For release at 4:30 P.M. EDT July 26, 2012 The weekly average values, shown in table 1, reflect the June 30, 2012, quarterly updates to the fair values of the net portfolio holdings of Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC, and the fair value adjustment of the Term Asset-Backed Securities Loan Facility, or TALF, which is included in "Other Federal Reserve assets." The amounts for the first six days of this reporting week are based on the values as of March 31, 2012, and the amounts for the last day of the reporting week are based on the values as of June 30, 2012. FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks July 26, 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 Jul 25, 2012 Federal Reserve Banks Jul 25, 2012 Jul 18, 2012 Jul 27, 2011 Reserve Bank credit 2,844,275 - 12,952 - 8,594 2,833,057 Securities held outright (1) 2,607,161 - 5,436 - 42,834 2,595,823 U.S. Treasury securities 1,650,748 - 3,647 + 15,787 1,651,432 Bills (2) 5,938 - 2,418 - 12,485 5,938 Notes and bonds, nominal (2) 1,565,823 - 1,098 + 24,087 1,566,515 Notes and bonds, inflation-indexed (2) 69,086 - 86 + 3,565 69,086 Inflation compensation (3) 9,901 - 45 + 619 9,894 Federal agency debt securities (2) 91,029 - 260 - 22,778 91,029 Mortgage-backed securities (4) 865,384 - 1,529 - 35,842 853,362 Repurchase agreements (5) 0 0 0 0 Loans 3,830 - 794 - 8,279 3,693 Primary credit 17 - 48 + 15 2 Secondary credit 0 0 0 0 Seasonal credit 110 + 16 + 23 121 Term Asset-Backed Securities Loan Facility (6) 3,704 - 761 - 8,316 3,570 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 2,035 - 331 - 18,719 2,081 Net portfolio holdings of Maiden Lane II LLC (8) 24 + 6 - 11,261 61 Net portfolio holdings of Maiden Lane III LLC (9) 6,305 - 5,460 - 16,918 7,155 Net portfolio holdings of TALF LLC (10) 848 + 3 + 81 848 Float -598 + 51 + 423 -651 Central bank liquidity swaps (11) 27,232 - 3,320 + 27,232 27,232 Other Federal Reserve assets (12) 197,437 + 2,329 + 61,679 196,814 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (13) 44,595 + 14 + 608 44,595 Total factors supplying reserve funds 2,905,111 - 12,938 - 7,986 2,893,893 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 Jul 25, 2012 Federal Reserve Banks Jul 25, 2012 Jul 18, 2012 Jul 27, 2011 Currency in circulation (13) 1,110,964 - 2,144 + 82,481 1,112,081 Reverse repurchase agreements (14) 84,906 - 6,009 + 19,526 87,501 Foreign official and international accounts 84,906 - 6,009 + 19,526 87,501 Others 0 0 0 0 Treasury cash holdings 118 + 2 - 13 121 Deposits with F.R. Banks, other than reserve balances 84,698 - 14,099 - 9,290 54,277 Term deposits held by depository institutions 3,040 + 3,040 + 3,040 3,040 U.S. Treasury, General Account 45,537 - 17,484 - 31,482 38,258 U.S. Treasury, Supplementary Financing Account 0 0 - 5,000 0 Foreign official 2,564 - 4 + 2,422 2,565 Service-related 0 0 - 2,529 0 Required clearing balances 0 0 - 2,529 0 Adjustments to compensate for float 0 0 0 0 Other 33,557 + 350 + 24,259 10,414 Other liabilities and capital (15) 69,522 - 5,681 - 2,792 68,643 Total factors, other than reserve balances, absorbing reserve funds 1,350,208 - 27,932 + 89,912 1,322,624 Reserve balances with Federal Reserve Banks 1,554,902 + 14,993 - 97,898 1,571,269 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 Jul 25, 2012 Memorandum item Jul 25, 2012 Jul 18, 2012 Jul 27, 2011 Marketable securities held in custody for foreign official and international accounts (1) 3,518,702 + 3,334 + 65,593 3,524,086 U.S. Treasury securities 2,826,943 + 5,026 + 106,640 2,830,901 Federal agency securities (2) 691,760 - 1,691 - 41,045 693,186 Securities lent to dealers 8,685 - 2,773 - 7,637 9,434 Overnight facility (3) 8,685 - 2,773 - 7,637 9,434 U.S. Treasury securities 7,876 - 2,844 - 7,904 8,614 Federal agency debt securities 809 + 71 + 267 820 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, July 25, 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) 97 798 1,293 1,506 0 ... 