FRB: H.4.1 Release--Factors Affecting Reserve Balances--May 3, 2012

FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
May 3, 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 May 2, 2012
Federal Reserve Banks May 2, 2012 Apr 25, 2012 May 4, 2011

Reserve Bank credit 2,845,858 - 14,577 + 158,992 2,846,985
Securities held outright (1) 2,609,268 - 13,422 + 131,855 2,610,021
U.S. Treasury securities 1,666,892 - 152 + 241,618 1,667,630
Bills (2) 18,423 0 0 18,423
Notes and bonds, nominal (2) 1,571,813 - 419 + 230,022 1,572,264
Notes and bonds, inflation-indexed (2) 67,420 + 184 + 9,355 67,666
Inflation compensation (3) 9,236 + 82 + 2,241 9,277
Federal agency debt securities (2) 94,571 - 90 - 30,547 94,571
Mortgage-backed securities (4) 847,805 - 13,180 - 79,216 847,820
Repurchase agreements (5) 0 0 0 0
Loans 6,628 + 2 - 9,980 6,801
Primary credit 83 + 75 + 72 300
Secondary credit 0 0 - 1 0
Seasonal credit 14 + 3 + 2 24
Term Asset-Backed Securities Loan Facility (6) 6,531 - 77 - 10,053 6,477
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (7) 4,176 + 118 - 20,595 4,183
Net portfolio holdings of Maiden Lane II LLC (8) 19 0 - 16,069 19
Net portfolio holdings of Maiden Lane III LLC (9) 19,975 + 2,320 - 4,598 20,207
Net portfolio holdings of TALF LLC (10) 836 + 1 + 103 836
Float -864 - 258 + 220 -851
Central bank liquidity swaps (11) 27,951 - 4,020 + 27,951 27,256
Other Federal Reserve assets (12) 177,870 + 684 + 50,106 178,512
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (13) 44,385 + 14 + 531 44,385

Total factors supplying reserve funds 2,906,484 - 14,563 + 159,524 2,907,612

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 May 2, 2012
Federal Reserve Banks May 2, 2012 Apr 25, 2012 May 4, 2011

Currency in circulation (13) 1,100,493 + 1,250 + 85,904 1,102,654
Reverse repurchase agreements (14) 97,946 + 8,581 + 38,868 90,336
Foreign official and international accounts 97,946 + 8,581 + 38,868 90,336
Others 0 0 0 0
Treasury cash holdings 140 - 1 - 21 139
Deposits with F.R. Banks, other than reserve balances 138,237 + 20,278 + 8,299 158,368
Term deposits held by depository institutions 0 0 - 5,081 0
U.S. Treasury, General Account 120,748 + 42,250 + 5,722 136,746
U.S. Treasury, Supplementary Financing Account 0 0 - 5,000 0
Foreign official 138 + 8 + 6 137
Service-related 1,927 0 - 619 1,927
Required clearing balances 1,927 0 - 619 1,927
Adjustments to compensate for float 0 0 0 0
Other 15,424 - 21,980 + 13,271 19,558
Other liabilities and capital (15) 77,037 + 2,040 + 1,162 74,916

Total factors, other than reserve balances,
absorbing reserve funds 1,413,853 + 32,147 + 134,213 1,426,413

Reserve balances with Federal Reserve Banks 1,492,631 - 46,710 + 25,311 1,481,199

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 May 2, 2012
Memorandum item May 2, 2012 Apr 25, 2012 May 4, 2011

Marketable securities held in custody for foreign
official and international accounts (1) 3,495,805 + 13,434 + 43,499 3,497,214
U.S. Treasury securities 2,780,193 + 14,212 + 89,607 2,782,152
Federal agency securities (2) 715,612 - 778 - 46,108 715,062
Securities lent to dealers 13,782 + 225 - 4,037 13,828
Overnight facility (3) 13,782 + 225 - 4,037 13,828
U.S. Treasury securities 12,900 + 103 - 4,092 13,022
Federal agency debt securities 881 + 122 + 54 806

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, May 2, 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) 323 710 3,843 1,926 0 ... 6,801
U.S. Treasury securities (2)
Holdings 20,509 9,922 51,248 551,507 732,932 301,512 1,667,630
Weekly changes + 5,282 - 6,732 + 1,648 + 2,054 - 6,110 + 3,722 - 136
Federal agency debt securities (3)
Holdings 405 3,137 18,976 60,224 9,482 2,347 94,571
Weekly changes + 405 - 405 0 0 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 2 8 99 847,711 847,820
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) 1,132 26,124 0 0 0 0 27,256

