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

For release at
4:30 P.M. EDT
July 19, 2012

As stated in the press release on April 5, 2012, the Federal Reserve Board is in the process of
simplifying the administration of reserve requirements. The first steps in this process include
discontinuing as-of adjustments related to deposit revisions, replacing all other as-of adjustments
with direct compensation, and eliminating the contractual clearing balance program. As a result, the
Wednesday levels for line items "Required clearing balances" and "Adjustments to compensate for
float" will be reported as zero beginning with the July 19, 2012, release.

FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
July 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 Jul 18, 2012
Federal Reserve Banks Jul 18, 2012 Jul 11, 2012 Jul 20, 2011

Reserve Bank credit 2,857,227 + 8,166 + 2,371 2,842,008
Securities held outright (1) 2,612,597 + 2,120 - 38,839 2,602,738
U.S. Treasury securities 1,654,395 - 9,554 + 22,594 1,648,694
Bills (2) 8,356 - 6,285 - 10,067 8,356
Notes and bonds, nominal (2) 1,566,921 - 4,428 + 28,266 1,561,338
Notes and bonds, inflation-indexed (2) 69,172 + 1,068 + 3,651 69,086
Inflation compensation (3) 9,946 + 91 + 743 9,914
Federal agency debt securities (2) 91,289 - 195 - 23,338 91,029
Mortgage-backed securities (4) 866,913 + 11,869 - 38,095 863,015
Repurchase agreements (5) 0 0 0 0
Loans 4,624 + 32 - 7,880 4,568
Primary credit 65 + 57 + 59 23
Secondary credit 0 0 0 0
Seasonal credit 94 + 14 + 18 107
Term Asset-Backed Securities Loan Facility (6) 4,465 - 39 - 7,957 4,438
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (7) 2,366 - 52 - 18,807 2,028
Net portfolio holdings of Maiden Lane II LLC (8) 18 0 - 11,436 18
Net portfolio holdings of Maiden Lane III LLC (9) 11,765 - 1,187 - 11,869 6,164
Net portfolio holdings of TALF LLC (10) 845 0 + 88 845
Float -649 + 100 + 426 -779
Central bank liquidity swaps (11) 30,552 + 844 + 30,552 30,552
Other Federal Reserve assets (12) 195,108 + 6,309 + 60,135 195,875
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (13) 44,599 + 14 + 620 44,599

Total factors supplying reserve funds 2,918,067 + 8,180 + 2,991 2,902,848

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Jul 18, 2012
Federal Reserve Banks Jul 18, 2012 Jul 11, 2012 Jul 20, 2011

Currency in circulation (13) 1,113,126 - 4,043 + 84,802 1,112,601
Reverse repurchase agreements (14) 90,915 + 988 + 25,209 87,994
Foreign official and international accounts 90,915 + 988 + 25,209 87,994
Others 0 0 0 0
Treasury cash holdings 116 - 1 - 37 117
Deposits with F.R. Banks, other than reserve balances 98,797 - 14,851 - 12,556 93,296
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 63,021 - 23,379 - 27,698 58,670
U.S. Treasury, Supplementary Financing Account 0 0 - 5,000 0
Foreign official 2,568 + 576 + 2,426 2,576
Service-related 0 - 1,892 - 2,530 0
Required clearing balances 0 - 1,892 - 2,530 0
Adjustments to compensate for float 0 0 0 0
Other 33,207 + 9,844 + 20,245 32,050
Other liabilities and capital (15) 75,203 + 189 + 2,725 68,151

Total factors, other than reserve balances,
absorbing reserve funds 1,378,158 - 17,717 + 100,144 1,362,159

Reserve balances with Federal Reserve Banks 1,539,909 + 25,898 - 97,153 1,540,689

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

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
remaining principal balance of the underlying mortgages.
5. Cash value of agreements.
6. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term
Asset-Backed Securities Loan Facility.
7. Refer to table 4 and the note on consolidation accompanying table 9.
8. Refer to table 5 and the note on consolidation accompanying table 9.
9. Refer to table 6 and the note on consolidation accompanying table 9.
10. Refer to table 7 and the note on consolidation accompanying table 9.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
the foreign currency is returned to the foreign central bank. This exchange rate equals the market
exchange rate used when the foreign currency was acquired from the foreign central bank.
12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange
rates, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the
Term Asset-Backed Securities Loan Facility.
13. Estimated.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
securities, and mortgage-backed securities.
15. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to
entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only
to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation
accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S.
Treasury. Refer to table 8 and table 9.