3,693 U.S. Treasury securities (2) Holdings 7,577 12,588 12,604 504,475 767,379 346,808 1,651,432 Weekly changes - 2,418 0 0 - 7,933 + 9,487 + 3,601 + 2,738 Federal agency debt securities (3) Holdings 0 8,283 16,225 58,424 5,750 2,347 91,029 Weekly changes 0 0 0 0 0 0 0 Mortgage-backed securities (4) Holdings 0 0 2 5 194 853,161 853,362 Weekly changes 0 0 0 - 1 + 35 - 9,688 - 9,653 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) 4,227 23,005 0 0 0 0 27,232 Reverse repurchase agreements (6) 87,501 0 ... ... ... ... 87,501 Term deposits 0 3,040 0 ... ... ... 3,040 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 Jul 25, 2012 Mortgage-backed securities held outright (1) 853,362 Commitments to buy mortgage-backed securities (2) 31,413 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 Jul 25, 2012 Net portfolio holdings of Maiden Lane LLC (1) 2,081 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) 705 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 June 30, 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 Jul 25, 2012 Net portfolio holdings of Maiden Lane II LLC (1) 61 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 June 30, 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 Jul 25, 2012 Net portfolio holdings of Maiden Lane III LLC (1) 7,155 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) 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 June 30, 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 Jul 25, 2012 Asset-backed securities holdings (1) 0 Other investments, net 848 Net portfolio holdings of TALF LLC 848 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 $1.4 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 Jul 25, 2012 Wednesday Wednesday Assets, liabilities, and capital Jul 18, 2012 Jul 27, 2011 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 2,110 + 7 - 88 Securities, repurchase agreements, and loans 2,599,516 - 7,790 - 60,332 Securities held outright (1) 2,595,823 - 6,915 - 52,058 U.S. Treasury securities 1,651,432 + 2,738 + 13,271 Bills (2) 5,938 - 2,418 - 12,485 Notes and bonds, nominal (2) 1,566,515 + 5,177 + 21,609 Notes and bonds, inflation-indexed (2) 69,086 0 + 3,565 Inflation compensation (3) 9,894 - 20 + 583 Federal agency debt securities (2) 91,029 0 - 21,406 Mortgage-backed securities (4) 853,362 - 9,653 - 43,923 Repurchase agreements (5) 0 0 0 Loans 3,693 - 875 - 8,275 Net portfolio holdings of Maiden Lane LLC (6) 2,081 + 53 - 18,734 Net portfolio holdings of Maiden Lane II LLC (7) 61 + 43 - 10,164 Net portfolio holdings of Maiden Lane III LLC (8) 7,155 + 991 - 14,302 Net portfolio holdings of TALF LLC (9) 848 + 3 + 81 Items in process of collection (49) 147 - 2 - 11 Bank premises 2,360 + 1 + 158 Central bank liquidity swaps (10) 27,232 - 3,320 + 27,232 Other assets (11) 191,052 + 938 + 57,543 Total assets (49) 2,848,800 - 9,074 - 18,616 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 Jul 25, 2012 Wednesday Wednesday Assets, liabilities, and capital Jul 18, 2012 Jul 27, 2011 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,069,713 - 505 + 80,694 Reverse repurchase agreements (12) 87,501 - 493 + 20,497 Deposits (0) 1,622,144 - 8,439 - 119,216 Term deposits held by depository institutions 3,040 + 3,040 + 3,040 Other deposits held by depository institutions 1,567,867 + 30,580 - 90,452 U.S. Treasury, General Account 38,258 - 20,412 - 28,499 U.S. Treasury, Supplementary Financing Account 0 0 - 5,000 Foreign official 2,565 - 11 + 2,440 Other (0) 10,414 - 21,636 - 744 Deferred availability cash items (49) 798 - 130 - 615 Other liabilities and accrued dividends (13) 13,965 + 491 - 2,982 Total liabilities (49) 2,794,121 - 9,077 - 21,622 Capital accounts Capital paid in 27,339 + 1 + 1,503 Surplus 27,339 + 1 + 1,503 Other capital accounts 0 0 0 Total capital 54,678 + 2 + 3,006 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, July 25, 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 2,110 39 84 143 147 380 202 312 33 52 163 202 351 Securities, repurchase agreements, and loans 2,599,516 63,049 1,458,930 85,812 65,997 184,748 156,516 144,017 40,616 23,651 52,161 100,870 223,149 Securities held outright (1) 