Reverse repurchase agreements (6) 90,336 0 ... ... ... ... 90,336
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 May 2, 2012

Mortgage-backed securities held outright (1) 847,820

Commitments to buy mortgage-backed securities (2) 39,049
Commitments to sell mortgage-backed securities (2) 0

Cash and cash equivalents (3) 23

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 May 2, 2012

Net portfolio holdings of Maiden Lane LLC (1) 4,183

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 707
Accrued interest payable to the Federal Reserve Bank of New York (2) 764
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,409

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 May 2, 2012

Net portfolio holdings of Maiden Lane II LLC (1) 19

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 May 2, 2012

Net portfolio holdings of Maiden Lane III LLC (1) 20,207

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 7,972
Accrued interest payable to the Federal Reserve Bank of New York (2) 731
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,603

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 May 2, 2012

Asset-backed securities holdings (1) 0
Other investments, net 836
Net portfolio holdings of TALF LLC 836

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3) 111

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

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

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

8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Eliminations from Wednesday Change since
consolidation May 2, 2012 Wednesday Wednesday
Assets, liabilities, and capital Apr 25, 2012 May 4, 2011

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 2,230 - 3 + 47
Securities, repurchase agreements, and loans 2,616,823 + 114 + 106,551
Securities held outright (1) 2,610,021 - 113 + 116,026
U.S. Treasury securities 1,667,630 - 136 + 225,775
Bills (2) 18,423 0 0
Notes and bonds, nominal (2) 1,572,264 - 661 + 213,949
Notes and bonds, inflation-indexed (2) 67,666 + 430 + 9,601
Inflation compensation (3) 9,277 + 94 + 2,224
Federal agency debt securities (2) 94,571 0 - 30,547
Mortgage-backed securities (4) 847,820 + 24 - 79,201
Repurchase agreements (5) 0 0 0
Loans 6,801 + 226 - 9,476
Net portfolio holdings of Maiden Lane LLC (6) 4,183 + 13 - 20,613
Net portfolio holdings of Maiden Lane II LLC (7) 19 0 - 14,951
Net portfolio holdings of Maiden Lane III LLC (8) 20,207 + 402 - 4,404
Net portfolio holdings of TALF LLC (9) 836 0 + 103
Items in process of collection (97) 286 + 72 - 200
Bank premises 2,365 + 12 + 157
Central bank liquidity swaps (10) 27,256 - 4,715 + 27,256
Other assets (11) 176,165 + 1,824 + 49,701

Total assets (97) 2,866,606 - 2,283 + 143,645

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 May 2, 2012 Wednesday Wednesday
Assets, liabilities, and capital Apr 25, 2012 May 4, 2011

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,060,633 + 2,325 + 84,909
Reverse repurchase agreements (12) 90,336 - 2,111 + 33,363
Deposits (0) 1,639,584 - 1,445 + 24,709
Term deposits held by depository institutions 0 0 - 5,081
Other deposits held by depository institutions 1,483,144 - 43,175 + 7,665
U.S. Treasury, General Account 136,746 + 34,154 + 11,349
U.S. Treasury, Supplementary Financing Account 0 0 - 5,000
Foreign official 137 + 9 + 9
Other (0) 19,558 + 7,568 + 15,767
Deferred availability cash items (97) 1,137 + 119 - 590
Other liabilities and accrued dividends (13) 20,437 - 1,187 - 668

Total liabilities (97) 2,812,127 - 2,299 + 141,724

Capital accounts
Capital paid in 27,240 + 9 + 961
Surplus 27,240 + 9 + 961
Other capital accounts 0 0 0