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

1A. Memorandum Items
Millions of dollars
Averages of daily figures Wednesday
Week ended Change from week ended Jul 18, 2012
Memorandum item Jul 18, 2012 Jul 11, 2012 Jul 20, 2011

Marketable securities held in custody for foreign
official and international accounts (1) 3,515,368 + 1,685 + 61,423 3,515,248
U.S. Treasury securities 2,821,917 + 5,633 + 102,028 2,822,728
Federal agency securities (2) 693,451 - 3,948 - 40,605 692,521
Securities lent to dealers 11,458 - 1,519 - 2,953 10,553
Overnight facility (3) 11,458 - 1,519 - 2,953 10,553
U.S. Treasury securities 10,720 - 1,537 - 3,088 9,803
Federal agency debt securities 738 + 19 + 135 750

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

1. Face value of the securities. Includes U.S. Treasury STRIPS and other zero-coupon bonds at face value and
mortgage-backed securities at original face value.
2. Includes debt and mortgage-backed securities.
3. Fully collateralized by U.S. Treasury securities.

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, July 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) 111 1,501 1,392 1,564 0 ... 4,568
U.S. Treasury securities (2)
Holdings 9,995 12,588 12,604 512,408 757,892 343,207 1,648,694
Weekly changes - 4,840 - 1,639 + 1 - 14,661 + 3,563 + 3,634 - 13,943
Federal agency debt securities (3)
Holdings 0 8,283 16,225 58,424 5,750 2,347 91,029
Weekly changes - 455 + 659 + 2,000 - 2,659 0 0 - 455
Mortgage-backed securities (4)
Holdings 0 0 2 6 159 862,849 863,015
Weekly changes 0 0 0 0 + 38 + 7,924 + 7,961
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) 10,342 20,210 0 0 0 0 30,552

Reverse repurchase agreements (6) 87,994 0 ... ... ... ... 87,994
Term deposits 0 0 0 ... ... ... 0

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

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III
LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation
under generally accepted accounting principles.
2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of
inflation on the original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal
balance of the underlying mortgages.
5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.
6. Cash value of agreements.
7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency
is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was
acquired from the foreign central bank.

3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Wednesday
Account name Jul 18, 2012

Mortgage-backed securities held outright (1) 863,015

Commitments to buy mortgage-backed securities (2) 30,102
Commitments to sell mortgage-backed securities (2) 0

Cash and cash equivalents (3) 237

1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal
balance of the underlying mortgages.
2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls,
and coupon swaps.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8 and table 9.

4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Wednesday
Account name Jul 18, 2012

Net portfolio holdings of Maiden Lane LLC (1) 2,028

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) 704

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
March 31, 2012. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
and accrued dividends in table 8 and table 9.

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

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

Net portfolio holdings of Maiden Lane II LLC (1) 18

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 0

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
March 31, 2012. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of
American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued
interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table
8 and table 9.

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

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

Net portfolio holdings of Maiden Lane III LLC (1) 6,164

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector
collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written
credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the
related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to
AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.

7. Information on Principal Accounts of TALF LLC
Millions of dollars
Wednesday
Account name Jul 18, 2012

Asset-backed securities holdings (1) 0
Other investments, net 845
Net portfolio holdings of TALF LLC 845

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

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

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

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in
connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed
securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest.
Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF
LLC, by the interest received on investments of TALF LLC, by up to $1.4 billion in subordinated debt funding provided by the U.S.
Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio
holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S.
Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the
U.S. Treasury.