2,595,823 63,048 1,455,360 85,812 65,997 184,748 156,510 144,005 40,583 23,598 52,151 100,861 223,149 U.S. Treasury securities 1,651,432 40,110 925,883 54,593 41,987 117,535 99,570 91,614 25,819 15,013 33,178 64,167 141,964 Bills (2) 5,938 144 3,329 196 151 423 358 329 93 54 119 231 510 Notes and bonds (3) 1,645,494 39,966 922,553 54,396 41,836 117,112 99,212 91,285 25,726 14,959 33,059 63,936 141,454 Federal agency debt securities (2) 91,029 2,211 51,036 3,009 2,314 6,479 5,488 5,050 1,423 828 1,829 3,537 7,825 Mortgage-backed securities (4) 853,362 20,727 478,441 28,210 21,696 60,735 51,452 47,341 13,342 7,758 17,144 33,158 73,359 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 3,693 1 3,570 0 0 0 6 12 33 53 10 9 0 Net portfolio holdings of Maiden Lane LLC (6) 2,081 0 2,081 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (7) 61 0 61 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (8) 7,155 0 7,155 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF LLC (9) 848 0 848 0 0 0 0 0 0 0 0 0 0 Items in process of collection 196 2 0 64 25 3 35 10 6 6 3 7 35 Bank premises 2,360 122 459 67 123 230 212 203 132 104 255 242 211 Central bank liquidity swaps (10) 27,232 955 8,784 2,362 2,013 5,633 1,557 727 223 111 271 436 4,160 Other assets (11) 191,052 4,939 100,754 7,669 6,077 17,140 11,475 9,865 2,841 1,666 3,605 6,938 18,082 Interdistrict settlement account 0 + 8,704 - 4,828 - 18,589 - 1,279 - 14,011 + 17,749 + 2,235 + 2,251 + 1,330 - 618 + 97 + 6,958 Total assets 2,848,848 78,413 1,579,970 78,174 73,856 195,426 189,738 158,633 46,564 27,203 56,308 109,800 254,763 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, July 25, 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 1,271,814 46,186 442,029 47,126 61,708 102,243 170,288 93,927 37,600 22,572 36,749 77,055 134,330 Less: Notes held by F.R. Banks 202,101 5,032 77,706 5,397 8,546 12,776 28,330 13,003 4,311 3,423 3,677 14,761 25,139 Federal Reserve notes, net 1,069,713 41,155 364,324 41,729 53,162 89,467 141,958 80,924 33,289 19,149 33,072 62,294 109,190 Reverse repurchase agreements (12) 87,501 2,125 49,058 2,893 2,225 6,228 5,276 4,854 1,368 795 1,758 3,400 7,522 Deposits 1,622,144 32,215 1,139,062 28,851 13,923 88,105 38,789 70,764 11,207 6,724 20,712 42,813 128,978 Term deposits held by depository institutions 3,040 5 1,904 623 0 115 8 5 0 50 325 5 0 Other deposits held by depository institutions 1,567,867 32,198 1,086,054 28,223 13,920 87,923 38,774 70,733 11,207 6,674 20,386 42,805 128,970 U.S. Treasury, General Account 38,258 0 38,258 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 2,565 1 2,538 3 3 8 2 1 0 0 0 1 6 Other 10,414 11 10,308 1 0 59 4 25 0 0 1 3 1 Deferred availability cash items 847 30 0 87 42 17 105 21 66 150 26 68 235 Interest on Federal Reserve notes due to U.S. Treasury (13) 2,117 33 1,524 42 32 86 85 80 22 19 28 55 111 Other liabilities and accrued dividends (14) 11,848 195 8,549 246 230 587 424 384 166 136 165 279 487 Total liabilities 2,794,170 75,753 1,562,517 73,847 69,614 184,490 186,637 157,027 46,118 26,974 55,761 108,909 246,523 Capital Capital paid in 27,339 1,330 8,727 2,164 2,121 5,468 1,551 803 223 114 274 445 4,120 Surplus 27,339 1,330 8,727 2,164 2,121 5,468 1,551 803 223 114 274 445 4,120 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 2,848,848 78,413 1,579,970 78,174 73,856 195,426 189,738 158,633 46,564 27,203 56,308 109,800 254,763 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, July 25, 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 Jul 25, 2012 Federal Reserve notes outstanding 1,271,814 Less: Notes held by F.R. Banks not subject to collateralization 202,101 Federal Reserve notes to be collateralized 1,069,713 Collateral held against Federal Reserve notes 1,069,713 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,053,476 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,595,823 Less: Face value of securities under reverse repurchase agreements 74,060 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,521,763 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.