FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks February 23, 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 Feb 22, 2012 Federal Reserve Banks Feb 22, 2012 Feb 15, 2012 Feb 23, 2011 Reserve Bank credit 2,917,435 - 677 + 412,056 2,914,879 Securities held outright (1) 2,612,780 + 7,615 + 308,851 2,610,443 U.S. Treasury securities 1,660,174 + 191 + 458,774 1,656,581 Bills (2) 18,423 0 0 18,423 Notes and bonds, nominal (2) 1,563,864 - 618 + 441,138 1,560,286 Notes and bonds, inflation-indexed (2) 68,760 + 794 + 14,897 68,760 Inflation compensation (3) 9,127 + 15 + 2,738 9,112 Federal agency debt securities (2) 100,817 - 681 - 43,337 100,817 Mortgage-backed securities (4) 851,789 + 8,105 - 106,586 853,045 Repurchase agreements (5) 0 0 0 0 Loans 7,946 - 91 - 13,962 7,632 Primary credit 4 - 3 - 14 3 Secondary credit 0 0 0 0 Seasonal credit 0 0 - 3 0 Credit extended to American International Group, Inc., net (6) 0 0 0 0 Term Asset-Backed Securities Loan Facility (7) 7,943 - 87 - 13,944 7,629 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (8) 6,479 - 363 - 19,554 6,504 Net portfolio holdings of Maiden Lane II LLC (9) 6,714 + 2 - 9,330 6,715 Net portfolio holdings of Maiden Lane III LLC (10) 17,595 - 184 - 5,220 17,603 Net portfolio holdings of TALF LLC (11) 820 + 1 + 129 825 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (6) 0 0 0 0 Float -908 + 49 + 527 -1,433 Central bank liquidity swaps (12) 107,959 - 1,129 + 107,889 107,959 Other Federal Reserve assets (13) 158,050 - 6,578 + 42,725 158,631 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (14) 44,296 + 14 + 563 44,296 Total factors supplying reserve funds 2,977,971 - 663 + 412,618 2,975,415 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 Feb 22, 2012 Federal Reserve Banks Feb 22, 2012 Feb 15, 2012 Feb 23, 2011 Currency in circulation (14) 1,088,955 + 7,289 + 93,525 1,089,738 Reverse repurchase agreements (15) 88,893 + 69 + 31,032 89,824 Foreign official and international accounts 88,893 + 69 + 31,032 89,824 Others 0 0 0 0 Treasury cash holdings 157 + 8 - 24 160 Deposits with F.R. Banks, other than reserve balances 102,984 + 4,753 - 70,526 100,456 Term deposits held by depository institutions 0 0 - 5,070 0 U.S. Treasury, General Account 55,795 - 2,254 + 15,237 36,033 U.S. Treasury, Supplementary Financing Account 0 0 - 124,976 0 Foreign official 138 - 9 + 8 130 Service-related 1,971 0 - 355 1,971 Required clearing balances 1,971 0 - 355 1,971 Adjustments to compensate for float 0 0 0 0 Other 45,081 + 7,017 + 44,630 62,322 Funds from American International Group, Inc. asset dispositions, held as agent (6) 0 0 0 0 Other liabilities and capital (16) 75,239 - 265 + 2,737 74,394 Total factors, other than reserve balances, absorbing reserve funds 1,356,229 + 11,854 + 56,745 1,354,572 Reserve balances with Federal Reserve Banks 1,621,742 - 12,518 + 355,873 1,620,843 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. As a result of the closing of the American International Group, Inc. (AIG) recapitalization plan on January 14, 2011, the credit extended to AIG was fully repaid and the Federal Reserve's commitment to lend any further funds was terminated. In addition, the Federal Reserve Bank of New York (FRBNY) has been paid in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. The funds from AIG asset dispositions that FRBNY held as agent were the source of repayment of the credit extended to AIG, as well as a portion of the FRBNY's preferred interests in ALICO Holdings LLC. The remaining FRBNY preferred interests in ALICO Holdings LLC and AIA Aurora LLC, valued at approximately $20 billion, were purchased by AIG through a draw on the Treasury's Series F preferred stock commitment and then transferred by AIG to the Treasury as consideration for the draw on the available Series F funds. 7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 8. Refer to table 4 and the note on consolidation accompanying table 9. 9. Refer to table 5 and the note on consolidation accompanying table 9. 10. Refer to table 6 and the note on consolidation accompanying table 9. 11. Refer to table 7 and the note on consolidation accompanying table 9. 12. 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. 13. 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. Before the closing of the AIG recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. 14. Estimated. 15. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 16. 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 Feb 22, 2012 Memorandum item Feb 22, 2012 Feb 15, 2012 Feb 23, 2011 Marketable securities held in custody for foreign official and international accounts (1) 3,461,825 + 14,673 + 73,727 3,461,402 U.S. Treasury securities 2,727,792 + 11,637 + 100,393 2,723,469 Federal agency securities (2) 734,033 + 3,036 - 26,665 737,933 Securities lent to dealers 19,367 + 3,910 + 4,448 21,783 Overnight facility (3) 19,367 + 3,910 + 4,448 21,783 U.S. Treasury securities 18,381 + 3,936 + 4,656 20,801 Federal agency debt securities 986 - 27 - 208 982 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, February 22, 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) 3 235 4,468 2,927 0 ... 