FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks May 31, 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 30, 2012 Federal Reserve Banks May 30, 2012 May 23, 2012 Jun 1, 2011 Reserve Bank credit 2,834,650 - 7,908 + 63,878 2,825,240 Securities held outright (1) 2,610,687 - 5,180 + 44,063 2,601,676 U.S. Treasury securities 1,663,777 + 3,951 + 134,102 1,656,675 Bills (2) 18,423 0 0 18,423 Notes and bonds, nominal (2) 1,568,086 + 3,812 + 126,103 1,560,943 Notes and bonds, inflation-indexed (2) 67,654 0 + 6,386 67,654 Inflation compensation (3) 9,615 + 140 + 1,614 9,655 Federal agency debt securities (2) 93,252 - 131 - 25,841 93,252 Mortgage-backed securities (4) 853,657 - 9,001 - 64,199 851,750 Repurchase agreements (5) 0 0 0 0 Loans 5,662 - 491 - 8,406 5,509 Primary credit 19 + 6 - 6 51 Secondary credit 0 0 - 3 0 Seasonal credit 31 + 4 + 5 30 Term Asset-Backed Securities Loan Facility (6) 5,612 - 500 - 8,402 5,428 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 3,872 + 17 - 20,617 3,878 Net portfolio holdings of Maiden Lane II LLC (8) 19 0 - 14,991 19 Net portfolio holdings of Maiden Lane III LLC (9) 15,167 + 43 - 9,214 15,257 Net portfolio holdings of TALF LLC (10) 841 + 3 + 95 841 Float -653 + 25 + 524 -1,092 Central bank liquidity swaps (11) 22,168 - 4,257 + 22,168 22,168 Other Federal Reserve assets (12) 176,887 + 1,933 + 50,256 176,983 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (13) 44,501 + 14 + 613 44,501 Total factors supplying reserve funds 2,895,392 - 7,894 + 64,491 2,885,982 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 30, 2012 Federal Reserve Banks May 30, 2012 May 23, 2012 Jun 1, 2011 Currency in circulation (13) 1,108,550 + 5,060 + 84,597 1,110,366 Reverse repurchase agreements (14) 90,320 - 3,338 + 31,903 93,526 Foreign official and international accounts 90,320 - 3,338 + 31,903 93,526 Others 0 0 0 0 Treasury cash holdings 142 + 8 0 147 Deposits with F.R. Banks, other than reserve balances 97,740 - 18,842 + 23,608 83,132 Term deposits held by depository institutions 3,053 0 + 3,053 3,053 U.S. Treasury, General Account 67,804 - 22,279 + 1,812 67,595 U.S. Treasury, Supplementary Financing Account 0 0 - 5,000 0 Foreign official 130 + 1 - 71 135 Service-related 1,903 0 - 641 1,903 Required clearing balances 1,903 0 - 641 1,903 Adjustments to compensate for float 0 0 0 0 Other 24,851 + 3,438 + 24,456 10,446 Other liabilities and capital (15) 75,525 - 557 + 1,140 74,612 Total factors, other than reserve balances, absorbing reserve funds 1,372,277 - 17,670 + 141,247 1,361,784 Reserve balances with Federal Reserve Banks 1,523,115 + 9,776 - 76,756 1,524,198 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 30, 2012 Memorandum item May 30, 2012 May 23, 2012 Jun 1, 2011 Marketable securities held in custody for foreign official and international accounts (1) 3,505,952 - 702 + 73,508 3,509,562 U.S. Treasury securities 2,785,114 - 8,969 + 96,461 2,788,521 Federal agency securities (2) 720,838 + 8,267 - 22,953 721,041 Securities lent to dealers 17,254 + 3,138 - 2,664 16,093 Overnight facility (3) 17,254 + 3,138 - 2,664 16,093 U.S. Treasury securities 16,721 + 3,216 - 2,148 15,486 Federal agency debt securities 533 - 78 - 516 607 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 30, 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) 109 1,107 2,490 1,804 0 ... 5,509 U.S. Treasury securities (2) Holdings 16,006 18,128 36,607 545,904 723,850 316,180 1,656,675 Weekly changes + 3,867 - 3,867 0 + 2,553 - 6,401 + 3,700 - 149 Federal agency debt securities (3) Holdings 0 6,042 16,320 62,056 6,487 2,347 93,252 Weekly changes 0 + 758 + 405 - 1,163 0 0 0 Mortgage-backed securities (4) Holdings 0 0 2 7 103 851,637 851,750 Weekly changes 0 0 0 - 1 - 6 - 13,230 - 13,235 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) 400 21,768 0 0 0 0 22,168 Reverse repurchase agreements (6) 93,526 0 ... ... ... ... 93,526 Term deposits 3,053 0 0 ... ... ... 3,053 Note: Components may not sum to totals because of rounding. . . . Not applicable. 1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation under generally accepted accounting principles. 2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the original face value of such securities. 3. Face value. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets. 6. Cash value of agreements. 