Total capital 54,479 + 16 + 1,921

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, May 2, 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 2,230 53 108 151 156 395 204 324 35 59 166 210 369
Securities, repurchase agreements,
and loans 2,616,823 63,397 1,469,798 86,282 66,358 185,759 157,368 144,795 40,807 23,741 52,437 101,712 224,369
Securities held outright (1) 2,610,021 63,393 1,463,320 86,282 66,358 185,759 157,366 144,793 40,805 23,727 52,436 101,413 224,369
U.S. Treasury securities 1,667,630 40,504 934,964 55,128 42,398 118,688 100,547 92,513 26,072 15,160 33,503 64,796 143,357
Bills (2) 18,423 447 10,329 609 468 1,311 1,111 1,022 288 167 370 716 1,584
Notes and bonds (3) 1,649,207 40,056 924,635 54,519 41,930 117,376 99,436 91,491 25,784 14,993 33,133 64,080 141,773
Federal agency debt securities (2) 94,571 2,297 53,022 3,126 2,404 6,731 5,702 5,246 1,479 860 1,900 3,675 8,130
Mortgage-backed securities (4) 847,820 20,592 475,334 28,027 21,555 60,341 51,118 47,033 13,255 7,707 17,033 32,942 72,882
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 6,801 5 6,478 0 0 0 2 2 2 13 1 299 0
Net portfolio holdings of Maiden
Lane LLC (6) 4,183 0 4,183 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (7) 19 0 19 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (8) 20,207 0 20,207 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF LLC (9) 836 0 836 0 0 0 0 0 0 0 0 0 0
Items in process of collection 383 13 0 67 47 4 153 13 9 7 4 10 57
Bank premises 2,365 122 462 66 124 230 212 202 132 105 256 242 211
Central bank liquidity swaps (10) 27,256 955 8,792 2,364 2,015 5,638 1,558 727 223 111 271 437 4,164
Other assets (11) 176,165 4,586 92,276 7,216 5,736 16,175 10,586 9,021 2,608 1,530 3,298 6,281 16,851
Interdistrict settlement account 0 + 3,381 + 18,801 - 14,420 + 230 - 8,999 + 2,820 + 1,565 + 2,081 + 1,321 - 31 + 2,664 - 9,413

Total assets 2,866,703 73,112 1,621,124 82,372 75,419 200,504 174,892 157,910 46,357 27,156 56,869 112,563 238,425

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, May 2, 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 1,243,315 47,216 433,501 48,063 60,779 102,042 148,385 94,851 35,379 22,870 37,483 78,074 134,674
Less: Notes held by F.R. Banks 182,682 4,658 66,541 5,641 7,457 11,582 26,700 12,665 4,248 4,200 4,001 11,417 23,572
Federal Reserve notes, net 1,060,633 42,558 366,960 42,422 53,321 90,460 121,684 82,186 31,131 18,670 33,482 66,657 111,102
Reverse repurchase agreements (12) 90,336 2,194 50,647 2,986 2,297 6,429 5,447 5,011 1,412 821 1,815 3,510 7,766
Deposits 1,639,584 25,408 1,170,172 32,064 15,134 91,852 43,950 68,640 13,063 7,128 20,783 41,089 110,302
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 1,483,144 25,404 1,014,047 32,056 15,131 91,601 43,947 68,607 13,062 7,128 20,782 41,088 110,290
U.S. Treasury, General Account 136,746 0 136,746 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 137 1 110 3 3 8 2 1 0 0 0 1 6
Other 19,558 2 19,269 4 0 242 0 32 0 0 1 0 6
Deferred availability cash items 1,234 49 0 134 117 26 176 30 108 157 39 89 309
Interest on Federal Reserve notes due
to U.S. Treasury (13) 2,218 44 1,350 65 51 145 129 102 34 21 39 69 168
Other liabilities and accrued
dividends (14) 18,219 215 14,627 287 266 677 444 402 168 131 168 283 551

Total liabilities 2,812,224 70,468 1,603,758 77,957 71,187 189,589 171,830 156,370 45,916 26,929 56,326 111,697 230,198

Capital
Capital paid in 27,240 1,322 8,683 2,207 2,116 5,458 1,531 770 221 113 272 433 4,114
Surplus 27,240 1,322 8,683 2,207 2,116 5,458 1,531 770 221 113 272 433 4,114
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 2,866,703 73,112 1,621,124 82,372 75,419 200,504 174,892 157,910 46,357 27,156 56,869 112,563 238,425

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, May 2, 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 May 2, 2012

Federal Reserve notes outstanding 1,243,315
Less: Notes held by F.R. Banks not subject to collateralization 182,682
Federal Reserve notes to be collateralized 1,060,633
Collateral held against Federal Reserve notes 1,060,633
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,044,396
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,610,021
Less: Face value of securities under reverse repurchase agreements 78,110
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,531,911

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