FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks June 28, 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 Jun 27, 2012 Federal Reserve Banks Jun 27, 2012 Jun 20, 2012 Jun 29, 2011 Reserve Bank credit 2,854,264 + 4,588 + 11,108 2,846,331 Securities held outright (1) 2,620,927 - 245 - 15,638 2,612,993 U.S. Treasury securities 1,666,768 + 1,077 + 59,768 1,666,530 Bills (2) 18,423 0 0 18,423 Notes and bonds, nominal (2) 1,570,616 + 152 + 56,277 1,570,357 Notes and bonds, inflation-indexed (2) 67,915 + 769 + 2,619 67,915 Inflation compensation (3) 9,815 + 157 + 872 9,835 Federal agency debt securities (2) 91,484 - 702 - 26,100 91,484 Mortgage-backed securities (4) 862,674 - 621 - 49,306 854,979 Repurchase agreements (5) 0 0 0 0 Loans 4,898 - 443 - 8,077 4,858 Primary credit 27 + 1 + 9 18 Secondary credit 0 0 0 0 Seasonal credit 69 + 5 + 18 66 Term Asset-Backed Securities Loan Facility (6) 4,802 - 449 - 8,104 4,773 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 2,475 - 235 - 21,344 2,423 Net portfolio holdings of Maiden Lane II LLC (8) 18 - 1 - 12,496 18 Net portfolio holdings of Maiden Lane III LLC (9) 12,303 + 290 - 11,936 12,590 Net portfolio holdings of TALF LLC (10) 845 + 4 + 88 845 Float -652 + 72 + 387 -790 Central bank liquidity swaps (11) 27,059 + 2,844 + 27,059 27,059 Other Federal Reserve assets (12) 186,392 + 2,302 + 53,065 186,334 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (13) 44,557 + 14 + 612 44,557 Total factors supplying reserve funds 2,915,062 + 4,602 + 11,719 2,907,129 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 Jun 27, 2012 Federal Reserve Banks Jun 27, 2012 Jun 20, 2012 Jun 29, 2011 Currency in circulation (13) 1,108,160 - 24 + 84,205 1,110,227 Reverse repurchase agreements (14) 84,091 + 249 + 18,764 83,737 Foreign official and international accounts 84,091 + 249 + 18,764 83,737 Others 0 0 0 0 Treasury cash holdings 120 - 14 - 10 117 Deposits with F.R. Banks, other than reserve balances 186,328 + 41,070 + 64,370 148,923 Term deposits held by depository institutions 0 0 - 5,087 0 U.S. Treasury, General Account 129,149 + 14,403 + 21,166 117,923 U.S. Treasury, Supplementary Financing Account 0 0 - 5,000 0 Foreign official 1,655 + 81 + 1,466 1,578 Service-related 1,896 - 1 - 638 1,896 Required clearing balances 1,896 - 1 - 638 1,896 Adjustments to compensate for float 0 0 0 0 Other 53,628 + 26,586 + 52,462 27,526 Other liabilities and capital (15) 75,171 - 1,321 + 594 74,074 Total factors, other than reserve balances, absorbing reserve funds 1,453,870 + 39,959 + 167,922 1,417,077 Reserve balances with Federal Reserve Banks 1,461,191 - 35,358 - 156,204 1,490,052 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 Jun 27, 2012 Memorandum item Jun 27, 2012 Jun 20, 2012 Jun 29, 2011 Marketable securities held in custody for foreign official and international accounts (1) 3,509,604 + 1,428 + 64,602 3,505,377 U.S. Treasury securities 2,811,912 + 11,972 + 105,224 2,806,883 Federal agency securities (2) 697,692 - 10,544 - 40,621 698,493 Securities lent to dealers 13,575 + 2,328 - 15,952 11,664 Overnight facility (3) 13,575 + 2,328 - 15,952 11,664 U.S. Treasury securities 12,878 + 2,296 - 15,961 10,962 Federal agency debt securities 697 + 32 + 9 702 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, June 27, 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) 75 1,565 1,554 1,664 0 ... 4,858 U.S. Treasury securities (2) Holdings 17,015 16,014 21,354 524,628 754,623 332,895 1,666,530 Weekly changes + 3,867 - 3,867 0 - 8,360 + 9,450 + 1,863 + 2,953 Federal agency debt securities (3) Holdings 0 6,907 13,919 62,561 5,750 2,347 91,484 Weekly changes 0 + 2,521 - 2,521 0 0 0 0 Mortgage-backed securities (4) Holdings 0 0 2 6 118 854,853 854,979 Weekly changes 0 0 0 - 1 - 2 - 13,057 - 13,059 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) 1,650 25,409 0 0 0 0 27,059 Reverse repurchase agreements (6) 83,737 0 ... ... ... ... 