2,609,805 + 11,743 + 172,732 2,614,364
        U.S. Treasury securities 1,676,534 + 11,741 + 308,422 1,681,093
            Bills 2 18,423 0 0 18,423
            Notes and bonds, nominal 2 1,579,050 + 10,772 + 295,779 1,584,710
            Notes and bonds, inflation-indexed 2 69,654 + 794 + 10,168 68,754
            Inflation compensation 3 9,407 + 175 + 2,475 9,206
        Federal agency debt securities 2 96,478 0 - 35,328 96,478
        Mortgage-backed securities 4 836,793 + 1 - 100,362 836,793
    Repurchase agreements 5 0 0 0 0
    Loans 7,057 - 13 - 11,185 7,020
        Primary credit 3 - 7 - 18 10
        Secondary credit 0 0 0 0
        Seasonal credit 8 + 4 + 3 9
        Term Asset-Backed Securities Loan Facility 6 7,046 - 10 - 11,170 7,001
        Other credit extensions 0 0 0 0
    Net portfolio holdings of Maiden Lane LLC 7 5,445 + 4 - 20,174 5,470
    Net portfolio holdings of Maiden Lane II LLC 8 19 0 - 15,800 19
    Net portfolio holdings of Maiden Lane III LLC 9 17,518 + 52 - 5,496 17,586
    Net portfolio holdings of TALF LLC 10 831 0 + 113 831
    Float -798 + 236 + 533 -940
    Central bank liquidity swaps 11 32,471 - 14,011 + 32,471 32,471
    Other Federal Reserve assets 12 171,841 + 2,983 + 47,710 173,079
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding 13 44,373 + 14 + 532 44,373
 
Total factors supplying reserve funds 2,904,802 + 1,008 + 201,436 2,910,514
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
reserve balances of depository institutions at
Federal Reserve Banks		 Averages of daily figures Wednesday
Apr 11, 2012
Week ended
Apr 11, 2012		 Change from week ended
Apr 4, 2012 Apr 13, 2011
Currency in circulation 13 1,100,922 + 1,475 + 91,518 1,101,812
Reverse repurchase agreements 14 89,925 + 403 + 33,126 88,889
    Foreign official and international accounts 89,925 + 403 + 33,126 88,889
    Others 0 0 0 0
Treasury cash holdings 142 - 7 - 74 139
Deposits with F.R. Banks, other than reserve balances 89,004 - 2,961 + 47,468 78,636
    Term deposits held by depository institutions 3,057 0 - 2,024 3,057
    U.S. Treasury, General Account 45,289 - 9,610 + 19,870 35,524
    U.S. Treasury, Supplementary Financing Account 0 0 - 5,000 0
    Foreign official 132 + 5 + 3 127
    Service-related 1,930 - 7 - 621 1,930
        Required clearing balances 1,930 - 7 - 621 1,930
        Adjustments to compensate for float 0 0 0 0
    Other 38,597 + 6,652 + 35,240 37,997
Other liabilities and capital 15 74,052 + 180 + 890 74,176
 
Total factors, other than reserve balances,
    absorbing reserve funds		 1,354,046 - 909 + 172,929 1,343,652
 
Reserve balances with Federal Reserve Banks 1,550,756 + 1,917 + 28,507 1,566,862
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
Memorandum item Averages of daily figures Wednesday
Apr 11, 2012
Week ended
Apr 11, 2012		 Change from week ended
Apr 4, 2012 Apr 13, 2011
Marketable securities held in custody for foreign
    official and international accounts 1		 3,489,207 + 1,731 + 71,398 3,485,568
    U.S. Treasury securities 2,759,418 + 5,580 + 104,499 2,756,635
    Federal agency securities 2 729,789 - 3,849 - 33,101 728,933
Securities lent to dealers 19,057 - 1,548 - 5,414 17,228
    Overnight facility 3 19,057 - 1,548 - 5,414 17,228
        U.S. Treasury securities 18,231 - 1,586 - 5,051 16,452
        Federal agency debt securities 825 + 37 - 365 776
Note: Components may not sum to totals because of rounding.


1. 
Face value of the securities. Includes U.S. Treasury STRIPS and other zero-coupon bonds at face value and mortgage-backed securities at original face value.
2. 
Includes debt and mortgage-backed securities.
3. 
Fully collateralized by U.S. Treasury securities.