8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Eliminations from Wednesday Change since
consolidation Jul 18, 2012 Wednesday Wednesday
Assets, liabilities, and capital Jul 11, 2012 Jul 20, 2011

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 2,103 + 6 - 64
Securities, repurchase agreements, and loans 2,607,306 - 6,460 - 57,536
Securities held outright (1) 2,602,738 - 6,437 - 49,573
U.S. Treasury securities 1,648,694 - 13,943 + 14,601
Bills (2) 8,356 - 6,285 - 10,067
Notes and bonds, nominal (2) 1,561,338 - 7,443 + 20,421
Notes and bonds, inflation-indexed (2) 69,086 - 151 + 3,565
Inflation compensation (3) 9,914 - 64 + 682
Federal agency debt securities (2) 91,029 - 455 - 23,007
Mortgage-backed securities (4) 863,015 + 7,961 - 41,167
Repurchase agreements (5) 0 0 0
Loans 4,568 - 22 - 7,963
Net portfolio holdings of Maiden Lane LLC (6) 2,028 - 395 - 18,716
Net portfolio holdings of Maiden Lane II LLC (7) 18 0 - 11,443
Net portfolio holdings of Maiden Lane III LLC (8) 6,164 - 6,823 - 17,354
Net portfolio holdings of TALF LLC (9) 845 0 + 88
Items in process of collection (64) 149 + 25 - 115
Bank premises 2,359 + 1 + 158
Central bank liquidity swaps (10) 30,552 + 844 + 30,552
Other assets (11) 190,114 + 2,291 + 57,095

Total assets (64) 2,857,874 - 10,513 - 17,337

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Eliminations from Wednesday Change since
consolidation Jul 18, 2012 Wednesday Wednesday
Assets, liabilities, and capital Jul 11, 2012 Jul 20, 2011

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,070,218 - 3,514 + 82,594
Reverse repurchase agreements (12) 87,994 - 1,695 + 23,299
Deposits (0) 1,630,583 + 349 - 119,234
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 1,537,287 + 9,731 - 89,910
U.S. Treasury, General Account 58,670 - 16,617 - 37,752
U.S. Treasury, Supplementary Financing Account 0 0 - 5,000
Foreign official 2,576 + 10 + 2,398
Other (0) 32,050 + 7,225 + 11,030
Deferred availability cash items (64) 928 - 27 - 389
Other liabilities and accrued dividends (13) 13,474 - 5,630 - 6,611

Total liabilities (64) 2,803,198 - 10,515 - 20,340

Capital accounts
Capital paid in 27,338 + 1 + 1,502
Surplus 27,338 + 1 + 1,502
Other capital accounts 0 0 0

Total capital 54,676 + 2 + 3,003

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

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 4 and the note on consolidation accompanying table 9.
7. Refer to table 5 and the note on consolidation accompanying table 9.
8. Refer to table 6 and the note on consolidation accompanying table 9.
9. Refer to table 7 and the note on consolidation accompanying table 9.
10. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange
rate used when the foreign currency was acquired from the foreign central bank.
11. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates
and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to
eligible borrowers through the Term Asset-Backed Securities Loan Facility.
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
securities, and mortgage-backed securities.
13. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to
entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to
the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation
accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S.
Treasury.

9. Statement of Condition of Each Federal Reserve Bank, July 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 11,037 408 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 2,103 40 84 144 146 380 196 311 34 52 162 204 350
Securities, repurchase agreements,
and loans 2,607,306 63,216 1,463,675 86,041 66,173 185,241 156,943 144,399 40,718 23,712 52,297 101,139 223,753
Securities held outright (1) 2,602,738 63,216 1,459,237 86,041 66,173 185,241 156,927 144,389 40,691 23,661 52,290 101,130 223,743
U.S. Treasury securities 1,648,694 40,044 924,347 54,502 41,917 117,340 99,405 91,462 25,776 14,988 33,123 64,060 141,729
Bills (2) 8,356 203 4,685 276 212 595 504 464 131 76 168 325 718
Notes and bonds (3) 1,640,338 39,841 919,663 54,226 41,705 116,745 98,901 90,999 25,645 14,912 32,955 63,736 141,011
Federal agency debt securities (2) 91,029 2,211 51,036 3,009 2,314 6,479 5,488 5,050 1,423 828 1,829 3,537 7,825
Mortgage-backed securities (4) 863,015 20,961 483,853 28,529 21,942 61,422 52,034 47,876 13,492 7,846 17,338 33,533 74,189
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 4,568 0 4,438 0 0 0 16 11 27 51 7 9 10
Net portfolio holdings of Maiden
Lane LLC (6) 2,028 0 2,028 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) 6,164 0 6,164 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF LLC (9) 845 0 845 0 0 0 0 0 0 0 0 0 0
Items in process of collection 213 3 0 46 29 3 57 13 6 7 3 9 36
Bank premises 2,359 122 459 67 123 230 212 203 132 104 255 242 211
Central bank liquidity swaps (10) 30,552 1,071 9,855 2,650 2,259 6,320 1,747 815 250 125 304 489 4,667
Other assets (11) 190,114 4,918 100,233 7,641 6,056 17,082 11,416 9,813 2,826 1,658 3,586 6,879 18,007
Interdistrict settlement account 0 + 8,034 + 15,271 - 18,087 - 2,393 - 19,006 + 15,227 + 593 + 2,283 + 1,020 - 2,394 - 1,710 + 1,162

