FRB: H.4.1 Release--Factors Affecting Reserve Balances--January 19, 2012

FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
January 19, 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 Jan 18, 2012
Federal Reserve Banks Jan 18, 2012 Jan 11, 2012 Jan 19, 2011

Reserve Bank credit 2,903,761 + 20,871 + 487,459 2,901,179
Securities held outright (1) 2,602,187 + 7,369 + 395,648 2,600,438
U.S. Treasury securities 1,647,279 - 5,964 + 575,660 1,651,506
Bills (2) 18,423 0 0 18,423
Notes and bonds, nominal (2) 1,550,886 - 6,945 + 553,564 1,555,200
Notes and bonds, inflation-indexed (2) 68,482 + 973 + 18,808 68,418
Inflation compensation (3) 9,488 + 8 + 3,287 9,466
Federal agency debt securities (2) 102,030 - 1,281 - 44,174 101,498
Mortgage-backed securities (4) 852,878 + 14,614 - 135,839 847,434
Repurchase agreements (5) 0 0 0 0
Loans 8,598 - 239 - 18,030 8,596
Primary credit 4 - 1 - 43 2
Secondary credit 0 0 - 2 0
Seasonal credit 2 - 5 - 8 3
Credit extended to American International
Group, Inc., net (6) 0 0 - 2,904 0
Term Asset-Backed Securities Loan Facility (7) 8,592 - 233 - 15,074 8,590
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 7,171 - 69 - 19,289 7,010
Net portfolio holdings of Maiden Lane II LLC (9) 9,146 + 3 - 6,800 9,150
Net portfolio holdings of Maiden Lane III LLC (10) 17,798 - 1 - 4,747 17,633
Net portfolio holdings of TALF LLC (11) 811 0 + 146 811
Preferred interests in AIA Aurora LLC and ALICO
Holdings LLC (6) 0 0 - 3,769 0
Float -916 + 24 + 887 -1,576
Central bank liquidity swaps (12) 103,266 + 10,985 + 103,196 103,266
Other Federal Reserve assets (13) 155,700 + 2,799 + 40,218 155,852
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (14) 44,277 + 14 + 632 44,277

Total factors supplying reserve funds 2,964,278 + 20,884 + 488,090 2,961,697

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 Jan 18, 2012
Federal Reserve Banks Jan 18, 2012 Jan 11, 2012 Jan 19, 2011

Currency in circulation (14) 1,067,960 - 1,993 + 89,385 1,067,888
Reverse repurchase agreements (15) 84,427 - 3,725 + 30,640 91,093
Foreign official and international accounts 84,427 - 3,725 + 30,640 91,093
Others 0 0 0 0
Treasury cash holdings 137 + 5 - 58 145
Deposits with F.R. Banks, other than reserve balances 146,368 + 4,958 - 150,114 187,672
Term deposits held by depository institutions 3,079 + 3,079 + 3,079 3,079
U.S. Treasury, General Account 78,069 - 194 + 19,111 108,203
U.S. Treasury, Supplementary Financing Account 0 0 - 199,961 0
Foreign official 152 + 27 - 4,160 126
Service-related 1,980 - 505 - 382 1,980
Required clearing balances 1,980 - 505 - 382 1,980
Adjustments to compensate for float 0 0 0 0
Other 63,089 + 2,553 + 32,201 74,285
Funds from American International Group, Inc. asset
dispositions, held as agent (6) 0 0 - 3,842 0
Other liabilities and capital (16) 71,907 + 766 - 193 71,418

Total factors, other than reserve balances,
absorbing reserve funds 1,370,798 + 10 - 34,184 1,418,216

Reserve balances with Federal Reserve Banks 1,593,480 + 20,874 + 522,274 1,543,481

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
remaining principal balance of the underlying mortgages.
5. Cash value of agreements.
6. As a result of the closing of the American International Group, Inc. (AIG) recapitalization plan on
January 14, 2011, the credit extended to AIG was fully repaid and the Federal Reserve's commitment to lend
any further funds was terminated. In addition, the Federal Reserve Bank of New York (FRBNY) has been paid
in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. The funds from AIG asset
dispositions that FRBNY held as agent were the source of repayment of the credit extended to AIG, as well
as a portion of the FRBNY's preferred interests in ALICO Holdings LLC. The remaining FRBNY preferred
interests in ALICO Holdings LLC and AIA Aurora LLC, valued at approximately $20 billion, were purchased by
AIG through a draw on the Treasury's Series F preferred stock commitment and then transferred by AIG to
the Treasury as consideration for the draw on the available Series F funds.
7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term
Asset-Backed Securities Loan Facility.
8. Refer to table 4 and the note on consolidation accompanying table 9.
9. Refer to table 5 and the note on consolidation accompanying table 9.
10. Refer to table 6 and the note on consolidation accompanying table 9.
11. Refer to table 7 and the note on consolidation accompanying table 9.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
the foreign currency is returned to the foreign central bank. This exchange rate equals the market
exchange rate used when the foreign currency was acquired from the foreign central bank.
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange
rates, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the
Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on
January 14, 2011, included accrued dividends on the FRBNY's preferred interests in AIA Aurora LLC and
ALICO Holdings LLC.
14. Estimated.
15. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
securities, and mortgage-backed securities.
16. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to
entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only
to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation
accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S.
Treasury. Refer to table 8 and table 9.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.