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, April 11, 2012
Millions of dollars
Remaining maturity Within 15
days		 16 days to
90 days		 91 days to
1 year		 Over 1 year
to 5 years		 Over 5 years
to 10 years		 Over 10
years		 All
Loans 1 22 566 4,397 2,034 0 ... 7,020
U.S. Treasury securities 2  
    Holdings 24,493 19,204 52,712 575,194 721,325 288,165 1,681,093
    Weekly changes - 3,518 + 3,520 - 1,473 - 96 + 9,534 + 3,756 + 11,722
Federal agency debt securities 3  
    Holdings 1,907 3,087 19,431 58,724 10,982 2,347 96,478
    Weekly changes + 629 - 629 + 370 - 370 0 0 0
Mortgage-backed securities 4  
    Holdings 0 0 2 9 103 836,679 836,793
    Weekly changes 0 0 0 0 0 0 0
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 10,736 21,735 0 0 0 0 32,471
   
Reverse repurchase agreements 6 88,889 0 ... ... ... ... 88,889
Term deposits 3,057 0 0 ... ... ... 3,057
Note: Components may not sum to totals because of rounding.

. . . Not applicable.


1. 
Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation under generally accepted accounting principles.
2. 
Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the original face value of such securities.
3. 
Face value.
4. 
Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. 
Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.
6. 
Cash value of agreements.
7. 
Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.

3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name Wednesday
Apr 11, 2012
Mortgage-backed securities held outright 1 836,793
 
Commitments to buy mortgage-backed securities 2 56,318
Commitments to sell mortgage-backed securities 2 0
 
Cash and cash equivalents 3 4
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
Account name Wednesday
Apr 11, 2012
Net portfolio holdings of Maiden Lane LLC 1 5,470
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 2,150
Accrued interest payable to the Federal Reserve Bank of New York 2 764
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. 3 1,405
1. 
Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2011. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. 
Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. 
Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.


5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Account name Wednesday
Apr 11, 2012
Net portfolio holdings of Maiden Lane II LLC 1 19
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 0
Accrued interest payable to the Federal Reserve Bank of New York 2 0
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. 3 0
1. 
Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2011. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. 
Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. 
Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.


6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Account name Wednesday
Apr 11, 2012
Net portfolio holdings of Maiden Lane III LLC 1 17,586
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 8,271
Accrued interest payable to the Federal Reserve Bank of New York 2 725
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. 3 5,592
1. 
Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2011. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. 
Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. 
Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.


7. Information on Principal Accounts of TALF LLC
Millions of dollars
Account name Wednesday
Apr 11, 2012
Asset-backed securities holdings 1 0
Other investments, net 831
Net portfolio holdings of TALF LLC 831
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 0
Accrued interest payable to the Federal Reserve Bank of New York 2 0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable 3 110
1. 
Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date.
2. 
Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. 
Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF) under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New York (FRBNY) extends loans with a term of up to five years to holders of eligible asset-backed securities. The TALF is intended to assist financial markets in accommodating the credit needs of consumers and businesses by facilitating the issuance of asset-backed securities collateralized by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The loans are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial risk of a decline in the value of the security.


TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF LLC, by the interest received on investments of TALF LLC, by up to $4.3 billion in subordinated debt funding provided by the U.S. Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S. Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the U.S. Treasury.


8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations from
consolidation		 Wednesday
Apr 11, 2012		 Change since
Wednesday
Apr 4, 2012		 Wednesday
Apr 13, 2011
Assets  
    Gold certificate account   11,037 0 0
    Special drawing rights certificate account   5,200 0 0
    Coin   2,269 - 24 + 90
    Securities, repurchase agreements, and loans   2,621,384 + 11,669 + 160,791
        Securities held outright 1   2,614,364 + 11,722 + 171,626
            U.S. Treasury securities   1,681,093 + 11,722 + 306,398
                Bills 2   18,423 0 0
                Notes and bonds, nominal 2   1,584,710 + 13,223 + 294,884
                Notes and bonds, inflation-indexed 2   68,754 - 1,260 + 9,268
                Inflation compensation 3   9,206 - 241 + 2,246
            Federal agency debt securities 2   96,478 0 - 34,410
            Mortgage-backed securities 4   836,793 0 - 100,362
        Repurchase agreements 5   0 0 0
        Loans   7,020 - 52 - 10,835
    Net portfolio holdings of Maiden Lane LLC 6   5,470 + 30 - 20,142
    Net portfolio holdings of Maiden Lane II LLC 7   19 0 - 15,828
    Net portfolio holdings of Maiden Lane III LLC 8   17,586 + 79 - 5,465
    Net portfolio holdings of TALF LLC 9   831 0 + 113
    Items in process of collection (67) 166 + 753 + 36
    Bank premises   2,353 + 1 + 140
    Central bank liquidity swaps 10   32,471 - 14,011 + 32,471
    Other assets 11   170,734 + 3,221 + 47,732
 