Total assets 2,857,938 78,006 1,604,273 79,149 73,145 191,551 187,789 157,410 46,712 26,960 54,681 108,260 250,003

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

9. Statement of Condition of Each Federal Reserve Bank, July 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 1,268,145 46,216 440,963 47,165 61,260 101,941 167,885 93,905 37,638 22,621 36,727 77,241 134,583
Less: Notes held by F.R. Banks 197,927 4,868 76,368 5,446 7,866 12,466 28,305 12,923 4,282 3,451 3,635 13,582 24,735
Federal Reserve notes, net 1,070,218 41,349 364,595 41,719 53,395 89,475 139,580 80,982 33,356 19,171 33,092 63,659 109,848
Reverse repurchase agreements (12) 87,994 2,137 49,334 2,909 2,237 6,263 5,305 4,882 1,376 800 1,768 3,419 7,564
Deposits 1,630,583 31,590 1,163,575 29,774 12,936 84,123 39,103 69,430 11,264 6,460 19,046 39,870 123,412
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 1,537,287 31,586 1,070,409 29,767 12,933 84,053 39,096 69,403 11,263 6,460 19,045 39,868 123,405
U.S. Treasury, General Account 58,670 0 58,670 0 0 0 0 0 0 0 0 0 0
U.S. Treasury, Supplementary
Financing Account 0 0 0 0 0 0 0 0 0 0 0 0 0
Foreign official 2,576 1 2,549 3 3 8 2 1 0 0 0 1 6
Other 32,050 3 31,947 4 0 62 5 25 0 0 1 2 1
Deferred availability cash items 992 31 0 104 50 17 159 26 76 149 29 70 281
Interest on Federal Reserve notes due
to U.S. Treasury (13) 1,754 37 987 64 50 141 105 89 25 7 29 63 158
Other liabilities and accrued
dividends (14) 11,720 202 8,328 253 235 597 436 398 170 145 170 288 500

Total liabilities 2,803,262 75,346 1,586,820 74,822 68,903 180,614 184,688 155,806 46,265 26,732 54,134 107,369 241,763

Capital
Capital paid in 27,338 1,330 8,727 2,164 2,121 5,468 1,551 802 223 114 273 445 4,120
Surplus 27,338 1,330 8,727 2,164 2,121 5,468 1,551 802 223 114 273 445 4,120
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 2,857,938 78,006 1,604,273 79,149 73,145 191,551 187,789 157,410 46,712 26,960 54,681 108,260 250,003

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

9. Statement of Condition of Each Federal Reserve Bank, July 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. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals
the market exchange rate used when the foreign currency was acquired from the foreign central bank.
11. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank of New York
(FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility.
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
13. Represents the estimated weekly remittances to U.S Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to
capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the
Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which
requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the
amount necessary to equate surplus with capital paid-in.
14. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have
recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.

Note on consolidation:

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

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

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

Federal Reserve notes outstanding 1,268,145
Less: Notes held by F.R. Banks not subject to collateralization 197,927
Federal Reserve notes to be collateralized 1,070,218
Collateral held against Federal Reserve notes 1,070,218
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,053,981
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,602,738
Less: Face value of securities under reverse repurchase agreements 74,160
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,528,578

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