1A. Memorandum Items
Millions of dollars
Averages of daily figures Wednesday
Week ended Change from week ended Jan 18, 2012
Memorandum item Jan 18, 2012 Jan 11, 2012 Jan 19, 2011

Marketable securities held in custody for foreign
official and international accounts (1) 3,391,653 - 6,065 + 48,450 3,403,270
U.S. Treasury securities 2,664,888 - 3,931 + 66,777 2,676,708
Federal agency securities (2) 726,765 - 2,133 - 18,327 726,562
Securities lent to dealers 10,573 + 1,957 - 4,450 14,372
Overnight facility (3) 10,573 + 1,957 - 4,450 14,372
U.S. Treasury securities 9,650 + 1,920 - 3,968 13,520
Federal agency debt securities 923 + 37 - 482 852

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, January 18, 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) 5 11 4,598 3,982 0 ... 8,596
U.S. Treasury securities (2)
Holdings 14,630 35,186 66,893 638,088 659,004 237,705 1,651,506
Weekly changes - 6,059 + 13,378 - 11,071 - 4,497 + 3,225 + 5,686 + 663
Federal agency debt securities (3)
Holdings 0 6,298 20,089 58,931 13,833 2,347 101,498
Weekly changes - 903 + 1,278 - 28 - 1,250 0 0 - 903
Mortgage-backed securities (4)
Holdings 0 0 0 13 67 847,353 847,434
Weekly changes 0 0 0 0 + 31 + 7,128 + 7,160
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) 9,179 94,087 0 0 0 0 103,266

Reverse repurchase agreements (6) 91,093 0 ... ... ... ... 91,093
Term deposits 0 3,079 0 ... ... ... 3,079

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 Jan 18, 2012

Mortgage-backed securities held outright (1) 847,434

Commitments to buy mortgage-backed securities (2) 33,210
Commitments to sell mortgage-backed securities (2) 0

Cash and cash equivalents (3) 14

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 Jan 18, 2012

Net portfolio holdings of Maiden Lane LLC (1) 7,010

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 3,812
Accrued interest payable to the Federal Reserve Bank of New York (2) 757
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,389

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
September 30, 2011. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
and accrued dividends in table 8 and table 9.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of
section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to
manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets.
Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses
of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to
JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.

5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Wednesday
Account name Jan 18, 2012

Net portfolio holdings of Maiden Lane II LLC (1) 9,150

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 6,084
Accrued interest payable to the Federal Reserve Bank of New York (2) 573
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,108

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
September 30, 2011. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of
American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued
interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table
8 and table 9.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential
mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group,
Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred
payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.

6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Wednesday
Account name Jan 18, 2012

Net portfolio holdings of Maiden Lane III LLC (1) 17,633

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 8,890
Accrued interest payable to the Federal Reserve Bank of New York (2) 698
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,551

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 Jan 18, 2012

Asset-backed securities holdings (1) 0
Other investments, net 811
Net portfolio holdings of TALF LLC 811

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3) 110

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
be conducted in an orderly market on the measurement date.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF)
under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New
York (FRBNY) extends loans with a term of up to five years to holders of eligible asset-backed securities. The TALF is intended to
assist financial markets in accommodating the credit needs of consumers and businesses by facilitating the issuance of asset-backed
securities collateralized by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are
non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The loans
are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial
risk of a decline in the value of the security.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in
connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed
securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest.
Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF
LLC, by the interest received on investments of TALF LLC, by up to $4.3 billion in subordinated debt funding provided by the U.S.
Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio
holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S.
Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the
U.S. Treasury.

