FRB: H.4.1 Release--Factors Affecting Reserve Balances--May 10, 2012

FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
May 10, 2012

1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended May 9, 2012
Federal Reserve Banks May 9, 2012 May 2, 2012 May 11, 2011

Reserve Bank credit 2,845,247 - 611 + 132,154 2,846,853
Securities held outright (1) 2,607,596 - 1,672 + 104,287 2,608,336
U.S. Treasury securities 1,665,201 - 1,691 + 214,032 1,665,939
Bills (2) 18,423 0 0 18,423
Notes and bonds, nominal (2) 1,571,332 - 481 + 205,476 1,572,022
Notes and bonds, inflation-indexed (2) 66,326 - 1,094 + 6,762 66,326
Inflation compensation (3) 9,120 - 116 + 1,793 9,168
Federal agency debt securities (2) 94,571 0 - 30,547 94,571
Mortgage-backed securities (4) 847,824 + 19 - 79,197 847,826
Repurchase agreements (5) 0 0 0 0
Loans 6,482 - 146 - 9,245 6,461
Primary credit 14 - 69 + 10 6
Secondary credit 0 0 0 0
Seasonal credit 26 + 12 + 9 28
Term Asset-Backed Securities Loan Facility (6) 6,442 - 89 - 9,264 6,427
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (7) 4,184 + 8 - 20,615 4,193
Net portfolio holdings of Maiden Lane II LLC (8) 19 0 - 14,953 19
Net portfolio holdings of Maiden Lane III LLC (9) 20,223 + 248 - 4,401 20,323
Net portfolio holdings of TALF LLC (10) 836 0 + 103 836
Float -736 + 128 + 217 -956
Central bank liquidity swaps (11) 26,656 - 1,295 + 26,656 26,656
Other Federal Reserve assets (12) 179,985 + 2,115 + 50,102 180,985
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (13) 44,459 + 14 + 596 44,459

Total factors supplying reserve funds 2,905,947 - 597 + 132,749 2,907,553

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended May 9, 2012
Federal Reserve Banks May 9, 2012 May 2, 2012 May 11, 2011

Currency in circulation (13) 1,102,555 + 2,003 + 85,524 1,104,257
Reverse repurchase agreements (14) 93,543 - 4,403 + 37,168 87,779
Foreign official and international accounts 93,543 - 4,403 + 37,168 87,779
Others 0 0 0 0
Treasury cash holdings 139 - 1 - 12 136
Deposits with F.R. Banks, other than reserve balances 136,619 - 1,618 + 27,996 132,206
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 113,232 - 7,516 + 13,639 102,803
U.S. Treasury, Supplementary Financing Account 0 0 - 5,000 0
Foreign official 133 - 5 - 3 128
Service-related 1,907 - 20 - 638 1,907
Required clearing balances 1,907 - 20 - 638 1,907
Adjustments to compensate for float 0 0 0 0
Other 21,348 + 5,924 + 19,999 27,369
Other liabilities and capital (15) 75,820 - 1,217 + 1,886 74,776

Total factors, other than reserve balances,
absorbing reserve funds 1,408,676 - 5,237 + 152,562 1,399,155

Reserve balances with Federal Reserve Banks 1,497,271 + 4,640 - 19,813 1,508,399

Note: Components may not sum to totals because of rounding.

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

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.

1A. Memorandum Items
Millions of dollars
Averages of daily figures Wednesday
Week ended Change from week ended May 9, 2012
Memorandum item May 9, 2012 May 2, 2012 May 11, 2011

Marketable securities held in custody for foreign
official and international accounts (1) 3,498,968 + 3,163 + 38,156 3,490,255
U.S. Treasury securities 2,784,368 + 4,175 + 85,051 2,775,707
Federal agency securities (2) 714,600 - 1,012 - 46,895 714,548
Securities lent to dealers 13,036 - 746 - 4,272 13,575
Overnight facility (3) 13,036 - 746 - 4,272 13,575
U.S. Treasury securities 12,298 - 602 - 4,148 12,861
Federal agency debt securities 739 - 142 - 123 714

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, May 9, 2012
Millions of dollars
Within 15 16 days to 91 days to Over 1 year Over 5 years Over 10 All
Remaining maturity days 90 days 1 year to 5 years to 10 years years

Loans (1) 25 713 3,819 1,904 0 ... 6,461
U.S. Treasury securities (2)
Holdings 16,989 13,442 42,608 549,945 737,699 305,256 1,665,939
Weekly changes - 3,520 + 3,520 - 8,640 - 1,562 + 4,767 + 3,744 - 1,691
Federal agency debt securities (3)
Holdings 1,319 2,223 18,976 60,224 9,482 2,347 94,571
Weekly changes + 914 - 914 0 0 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 2 8 100 847,717 847,826
Weekly changes 0 0 0 0 + 1 + 6 + 6
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) 15,057 11,600 0 0 0 0 26,656

Reverse repurchase agreements (6) 87,779 0 ... ... ... ... 87,779
Term deposits 0 0 0 ... ... ... 0

Note: Components may not sum to totals because of rounding.
. . . Not applicable.