7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 3. Supplemental Information on Mortgage-Backed Securities Millions of dollars Wednesday Account name May 30, 2012 Mortgage-backed securities held outright (1) 851,750 Commitments to buy mortgage-backed securities (2) 33,783 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 96 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 30, 2012 Net portfolio holdings of Maiden Lane LLC (1) 3,878 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 366 Accrued interest payable to the Federal Reserve Bank of New York (2) 765 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,415 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 30, 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 30, 2012 Net portfolio holdings of Maiden Lane III LLC (1) 15,257 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 2,768 Accrued interest payable to the Federal Reserve Bank of New York (2) 736 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,616 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of March 31, 2012. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9. Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG. 7. Information on Principal Accounts of TALF LLC Millions of dollars Wednesday Account name May 30, 2012 Asset-backed securities holdings (1) 0 Other investments, net 841 Net portfolio holdings of TALF LLC 841 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0 Accrued interest payable to the Federal Reserve Bank of New York (2) 0 Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3) 111 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9. Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF) under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New York (FRBNY) extends loans with a term of up to five years to holders of eligible asset-backed securities. The TALF is intended to assist financial markets in accommodating the credit needs of consumers and businesses by facilitating the issuance of asset-backed securities collateralized by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The loans are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial risk of a decline in the value of the security. TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF LLC, by the interest received on investments of TALF LLC, by up to $4.3 billion in subordinated debt funding provided by the U.S. Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S. Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the U.S. Treasury. 8. Consolidated Statement of Condition of All Federal Reserve Banks Millions of dollars Eliminations from Wednesday Change since consolidation May 30, 2012 Wednesday Wednesday Assets, liabilities, and capital May 23, 2012 Jun 1, 2011 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 2,142 - 38 + 36 Securities, repurchase agreements, and loans 2,607,186 - 13,710 + 24,278 Securities held outright (1) 2,601,676 - 13,386 + 32,491 U.S. Treasury securities 1,656,675 - 149 + 124,439 Bills (2) 18,423 0 0 Notes and bonds, nominal (2) 1,560,943 - 281 + 117,115 Notes and bonds, inflation-indexed (2) 67,654 0 + 5,724 Inflation compensation (3) 9,655 + 132 + 1,599 Federal agency debt securities (2) 93,252 0 - 25,841 Mortgage-backed securities (4) 851,750 - 13,235 - 66,106 Repurchase agreements (5) 0 0 0 Loans 5,509 - 325 - 8,214 Net portfolio holdings of Maiden Lane LLC (6) 3,878 + 7 - 20,653 Net portfolio holdings of Maiden Lane II LLC (7) 19 0 - 14,993 Net portfolio holdings of Maiden Lane III LLC (8) 15,257 + 105 - 9,129 Net portfolio holdings of TALF LLC (9) 841 0 + 95 Items in process of collection (123) 242 + 80 - 184 Bank premises 2,369 0 + 163 Central bank liquidity swaps (10) 22,168 - 4,257 + 22,168 Other assets (11) 174,601 + 949 + 50,344 Total assets (123) 2,844,940 - 16,864 + 52,125 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 30, 2012 Wednesday Wednesday Assets, liabilities, and capital May 23, 2012 Jun 1, 2011 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,068,150 + 4,383 + 83,949 Reverse repurchase agreements (12) 93,526 - 49 + 33,589 Deposits (0) 1,607,317 - 21,231 - 65,322 Term deposits held by depository institutions 3,053 0 + 3,053 Other deposits held by depository institutions 1,526,088 - 63 - 67,041 U.S. Treasury, General Account 67,595 - 12,771 - 6,378 U.S. Treasury, Supplementary Financing Account 0 0 - 5,000 Foreign official 135 + 6 + 2 Other (0) 10,446 - 8,403 + 10,041 Deferred availability cash items (123) 1,334 + 481 - 915 Other liabilities and accrued dividends (13) 19,955 - 458 - 1,146 Total liabilities (123) 2,790,283 - 16,873 + 50,156 Capital