7,632 U.S. Treasury securities (2) Holdings 16,174 30,308 58,928 603,274 688,526 259,371 1,656,581 Weekly changes + 2,156 - 2,157 + 6,607 - 23,828 + 7,875 - 1,142 - 10,490 Federal agency debt securities (3) Holdings 1,014 6,551 18,639 61,284 10,982 2,347 100,817 Weekly changes + 333 - 100 - 914 + 1,500 - 1,500 0 - 681 Mortgage-backed securities (4) Holdings 0 0 1 12 83 852,949 853,045 Weekly changes 0 0 0 0 + 7 + 5,231 + 5,239 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) 59,318 48,641 0 0 0 0 107,959 Reverse repurchase agreements (6) 89,824 0 ... ... ... ... 89,824 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 Feb 22, 2012 Mortgage-backed securities held outright (1) 853,045 Commitments to buy mortgage-backed securities (2) 33,413 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 15 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 Feb 22, 2012 Net portfolio holdings of Maiden Lane LLC (1) 6,504 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 3,265 Accrued interest payable to the Federal Reserve Bank of New York (2) 760 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,396 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 Feb 22, 2012 Net portfolio holdings of Maiden Lane II LLC (1) 6,715 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 2,867 Accrued interest payable to the Federal Reserve Bank of New York (2) 579 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,111 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. 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 Feb 22, 2012 Net portfolio holdings of Maiden Lane III LLC (1) 17,603 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 8,613 Accrued interest payable to the Federal Reserve Bank of New York (2) 710 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,568 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 Feb 22, 2012 Asset-backed securities holdings (1) 0 Other investments, net 825 Net portfolio holdings of TALF LLC 825 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) 110 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 Feb 22, 2012 Wednesday Wednesday Assets, liabilities, and capital Feb 15, 2012 Feb 23, 2011 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 2,406 - 23 + 146 Securities, repurchase agreements, and loans 2,618,075 - 6,295 + 281,304 Securities held outright (1) 2,610,443 - 5,932 + 294,697 U.S. Treasury securities 1,656,581 - 10,490 + 443,156 Bills (2) 18,423 0 0 Notes and bonds, nominal (2) 1,560,286 - 10,443 + 425,543 Notes and bonds, inflation-indexed (2) 68,760 0 + 14,897 Inflation compensation (3) 9,112 - 47 + 2,715 Federal agency debt securities (2) 100,817 - 681 - 43,302 Mortgage-backed securities (4) 853,045 + 5,239 - 105,156 Repurchase agreements (5) 0 0 0 Loans 7,632 - 363 - 13,393 Net portfolio holdings of Maiden Lane LLC (6) 6,504 + 30 - 19,531 Net portfolio holdings of Maiden Lane II LLC (7) 6,715 + 1 - 9,331 Net portfolio holdings of Maiden Lane III LLC (8) 17,603 + 9 - 5,217 Net portfolio holdings of TALF LLC (9) 825 + 6 + 122 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (10) 0 0 0 Items in process of collection (140) 209 + 184 - 20 Bank premises 2,178 + 1 - 41 Central bank liquidity swaps (11) 107,959 - 1,129 + 107,889 Other assets (12) 156,439 + 2,123 + 42,653 Total assets (140) 2,935,149 - 5,095 + 397,974 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 Feb 22, 2012 Wednesday Wednesday Assets, liabilities, and capital Feb 15, 2012 Feb 23, 2011 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,048,004 + 3,745 + 91,992 Reverse repurchase agreements (13) 89,824 + 2,707 + 30,340 Deposits (0) 1,721,285 - 12,354 + 274,668 Term deposits held by depository institutions 0 0 - 5,070 Other deposits held by depository institutions 1,622,800 - 51,037 + 329,965 U.S. Treasury, General Account 36,033 - 14,033 + 12,910 U.S. Treasury, Supplementary Financing Account 0 0 - 124,976 Foreign official 130 - 139 + 1 Other (0) 62,322 + 52,855 + 61,837 Deferred availability cash items (140) 1,642 + 531 - 886 Other liabilities and accrued dividends (14) 19,800 + 231 + 301 Total liabilities (140) 2,880,556 - 5,140 + 396,415 Capital accounts Capital paid in 27,297 + 23 + 780 Surplus 27,297 + 23 + 780 Other capital accounts 0 0 0 Total capital 54,594 + 46 + 1,559 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. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank of New York has been paid in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. A portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were held as agent by the Federal Reserve. 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 Federal Reserve Bank of New York (FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. 13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 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 accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Before the closing of the AIG recapitalization plan on January 14, 2011, included funds from American International Group, Inc. asset dispositions, held as agent. 