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Release Date:   September 6, 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

September 6, 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
Sep 5, 2012
Week ended
Sep 5, 2012		 Change from week ended
Aug 29, 2012 Sep 7, 2011
Reserve Bank credit 2,798,012 - 5,627 - 42,835 2,804,244
    Securities held outright 1 2,574,490 - 3,695 - 74,808 2,579,781
        U.S. Treasury securities 1,643,594 + 5,259 - 10,983 1,648,862
            Bills 2 0 0 - 18,423 0
            Notes and bonds, nominal 2 1,563,207 + 5,281 + 3,299 1,568,492
            Notes and bonds, inflation-indexed 2 70,435 0 + 3,681 70,435
            Inflation compensation 3 9,952 - 23 + 460 9,935
        Federal agency debt securities 2 87,210 0 - 22,566 87,210
        Mortgage-backed securities 4 843,687 - 8,953 - 41,258 843,710
    Repurchase agreements 5 0 0 0 0
    Loans 2,435 - 161 - 9,237 2,497
        Primary credit 151 + 119 + 149 255
        Secondary credit 0 0 0 0
        Seasonal credit 133 - 14 + 55 121
        Term Asset-Backed Securities Loan Facility 6 2,152 - 265 - 9,440 2,121
        Other credit extensions 0 0 0 0
    Net portfolio holdings of Maiden Lane LLC 7 1,911 + 37 - 16,323 1,915
    Net portfolio holdings of Maiden Lane II LLC 8 61 0 - 9,916 61
    Net portfolio holdings of Maiden Lane III LLC 9 1,585 + 26 - 19,754 1,585
    Net portfolio holdings of TALF LLC 10 851 0 + 76 851
    Float -691 - 90 + 413 -1,166
    Central bank liquidity swaps 11 23,442 - 2,241 + 23,442 23,442
    Other Federal Reserve assets 12 193,927 + 496 + 63,272 195,276
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding 13 44,662 + 14 + 600 44,662
 
Total factors supplying reserve funds 2,858,915 - 5,614 - 42,235 2,865,147
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
Sep 5, 2012
Week ended
Sep 5, 2012		 Change from week ended
Aug 29, 2012 Sep 7, 2011
Currency in circulation 13 1,127,869 + 8,745 + 85,998 1,129,018
Reverse repurchase agreements 14 92,945 + 127 - 10,483 89,848
    Foreign official and international accounts 92,945 + 127 - 10,483 89,848
    Others 0 0 0 0
Treasury cash holdings 118 - 8 - 5 120
Deposits with F.R. Banks, other than reserve balances 53,380 - 29,677 - 15,260 51,974
    Term deposits held by depository institutions 0 0 0 0
    U.S. Treasury, General Account 30,048 + 4,854 + 9,856 26,561
    U.S. Treasury, Supplementary Financing Account 0 0 0 0
    Foreign official 5,134 + 44 + 698 5,084
    Service-related 0 0 - 2,475 0
        Required clearing balances 0 0 - 2,475 0
        Adjustments to compensate for float 0 0 0 0
    Other 18,198 - 34,574 - 23,339 20,329
Other liabilities and capital 15 66,439 - 649 - 4,737 65,805
 
Total factors, other than reserve balances,
    absorbing reserve funds		 1,340,751 - 21,461 + 55,513 1,336,765
 
Reserve balances with Federal Reserve Banks 1,518,165 + 15,848 - 97,747 1,528,382
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
Sep 5, 2012
Week ended
Sep 5, 2012		 Change from week ended
Aug 29, 2012 Sep 7, 2011
Marketable securities held in custody for foreign
    official and international accounts 1		 3,578,713 + 11,108 + 101,152 3,573,562
    U.S. Treasury securities 2,878,468 + 10,591 + 134,184 2,873,162
    Federal agency securities 2 700,245 + 517 - 33,032 700,400
Securities lent to dealers 5,207 - 993 - 6,401 5,188
    Overnight facility 3 5,207 - 993 - 6,401 5,188
        U.S. Treasury securities 4,566 - 1,008 - 6,532 4,639
        Federal agency debt securities 641 + 15 + 132 549
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, September 5, 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 1 322 323 771 1,081 0 ... 2,497
U.S. Treasury securities 2  
    Holdings 0 928 4,713 492,051 785,689 365,481 1,648,862
    Weekly changes - 3,556 + 100 - 99 + 1,856 + 7,523 + 3,625 + 9,449
Federal agency debt securities 3  
    Holdings 112 7,815 13,570 58,956 4,410 2,347 87,210
    Weekly changes + 112 - 112 0 0 0 0 0
Mortgage-backed securities 4  
    Holdings 0 0 4 3 286 843,417 843,710
    Weekly changes 0 0 + 2 - 1 + 18 + 95 + 113
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 16,156 7,287 0 0 0 0 23,442
   
Reverse repurchase agreements 6 89,848 0 ... ... ... ... 89,848
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
Account name Wednesday
Sep 5, 2012
Mortgage-backed securities held outright 1 843,710
 