8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Eliminations from Wednesday Change since
consolidation Jan 18, 2012 Wednesday Wednesday
Assets, liabilities, and capital Jan 11, 2012 Jan 19, 2011

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 2,370 + 25 + 124
Securities, repurchase agreements, and loans 2,609,034 + 6,887 + 379,726
Securities held outright (1) 2,600,438 + 6,919 + 394,819
U.S. Treasury securities 1,651,506 + 663 + 571,928
Bills (2) 18,423 0 0
Notes and bonds, nominal (2) 1,555,200 + 793 + 550,461
Notes and bonds, inflation-indexed (2) 68,418 - 90 + 18,046
Inflation compensation (3) 9,466 - 39 + 3,422
Federal agency debt securities (2) 101,498 - 903 - 44,387
Mortgage-backed securities (4) 847,434 + 7,160 - 132,723
Repurchase agreements (5) 0 0 0
Loans 8,596 - 32 - 15,092
Net portfolio holdings of Maiden Lane LLC (6) 7,010 - 236 - 19,383
Net portfolio holdings of Maiden Lane II LLC (7) 9,150 + 5 - 6,801
Net portfolio holdings of Maiden Lane III LLC (8) 17,633 - 233 - 4,795
Net portfolio holdings of TALF LLC (9) 811 0 + 146
Preferred interests in AIA Aurora LLC and ALICO
Holdings LLC (10) 0 0 0
Items in process of collection (195) 391 + 84 - 74
Bank premises 2,182 0 - 40
Central bank liquidity swaps (11) 103,266 + 11,807 + 103,196
Other assets (12) 153,668 + 1,909 + 41,386

Total assets (195) 2,921,751 + 20,248 + 493,483

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 Jan 18, 2012 Wednesday Wednesday
Assets, liabilities, and capital Jan 11, 2012 Jan 19, 2011

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,026,122 - 466 + 88,718
Reverse repurchase agreements (13) 91,093 + 6,461 + 38,161
Deposits (0) 1,731,151 + 15,043 + 367,743
Term deposits held by depository institutions 3,079 + 3,079 + 3,079
Other deposits held by depository institutions 1,545,459 - 39,316 + 481,502
U.S. Treasury, General Account 108,203 + 42,136 + 14,080
U.S. Treasury, Supplementary Financing Account 0 0 - 199,961
Foreign official 126 + 1 - 4,784
Other (0) 74,285 + 9,144 + 73,828
Deferred availability cash items (195) 1,967 + 652 - 792
Other liabilities and accrued dividends (14) 17,617 - 1,443 - 1,084

Total liabilities (195) 2,867,950 + 20,247 + 492,745

Capital accounts
Capital paid in 26,901 + 1 + 370
Surplus 26,901 + 1 + 370
Other capital accounts 0 0 0

Total capital 53,801 0 + 738

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 4 and the note on consolidation accompanying table 9.
7. Refer to table 5 and the note on consolidation accompanying table 9.
8. Refer to table 6 and the note on consolidation accompanying table 9.
9. Refer to table 7 and the note on consolidation accompanying table 9.
10. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank
of New York has been paid in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. A
portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were
held as agent by the Federal Reserve.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange
rate used when the foreign currency was acquired from the foreign central bank.
12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates
and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to
eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG
recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY's preferred interests in
AIA Aurora LLC and ALICO Holdings LLC.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
securities, and mortgage-backed securities.
14. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to
entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to
the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation
accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S.
Treasury. Before the closing of the AIG recapitalization plan on January 14, 2011, included funds from
American International Group, Inc. asset dispositions, held as agent.

9. Statement of Condition of Each Federal Reserve Bank, January 18, 2012
Millions of dollars
Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
Assets, liabilities, and capital City Francisco

Assets
Gold certificate account 11,037 390 3,866 432 450 872 1,394 854 319 197 318 728 1,217
Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574
Coin 2,370 55 90 161 177 416 211 348 37 62 177 247 389
Securities, repurchase agreements,
and loans 2,609,034 63,936 1,217,907 89,081 70,243 300,324 193,323 154,428 49,220 39,966 69,175 102,848 258,584
Securities held outright (1) 2,600,438 63,936 1,209,315 89,081 70,243 300,324 193,323 154,428 49,219 39,965 69,173 102,848 258,584
U.S. Treasury securities 1,651,506 40,605 768,021 56,574 44,611 190,732 122,777 98,075 31,258 25,381 43,931 65,317 164,223
Bills (2) 18,423 453 8,567 631 498 2,128 1,370 1,094 349 283 490 729 1,832
Notes and bonds (3) 1,633,084 40,152 759,454 55,943 44,113 188,605 121,408 96,981 30,909 25,098 43,441 64,589 162,391
Federal agency debt securities (2) 101,498 2,495 47,201 3,477 2,742 11,722 7,546 6,028 1,921 1,560 2,700 4,014 10,093
Mortgage-backed securities (4) 847,434 20,835 394,093 29,030 22,891 97,870 63,000 50,325 16,039 13,024 22,542 33,516 84,268
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 8,596 0 8,591 0 0 0 0 0 1 1 2 0 0
Net portfolio holdings of Maiden
Lane LLC (6) 7,010 0 7,010 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (7) 9,150 0 9,150 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (8) 17,633 0 17,633 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF LLC (9) 811 0 811 0 0 0 0 0 0 0 0 0 0
Preferred interests in AIA Aurora LLC
and ALICO Holdings LLC (10) 0 0 0 0 0 0 0 0 0 0 0 0 0
Items in process of collection 586 18 0 107 172 84 121 21 8 25 8 30 -8
Bank premises 2,182 122 261 67 125 232 214 205 134 105 259 245 213
Central bank liquidity swaps (11) 103,266 3,569 29,909 10,003 7,660 21,175 5,918 2,616 842 3,190 930 1,565 15,891
Other assets (12) 153,668 4,068 66,709 6,894 5,383 20,128 10,993 8,226 2,660 2,801 3,640 5,501 16,666
Interdistrict settlement account 0 - 7,168 + 350,725 - 28,078 - 13,183 - 143,563 - 48,169 - 11,959 - 8,623 - 19,531 - 18,640 - 3,991 - 47,820

