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Release Date: June 21, 2012
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FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
June 21, 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 Jun 20, 2012
Federal Reserve Banks Jun 20, 2012 Jun 13, 2012 Jun 22, 2011
Reserve Bank credit 2,849,676 + 14,157 + 23,070 2,853,746
Securities held outright (1) 2,621,172 + 14,276 - 787 2,623,099
U.S. Treasury securities 1,665,691 + 6,122 + 76,526 1,663,577
Bills (2) 18,423 0 0 18,423
Notes and bonds, nominal (2) 1,570,464 + 6,352 + 72,565 1,567,459
Notes and bonds, inflation-indexed (2) 67,146 - 198 + 2,951 67,915
Inflation compensation (3) 9,658 - 32 + 1,010 9,780
Federal agency debt securities (2) 92,186 - 1,066 - 26,179 91,484
Mortgage-backed securities (4) 863,295 + 9,220 - 51,134 868,038
Repurchase agreements (5) 0 0 0 0
Loans 5,341 - 97 - 7,817 5,423
Primary credit 26 + 13 + 6 106
Secondary credit 0 0 - 1 0
Seasonal credit 64 + 17 + 22 66
Term Asset-Backed Securities Loan Facility (6) 5,251 - 127 - 7,845 5,251
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (7) 2,710 - 1,172 - 21,065 2,483
Net portfolio holdings of Maiden Lane II LLC (8) 19 0 - 12,488 18
Net portfolio holdings of Maiden Lane III LLC (9) 12,013 - 3,309 - 12,218 12,255
Net portfolio holdings of TALF LLC (10) 841 0 + 92 841
Float -724 - 2 + 287 -663
Central bank liquidity swaps (11) 24,215 + 901 + 24,215 24,215
Other Federal Reserve assets (12) 184,090 + 3,560 + 52,852 186,075
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (13) 44,543 + 14 + 605 44,543
Total factors supplying reserve funds 2,910,460 + 14,171 + 23,675 2,914,530
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 Jun 20, 2012
Federal Reserve Banks Jun 20, 2012 Jun 13, 2012 Jun 22, 2011
Currency in circulation (13) 1,108,184 - 482 + 85,531 1,109,049
Reverse repurchase agreements (14) 83,842 - 4,166 + 20,938 84,108
Foreign official and international accounts 83,842 - 4,166 + 20,938 84,108
Others 0 0 0 0
Treasury cash holdings 134 - 8 + 2 121
Deposits with F.R. Banks, other than reserve balances 145,258 + 71,951 + 8,624 185,810
Term deposits held by depository institutions 0 - 3,053 - 5,087 0
U.S. Treasury, General Account 114,746 + 72,861 - 8,189 139,880
U.S. Treasury, Supplementary Financing Account 0 0 - 5,000 0
Foreign official 1,574 + 782 + 1,361 1,575
Service-related 1,897 0 - 640 1,897
Required clearing balances 1,897 0 - 640 1,897
Adjustments to compensate for float 0 0 0 0
Other 27,042 + 1,362 + 26,180 42,459
Other liabilities and capital (15) 76,492 + 122 + 2,513 75,659
Total factors, other than reserve balances,
absorbing reserve funds 1,413,911 + 67,419 + 117,609 1,454,746
Reserve balances with Federal Reserve Banks 1,496,549 - 53,248 - 93,934 1,459,783
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 Jun 20, 2012
Memorandum item Jun 20, 2012 Jun 13, 2012 Jun 22, 2011
Marketable securities held in custody for foreign
official and international accounts (1) 3,508,176 - 301 + 48,590 3,507,851
U.S. Treasury securities 2,799,940 + 6,628 + 76,761 2,808,903
Federal agency securities (2) 708,236 - 6,928 - 28,172 698,948
Securities lent to dealers 11,247 + 374 - 17,137 10,249
Overnight facility (3) 11,247 + 374 - 17,137 10,249
U.S. Treasury securities 10,582 + 300 - 17,043 9,611
Federal agency debt securities 665 + 75 - 93 638
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, June 20, 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) 163 1,829 1,677 1,753 0 ... 5,423
U.S. Treasury securities (2)
Holdings 13,148 19,881 21,354 532,988 745,173 331,032 1,663,577
Weekly changes - 6,153 + 1,493 - 4,941 - 1,386 + 6,952 + 7,453 + 3,419
Federal agency debt securities (3)
Holdings 0 4,386 16,440 62,561 5,750 2,347 91,484
Weekly changes - 1,768 + 112 + 120 - 232 0 0 - 1,768
Mortgage-backed securities (4)
Holdings 0 0 2 7 120 867,910 868,038
Weekly changes 0 0 0 0 + 15 + 90 + 104
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) 8,747 15,467 0 0 0 0 24,215
Reverse repurchase agreements (6) 84,108 0 ... ... ... ... 84,108
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 Jun 20, 2012
Mortgage-backed securities held outright (1) 868,038
Commitments to buy mortgage-backed securities (2) 25,336
Commitments to sell mortgage-backed securities (2) 0
Cash and cash equivalents (3) 0
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 Jun 20, 2012
Net portfolio holdings of Maiden Lane LLC (1) 2,483
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,098
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 Jun 20, 2012
Net portfolio holdings of Maiden Lane II LLC (1) 18
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 0
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
March 31, 2012. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of
American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued
interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table
8 and table 9.
Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential
mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group,
Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred
payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.
6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Wednesday
Account name Jun 20, 2012
Net portfolio holdings of Maiden Lane III LLC (1) 12,255
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) 5,550
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 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 Jun 20, 2012
Asset-backed securities holdings (1) 0
Other investments, net 841
Net portfolio holdings of TALF LLC 841
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 Jun 20, 2012 Wednesday Wednesday
Assets, liabilities, and capital Jun 13, 2012 Jun 22, 2011
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 2,136 0 + 10
Securities, repurchase agreements, and loans 2,628,522 + 1,802 - 19,154
Securities held outright (1) 2,623,099 + 1,754 - 11,555
U.S. Treasury securities 1,663,577 + 3,419 + 61,614
Bills (2) 18,423 0 0
Notes and bonds, nominal (2) 1,567,459 + 1,841 + 58,087
Notes and bonds, inflation-indexed (2) 67,915 + 1,345 + 2,619
Inflation compensation (3) 9,780 + 233 + 907
Federal agency debt securities (2) 91,484 - 1,768 - 26,881
Mortgage-backed securities (4) 868,038 + 104 - 46,288
Repurchase agreements (5) 0 0 0
Loans 5,423 + 48 - 7,599
Net portfolio holdings of Maiden Lane LLC (6) 2,483 - 1,397 - 21,331
Net portfolio holdings of Maiden Lane II LLC (7) 18 - 1 - 12,492
Net portfolio holdings of Maiden Lane III LLC (8) 12,255 - 3,223 - 11,983
Net portfolio holdings of TALF LLC (9) 841 0 + 84
Items in process of collection (75) 219 + 79 - 42
Bank premises 2,363 + 1 + 153
Central bank liquidity swaps (10) 24,215 + 901 + 24,215
Other assets (11) 183,751 + 3,548 + 53,217
Total assets (75) 2,873,039 + 1,711 + 12,677
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 Jun 20, 2012 Wednesday Wednesday
Assets, liabilities, and capital Jun 13, 2012 Jun 22, 2011
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,066,758 - 463 + 85,011
Reverse repurchase agreements (12) 84,108 + 689 + 18,755
Deposits (0) 1,645,633 + 5,462 - 92,210
Term deposits held by depository institutions 0 - 3,053 - 5,087
Other deposits held by depository institutions 1,461,720 - 104,945 - 135,246
U.S. Treasury, General Account 139,880 + 103,632 + 10,186
U.S. Treasury, Supplementary Financing Account 0 0 - 5,000
Foreign official 1,575 + 2 + 1,186
Other (0) 42,459 + 9,828 + 41,752
Deferred availability cash items (75) 881 - 69 - 499
Other liabilities and accrued dividends (13) 20,990 - 3,940 - 79
Total liabilities (75) 2,818,370 + 1,680 + 10,979
Capital accounts
Capital paid in 27,334 + 15 + 849
Surplus 27,334 + 15 + 849
Other capital accounts 0 0 0
Total capital 54,669 + 31 + 1,698
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, June 20, 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 2,136 41 92 149 148 385 195 313 37 54 162 202 358
Securities, repurchase agreements,
and loans 2,628,522 63,712 1,475,903 86,714 66,696 186,690 158,187 145,524 41,020 23,887 52,705 101,928 225,556
Securities held outright (1) 2,623,099 63,710 1,470,652 86,714 66,691 186,690 158,155 145,518 41,010 23,846 52,699 101,921 225,493
U.S. Treasury securities 1,663,577 40,405 932,692 54,994 42,295 118,399 100,302 92,288 26,008 15,123 33,422 64,639 143,009
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) 1,645,155 39,958 922,363 54,385 41,827 117,088 99,191 91,266 25,720 14,956 33,052 63,923 141,425