Total assets (67) 2,869,519 + 1,719 + 199,936
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
Assets, liabilities, and capital Eliminations from
consolidation		 Wednesday
Apr 11, 2012		 Change since
Wednesday
Apr 4, 2012		 Wednesday
Apr 13, 2011
Liabilities  
    Federal Reserve notes, net of F.R. Bank holdings   1,059,842 + 322 + 90,058
    Reverse repurchase agreements 12   88,889 + 5,538 + 34,867
    Deposits (0) 1,645,506 - 5,501 + 74,224
        Term deposits held by depository institutions   3,057 0 - 2,024
        Other deposits held by depository institutions   1,568,800 + 6,448 + 34,606
        U.S. Treasury, General Account   35,524 - 21,250 + 10,752
        U.S. Treasury, Supplementary Financing Account   0 0 - 5,000
        Foreign official   127 0 + 4
        Other (0) 37,997 + 9,300 + 35,885
    Deferred availability cash items (67) 1,106 - 181 - 556
    Other liabilities and accrued dividends 13   19,735 + 1,534 - 516
 
Total liabilities (67) 2,815,078 + 1,712 + 198,077
 
Capital accounts  
    Capital paid in   27,220 + 3 + 929
    Surplus   27,220 + 3 + 929
    Other capital accounts   0 0 0
 
Total capital   54,441 + 7 + 1,859
Note: Components may not sum to totals because of rounding.


1. 
Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. 
Face value of the securities.
3. 
Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.
4. 
Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. 
Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. 
Refer to table 4 and the note on consolidation accompanying table 9.
7. 
Refer to table 5 and the note on consolidation accompanying table 9.
8. 
Refer to table 6 and the note on consolidation accompanying table 9.
9. 
Refer to table 7 and the note on consolidation accompanying table 9.
10. 
Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.
11. 
Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility.
12. 
Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
13. 
Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury.


9. Statement of Condition of Each Federal Reserve Bank, April 11, 2012
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City		 Dallas San
Francisco
Assets  
    Gold certificate account 11,037 390 3,866 432 450 872 1,394 854 319 197 318 728 1,217
    Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574
    Coin 2,269 55 112 154 161 406 197 325 32 60 170 222 375
    Securities, repurchase agreements,
        and loans		 2,621,384 64,282 1,222,794 89,558 70,619 301,932 194,359 155,266 49,482 40,180 69,543 103,400 259,969
        Securities held outright 1 2,614,364 64,278 1,215,792 89,558 70,619 301,932 194,359 155,255 49,482 40,179 69,543 103,398 259,968
            U.S. Treasury securities 1,681,093 41,332 781,780 57,588 45,410 194,149 124,977 99,832 31,818 25,836 44,718 66,487 167,165
                Bills 2 18,423 453 8,567 631 498 2,128 1,370 1,094 349 283 490 729 1,832
                Notes and bonds 3 1,662,671 40,879 773,213 56,957 44,912 192,022 123,607 98,738 31,469 25,553 44,228 65,759 165,333
            Federal agency debt securities 2 96,478 2,372 44,866 3,305 2,606 11,142 7,172 5,729 1,826 1,483 2,566 3,816 9,594
            Mortgage-backed securities 4 836,793 20,574 389,145 28,665 22,604 96,641 62,209 49,693 15,838 12,860 22,259 33,095 83,209
        Repurchase agreements 5 0 0 0 0 0 0 0 0 0 0 0 0 0
        Loans 7,020 4 7,002 0 0 0 0 11 0 1 0 2 0
    Net portfolio holdings of Maiden
        Lane LLC 6		 5,470 0 5,470 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane II LLC 7		 19 0 19 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane III LLC 8		 17,586 0 17,586 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of TALF LLC 9 831 0 831 0 0 0 0 0 0 0 0 0 0
    Items in process of collection 233 8 0 45 35 3 58 14 5 11 3 9 40
    Bank premises 2,353 122 445 66 124 231 212 203 133 105 257 243 212
    Central bank liquidity swaps 10 32,471 1,138 10,474 2,816 2,401 6,717 1,857 866 266 132 323 520 4,960
    Other assets 11 170,734 4,492 75,476 7,205 5,818 22,153 12,288 9,291 2,992 2,378 4,126 6,195 18,322
    Interdistrict settlement account 0 - 110 + 188,402 + 8,859 - 2,813 - 105,395 - 35,232 - 2,448 - 6,017 - 13,791 - 13,676 + 2,363 - 20,143
 
