FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks August 2, 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 Aug 1, 2012 Federal Reserve Banks Aug 1, 2012 Jul 25, 2012 Aug 3, 2011 Reserve Bank credit 2,833,359 - 10,916 - 16,148 2,833,857 Securities held outright (1) 2,593,814 - 13,347 - 55,271 2,593,801 U.S. Treasury securities 1,649,362 - 1,386 + 9,997 1,649,294 Bills (2) 0 - 5,938 - 18,423 0 Notes and bonds, nominal (2) 1,570,396 + 4,573 + 24,324 1,570,336 Notes and bonds, inflation-indexed (2) 69,086 0 + 3,565 69,086 Inflation compensation (3) 9,880 - 21 + 531 9,872 Federal agency debt securities (2) 91,029 0 - 21,406 91,029 Mortgage-backed securities (4) 853,423 - 11,961 - 43,862 853,478 Repurchase agreements (5) 0 0 0 0 Loans 3,701 - 129 - 8,261 3,653 Primary credit 32 + 15 + 22 4 Secondary credit 1 + 1 + 1 1 Seasonal credit 121 + 11 + 40 131 Term Asset-Backed Securities Loan Facility (6) 3,547 - 157 - 8,324 3,517 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 2,082 + 47 - 18,739 2,085 Net portfolio holdings of Maiden Lane II LLC (8) 61 + 37 - 10,118 61 Net portfolio holdings of Maiden Lane III LLC (9) 7,218 + 913 - 14,250 7,377 Net portfolio holdings of TALF LLC (10) 848 0 + 81 848 Float -670 - 72 + 415 -602 Central bank liquidity swaps (11) 31,022 + 3,790 + 31,022 31,022 Other Federal Reserve assets (12) 195,282 - 2,155 + 58,972 195,611 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (13) 44,592 + 14 + 597 44,592 Total factors supplying reserve funds 2,894,192 - 10,903 - 15,550 2,894,690 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 Aug 1, 2012 Federal Reserve Banks Aug 1, 2012 Jul 25, 2012 Aug 3, 2011 Currency in circulation (13) 1,112,033 + 1,085 + 80,270 1,114,945 Reverse repurchase agreements (14) 89,881 + 4,975 + 20,069 89,806 Foreign official and international accounts 89,881 + 4,975 + 20,069 89,806 Others 0 0 0 0 Treasury cash holdings 121 + 3 + 5 123 Deposits with F.R. Banks, other than reserve balances 61,095 - 23,603 - 52,678 80,631 Term deposits held by depository institutions 3,040 0 - 2,048 3,040 U.S. Treasury, General Account 42,102 - 3,435 - 14,809 52,683 U.S. Treasury, Supplementary Financing Account 0 0 0 0 Foreign official 3,358 + 794 + 3,225 4,233 Service-related 0 0 - 2,490 0 Required clearing balances 0 0 - 2,490 0 Adjustments to compensate for float 0 0 0 0 Other 12,594 - 20,963 - 36,557 20,675 Other liabilities and capital (15) 69,244 - 278 - 93 68,187 Total factors, other than reserve balances, absorbing reserve funds 1,332,373 - 17,819 + 47,573 1,353,691 Reserve balances with Federal Reserve Banks 1,561,819 + 6,917 - 63,124 1,540,999 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 Aug 1, 2012 Memorandum item Aug 1, 2012 Jul 25, 2012 Aug 3, 2011 Marketable securities held in custody for foreign official and international accounts (1) 3,526,708 + 8,006 + 63,471 3,529,711 U.S. Treasury securities 2,835,363 + 8,420 + 106,476 2,838,597 Federal agency securities (2) 691,345 - 415 - 43,004 691,115 Securities lent to dealers 9,407 + 722 - 13,994 8,560 Overnight facility (3) 9,407 + 722 - 13,994 8,560 U.S. Treasury securities 8,680 + 804 - 13,529 7,884 Federal agency debt securities 726 - 83 - 466 676 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, August 1, 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) 47 881 1,227 1,498 0 ... 3,653 U.S. Treasury securities (2) Holdings 8,206 4,382 13,742 502,093 770,462 350,409 1,649,294 Weekly changes + 629 - 8,206 + 1,138 - 2,382 + 3,083 + 3,601 - 2,138 Federal agency debt securities (3) Holdings 1,928 7,199 15,381 58,424 5,750 2,347 91,029 Weekly changes + 1,928 - 1,084 - 844 0 0 0 0 Mortgage-backed securities (4) Holdings 0 0 3 5 206 853,265 853,478 Weekly changes 0 0 + 1 0 + 12 + 104 + 116 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) 18,285 12,737 0 0 0 0 31,022 Reverse repurchase agreements (6) 89,806 0 ... ... ... ... 