Commitments to buy mortgage-backed securities 2 50,506
Commitments to sell mortgage-backed securities 2 0
 
Cash and cash equivalents 3 65
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
Sep 5, 2012
Net portfolio holdings of Maiden Lane LLC 1 1,915
 
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. 3 487
1. 
Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2012. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. 
Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. 
Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

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


5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Account name Wednesday
Sep 5, 2012
Net portfolio holdings of Maiden Lane II LLC 1 61
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 0
Accrued interest payable to the Federal Reserve Bank of New York 2 0
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. 3 0
1. 
Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2012. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. 
Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. 
Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

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


6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Account name Wednesday
Sep 5, 2012
Net portfolio holdings of Maiden Lane III LLC 1 1,585
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 0
Accrued interest payable to the Federal Reserve Bank of New York 2 0
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. 3 0
1. 
Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2012. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. 
Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. 
Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

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


7. Information on Principal Accounts of TALF LLC
Millions of dollars
Account name Wednesday
Sep 5, 2012
Asset-backed securities holdings 1 0
Other investments, net 851
Net portfolio holdings of TALF LLC 851
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 0
Accrued interest payable to the Federal Reserve Bank of New York 2 0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable 3 112
1. 
Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date.
2. 
Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. 
Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

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


TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF LLC, by the interest received on investments of TALF LLC, by up to $1.4 billion in subordinated debt funding provided by the U.S. Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S. Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the U.S. Treasury.


8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations from
consolidation		 Wednesday
Sep 5, 2012		 Change since
Wednesday
Aug 29, 2012		 Wednesday
Sep 7, 2011
Assets  
    Gold certificate account   11,037 0 0
    Special drawing rights certificate account   5,200 0 0
    Coin   2,135 - 15 - 60
    Securities, repurchase agreements, and loans   2,582,278 + 9,638 - 79,704
        Securities held outright 1   2,579,781 + 9,561 - 70,539
            U.S. Treasury securities   1,648,862 + 9,449 - 6,737
                Bills 2   0 0 - 18,423
                Notes and bonds, nominal 2   1,568,492 + 9,478 + 7,567
                Notes and bonds, inflation-indexed 2   70,435 0 + 3,681
                Inflation compensation 3   9,935 - 30 + 438
            Federal agency debt securities 2   87,210 0 - 22,566
            Mortgage-backed securities 4   843,710 + 113 - 41,235
        Repurchase agreements 5   0 0 0
        Loans   2,497 + 77 - 9,164
    Net portfolio holdings of Maiden Lane LLC 6   1,915 + 7 - 16,342
    Net portfolio holdings of Maiden Lane II LLC 7   61 0 - 9,895
    Net portfolio holdings of Maiden Lane III LLC 8   1,585 0 - 19,821
    Net portfolio holdings of TALF LLC 9   851 0 + 76
    Items in process of collection (114) 206 + 143 - 125
    Bank premises   2,349 - 8 + 166
    Central bank liquidity swaps 10   23,442 - 2,241 + 23,442
    Other assets 11   192,928 + 1,824 + 64,107
 
Total assets (114) 2,823,988 + 9,350 - 38,156
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
Sep 5, 2012		 Change since
Wednesday
Aug 29, 2012		 Wednesday
Sep 7, 2011
Liabilities  
    Federal Reserve notes, net of F.R. Bank holdings   1,086,606 + 5,437 + 85,081
    Reverse repurchase agreements 12   89,848 - 2,803 - 12,908
    Deposits (0) 1,580,357 + 6,448 - 104,828
        Term deposits held by depository institutions   0 0 0
        Other deposits held by depository institutions   1,528,383 - 2,804 - 81,854
        U.S. Treasury, General Account   26,561 + 1,540 + 3,720
        U.S. Treasury, Supplementary Financing Account   0 0 0
        Foreign official   5,084 0 + 1,842
        Other (0) 20,329 + 7,713 - 28,536
    Deferred availability cash items (114) 1,372 + 540 - 826
    Other liabilities and accrued dividends 13   11,170 - 238 - 7,407
 
Total liabilities (114) 2,769,353 + 9,384 - 40,888
 
Capital accounts  
    Capital paid in   27,317 - 17 + 1,366
    Surplus   27,317 - 17 + 1,366
    Other capital accounts   0 0 0
 
