FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks April 19, 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 Apr 18, 2012 Federal Reserve Banks Apr 18, 2012 Apr 11, 2012 Apr 20, 2011 Reserve Bank credit 2,865,930 + 21,742 + 206,604 2,858,204 Securities held outright (1) 2,630,337 + 20,532 + 176,306 2,622,702 U.S. Treasury securities 1,675,002 - 1,532 + 284,418 1,672,141 Bills (2) 18,423 0 0 18,423 Notes and bonds, nominal (2) 1,579,297 + 247 + 270,843 1,577,378 Notes and bonds, inflation-indexed (2) 68,103 - 1,551 + 11,121 67,236 Inflation compensation (3) 9,179 - 228 + 2,453 9,104 Federal agency debt securities (2) 95,383 - 1,095 - 34,130 95,200 Mortgage-backed securities (4) 859,952 + 23,159 - 73,982 855,361 Repurchase agreements (5) 0 0 0 0 Loans 6,961 - 96 - 10,657 6,949 Primary credit 6 + 3 + 1 2 Secondary credit 0 0 0 0 Seasonal credit 8 0 - 2 10 Term Asset-Backed Securities Loan Facility (6) 6,947 - 99 - 10,656 6,937 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 4,235 - 1,210 - 20,043 4,039 Net portfolio holdings of Maiden Lane II LLC (8) 19 0 - 15,832 19 Net portfolio holdings of Maiden Lane III LLC (9) 17,331 - 187 - 5,703 17,297 Net portfolio holdings of TALF LLC (10) 831 0 + 113 831 Float -849 - 51 + 421 -869 Central bank liquidity swaps (11) 32,371 - 100 + 32,371 32,371 Other Federal Reserve assets (12) 174,694 + 2,853 + 49,627 174,865 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (13) 44,387 + 14 + 542 44,387 Total factors supplying reserve funds 2,926,558 + 21,756 + 207,146 2,918,832 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 Apr 18, 2012 Federal Reserve Banks Apr 18, 2012 Apr 11, 2012 Apr 20, 2011 Currency in circulation (13) 1,100,160 - 762 + 89,652 1,100,559 Reverse repurchase agreements (14) 90,841 + 916 + 34,907 91,368 Foreign official and international accounts 90,841 + 916 + 34,907 91,368 Others 0 0 0 0 Treasury cash holdings 139 - 3 - 66 141 Deposits with F.R. Banks, other than reserve balances 95,900 + 6,896 + 3,310 139,904 Term deposits held by depository institutions 3,057 0 - 2,024 3,057 U.S. Treasury, General Account 53,427 + 8,138 - 19,841 103,093 U.S. Treasury, Supplementary Financing Account 0 0 - 5,000 0 Foreign official 163 + 31 + 33 127 Service-related 1,930 0 - 617 1,930 Required clearing balances 1,930 0 - 617 1,930 Adjustments to compensate for float 0 0 0 0 Other 37,323 - 1,274 + 30,759 31,698 Other liabilities and capital (15) 76,342 + 2,290 + 2,816 73,497 Total factors, other than reserve balances, absorbing reserve funds 1,363,382 + 9,336 + 130,620 1,405,470 Reserve balances with Federal Reserve Banks 1,563,176 + 12,420 + 76,526 1,513,362 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 Apr 18, 2012 Memorandum item Apr 18, 2012 Apr 11, 2012 Apr 20, 2011 Marketable securities held in custody for foreign official and international accounts (1) 3,491,357 + 2,150 + 72,805 3,484,188 U.S. Treasury securities 2,770,424 + 11,006 + 109,324 2,764,051 Federal agency securities (2) 720,933 - 8,856 - 36,519 720,137 Securities lent to dealers 14,202 - 4,855 - 6,494 12,903 Overnight facility (3) 14,202 - 4,855 - 6,494 12,903 U.S. Treasury securities 13,385 - 4,846 - 6,277 12,090 Federal agency debt securities 817 - 8 - 217 813 Note: Components may not sum to totals because of rounding. 1. Face value of the securities. Includes U.S. Treasury STRIPS and other zero-coupon bonds at face value and mortgage-backed securities at original face value. 2. Includes debt and mortgage-backed securities. 3. Fully collateralized by U.S. Treasury securities. 2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, April 18, 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) 10 941 3,980 2,017 0 ... 6,949 U.S. Treasury securities (2) Holdings 17,731 14,150 49,600 566,702 729,715 294,243 1,672,141 Weekly changes - 6,762 - 5,054 - 3,112 - 8,492 + 8,390 + 6,078 - 8,952 Federal agency debt securities (3) Holdings 629 3,542 18,976 60,224 9,482 2,347 95,200 Weekly changes - 1,278 + 455 - 455 + 1,500 - 1,500 0 - 1,278 Mortgage-backed securities (4) Holdings 0 0 2 9 101 855,249 855,361 Weekly changes 0 0 0 0 - 2 + 18,570 + 18,568 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) 11,446 20,925 0 0 0 0 32,371 Reverse repurchase agreements (6) 91,368 0 ... ... ... ... 91,368 Term deposits 3,057 0 0 ... ... ... 3,057 Note: Components may not sum to totals because of rounding. . . . Not applicable. 1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation under generally accepted accounting principles. 2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the original face value of such securities. 3. Face value. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets. 6. Cash value of agreements. 