83,737 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 Jun 27, 2012 Mortgage-backed securities held outright (1) 854,979 Commitments to buy mortgage-backed securities (2) 31,002 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 92 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 Jun 27, 2012 Net portfolio holdings of Maiden Lane LLC (1) 2,423 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0 Accrued interest payable to the Federal Reserve Bank of New York (2) 0 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,100 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 Jun 27, 2012 Net portfolio holdings of Maiden Lane II LLC (1) 18 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 Jun 27, 2012 Net portfolio holdings of Maiden Lane III LLC (1) 12,590 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0 Accrued interest payable to the Federal Reserve Bank of New York (2) 0 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,553 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 Jun 27, 2012 Asset-backed securities holdings (1) 0 Other investments, net 845 Net portfolio holdings of TALF LLC 845 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 Jun 27, 2012 Wednesday Wednesday Assets, liabilities, and capital Jun 20, 2012 Jun 29, 2011 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 2,135 - 1 + 21 Securities, repurchase agreements, and loans 2,617,851 - 10,671 - 37,611 Securities held outright (1) 2,612,993 - 10,106 - 29,624 U.S. Treasury securities 1,666,530 + 2,953 + 49,470 Bills (2) 18,423 0 0 Notes and bonds, nominal (2) 1,570,357 + 2,898 + 45,999 Notes and bonds, inflation-indexed (2) 67,915 0 + 2,619 Inflation compensation (3) 9,835 + 55 + 851 Federal agency debt securities (2) 91,484 0 - 25,220 Mortgage-backed securities (4) 854,979 - 13,059 - 53,874 Repurchase agreements (5) 0 0 0 Loans 4,858 - 565 - 7,987 Net portfolio holdings of Maiden Lane LLC (6) 2,423 - 60 - 21,426 Net portfolio holdings of Maiden Lane II LLC (7) 18 0 - 12,520 Net portfolio holdings of Maiden Lane III LLC (8) 12,590 + 335 - 11,654 Net portfolio holdings of TALF LLC (9) 845 + 4 + 88 Items in process of collection (59) 166 - 53 - 72 Bank premises 2,364 + 1 + 154 Central bank liquidity swaps (10) 27,059 + 2,844 + 27,059 Other assets (11) 184,010 + 259 + 52,492 Total assets (59) 2,865,698 - 7,341 - 3,469 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 Jun 27, 2012 Wednesday Wednesday Assets, liabilities, and capital Jun 20, 2012 Jun 29, 2011 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,067,917 + 1,159 + 82,129 Reverse repurchase agreements (12) 83,737 - 371 + 17,130 Deposits (0) 1,639,014 - 6,619 - 102,686 Term deposits held by depository institutions 0 0 - 5,087 Other deposits held by depository institutions 1,491,988 + 30,268 - 130,407 U.S. Treasury, General Account 117,923 - 21,957 + 12,341 U.S. Treasury, Supplementary Financing Account 0 0 - 5,000 Foreign official 1,578 + 3 + 1,452 Other (0) 27,526 - 14,933 + 24,015 Deferred availability cash items (59) 956 + 75 - 522 Other liabilities and accrued dividends (13) 19,405 - 1,585 - 1,214 Total liabilities (59) 2,811,029 - 7,341 - 5,164 Capital accounts Capital paid in 27,334 0 + 847 Surplus 27,334 0 + 847 Other capital accounts 0 0 0 Total capital 54,669 0 + 1,695 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, June 27, 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 2,135 40 91 150 148 383 199 314 36 53 162 204 356 Securities, repurchase agreements, and loans 2,617,851 63,468 1,469,762 86,380 66,434 185,970 157,548 144,961 40,862 23,794 52,501 101,540 224,630 Securities held outright (1) 2,612,993 63,465 1,464,986 86,380 66,434 185,970 157,545 144,958 40,852 23,754 52,496 101,528 224,625 U.S. Treasury