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Release Date:   June 14, 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

June 14, 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
Jun 13, 2012
Week ended
Jun 13, 2012		 Change from week ended
Jun 6, 2012 Jun 15, 2011
Reserve Bank credit 2,835,518 + 4,576 + 25,789 2,851,965
    Securities held outright 1 2,606,896 + 504 + 1,667 2,621,345
        U.S. Treasury securities 1,659,569 - 1,817 + 90,706 1,660,158
            Bills 2 18,423 0 0 18,423
            Notes and bonds, nominal 2 1,564,112 - 1,497 + 85,443 1,565,618
            Notes and bonds, inflation-indexed 2 67,344 - 310 + 3,974 66,570
            Inflation compensation 3 9,690 - 10 + 1,289 9,547
        Federal agency debt securities 2 93,252 0 - 25,737 93,252
        Mortgage-backed securities 4 854,075 + 2,321 - 63,302 867,934
    Repurchase agreements 5 0 0 0 0
    Loans 5,438 - 31 - 7,844 5,375
        Primary credit 13 + 2 - 11 4
        Secondary credit 0 0 0 0
        Seasonal credit 47 + 12 + 8 51
        Term Asset-Backed Securities Loan Facility 6 5,378 - 46 - 7,841 5,320
        Other credit extensions 0 0 0 0
    Net portfolio holdings of Maiden Lane LLC 7 3,882 + 3 - 20,476 3,880
    Net portfolio holdings of Maiden Lane II LLC 8 19 0 - 12,509 19
    Net portfolio holdings of Maiden Lane III LLC 9 15,322 + 59 - 9,089 15,478
    Net portfolio holdings of TALF LLC 10 841 0 + 95 841
    Float -722 + 54 + 402 -810
    Central bank liquidity swaps 11 23,314 + 1,032 + 23,314 23,314
    Other Federal Reserve assets 12 180,528 + 2,955 + 50,227 182,524
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding 13 44,529 + 14 + 599 44,529
 
Total factors supplying reserve funds 2,896,288 + 4,590 + 26,387 2,912,735
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
Jun 13, 2012
Week ended
Jun 13, 2012		 Change from week ended
Jun 6, 2012 Jun 15, 2011
Currency in circulation 13 1,108,666 - 667 + 85,765 1,109,482
Reverse repurchase agreements 14 88,008 - 4,621 + 23,863 83,419
    Foreign official and international accounts 88,008 - 4,621 + 25,056 83,419
    Others 0 0 - 1,193 0
Treasury cash holdings 142 - 4 + 7 137
Deposits with F.R. Banks, other than reserve balances 73,307 - 13,340 + 15,078 75,403
    Term deposits held by depository institutions 3,053 0 - 2,034 3,053
    U.S. Treasury, General Account 41,885 - 18,878 + 549 36,248
    U.S. Treasury, Supplementary Financing Account 0 0 - 5,000 0
    Foreign official 792 + 661 + 660 1,573
    Service-related 1,897 - 4 - 644 1,897
        Required clearing balances 1,897 - 4 - 644 1,897
        Adjustments to compensate for float 0 0 0 0
    Other 25,680 + 4,882 + 21,547 32,631
Other liabilities and capital 15 76,370 + 942 + 2,064 79,568
 
Total factors, other than reserve balances,
    absorbing reserve funds		 1,346,492 - 17,692 + 126,776 1,348,008
 
Reserve balances with Federal Reserve Banks 1,549,796 + 22,282 - 100,389 1,564,728
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
Jun 13, 2012
Week ended
Jun 13, 2012		 Change from week ended
Jun 6, 2012 Jun 15, 2011
Marketable securities held in custody for foreign
    official and international accounts 1		 3,508,477 - 9,140 + 61,828 3,499,771
    U.S. Treasury securities 2,793,312 - 5,832 + 85,846 2,786,495
    Federal agency securities 2 715,164 - 3,309 - 24,019 713,276
Securities lent to dealers 10,873 - 4,203 - 9,340 10,105
    Overnight facility 3 10,873 - 4,203 - 9,340 10,105
        U.S. Treasury securities 10,282 - 4,165 - 9,153 9,535
        Federal agency debt securities 590 - 39 - 188 570
Note: Components may not sum to totals because of rounding.


