FRB: H.4.1 Release--Factors Affecting Reserve Balances--July 12, 2012

FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
July 12, 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 11, 2012
Federal Reserve Banks Jul 11, 2012 Jul 4, 2012 Jul 13, 2011

Reserve Bank credit 2,849,061 + 3,623 - 10,048 2,849,108
Securities held outright (1) 2,610,477 + 328 - 41,753 2,609,175
U.S. Treasury securities 1,663,949 + 297 + 35,643 1,662,637
Bills (2) 14,641 - 3,782 - 3,782 14,641
Notes and bonds, nominal (2) 1,571,349 + 3,887 + 36,110 1,568,781
Notes and bonds, inflation-indexed (2) 68,104 + 189 + 2,583 69,237
Inflation compensation (3) 9,855 + 3 + 731 9,978
Federal agency debt securities (2) 91,484 0 - 23,586 91,484
Mortgage-backed securities (4) 855,044 + 31 - 53,809 855,054
Repurchase agreements (5) 0 0 0 0
Loans 4,592 - 50 - 7,926 4,590
Primary credit 8 - 8 0 10
Secondary credit 0 0 0 0
Seasonal credit 80 + 10 + 14 81
Term Asset-Backed Securities Loan Facility (6) 4,504 - 52 - 7,940 4,499
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (7) 2,418 + 1 - 21,459 2,423
Net portfolio holdings of Maiden Lane II LLC (8) 18 0 - 11,433 18
Net portfolio holdings of Maiden Lane III LLC (9) 12,952 + 63 - 11,369 12,987
Net portfolio holdings of TALF LLC (10) 845 0 + 88 845
Float -749 + 118 + 431 -831
Central bank liquidity swaps (11) 29,708 + 1,739 + 29,708 29,708
Other Federal Reserve assets (12) 188,799 + 1,424 + 53,664 190,192
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (13) 44,585 + 14 + 614 44,585

Total factors supplying reserve funds 2,909,887 + 3,637 - 9,434 2,909,934

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 11, 2012
Federal Reserve Banks Jul 11, 2012 Jul 4, 2012 Jul 13, 2011

Currency in circulation (13) 1,117,169 + 3,193 + 86,975 1,116,108
Reverse repurchase agreements (14) 89,927 + 3,597 + 23,383 89,689
Foreign official and international accounts 89,927 + 3,597 + 23,383 89,689
Others 0 0 0 0
Treasury cash holdings 117 0 - 23 116
Deposits with F.R. Banks, other than reserve balances 113,648 - 16,945 + 43,387 104,570
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 86,400 - 14,429 + 36,061 75,287
U.S. Treasury, Supplementary Financing Account 0 0 - 5,000 0
Foreign official 1,992 + 408 + 1,839 2,566
Service-related 1,892 - 1 - 641 1,892
Required clearing balances 1,892 - 1 - 641 1,892
Adjustments to compensate for float 0 0 0 0
Other 23,363 - 2,924 + 11,127 24,825
Other liabilities and capital (15) 75,014 - 75 + 2,038 73,778

Total factors, other than reserve balances,
absorbing reserve funds 1,395,875 - 10,230 + 155,761 1,384,260

Reserve balances with Federal Reserve Banks 1,514,011 + 13,866 - 165,196 1,525,674

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 11, 2012
Memorandum item Jul 11, 2012 Jul 4, 2012 Jul 13, 2011

Marketable securities held in custody for foreign
official and international accounts (1) 3,513,683 + 1,054 + 62,913 3,508,878
U.S. Treasury securities 2,816,284 + 1,698 + 101,456 2,810,841
Federal agency securities (2) 697,399 - 644 - 38,544 698,037
Securities lent to dealers 12,977 - 1,300 - 2,453 12,204
Overnight facility (3) 12,977 - 1,300 - 2,453 12,204
U.S. Treasury securities 12,257 - 1,348 - 2,383 11,556
Federal agency debt securities 719 + 47 - 71 648