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

3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Wednesday
Account name May 9, 2012

Mortgage-backed securities held outright (1) 847,826

Commitments to buy mortgage-backed securities (2) 45,843
Commitments to sell mortgage-backed securities (2) 0

Cash and cash equivalents (3) 9

1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal
balance of the underlying mortgages.
2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls,
and coupon swaps.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8 and table 9.

4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Wednesday
Account name May 9, 2012

Net portfolio holdings of Maiden Lane LLC (1) 4,193

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 707
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) 1,411

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
March 31, 2012. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
and accrued dividends in table 8 and table 9.

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

5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Wednesday
Account name May 9, 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
Wednesday
Account name May 9, 2012

Net portfolio holdings of Maiden Lane III LLC (1) 20,323

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 7,972
Accrued interest payable to the Federal Reserve Bank of New York (2) 733
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,606

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

7. Information on Principal Accounts of TALF LLC
Millions of dollars
Wednesday
Account name May 9, 2012

Asset-backed securities holdings (1) 0
Other investments, net 836
Net portfolio holdings of TALF LLC 836

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
Eliminations from Wednesday Change since
consolidation May 9, 2012 Wednesday Wednesday
Assets, liabilities, and capital May 2, 2012 May 11, 2011

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 2,218 - 12 + 52
Securities, repurchase agreements, and loans 2,614,797 - 2,026 + 81,096
Securities held outright (1) 2,608,336 - 1,685 + 89,987
U.S. Treasury securities 1,665,939 - 1,691 + 199,730
Bills (2) 18,423 0 0
Notes and bonds, nominal (2) 1,572,022 - 242 + 191,180
Notes and bonds, inflation-indexed (2) 66,326 - 1,340 + 6,762
Inflation compensation (3) 9,168 - 109 + 1,787
Federal agency debt securities (2) 94,571 0 - 30,547
Mortgage-backed securities (4) 847,826 + 6 - 79,195
Repurchase agreements (5) 0 0 0
Loans 6,461 - 340 - 8,892
Net portfolio holdings of Maiden Lane LLC (6) 4,193 + 10 - 20,619
Net portfolio holdings of Maiden Lane II LLC (7) 19 0 - 14,966
Net portfolio holdings of Maiden Lane III LLC (8) 20,323 + 116 - 4,380
Net portfolio holdings of TALF LLC (9) 836 0 + 103
Items in process of collection (81) 166 - 120 - 337
Bank premises 2,366 + 1 + 156
Central bank liquidity swaps (10) 26,656 - 600 + 26,656
Other assets (11) 178,655 + 2,490 + 50,030

Total assets (81) 2,866,466 - 140 + 117,791

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Eliminations from Wednesday Change since
consolidation May 9, 2012 Wednesday Wednesday
Assets, liabilities, and capital May 2, 2012 May 11, 2011

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,062,148 + 1,515 + 85,363
Reverse repurchase agreements (12) 87,779 - 2,557 + 33,064
Deposits (0) 1,640,640 + 1,056 - 2,242
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 1,510,340 + 27,196 - 36,314
U.S. Treasury, General Account 102,803 - 33,943 + 14,909
U.S. Treasury, Supplementary Financing Account 0 0 - 5,000
Foreign official 128 - 9 + 4
Other (0) 27,369 + 7,811 + 24,160
Deferred availability cash items (81) 1,122 - 15 - 413
Other liabilities and accrued dividends (13) 20,223 - 214 + 29

Total liabilities (81) 2,811,913 - 214 + 115,802

Capital accounts
Capital paid in 27,276 + 36 + 994
Surplus 27,276 + 36 + 994
Other capital accounts 0 0 0

Total capital 54,553 + 74 + 1,989

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, May 9, 2012
Millions of dollars
Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
Assets, liabilities, and capital City Francisco