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

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, June 13, 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 13 1,885 1,677 1,800 0 ... 5,375
U.S. Treasury securities 2  
    Holdings 19,301 18,388 26,295 534,374 738,221 323,579 1,660,158
    Weekly changes + 2,156 - 2,156 0 - 9,675 + 14 + 5,526 - 4,134
Federal agency debt securities 3  
    Holdings 1,768 4,274 16,320 62,793 5,750 2,347 93,252
    Weekly changes 0 0 0 + 737 - 737 0 0
Mortgage-backed securities 4  
    Holdings 0 0 2 7 105 867,820 867,934
    Weekly changes 0 0 0 0 0 + 16,176 + 16,175
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 7,846 15,467 0 0 0 0 23,314
   
Reverse repurchase agreements 6 83,419 0 ... ... ... ... 83,419
Term deposits 3,053 0 0 ... ... ... 3,053
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
Jun 13, 2012
Mortgage-backed securities held outright 1 867,934
 
Commitments to buy mortgage-backed securities 2 28,570
Commitments to sell mortgage-backed securities 2 0
 
Cash and cash equivalents 3 46
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
Jun 13, 2012
Net portfolio holdings of Maiden Lane LLC 1 3,880
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 366
Accrued interest payable to the Federal Reserve Bank of New York 2 765
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. 3 1,418
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
Account name Wednesday
Jun 13, 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 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
Account name Wednesday
Jun 13, 2012
Net portfolio holdings of Maiden Lane III LLC 1 15,478
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 2,768
Accrued interest payable to the Federal Reserve Bank of New York 2 737
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. 3 5,623
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
Account name Wednesday
Jun 13, 2012
Asset-backed securities holdings 1 0
Other investments, net 841
Net portfolio holdings of TALF LLC 841
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 0
Accrued interest payable to the Federal Reserve Bank of New York 2 0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable 3 111
1. 
Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date.
2. 
Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. 
Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

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


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


8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations from
consolidation		 Wednesday
Jun 13, 2012		 Change since
Wednesday
Jun 6, 2012		 Wednesday
Jun 15, 2011
Assets  
    Gold certificate account   11,037 0 0
    Special drawing rights certificate account   5,200 0 0
    Coin   2,136 + 1 + 18
    Securities, repurchase agreements, and loans   2,626,720 + 11,946 + 4,677
        Securities held outright 1   2,621,345 + 12,042 + 12,535
            U.S. Treasury securities   1,660,158 - 4,134 + 84,219
                Bills 2   18,423 0 0
                Notes and bonds, nominal 2   1,565,618 - 2,877 + 79,912
                Notes and bonds, inflation-indexed 2   66,570 - 1,084 + 3,200
                Inflation compensation 3   9,547 - 173 + 1,106
            Federal agency debt securities 2   93,252 0 - 25,113
            Mortgage-backed securities 4   867,934 + 16,175 - 46,572
        Repurchase agreements 5   0 0 0
        Loans   5,375 - 96 - 7,857
    Net portfolio holdings of Maiden Lane LLC 6   3,880 - 3 - 19,889
    Net portfolio holdings of Maiden Lane II LLC 7   19 0 - 12,488
    Net portfolio holdings of Maiden Lane III LLC 8   15,478 + 181 - 8,752
    Net portfolio holdings of TALF LLC 9   841 0 + 95
    Items in process of collection (60) 140 - 57 - 240
    Bank premises   2,362 + 1 + 154
    Central bank liquidity swaps 10   23,314 + 1,046 + 23,314
    Other assets 11   180,203 + 3,928 + 52,894
 
Total assets (60) 2,871,328 + 17,042 + 39,783
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
Jun 13, 2012		 Change since
Wednesday
Jun 6, 2012		 Wednesday
Jun 15, 2011
Liabilities  
    Federal Reserve notes, net of F.R. Bank holdings   1,067,221 - 604 + 84,858
    Reverse repurchase agreements 12   83,419 - 5,442 + 15,240
    Deposits (0) 1,640,171 + 18,526 - 66,107
        Term deposits held by depository institutions   3,053 0 - 2,034
        Other deposits held by depository institutions   1,566,665 + 19,804 - 2,564
        U.S. Treasury, General Account   36,248 - 17,792 - 90,180
        U.S. Treasury, Supplementary Financing Account   0 0 - 5,000
        Foreign official   1,573 + 1,444 + 1,442
        Other (0) 32,631 + 15,070 + 32,227
    Deferred availability cash items (60) 950 - 194 - 794
    Other liabilities and accrued dividends 13   24,930 + 4,817 + 4,905
 
Total liabilities (60) 2,816,690 + 17,103 + 38,100
 
Capital accounts  
    Capital paid in   27,319 - 31 + 841
    Surplus   27,319 - 31 + 841
    Other capital accounts   0 0 0
 
Total capital   54,638 - 61 + 1,683
Note: Components may not sum to totals because of rounding.