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 11, 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) 94 1,540 1,392 1,564 0 ... 4,590
U.S. Treasury securities (2)
Holdings 14,835 14,227 12,603 527,069 754,329 339,573 1,662,637
Weekly changes + 4,574 - 8,357 - 7,927 - 3 + 5,092 + 2,881 - 3,738
Federal agency debt securities (3)
Holdings 455 7,624 14,225 61,083 5,750 2,347 91,484
Weekly changes 0 0 0 0 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 2 6 121 854,925 855,054
Weekly changes 0 0 0 0 0 + 24 + 24
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) 9,498 20,210 0 0 0 0 29,708

Reverse repurchase agreements (6) 89,689 0 ... ... ... ... 89,689
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 Jul 11, 2012

Mortgage-backed securities held outright (1) 855,054

Commitments to buy mortgage-backed securities (2) 41,727
Commitments to sell mortgage-backed securities (2) 0

Cash and cash equivalents (3) 36

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 11, 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) 1,102

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 Jul 11, 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 Jul 11, 2012

Net portfolio holdings of Maiden Lane III LLC (1) 12,987

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 11, 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 $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 11, 2012 Wednesday Wednesday
Assets, liabilities, and capital Jul 4, 2012 Jul 13, 2011

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 2,097 - 8 - 20
Securities, repurchase agreements, and loans 2,613,766 - 3,705 - 53,081
Securities held outright (1) 2,609,175 - 3,714 - 45,162
U.S. Treasury securities 1,662,637 - 3,738 + 32,223
Bills (2) 14,641 - 3,782 - 3,782
Notes and bonds, nominal (2) 1,568,781 - 1,409 + 31,464
Notes and bonds, inflation-indexed (2) 69,237 + 1,322 + 3,716
Inflation compensation (3) 9,978 + 131 + 825
Federal agency debt securities (2) 91,484 0 - 23,586
Mortgage-backed securities (4) 855,054 + 24 - 53,799
Repurchase agreements (5) 0 0 0
Loans 4,590 + 8 - 7,920
Net portfolio holdings of Maiden Lane LLC (6) 2,423 + 6 - 21,489
Net portfolio holdings of Maiden Lane II LLC (7) 18 0 - 11,435
Net portfolio holdings of Maiden Lane III LLC (8) 12,987 + 41 - 11,371
Net portfolio holdings of TALF LLC (9) 845 0 + 88
Items in process of collection (52) 124 - 144 - 140
Bank premises 2,358 + 1 + 159
Central bank liquidity swaps (10) 29,708 + 1,739 + 29,708
Other assets (11) 187,823 + 2,471 + 53,963

Total assets (52) 2,868,387 + 402 - 13,617

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 11, 2012 Wednesday Wednesday
Assets, liabilities, and capital Jul 4, 2012 Jul 13, 2011

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,073,732 - 2,180 + 85,447
Reverse repurchase agreements (12) 89,689 + 1,726 + 24,637
Deposits (0) 1,630,234 + 3,339 - 125,015
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 1,527,556 + 19,607 - 159,959
U.S. Treasury, General Account 75,287 - 22,221 + 35,871
U.S. Treasury, Supplementary Financing Account 0 0 - 5,000
Foreign official 2,566 + 978 + 2,405
Other (0) 24,825 + 4,976 + 1,668
Deferred availability cash items (52) 955 - 469 - 567
Other liabilities and accrued dividends (13) 19,104 - 2,015 - 1,118

Total liabilities (52) 2,813,713 + 401 - 16,617

Capital accounts
Capital paid in 27,337 + 1 + 1,500
Surplus 27,337 + 1 + 1,500
Other capital accounts 0 0 0