securities 1,666,530 40,477 934,347 55,092 42,370 118,609 100,480 92,452 26,055 15,150 33,481 64,753 143,262 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) 1,648,107 40,029 924,019 54,483 41,902 117,298 99,369 91,430 25,767 14,983 33,111 64,038 141,679 Federal agency debt securities (2) 91,484 2,222 51,291 3,024 2,326 6,511 5,516 5,075 1,430 832 1,838 3,555 7,864 Mortgage-backed securities (4) 854,979 20,766 479,348 28,264 21,737 60,850 51,549 47,431 13,367 7,773 17,177 33,220 73,498 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 4,858 4 4,775 0 0 0 3 4 10 40 5 12 6 Net portfolio holdings of Maiden Lane LLC (6) 2,423 0 2,423 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (7) 18 0 18 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (8) 12,590 0 12,590 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF LLC (9) 845 0 845 0 0 0 0 0 0 0 0 0 0 Items in process of collection 224 3 0 57 34 3 43 12 6 8 4 8 48 Bank premises 2,364 121 461 67 124 229 213 203 132 105 256 243 211 Central bank liquidity swaps (10) 27,059 949 8,729 2,347 2,000 5,597 1,547 722 221 110 269 433 4,134 Other assets (11) 184,010 4,767 96,807 7,440 5,902 16,645 11,051 9,473 2,721 1,599 3,460 6,660 17,486 Interdistrict settlement account 0 + 950 + 8,034 - 18,744 - 2,575 - 5,303 + 9,040 + 573 + 1,848 + 563 - 2,620 - 659 + 8,892 Total assets 2,865,757 70,901 1,605,401 78,344 72,819 204,828 181,632 157,520 46,289 26,515 54,500 109,435 257,573 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, June 27, 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 1,258,078 46,497 436,877 47,492 61,457 101,585 160,695 94,359 37,757 22,362 36,959 77,286 134,752 Less: Notes held by F.R. Banks 190,161 5,016 71,849 5,666 7,778 12,397 27,459 12,852 4,291 3,401 3,505 11,129 24,819 Federal Reserve notes, net 1,067,917 41,481 365,029 41,826 53,678 89,189 133,236 81,507 33,466 18,961 33,454 66,157 109,934 Reverse repurchase agreements (12) 83,737 2,034 46,948 2,768 2,129 5,960 5,049 4,645 1,309 761 1,682 3,254 7,198 Deposits 1,639,014 24,459 1,160,791 29,001 12,415 97,942 39,592 69,261 10,798 6,139 18,588 38,728 131,301 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 1,491,988 24,438 1,013,946 28,992 12,412 97,837 39,586 69,235 10,797 6,139 18,586 38,726 131,294 U.S. Treasury, General Account 117,923 0 117,923 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 1,578 1 1,550 3 3 8 2 1 0 0 0 1 6 Other 27,526 19 27,372 6 0 97 4 25 0 0 1 1 1 Deferred availability cash items 1,014 30 0 96 54 20 113 23 83 277 29 63 227 Interest on Federal Reserve notes due to U.S. Treasury (13) 1,238 23 839 19 13 31 68 67 19 11 27 51 70 Other liabilities and accrued dividends (14) 18,167 230 14,341 306 289 737 472 413 168 138 175 295 604 Total liabilities 2,811,088 68,257 1,587,947 74,016 68,577 193,878 178,530 155,915 45,843 26,288 53,955 108,547 249,333 Capital Capital paid in 27,334 1,322 8,727 2,164 2,121 5,475 1,551 802 223 114 272 444 4,120 Surplus 27,334 1,322 8,727 2,164 2,121 5,475 1,551 802 223 114 272 444 4,120 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 2,865,757 70,901 1,605,401 78,344 72,819 204,828 181,632 157,520 46,289 26,515 54,500 109,435 257,573 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, June 27, 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 Jun 27, 2012 Federal Reserve notes outstanding 1,258,078 Less: Notes held by F.R. Banks not subject to collateralization 190,161 Federal Reserve notes to be collateralized 1,067,917 Collateral held against Federal Reserve notes 1,067,917 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,051,680 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,612,993 Less: Face value of securities under reverse repurchase agreements 71,782 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,541,211 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.