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


9. Statement of Condition of Each Federal Reserve Bank, June 13, 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 11,037 408 3,824 437 515 890 1,337 839 313 192 315 725 1,242
    Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574
    Coin 2,136 43 94 149 148 385 197 312 36 54 162 202 353
    Securities, repurchase agreements,
        and loans		 2,626,720 63,672 1,474,988 86,656 66,646 186,565 158,049 145,425 40,985 23,868 52,666 101,857 225,343
        Securities held outright 1 2,621,345 63,668 1,469,669 86,656 66,646 186,565 158,049 145,421 40,982 23,830 52,664 101,853 225,343
            U.S. Treasury securities 1,660,158 40,322 930,775 54,881 42,208 118,156 100,096 92,098 25,955 15,092 33,353 64,506 142,715
                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 1,641,736 39,875 920,446 54,272 41,740 116,845 98,985 91,076 25,667 14,925 32,983 63,790 141,131
            Federal agency debt securities 2 93,252 2,265 52,282 3,083 2,371 6,637 5,622 5,173 1,458 848 1,873 3,623 8,016
            Mortgage-backed securities 4 867,934 21,080 486,611 28,692 22,067 61,772 52,330 48,149 13,569 7,890 17,437 33,724 74,612
        Repurchase agreements 5 0 0 0 0 0 0 0 0 0 0 0 0 0
        Loans 5,375 5 5,320 0 0 0 0 4 3 37 2 4 1
    Net portfolio holdings of Maiden
        Lane LLC 6		 3,880 0 3,880 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		 15,478 0 15,478 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of TALF LLC 9 841 0 841 0 0 0 0 0 0 0 0 0 0
    Items in process of collection 200 2 0 48 34 5 36 12 7 7 5 9 36
    Bank premises 2,362 121 460 66 123 230 213 203 132 105 256 241 211
    Central bank liquidity swaps 10 23,314 817 7,520 2,022 1,724 4,823 1,333 622 191 95 232 373 3,562
    Other assets 11 180,203 4,677 94,612 7,354 5,814 16,405 10,838 9,261 2,658 1,561 3,381 6,468 17,174
    Interdistrict settlement account 0 + 3,290 - 67,003 - 15,626 + 4,317 + 29,225 + 9,244 + 929 + 2,578 + 618 - 921 - 127 + 33,476
 
Total assets 2,871,388 73,227 1,536,532 81,317 79,558 238,939 181,901 158,026 47,049 26,590 56,247 110,030 281,972
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


9. Statement of Condition of Each Federal Reserve Bank, June 13, 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 1,252,491 46,815 434,530 47,761 61,472 101,861 156,025 94,947 37,684 22,168 37,201 77,505 134,523
        Less: Notes held by F.R. Banks 185,269 4,927 68,152 5,378 7,855 11,882 26,880 12,877 4,293 3,579 3,586 11,414 24,446
            Federal Reserve notes, net 1,067,221 41,888 366,378 42,383 53,617 89,978 129,145 82,070 33,390 18,589 33,615 66,091 110,076
    Reverse repurchase agreements 12 83,419 2,026 46,769 2,758 2,121 5,937 5,030 4,628 1,304 758 1,676 3,241 7,171
    Deposits 1,640,171 26,261 1,087,409 31,200 19,089 130,949 43,696 68,963 11,559 6,605 20,084 39,225 155,132
        Term deposits held by depository
            institutions		 3,053 10 2,255 600 0 95 5 8 0 70 5 5 0
        Other deposits held by depository
            institutions		 1,566,665 26,241 1,014,894 30,590 19,086 130,728 43,688 68,929 11,558 6,534 20,077 39,219 155,120
        U.S. Treasury, General Account 36,248 0 36,248 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 1,573 1 1,546 3 3 8 2 1 0 0 0 1 6
        Other 32,631 9 32,465 6 0 118 1 25 0 0 1 1 6
    Deferred availability cash items 1,010 35 0 96 56 22 116 23 85 219 37 63 258
    Interest on Federal Reserve notes due
        to U.S. Treasury 13		 1,762 46 991 112 42 112 96 93 25 14 32 62 137
    Other liabilities and accrued
        dividends 14		 23,168 326 17,532 442 392 1,021 717 643 239 178 261 459 957
 
Total liabilities 2,816,750 70,583 1,519,078 76,990 75,316 228,021 178,800 156,420 46,603 26,363 55,703 109,141 273,732
 
Capital  
    Capital paid in 27,319 1,322 8,727 2,164 2,121 5,459 1,550 803 223 114 272 444 4,120
    Surplus 27,319 1,322 8,727 2,164 2,121 5,459 1,550 803 223 114 272 444 4,120
    Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
 
Total liabilities and capital 2,871,388 73,227 1,536,532 81,317 79,558 238,939 181,901 158,026 47,049 26,590 56,247 110,030 281,972
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


9. Statement of Condition of Each Federal Reserve Bank, June 13, 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
Jun 13, 2012
Federal Reserve notes outstanding 1,252,491
    Less: Notes held by F.R. Banks not subject to collateralization 185,269
        Federal Reserve notes to be collateralized 1,067,221
Collateral held against Federal Reserve notes 1,067,221
    Gold certificate account 11,037
    Special drawing rights certificate account 5,200
    U.S. Treasury, agency debt, and mortgage-backed securities pledged 1,2 1,050,984
    Other assets pledged 0
Memo:  
Total U.S. Treasury, agency debt, and mortgage-backed securities 1,2 2,621,345
    Less: Face value of securities under reverse repurchase agreements 72,107
        U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,549,238
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: June 14, 2012