89,806 Term deposits 3,040 0 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 Aug 1, 2012 Mortgage-backed securities held outright (1) 853,478 Commitments to buy mortgage-backed securities (2) 37,797 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 42 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 Aug 1, 2012 Net portfolio holdings of Maiden Lane LLC (1) 2,085 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) 706 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 Aug 1, 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 Aug 1, 2012 Net portfolio holdings of Maiden Lane III LLC (1) 7,377 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 Aug 1, 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) 112 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 Aug 1, 2012 Wednesday Wednesday Assets, liabilities, and capital Jul 25, 2012 Aug 3, 2011 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 2,120 + 10 - 66 Securities, repurchase agreements, and loans 2,597,454 - 2,062 - 65,149 Securities held outright (1) 2,593,801 - 2,022 - 56,837 U.S. Treasury securities 1,649,294 - 2,138 + 8,375 Bills (2) 0 - 5,938 - 18,423 Notes and bonds, nominal (2) 1,570,336 + 3,821 + 22,710 Notes and bonds, inflation-indexed (2) 69,086 0 + 3,565 Inflation compensation (3) 9,872 - 22 + 523 Federal agency debt securities (2) 91,029 0 - 21,406 Mortgage-backed securities (4) 853,478 + 116 - 43,807 Repurchase agreements (5) 0 0 0 Loans 3,653 - 40 - 8,312 Net portfolio holdings of Maiden Lane LLC (6) 2,085 + 4 - 18,735 Net portfolio holdings of Maiden Lane II LLC (7) 61 0 - 10,002 Net portfolio holdings of Maiden Lane III LLC (8) 7,377 + 222 - 14,134 Net portfolio holdings of TALF LLC (9) 848 0 + 81 Items in process of collection (65) 282 + 135 - 17 Bank premises 2,352 - 8 + 156 Central bank liquidity swaps (10) 31,022 + 3,790 + 31,022 Other assets (11) 193,259 + 2,207 + 58,900 Total assets (65) 2,853,097 + 4,297 - 17,944 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 Aug 1, 2012 Wednesday Wednesday Assets, liabilities, and capital Jul 25, 2012 Aug 3, 2011 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,072,591 + 2,878 + 79,529 Reverse repurchase agreements (12) 89,806 + 2,305 + 21,183 Deposits (0) 1,621,630 - 514 - 116,841 Term deposits held by depository institutions 3,040 0 - 2,048 Other deposits held by depository institutions 1,540,999 - 26,868 - 106,868 U.S. Treasury, General Account 52,683 + 14,425 + 20,412 U.S. Treasury, Supplementary Financing Account 0 0 0 Foreign official 4,233 + 1,668 + 4,108 Other (0) 20,675 + 10,261 - 32,445 Deferred availability cash items (65) 884 + 86 - 661 Other liabilities and accrued dividends (13) 13,499 - 466 - 4,079 Total liabilities (65) 2,798,410 + 4,289 - 20,868 Capital accounts Capital paid in 27,344 + 5 + 1,463 Surplus 27,344 + 5 + 1,463 Other capital accounts 0 0 0 Total capital 54,688 + 10 + 2,925 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, August 1, 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 2,120 38 85 142 148 383 202 313 35 53 164 204 353 Securities, repurchase agreements, and loans 2,597,454 62,999 1,457,745 85,745 65,946 184,607 156,394 143,899 40,585 23,647 52,123 100,791 222,975 Securities held outright (1) 2,593,801 62,999 1,454,226 85,745 65,946 184,605 156,388 143,893 40,552 23,580 52,111 100,783 222,975 U.S. Treasury