Federal agency debt securities (2) 91,484 2,222 51,291 3,024 2,326 6,511 5,516 5,075 1,430 832 1,838 3,555 7,864
Mortgage-backed securities (4) 868,038 21,083 486,669 28,695 22,069 61,780 52,337 48,155 13,571 7,891 17,439 33,728 74,620
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 5,423 2 5,251 0 5 0 32 5 10 41 6 7 62
Net portfolio holdings of Maiden
Lane LLC (6) 2,483 0 2,483 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (7) 18 0 18 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (8) 12,255 0 12,255 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF LLC (9) 841 0 841 0 0 0 0 0 0 0 0 0 0
Items in process of collection 293 3 0 69 53 4 90 10 6 11 4 8 36
Bank premises 2,363 121 461 67 123 230 213 203 132 105 256 241 211
Central bank liquidity swaps (10) 24,215 849 7,811 2,100 1,790 5,009 1,385 646 198 99 241 388 3,699
Other assets (11) 183,751 4,764 96,574 7,477 5,909 16,678 11,032 9,450 2,714 1,594 3,451 6,623 17,485
Interdistrict settlement account 0 + 7,891 + 8,339 - 17,947 - 1,886 - 4,810 + 5,117 - 309 + 2,087 + 379 - 2,320 - 266 + 3,723
Total assets 2,873,114 77,986 1,610,419 79,276 73,585 205,488 178,210 157,100 46,657 26,411 54,967 110,132 252,884
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, June 20, 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 1,256,218 46,549 436,988 47,502 61,304 101,542 158,402 94,375 37,804 22,497 36,986 77,434 134,835
Less: Notes held by F.R. Banks 189,460 5,043 70,290 5,614 8,037 12,372 27,368 13,075 4,343 3,582 3,577 11,284 24,875
Federal Reserve notes, net 1,066,758 41,506 366,698 41,888 53,267 89,169 131,034 81,300 33,461 18,915 33,410 66,150 109,961
Reverse repurchase agreements (12) 84,108 2,043 47,155 2,780 2,138 5,986 5,071 4,666 1,315 765 1,690 3,268 7,230
Deposits 1,645,633 31,470 1,162,995 29,786 13,525 98,473 38,264 68,961 11,153 6,179 19,070 39,365 126,392
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 1,461,720 31,416 979,296 29,775 13,522 98,366 38,261 68,936 11,153 6,179 19,068 39,364 126,385
U.S. Treasury, General Account 139,880 0 139,880 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 1,575 1 1,548 3 3 8 2 1 0 0 0 1 6
Other 42,459 53 42,272 7 0 99 1 25 0 0 1 1 1
Deferred availability cash items 956 38 0 104 60 23 119 22 72 167 33 73 246
Interest on Federal Reserve notes due
to U.S. Treasury (13) 1,899 33 1,208 56 44 108 98 84 23 13 26 60 145
Other liabilities and accrued
dividends (14) 19,091 251 14,909 333 308 780 523 460 186 146 194 328 670
Total liabilities 2,818,445 75,342 1,592,966 74,948 69,343 194,539 175,109 155,494 46,211 26,184 54,423 109,244 244,644
Capital
Capital paid in 27,334 1,322 8,727 2,164 2,121 5,474 1,551 803 223 114 272 444 4,120
Surplus 27,334 1,322 8,727 2,164 2,121 5,474 1,551 803 223 114 272 444 4,120
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 2,873,114 77,986 1,610,419 79,276 73,585 205,488 178,210 157,100 46,657 26,411 54,967 110,132 252,884
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, June 20, 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 Jun 20, 2012
Federal Reserve notes outstanding 1,256,218
Less: Notes held by F.R. Banks not subject to collateralization 189,460
Federal Reserve notes to be collateralized 1,066,758
Collateral held against Federal Reserve notes 1,066,758
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,050,522
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,623,099
Less: Face value of securities under reverse repurchase agreements 71,820
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,551,279
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.
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