Total capital   54,635 - 34 + 2,732
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, September 5, 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 2,135 47 95 147 146 381 197 317 36 52 162 204 351
    Securities, repurchase agreements,
        and loans		 2,582,278 62,661 1,448,487 85,282 65,589 183,607 155,545 143,124 40,351 23,516 51,848 100,497 221,771
        Securities held outright 1 2,579,781 62,658 1,446,366 85,282 65,589 183,607 155,543 143,115 40,332 23,453 51,829 100,238 221,770
            U.S. Treasury securities 1,648,862 40,048 924,442 54,508 41,921 117,352 99,415 91,472 25,778 14,990 33,126 64,067 141,744
                Bills 2 0 0 0 0 0 0 0 0 0 0 0 0 0
                Notes and bonds 3 1,648,862 40,048 924,442 54,508 41,921 117,352 99,415 91,472 25,778 14,990 33,126 64,067 141,744
            Federal agency debt securities 2 87,210 2,118 48,895 2,883 2,217 6,207 5,258 4,838 1,363 793 1,752 3,389 7,497
            Mortgage-backed securities 4 843,710 20,492 473,030 27,891 21,451 60,048 50,870 46,805 13,191 7,670 16,950 32,782 72,529
        Repurchase agreements 5 0 0 0 0 0 0 0 0 0 0 0 0 0
        Loans 2,497 3 2,121 0 0 0 2 9 18 64 19 260 1
    Net portfolio holdings of Maiden
        Lane LLC 6		 1,915 0 1,915 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane II LLC 7		 61 0 61 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane III LLC 8		 1,585 0 1,585 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of TALF LLC 9 851 0 851 0 0 0 0 0 0 0 0 0 0
    Items in process of collection 321 3 0 59 46 27 89 14 4 7 6 8 56
    Bank premises 2,349 121 455 67 122 229 213 203 130 104 254 240 210
    Central bank liquidity swaps 10 23,442 822 7,562 2,033 1,733 4,849 1,340 625 192 96 233 376 3,581
    Other assets 11 192,928 4,987 101,716 7,779 6,149 17,336 11,599 9,966 2,856 1,679 3,636 6,947 18,278
    Interdistrict settlement account 0 + 2,063 - 51,804 - 12,770 + 3,263 - 16,932 + 28,864 - 874 + 3,454 + 1,495 - 1,141 - 2,068 + 46,450
 
Total assets 2,824,103 71,307 1,516,566 83,245 77,801 190,800 199,837 154,638 47,485 27,231 55,467 107,211 292,514
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, September 5, 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 1,292,434 45,840 450,694 47,558 61,391 102,173 174,747 94,516 37,356 22,581 36,443 80,854 138,279
        Less: Notes held by F.R. Banks 205,828 4,848 80,637 5,700 8,305 11,963 26,049 13,100 4,062 3,489 3,616 19,500 24,561
            Federal Reserve notes, net 1,086,606 40,993 370,057 41,859 53,087 90,211 148,698 81,416 33,294 19,092 32,827 61,355 113,718
    Reverse repurchase agreements 12 89,848 2,182 50,374 2,970 2,284 6,395 5,417 4,984 1,405 817 1,805 3,491 7,724
    Deposits 1,580,357 25,182 1,071,474 33,636 17,828 82,458 41,805 66,206 12,100 6,813 20,047 41,023 161,785
        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		 1,528,383 25,178 1,019,764 33,612 17,826 82,276 41,797 66,178 12,099 6,813 20,046 41,016 161,778
        U.S. Treasury, General Account 26,561 0 26,561 0 0 0 0 0 0 0 0 0 0
        U.S. Treasury, Supplementary
            Financing Account		 0 0 0 0 0 0 0 0 0 0 0 0 0
        Foreign official 5,084 1 5,057 3 3 8 2 1 0 0 0 1 6
        Other 20,329 2 20,091 21 0 174 5 26 0 0 1 6 1
    Deferred availability cash items 1,487 63 0 150 69 59 317 30 56 136 47 129 430
    Interest on Federal Reserve notes due
        to U.S. Treasury 13		 1,363 30 738 49 37 109 108 68 19 13 26 53 113
    Other liabilities and accrued
        dividends 14		 9,808 199 6,464 255 242 616 419 381 164 131 163 273 501
 
Total liabilities 2,769,468 68,649 1,499,107 78,918 73,547 179,847 196,764 153,085 47,037 27,002 54,916 106,324 284,272
 
Capital  
    Capital paid in 27,317 1,329 8,730 2,163 2,127 5,476 1,537 776 224 114 275 444 4,121
    Surplus 27,317 1,329 8,730 2,163 2,127 5,476 1,537 776 224 114 275 444 4,121
    Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
 
Total liabilities and capital 2,824,103 71,307 1,516,566 83,245 77,801 190,800 199,837 154,638 47,485 27,231 55,467 107,211 292,514
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, September 5, 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
Sep 5, 2012
Federal Reserve notes outstanding 1,292,434
    Less: Notes held by F.R. Banks not subject to collateralization 205,828
        Federal Reserve notes to be collateralized 1,086,606
Collateral held against Federal Reserve notes 1,086,606
    Gold certificate account 11,037
    Special drawing rights certificate account 5,200
    U.S. Treasury, agency debt, and mortgage-backed securities pledged 1,2 1,070,369
    Other assets pledged 0
Memo:  
Total U.S. Treasury, agency debt, and mortgage-backed securities 1,2 2,579,781
    Less: Face value of securities under reverse repurchase agreements 76,429
        U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,503,353
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: September 6, 2012