securities 1,649,294 40,058 924,684 54,522 41,932 117,383 99,441 91,496 25,785 14,994 33,135 64,084 141,781 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 1,649,294 40,058 924,684 54,522 41,932 117,383 99,441 91,496 25,785 14,994 33,135 64,084 141,781 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) 853,478 20,729 478,506 28,214 21,699 60,743 51,459 47,347 13,343 7,759 17,147 33,162 73,369 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 3,653 0 3,518 0 0 2 6 7 33 67 12 9 0 Net portfolio holdings of Maiden Lane LLC (6) 2,085 0 2,085 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) 7,377 0 7,377 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 348 3 0 52 41 5 170 10 4 6 5 7 46 Bank premises 2,352 120 457 67 123 229 212 202 131 104 254 241 210 Central bank liquidity swaps (10) 31,022 1,088 10,007 2,691 2,293 6,417 1,774 828 254 127 309 497 4,739 Other assets (11) 193,259 4,996 101,981 7,751 6,144 17,320 11,618 9,990 2,881 1,687 3,650 6,957 18,285 Interdistrict settlement account 0 + 9,375 - 26,273 - 17,625 - 476 - 12,023 + 24,140 + 416 + 3,099 + 1,484 - 641 + 1,506 + 17,018 Total assets 2,853,163 79,222 1,560,014 79,470 74,970 198,239 196,502 156,922 47,452 27,389 56,330 111,210 265,443 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, August 1, 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 1,275,309 46,126 442,429 47,148 61,745 102,348 173,291 94,033 37,557 22,577 36,723 77,198 134,133 Less: Notes held by F.R. Banks 202,718 4,996 78,038 5,434 8,650 12,541 28,568 12,847 4,341 3,399 3,670 15,439 24,795 Federal Reserve notes, net 1,072,591 41,131 364,390 41,715 53,095 89,807 144,723 81,186 33,216 19,178 33,054 61,759 109,338 Reverse repurchase agreements (12) 89,806 2,181 50,350 2,969 2,283 6,392 5,415 4,982 1,404 816 1,804 3,489 7,720 Deposits 1,621,630 32,992 1,118,271 30,053 15,021 90,369 42,567 68,662 12,171 6,891 20,701 44,670 139,261 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 1,540,999 32,960 1,039,093 29,417 15,018 90,023 42,553 68,631 12,171 6,841 20,375 44,663 139,254 U.S. Treasury, General Account 52,683 0 52,683 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 4,233 1 4,206 3 3 8 2 1 0 0 0 1 6 Other 20,675 25 20,384 10 0 223 4 25 0 0 1 2 1 Deferred availability cash items 950 34 0 107 59 20 180 24 26 131 29 71 268 Interest on Federal Reserve notes due to U.S. Treasury (13) 2,007 39 1,219 61 43 129 115 92 29 17 34 71 158 Other liabilities and accrued dividends (14) 11,492 185 8,329 238 227 575 402 370 158 127 159 264 459 Total liabilities 2,798,475 76,562 1,542,560 75,143 70,729 187,291 193,401 155,316 47,004 27,160 55,781 110,323 257,204 Capital Capital paid in 27,344 1,330 8,727 2,164 2,121 5,474 1,551 803 224 114 275 444 4,119 Surplus 27,344 1,330 8,727 2,164 2,121 5,474 1,551 803 224 114 275 444 4,119 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 2,853,163 79,222 1,560,014 79,470 74,970 198,239 196,502 156,922 47,452 27,389 56,330 111,210 265,443 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, August 1, 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 Aug 1, 2012 Federal Reserve notes outstanding 1,275,309 Less: Notes held by F.R. Banks not subject to collateralization 202,718 Federal Reserve notes to be collateralized 1,072,591 Collateral held against Federal Reserve notes 1,072,591 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,056,354 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,593,801 Less: Face value of securities under reverse repurchase agreements 75,840 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,517,961 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.