Total assets 2,869,586 70,574 1,527,295 109,346 77,031 227,331 175,787 164,795 47,361 29,362 61,217 113,962 265,525
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


9. Statement of Condition of Each Federal Reserve Bank, April 11, 2012 (continued)
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City		 Dallas San
Francisco
Liabilities  
    Federal Reserve notes outstanding 1,238,077 45,909 435,220 48,242 59,999 102,579 143,843 95,429 33,221 22,610 37,760 78,449 134,817
        Less: Notes held by F.R. Banks 178,235 4,666 64,142 5,739 7,910 10,968 26,521 11,952 4,191 4,180 3,837 11,109 23,021
            Federal Reserve notes, net 1,059,842 41,243 371,079 42,503 52,090 91,611 117,323 83,476 29,030 18,430 33,923 67,340 111,796
    Reverse repurchase agreements 12 88,889 2,185 41,337 3,045 2,401 10,266 6,608 5,279 1,682 1,366 2,365 3,516 8,839
    Deposits 1,645,506 24,199 1,082,675 58,929 17,874 113,468 47,958 73,956 15,965 8,951 24,117 41,825 135,590
        Term deposits held by depository
            institutions		 3,057 15 2,094 451 0 43 5 8 0 76 0 5 361
        Other deposits held by depository
            institutions		 1,568,800 24,180 1,007,214 58,460 17,870 113,221 47,950 73,914 15,964 8,874 24,115 41,818 135,218
        U.S. Treasury, General Account 35,524 0 35,524 0 0 0 0 0 0 0 0 0 0
        U.S. Treasury, Supplementary
            Financing Account		 0 0 0 0 0 0 0 0 0 0 0 0 0
        Foreign official 127 1 100 3 3 8 2 1 0 0 0 1 6
        Other 37,998 3 37,743 14 1 196 0 32 0 0 1 1 6
    Deferred availability cash items 1,172 42 0 100 111 23 220 29 30 215 38 66 298
    Interest on Federal Reserve notes due
        to U.S. Treasury 13		 1,929 49 927 71 59 233 129 106 32 21 43 67 194
    Other liabilities and accrued
        dividends 14		 17,806 210 13,923 284 267 814 493 409 181 160 193 288 585
 
Total liabilities 2,815,145 67,929 1,509,941 104,931 72,801 216,414 172,730 163,255 46,920 29,143 60,678 113,102 257,302
 
Capital  
    Capital paid in 27,220 1,323 8,677 2,207 2,115 5,458 1,528 770 220 110 270 430 4,112
    Surplus 27,220 1,323 8,677 2,207 2,115 5,458 1,528 770 220 110 270 430 4,112
    Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
 
Total liabilities and capital 2,869,586 70,574 1,527,295 109,346 77,031 227,331 175,787 164,795 47,361 29,362 61,217 113,962 265,525
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


9. Statement of Condition of Each Federal Reserve Bank, April 11, 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
Federal Reserve notes and collateral Wednesday
Apr 11, 2012
Federal Reserve notes outstanding 1,238,077
    Less: Notes held by F.R. Banks not subject to collateralization 178,235
        Federal Reserve notes to be collateralized 1,059,842
Collateral held against Federal Reserve notes 1,059,842
    Gold certificate account 11,037
    Special drawing rights certificate account 5,200
    U.S. Treasury, agency debt, and mortgage-backed securities pledged 1,2 1,043,605
    Other assets pledged 0
Memo:  
Total U.S. Treasury, agency debt, and mortgage-backed securities 1,2 2,614,364
    Less: Face value of securities under reverse repurchase agreements 77,423
        U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,536,942
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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Last update: April 12, 2012