9. Statement of Condition of Each Federal Reserve Bank, February 22, 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 11,037 390 3,866 432 450 872 1,394 854 319 197 318 728 1,217 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574 Coin 2,406 58 114 163 179 422 207 344 34 62 179 245 398 Securities, repurchase agreements, and loans 2,618,075 64,182 1,221,597 89,423 70,513 301,480 194,067 155,025 49,408 40,119 69,440 103,243 259,579 Securities held outright (1) 2,610,443 64,182 1,213,968 89,423 70,513 301,480 194,067 155,022 49,408 40,119 69,439 103,243 259,578 U.S. Treasury securities 1,656,581 40,729 770,381 56,748 44,748 191,318 123,155 98,377 31,354 25,459 44,066 65,518 164,728 Bills (2) 18,423 453 8,567 631 498 2,128 1,370 1,094 349 283 490 729 1,832 Notes and bonds (3) 1,638,159 40,277 761,814 56,117 44,250 189,191 121,785 97,283 31,005 25,176 43,576 64,789 162,896 Federal agency debt securities (2) 100,817 2,479 46,884 3,454 2,723 11,643 7,495 5,987 1,908 1,549 2,682 3,987 10,025 Mortgage-backed securities (4) 853,045 20,973 396,702 29,222 23,043 98,518 63,418 50,658 16,146 13,110 22,691 33,738 84,825 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 7,632 0 7,629 0 0 0 0 2 0 0 1 0 0 Net portfolio holdings of Maiden Lane LLC (6) 6,504 0 6,504 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (7) 6,715 0 6,715 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (8) 17,603 0 17,603 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF LLC (9) 825 0 825 0 0 0 0 0 0 0 0 0 0 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (10) 0 0 0 0 0 0 0 0 0 0 0 0 0 Items in process of collection 349 18 0 97 62 5 68 19 8 10 6 15 41 Bank premises 2,178 124 259 67 125 232 213 205 134 105 258 244 212 Central bank liquidity swaps (11) 107,959 3,785 34,825 9,364 7,981 22,332 6,173 2,880 883 440 1,074 1,729 16,493 Other assets (12) 156,439 4,149 68,787 6,731 5,451 20,528 11,198 8,421 2,722 2,154 3,742 5,644 16,911 Interdistrict settlement account 0 - 1,834 + 291,605 - 16,484 - 8,247 - 142,677 - 39,541 - 2,316 - 4,914 - 15,620 - 16,630 - 1,982 - 41,361 Total assets 2,935,290 71,067 1,654,518 90,003 76,752 203,604 174,435 165,856 48,745 27,557 58,540 110,149 254,063 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, February 22, 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 1,224,276 44,181 438,662 46,231 60,102 100,061 143,997 88,015 33,609 21,191 34,188 79,391 134,648 Less: Notes held by F.R. Banks 176,272 4,795 58,928 6,176 8,187 11,433 25,586 11,777 3,700 4,829 3,937 11,467 25,457 Federal Reserve notes, net 1,048,004 39,386 379,733 40,055 51,915 88,628 118,411 76,238 29,909 16,362 30,250 67,924 109,191 Reverse repurchase agreements (13) 89,824 2,208 41,772 3,077 2,426 10,374 6,678 5,334 1,700 1,380 2,389 3,553 8,932 Deposits 1,721,285 26,723 1,200,409 41,688 17,904 92,448 45,294 82,261 16,420 9,205 25,061 37,306 126,567 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 1,622,800 26,721 1,102,120 41,674 17,900 92,316 45,291 82,229 16,420 9,204 25,060 37,305 126,560 U.S. Treasury, General Account 36,033 0 36,033 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 130 1 103 3 3 8 2 1 0 0 0 1 6 Other 62,322 1 62,153 11 1 123 0 30 0 1 1 0 1 Deferred availability cash items 1,782 84 0 189 211 31 391 43 56 203 54 128 392 Interest on Federal Reserve notes due to U.S. Treasury (14) 1,320 -197 708 44 36 165 130 102 35 26 47 71 154 Other liabilities and accrued dividends (15) 18,480 218 14,466 284 262 824 528 443 185 162 201 305 602 Total liabilities 2,880,696 68,423 1,637,088 85,337 72,755 192,469 171,431 164,421 48,306 27,338 58,004 109,286 245,839 Capital Capital paid in 27,297 1,322 8,715 2,333 1,998 5,568 1,502 718 220 109 268 432 4,112 Surplus 27,297 1,322 8,715 2,333 1,998 5,568 1,502 718 220 109 268 432 4,112 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 2,935,290 71,067 1,654,518 90,003 76,752 203,604 174,435 165,856 48,745 27,557 58,540 110,149 254,063 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, February 22, 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. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank of New York has been paid in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. A portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were held as agent by the Federal Reserve. 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 Federal Reserve Bank of New York (FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. 13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 14. 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. 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 below. Before the closing of the AIG recapitalization plan on January 14, 2011, included funds from American International Group, Inc. asset dispositions, held as agent. 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 Feb 22, 2012 Federal Reserve notes outstanding 1,224,276 Less: Notes held by F.R. Banks not subject to collateralization 176,272 Federal Reserve notes to be collateralized 1,048,004 Collateral held against Federal Reserve notes 1,048,004 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,031,767 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,610,443 Less: Face value of securities under reverse repurchase agreements 78,260 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,532,182 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.