7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 3. Supplemental Information on Mortgage-Backed Securities Millions of dollars Wednesday Account name Apr 18, 2012 Mortgage-backed securities held outright (1) 855,361 Commitments to buy mortgage-backed securities (2) 33,656 Commitments to sell mortgage-backed securities (2) 200 Cash and cash equivalents (3) 123 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 Apr 18, 2012 Net portfolio holdings of Maiden Lane LLC (1) 4,039 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) 764 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,407 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2011. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9. Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY. 5. Information on Principal Accounts of Maiden Lane II LLC Millions of dollars Wednesday Account name Apr 18, 2012 Net portfolio holdings of Maiden Lane II LLC (1) 19 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0 Accrued interest payable to the Federal Reserve Bank of New York (2) 0 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 0 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2011. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9. 3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9. Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries. 6. Information on Principal Accounts of Maiden Lane III LLC Millions of dollars Wednesday Account name Apr 18, 2012 Net portfolio holdings of Maiden Lane III LLC (1) 17,297 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) 727 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,596 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2011. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9. Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG. 7. Information on Principal Accounts of TALF LLC Millions of dollars Wednesday Account name Apr 18, 2012 Asset-backed securities holdings (1) 0 Other investments, net 831 Net portfolio holdings of TALF LLC 831 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0 Accrued interest payable to the Federal Reserve Bank of New York (2) 0 Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3) 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 Apr 18, 2012 Wednesday Wednesday Assets, liabilities, and capital Apr 11, 2012 Apr 20, 2011 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 2,241 - 28 + 37 Securities, repurchase agreements, and loans 2,629,651 + 8,267 + 147,856 Securities held outright (1) 2,622,702 + 8,338 + 158,526 U.S. Treasury securities 1,672,141 - 8,952 + 269,647 Bills (2) 18,423 0 0 Notes and bonds, nominal (2) 1,577,378 - 7,332 + 256,577 Notes and bonds, inflation-indexed (2) 67,236 - 1,518 + 10,671 Inflation compensation (3) 9,104 - 102 + 2,398 Federal agency debt securities (2) 95,200 - 1,278 - 33,260 Mortgage-backed securities (4) 855,361 + 18,568 - 77,861 Repurchase agreements (5) 0 0 0 Loans 6,949 - 71 - 10,670 Net portfolio holdings of Maiden Lane LLC (6) 4,039 - 1,431 - 20,273 Net portfolio holdings of Maiden Lane II LLC (7) 19 0 - 15,853 Net portfolio holdings of Maiden Lane III LLC (8) 17,297 - 289 - 5,742 Net portfolio holdings of TALF LLC (9) 831 0 + 113 Items in process of collection (139) 277 + 111 + 63 Bank premises 2,354 + 1 + 139 Central bank liquidity swaps (10) 32,371 - 100 + 32,371 Other assets (11) 172,519 + 1,785 + 49,173 Total assets (139) 2,877,835 + 8,316 + 187,883 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 Apr 18, 2012 Wednesday Wednesday Assets, liabilities, and capital Apr 11, 2012 Apr 20, 2011 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,058,550 - 1,292 + 87,970 Reverse repurchase agreements (12) 91,368 + 2,479 + 35,304 Deposits (0) 1,653,275 + 7,769 + 64,098 Term deposits held by depository institutions 3,057 0 - 2,024 Other deposits held by depository institutions 1,515,300 - 53,500 + 49,980 U.S. Treasury, General Account 103,093 + 67,569 - 10,067 U.S. Treasury, Supplementary Financing Account 0 0 - 5,000 Foreign official 127 0 + 2 Other (0) 31,698 - 6,299 + 31,207 Deferred availability cash items (139) 1,145 + 39 - 394 Other liabilities and accrued dividends (13) 19,038 - 697 - 998 Total liabilities (139) 2,823,376 + 8,298 + 185,979 Capital accounts Capital paid in 27,229 + 9 + 951 Surplus 27,229 + 9 + 951 Other capital accounts 0 0 0 Total capital 54,459 + 18 + 1,904 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 6. Refer to table 4 and the note on consolidation accompanying table 9. 7. Refer to table 5 and the note on consolidation accompanying table 9. 8. Refer to table 6 and the note on consolidation accompanying table 9. 9. Refer to table 7 and the note on consolidation accompanying table 9. 10. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 11. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 13. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. 9. Statement of Condition of Each Federal Reserve Bank, April 18, 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 2,241 53 108 154 158 402 195 325 35 59 167 215 370 Securities, repurchase agreements, and loans 2,629,651 63,704 1,477,367 86,702 66,681 186,661 158,131 145,498 41,005 23,844 52,691 101,908 225,459 Securities held outright (1) 2,622,702 63,701 1,470,430 86,701 66,681 186,661 158,131 145,496 41,003 23,843 52,691 101,906 225,459 U.S. Treasury securities 1,672,141 40,613 937,493 55,277 42,513 119,009 100,819 92,763 26,142 15,201 33,594 64,971 143,745 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) 1,653,719 40,166 927,165 54,668 42,045 117,698 99,708 91,741 25,854 15,034 33,224 64,256 142,161 Federal agency debt securities (2) 95,200 2,312 53,374 3,147 2,420 6,776 5,740 5,281 1,488 865 1,913 3,699 8,184 Mortgage-backed securities (4) 855,361 20,775 479,562 28,276 21,747 60,877 51,572 47,452 13,373 7,776 17,185 33,235 73,531 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 6,949 3 6,937 1 0 0 0 2 2 1 0 3 0 Net portfolio holdings of Maiden Lane LLC (6) 4,039 0 4,039 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (7) 19 0 19 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (8) 17,297 0 17,297 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF LLC (9) 831 0 831 0 0 0 0 0 0 0 0 0 0 Items in process of collection 415 7 0 162 71 3 55 18 6 10 3 10 71 Bank premises 2,354 122 446 66 124 231 212 203 133 105 257 243 212 Central bank liquidity swaps (10) 32,371 1,135 10,442 2,808 2,393 6,696 1,851 864 265 132 322 519 4,945 Other assets (11) 172,519 4,497 90,249 7,089 5,633 15,893 10,355 8,821 2,546 1,494 3,226 6,183 16,534 Interdistrict settlement account 0 - 3,013 + 1,451 + 10,293 - 2,015 - 10,519 - 2,759 + 1,162 + 1,973 + 1,803 + 1,517 + 2,521 - 2,415 Total assets 2,877,974 67,108 1,607,891 107,921 73,798 200,668 170,032 158,154 46,424 27,729 58,651 112,604 246,993 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 9. Statement of Condition of Each Federal Reserve Bank, April 18, 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 1,240,671 47,078 434,622 48,203 60,542 102,577 145,044 95,351 34,101 22,589 37,734 78,250 134,580 Less: Notes held by F.R. Banks 182,121 4,561 64,615 5,780 7,981 11,637 27,075 12,366 4,378 4,270 4,114 11,397 23,946 Federal Reserve notes, net 1,058,550 42,517 370,007 42,423 52,561 90,940 117,969 82,984 29,723 18,319 33,620 66,853 110,634 Reverse repurchase agreements (12) 91,368 2,219 51,226 3,020 2,323 6,503 5,509 5,069 1,428 831 1,836 3,550 7,854 Deposits 1,653,275 19,426 1,154,758 57,553 14,263 91,457 42,680 68,017 14,605 7,969 22,402 40,905 119,240 Term deposits held by depository institutions 3,057 15 2,094 451 0 43 5 8 0 76 0 5 361 Other deposits held by depository institutions 1,515,300 19,407 1,018,019 57,090 14,259 91,213 42,673 67,976 14,604 7,892 22,401 40,899 118,867 U.S. Treasury, General Account 103,093 0 103,093 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, Supplementary Financing Account 0 0 0 0 0 0 0 0 0 0 0 0 0 Foreign official 127 1 100 3 3 8 2 1 0 0 0 1 6 Other 31,698 2 31,452 9 1 193 0 32 0 0 1 1 6 Deferred availability cash items 1,284 41 0 167 111 22 229 31 26 228 37 71 319 Interest on Federal Reserve notes due to U.S. Treasury (13) 1,431 32 742 41 33 132 108 81 26 17 31 60 129 Other liabilities and accrued dividends (14) 17,606 228 13,801 302 276 697 480 429 175 138 182 304 593 Total liabilities 2,823,515 64,463 1,590,534 103,506 69,567 189,752 166,975 156,612 45,983 27,503 58,107 111,743 238,770 Capital Capital paid in 27,229 1,323 8,679 2,207 2,115 5,458 1,528 771 221 113 272 431 4,112 Surplus 27,229 1,323 8,679 2,207 2,115 5,458 1,528 771 221 113 272 431 4,112 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 2,877,974 67,108 1,607,891 107,921 73,798 200,668 170,032 158,154 46,424 27,729 58,651 112,604 246,993 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 9. Statement of Condition of Each Federal Reserve Bank, April 18, 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 Apr 18, 2012 Federal Reserve notes outstanding 1,240,671 Less: Notes held by F.R. Banks not subject to collateralization 182,121 Federal Reserve notes to be collateralized 1,058,550 Collateral held against Federal Reserve notes 1,058,550 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,042,313 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,622,702 Less: Face value of securities under reverse repurchase agreements 79,689 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,543,013 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.