Total assets 2,921,946 65,185 1,705,888 78,875 71,265 200,080 164,658 155,163 44,746 26,905 56,020 107,453 245,706

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, January 18, 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 1,210,858 44,256 433,971 46,093 54,590 94,713 143,610 89,177 33,871 21,065 34,637 80,038 134,837
Less: Notes held by F.R. Banks 184,736 4,811 54,280 6,648 9,685 12,263 29,148 12,988 4,534 5,446 4,113 12,959 27,861
Federal Reserve notes, net 1,026,122 39,445 379,691 39,444 44,905 82,450 114,462 76,189 29,337 15,619 30,525 67,079 106,976
Reverse repurchase agreements (13) 91,093 2,240 42,362 3,120 2,461 10,520 6,772 5,410 1,724 1,400 2,423 3,603 9,058
Deposits 1,731,151 21,293 1,252,980 31,134 19,402 95,089 39,515 71,590 12,986 9,175 22,261 35,392 120,333
Term deposits held by depository
institutions 3,079 20 621 617 47 1,010 5 364 3 65 251 5 72
Other deposits held by depository
institutions 1,545,459 21,262 1,069,863 30,512 19,352 94,030 39,507 71,194 12,983 9,108 22,010 35,385 120,254
U.S. Treasury, General Account 108,203 0 108,203 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 126 1 98 4 3 8 2 1 0 1 0 1 6
Other 74,285 9 74,196 2 1 41 0 32 0 1 1 1 1
Deferred availability cash items 2,162 96 0 221 222 47 302 93 73 333 79 206 489
Interest on Federal Reserve notes due
to U.S. Treasury (14) 1,770 42 842 67 55 213 127 94 28 28 42 63 171
Other liabilities and accrued
dividends (15) 15,846 183 12,658 222 241 632 405 352 158 131 155 250 460

Total liabilities 2,868,145 63,298 1,688,534 74,209 67,287 188,952 161,582 153,728 44,306 26,686 55,484 106,591 237,487

Capital
Capital paid in 26,901 943 8,677 2,333 1,989 5,564 1,538 718 220 109 268 431 4,109
Surplus 26,901 943 8,677 2,333 1,989 5,564 1,538 718 220 109 268 431 4,109
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 2,921,946 65,185 1,705,888 78,875 71,265 200,080 164,658 155,163 44,746 26,905 56,020 107,453 245,706

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, January 18, 2012 (continued)
1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 4 and the note on consolidation below.
7. Refer to table 5 and the note on consolidation below.
8. Refer to table 6 and the note on consolidation below.
9. Refer to table 7 and the note on consolidation below.
10. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank of New York has been paid in full for its preferred interests in AIA Aurora LLC and ALICO
Holdings LLC. A portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were held as agent by the Federal Reserve.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals
the market exchange rate used when the foreign currency was acquired from the foreign central bank.
12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank of New York
(FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on January 14, 2011, included accrued dividends on the
FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
14. Represents the estimated weekly remittances to U.S Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to
capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the
Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which
requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the
amount necessary to equate surplus with capital paid-in.
15. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have
recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below. Before the closing of the AIG recapitalization plan on January 14,
2011, included funds from American International Group, Inc. asset dispositions, held as agent.

Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was
extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector
collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan was extended to
Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc.
On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in
connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.

The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial
activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual
losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the
preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs
appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of
the LLCs, are included in other liabilities in this table (and table 1 and table 8).

10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Wednesday
Federal Reserve notes and collateral Jan 18, 2012

Federal Reserve notes outstanding 1,210,858
Less: Notes held by F.R. Banks not subject to collateralization 184,736
Federal Reserve notes to be collateralized 1,026,122
Collateral held against Federal Reserve notes 1,026,122
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,009,885
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,600,438
Less: Face value of securities under reverse repurchase agreements 78,428
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,522,010

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