Total capital 54,674 + 2 + 3,000

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 11, 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 2,097 38 85 145 147 378 192 310 34 51 161 204 351
Securities, repurchase agreements,
and loans 2,613,766 63,372 1,467,346 86,254 66,337 185,699 157,318 144,752 40,815 23,763 52,425 101,386 224,299
Securities held outright (1) 2,609,175 63,372 1,462,846 86,254 66,337 185,699 157,315 144,746 40,792 23,720 52,419 101,380 224,296
U.S. Treasury securities 1,662,637 40,382 932,165 54,963 42,271 118,332 100,246 92,236 25,994 15,115 33,403 64,602 142,928
Bills (2) 14,641 356 8,209 484 372 1,042 883 812 229 133 294 569 1,259
Notes and bonds (3) 1,647,996 40,027 923,956 54,479 41,899 117,290 99,363 91,424 25,765 14,982 33,109 64,033 141,669
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) 855,054 20,768 479,390 28,266 21,739 60,855 51,554 47,435 13,368 7,773 17,178 33,223 73,504
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 4,590 0 4,500 0 0 1 3 6 23 43 6 7 2
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) 12,987 0 12,987 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 176 2 0 46 24 4 36 11 6 5 3 7 31
Bank premises 2,358 121 459 67 123 230 212 203 132 104 255 242 211
Central bank liquidity swaps (10) 29,708 1,041 9,583 2,577 2,196 6,145 1,699 793 243 121 295 476 4,538
Other assets (11) 187,823 4,858 98,997 7,556 5,990 16,892 11,297 9,696 2,790 1,635 3,540 6,771 17,800
Interdistrict settlement account 0 + 4,038 - 13,632 - 18,350 + 1,718 + 3,167 + 12,513 + 2,057 + 3,142 + 1,038 - 1,040 - 886 + 6,235

Total assets 2,868,439 74,074 1,584,752 78,942 77,287 213,817 185,259 159,084 47,625 27,000 56,108 109,208 255,282

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 11, 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 1,264,102 46,471 439,758 47,442 61,484 102,035 164,153 94,296 37,699 22,304 36,949 77,248 134,263
Less: Notes held by F.R. Banks 190,371 4,676 74,234 5,301 7,303 11,934 27,605 12,356 4,062 3,301 3,522 12,117 23,962
Federal Reserve notes, net 1,073,732 41,794 365,524 42,141 54,182 90,101 136,548 81,940 33,637 19,004 33,427 65,131 110,302
Reverse repurchase agreements (12) 89,689 2,178 50,284 2,965 2,280 6,383 5,408 4,976 1,402 815 1,802 3,485 7,710
Deposits 1,630,234 27,196 1,135,967 29,147 16,284 105,769 39,616 70,100 11,874 6,608 20,121 39,313 128,238
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 1,527,556 27,193 1,033,432 29,138 16,281 105,684 39,610 70,074 11,874 6,608 20,120 39,312 128,231
U.S. Treasury, General Account 75,287 0 75,287 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 2,566 1 2,539 3 3 8 2 1 0 0 0 1 6
Other 24,825 1 24,710 5 0 77 4 25 0 0 1 1 1
Deferred availability cash items 1,007 34 0 99 60 22 121 24 84 204 32 71 257
Interest on Federal Reserve notes due
to U.S. Treasury (13) 1,033 28 632 26 16 42 62 67 17 7 19 45 71
Other liabilities and accrued
dividends (14) 18,071 184 14,891 236 224 564 403 373 164 135 161 272 463

Total liabilities 2,813,765 71,415 1,567,299 74,615 73,046 202,880 182,158 157,479 47,178 26,773 55,562 108,318 247,042

Capital
Capital paid in 27,337 1,330 8,727 2,164 2,121 5,468 1,551 802 223 113 273 445 4,120
Surplus 27,337 1,330 8,727 2,164 2,121 5,468 1,551 802 223 113 273 445 4,120
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 2,868,439 74,074 1,584,752 78,942 77,287 213,817 185,259 159,084 47,625 27,000 56,108 109,208 255,282

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 11, 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 11, 2012

Federal Reserve notes outstanding 1,264,102
Less: Notes held by F.R. Banks not subject to collateralization 190,371
Federal Reserve notes to be collateralized 1,073,732
Collateral held against Federal Reserve notes 1,073,732
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,057,495
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,609,175
Less: Face value of securities under reverse repurchase agreements 75,541
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,533,634

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.

Statistical releases