accounts Capital paid in 27,329 + 5 + 985 Surplus 27,329 + 5 + 985 Other capital accounts 0 0 0 Total capital 54,657 + 9 + 1,969 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 30, 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 2,142 46 100 151 149 385 196 311 32 55 160 202 355 Securities, repurchase agreements, and loans 2,607,186 63,193 1,464,069 86,006 66,146 185,165 156,883 144,332 40,677 23,673 52,269 101,098 223,676 Securities held outright (1) 2,601,676 63,190 1,458,641 86,006 66,146 185,165 156,863 144,330 40,675 23,652 52,269 101,089 223,652 U.S. Treasury securities 1,656,675 40,238 928,822 54,766 42,120 117,908 99,886 91,905 25,901 15,061 33,283 64,370 142,415 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) 1,638,252 39,790 918,493 54,157 41,652 116,597 98,775 90,883 25,613 14,893 32,913 63,655 140,831 Federal agency debt securities (2) 93,252 2,265 52,282 3,083 2,371 6,637 5,622 5,173 1,458 848 1,873 3,623 8,016 Mortgage-backed securities (4) 851,750 20,687 477,537 28,157 21,655 60,620 51,355 47,251 13,316 7,743 17,112 33,095 73,220 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 5,509 3 5,428 0 0 0 20 2 2 21 0 10 24 Net portfolio holdings of Maiden Lane LLC (6) 3,878 0 3,878 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (7) 19 0 19 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (8) 15,257 0 15,257 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF LLC (9) 841 0 841 0 0 0 0 0 0 0 0 0 0 Items in process of collection 365 4 0 102 83 5 80 18 7 7 4 7 47 Bank premises 2,369 121 465 67 124 229 213 203 132 105 256 242 212 Central bank liquidity swaps (10) 22,168 777 7,151 1,923 1,639 4,585 1,268 591 181 90 220 355 3,386 Other assets (11) 174,601 4,533 91,450 7,246 5,661 15,992 10,479 8,940 2,560 1,511 3,268 6,289 16,672 Interdistrict settlement account 0 + 9,325 - 4,348 - 16,714 - 845 + 6,408 + 2,347 - 281 + 744 + 1,007 - 265 + 1,041 + 1,581 Total assets 2,845,063 78,603 1,584,523 79,427 73,709 214,072 173,457 155,377 44,796 26,730 56,380 110,241 247,747 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 30, 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 1,245,566 46,894 432,811 47,825 61,288 101,674 151,841 94,759 36,289 22,419 37,227 77,722 134,817 Less: Notes held by F.R. Banks 177,416 4,775 64,722 5,197 7,281 11,493 25,629 12,119 4,166 3,826 3,608 11,199 23,400 Federal Reserve notes, net 1,068,150 42,119 368,089 42,628 54,007 90,180 126,212 82,640 32,123 18,594 33,618 66,522 111,417 Reverse repurchase agreements (12) 93,526 2,272 52,436 3,092 2,378 6,656 5,639 5,188 1,462 850 1,879 3,634 8,040 Deposits 1,607,317 31,255 1,130,981 28,756 12,712 105,487 37,787 65,427 10,444 6,604 20,092 38,765 119,006 Term deposits held by depository institutions 3,053 10 2,255 600 0 95 5 8 0 70 5 5 0 Other deposits held by depository institutions 1,526,088 31,243 1,050,754 28,147 12,708 105,247 37,779 65,393 10,444 6,534 20,085 38,759 118,994 U.S. Treasury, General Account 67,595 0 67,595 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 135 1 108 3 3 8 2 1 0 0 0 1 6 Other 10,446 1 10,269 5 0 137 1 25 0 0 1 1 6 Deferred availability cash items 1,457 55 0 174 59 33 185 32 135 301 42 100 342 Interest on Federal Reserve notes due to U.S. Treasury (13) 1,519 34 917 42 32 84 91 77 22 14 32 58 116 Other liabilities and accrued dividends (14) 18,436 224 14,683 298 281 712 471 407 166 141 173 294 588 Total liabilities 2,790,406 75,959 1,567,106 74,989 69,468 203,153 170,385 153,771 44,353 26,503 55,836 109,374 239,508 Capital Capital paid in 27,329 1,322 8,708 2,219 2,121 5,459 1,536 803 222 114 272 433 4,119 Surplus 27,329 1,322 8,708 2,219 2,121 5,459 1,536 803 222 114 272 433 4,119 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 2,845,063 78,603 1,584,523 79,427 73,709 214,072 173,457 155,377 44,796 26,730 56,380 110,241 247,747 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 30, 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 30, 2012 Federal Reserve notes outstanding 1,245,566 Less: Notes held by F.R. Banks not subject to collateralization 177,416 Federal Reserve notes to be collateralized 1,068,150 Collateral held against Federal Reserve notes 1,068,150 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,051,913 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,601,676 Less: Face value of securities under reverse repurchase agreements 81,425 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,520,251 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.