Assets
Gold certificate account 11,037 408 3,824 437 515 890 1,337 839 313 192 315 725 1,242
Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574
Coin 2,218 51 108 152 156 395 200 323 34 58 166 208 366
Securities, repurchase agreements,
and loans 2,614,797 63,357 1,468,803 86,226 66,315 185,640 157,266 144,701 40,780 23,726 52,403 101,356 224,224
Securities held outright (1) 2,608,336 63,352 1,462,375 86,226 66,315 185,639 157,265 144,699 40,779 23,712 52,403 101,347 224,224
U.S. Treasury securities 1,665,939 40,463 934,016 55,072 42,355 118,567 100,445 92,419 26,045 15,145 33,469 64,730 143,212
Bills (2) 18,423 447 10,329 609 468 1,311 1,111 1,022 288 167 370 716 1,584
Notes and bonds (3) 1,647,516 40,015 923,687 54,463 41,887 117,256 99,334 91,397 25,757 14,977 33,099 64,015 141,628
Federal agency debt securities (2) 94,571 2,297 53,022 3,126 2,404 6,731 5,702 5,246 1,479 860 1,900 3,675 8,130
Mortgage-backed securities (4) 847,826 20,592 475,338 28,027 21,555 60,341 51,118 47,034 13,255 7,708 17,033 32,942 72,883
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 6,461 6 6,427 0 0 1 1 2 2 14 0 8 0
Net portfolio holdings of Maiden
Lane LLC (6) 4,193 0 4,193 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) 20,323 0 20,323 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF LLC (9) 836 0 836 0 0 0 0 0 0 0 0 0 0
Items in process of collection 247 8 1 53 38 5 64 13 6 6 5 7 39
Bank premises 2,366 122 462 66 124 230 212 203 132 105 256 242 211
Central bank liquidity swaps (10) 26,656 934 8,599 2,312 1,971 5,514 1,524 711 218 109 265 427 4,072
Other assets (11) 178,655 4,646 93,656 7,292 5,795 16,344 10,742 9,166 2,648 1,555 3,352 6,398 17,061
Interdistrict settlement account 0 - 365 + 18,134 - 15,061 + 1,129 - 5,717 + 2,278 - 721 + 1,958 + 1,449 + 1,020 + 996 - 5,101

Total assets 2,866,546 69,357 1,620,774 81,688 76,279 203,713 174,278 155,659 46,240 27,291 57,936 110,642 242,690

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, May 9, 2012 (continued)
Millions of dollars
Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
Assets, liabilities, and capital City Francisco

Liabilities
Federal Reserve notes outstanding 1,244,175 47,180 432,909 48,092 61,113 102,060 149,405 94,873 35,738 22,741 37,458 77,918 134,691
Less: Notes held by F.R. Banks 182,027 4,801 66,762 5,541 7,203 11,561 25,976 12,756 4,250 4,211 3,979 11,402 23,585
Federal Reserve notes, net 1,062,148 42,379 366,146 42,550 53,910 90,499 123,429 82,117 31,487 18,530 33,479 66,516 111,106
Reverse repurchase agreements (12) 87,779 2,132 49,214 2,902 2,232 6,247 5,292 4,870 1,372 798 1,764 3,411 7,546
Deposits 1,640,640 21,908 1,172,051 31,364 15,476 95,260 41,785 66,581 12,648 7,405 21,908 39,414 114,840
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 1,510,340 21,906 1,041,984 31,357 15,473 95,090 41,782 66,548 12,648 7,404 21,907 39,413 114,828
U.S. Treasury, General Account 102,803 0 102,803 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 128 1 101 3 3 8 2 1 0 0 0 1 6
Other 27,369 1 27,163 3 0 161 1 32 0 0 1 0 6
Deferred availability cash items 1,203 40 0 128 124 25 160 29 97 183 38 85 292
Interest on Federal Reserve notes due
to U.S. Treasury (13) 1,700 41 1,062 45 29 95 95 71 25 11 33 66 129
Other liabilities and accrued
dividends (14) 18,523 213 14,932 285 268 672 450 395 168 137 170 284 547

Total liabilities 2,811,994 66,714 1,603,405 77,274 72,039 192,798 171,211 154,062 45,798 27,064 57,392 109,776 234,461

Capital
Capital paid in 27,276 1,322 8,684 2,207 2,120 5,458 1,533 798 221 114 272 433 4,114
Surplus 27,276 1,322 8,684 2,207 2,120 5,458 1,533 798 221 114 272 433 4,114
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 2,866,546 69,357 1,620,774 81,688 76,279 203,713 174,278 155,659 46,240 27,291 57,936 110,642 242,690

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, May 9, 2012 (continued)
1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 4 and the note on consolidation below.
7. Refer to table 5 and the note on consolidation below.
8. Refer to table 6 and the note on consolidation below.
9. Refer to table 7 and the note on consolidation below.
10. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals
the market exchange rate used when the foreign currency was acquired from the foreign central bank.
11. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank of New York
(FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility.
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
13. Represents the estimated weekly remittances to U.S Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to
capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the
Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which
requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the
amount necessary to equate surplus with capital paid-in.
14. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have
recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.

Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was
extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector
collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan was extended to
Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc.
On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in
connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.

The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial
activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual
losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the
preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs
appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of
the LLCs, are included in other liabilities in this table (and table 1 and table 8).

10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Wednesday
Federal Reserve notes and collateral May 9, 2012

Federal Reserve notes outstanding 1,244,175
Less: Notes held by F.R. Banks not subject to collateralization 182,027
Federal Reserve notes to be collateralized 1,062,148
Collateral held against Federal Reserve notes 1,062,148
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,045,912
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,608,336
Less: Face value of securities under reverse repurchase agreements 75,346
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,532,990

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.

Statistical releases