FRB: H.4.1 Release--Factors Affecting Reserve Balances--September 6, 2012

FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
September 6, 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 Sep 5, 2012
Federal Reserve Banks Sep 5, 2012 Aug 29, 2012 Sep 7, 2011

Reserve Bank credit 2,798,012 - 5,627 - 42,835 2,804,244
Securities held outright (1) 2,574,490 - 3,695 - 74,808 2,579,781
U.S. Treasury securities 1,643,594 + 5,259 - 10,983 1,648,862
Bills (2) 0 0 - 18,423 0
Notes and bonds, nominal (2) 1,563,207 + 5,281 + 3,299 1,568,492
Notes and bonds, inflation-indexed (2) 70,435 0 + 3,681 70,435
Inflation compensation (3) 9,952 - 23 + 460 9,935
Federal agency debt securities (2) 87,210 0 - 22,566 87,210
Mortgage-backed securities (4) 843,687 - 8,953 - 41,258 843,710
Repurchase agreements (5) 0 0 0 0
Loans 2,435 - 161 - 9,237 2,497
Primary credit 151 + 119 + 149 255
Secondary credit 0 0 0 0
Seasonal credit 133 - 14 + 55 121
Term Asset-Backed Securities Loan Facility (6) 2,152 - 265 - 9,440 2,121
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (7) 1,911 + 37 - 16,323 1,915
Net portfolio holdings of Maiden Lane II LLC (8) 61 0 - 9,916 61
Net portfolio holdings of Maiden Lane III LLC (9) 1,585 + 26 - 19,754 1,585
Net portfolio holdings of TALF LLC (10) 851 0 + 76 851
Float -691 - 90 + 413 -1,166
Central bank liquidity swaps (11) 23,442 - 2,241 + 23,442 23,442
Other Federal Reserve assets (12) 193,927 + 496 + 63,272 195,276
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (13) 44,662 + 14 + 600 44,662

Total factors supplying reserve funds 2,858,915 - 5,614 - 42,235 2,865,147

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 Sep 5, 2012
Federal Reserve Banks Sep 5, 2012 Aug 29, 2012 Sep 7, 2011

Currency in circulation (13) 1,127,869 + 8,745 + 85,998 1,129,018
Reverse repurchase agreements (14) 92,945 + 127 - 10,483 89,848
Foreign official and international accounts 92,945 + 127 - 10,483 89,848
Others 0 0 0 0
Treasury cash holdings 118 - 8 - 5 120
Deposits with F.R. Banks, other than reserve balances 53,380 - 29,677 - 15,260 51,974
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 30,048 + 4,854 + 9,856 26,561
U.S. Treasury, Supplementary Financing Account 0 0 0 0
Foreign official 5,134 + 44 + 698 5,084
Service-related 0 0 - 2,475 0
Required clearing balances 0 0 - 2,475 0
Adjustments to compensate for float 0 0 0 0
Other 18,198 - 34,574 - 23,339 20,329
Other liabilities and capital (15) 66,439 - 649 - 4,737 65,805

Total factors, other than reserve balances,
absorbing reserve funds 1,340,751 - 21,461 + 55,513 1,336,765

Reserve balances with Federal Reserve Banks 1,518,165 + 15,848 - 97,747 1,528,382

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 Sep 5, 2012
Memorandum item Sep 5, 2012 Aug 29, 2012 Sep 7, 2011

Marketable securities held in custody for foreign
official and international accounts (1) 3,578,713 + 11,108 + 101,152 3,573,562
U.S. Treasury securities 2,878,468 + 10,591 + 134,184 2,873,162
Federal agency securities (2) 700,245 + 517 - 33,032 700,400
Securities lent to dealers 5,207 - 993 - 6,401 5,188
Overnight facility (3) 5,207 - 993 - 6,401 5,188
U.S. Treasury securities 4,566 - 1,008 - 6,532 4,639
Federal agency debt securities 641 + 15 + 132 549

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, September 5, 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) 322 323 771 1,081 0 ... 2,497
U.S. Treasury securities (2)
Holdings 0 928 4,713 492,051 785,689 365,481 1,648,862
Weekly changes - 3,556 + 100 - 99 + 1,856 + 7,523 + 3,625 + 9,449
Federal agency debt securities (3)
Holdings 112 7,815 13,570 58,956 4,410 2,347 87,210
Weekly changes + 112 - 112 0 0 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 4 3 286 843,417 843,710
Weekly changes 0 0 + 2 - 1 + 18 + 95 + 113
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) 16,156 7,287 0 0 0 0 23,442

Reverse repurchase agreements (6) 89,848 0 ... ... ... ... 89,848
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 Sep 5, 2012

Mortgage-backed securities held outright (1) 843,710

Commitments to buy mortgage-backed securities (2) 50,506
Commitments to sell mortgage-backed securities (2) 0

Cash and cash equivalents (3) 65

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 Sep 5, 2012

Net portfolio holdings of Maiden Lane LLC (1) 1,915

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) 487

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
June 30, 2012. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
and accrued dividends in table 8 and table 9.

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

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

Net portfolio holdings of Maiden Lane II LLC (1) 61

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

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
June 30, 2012. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of
American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued
interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table
8 and table 9.

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

6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Wednesday
Account name Sep 5, 2012

Net portfolio holdings of Maiden Lane III LLC (1) 1,585

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 Sep 5, 2012

Asset-backed securities holdings (1) 0
Other investments, net 851
Net portfolio holdings of TALF LLC 851

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3) 112

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

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

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

8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Eliminations from Wednesday Change since
consolidation Sep 5, 2012 Wednesday Wednesday
Assets, liabilities, and capital Aug 29, 2012 Sep 7, 2011

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 2,135 - 15 - 60
Securities, repurchase agreements, and loans 2,582,278 + 9,638 - 79,704
Securities held outright (1) 2,579,781 + 9,561 - 70,539
U.S. Treasury securities 1,648,862 + 9,449 - 6,737
Bills (2) 0 0 - 18,423
Notes and bonds, nominal (2) 1,568,492 + 9,478 + 7,567
Notes and bonds, inflation-indexed (2) 70,435 0 + 3,681
Inflation compensation (3) 9,935 - 30 + 438
Federal agency debt securities (2) 87,210 0 - 22,566
Mortgage-backed securities (4) 843,710 + 113 - 41,235
Repurchase agreements (5) 0 0 0
Loans 2,497 + 77 - 9,164
Net portfolio holdings of Maiden Lane LLC (6) 1,915 + 7 - 16,342
Net portfolio holdings of Maiden Lane II LLC (7) 61 0 - 9,895
Net portfolio holdings of Maiden Lane III LLC (8) 1,585 0 - 19,821
Net portfolio holdings of TALF LLC (9) 851 0 + 76
Items in process of collection (114) 206 + 143 - 125
Bank premises 2,349 - 8 + 166
Central bank liquidity swaps (10) 23,442 - 2,241 + 23,442
Other assets (11) 192,928 + 1,824 + 64,107

Total assets (114) 2,823,988 + 9,350 - 38,156

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 Sep 5, 2012 Wednesday Wednesday
Assets, liabilities, and capital Aug 29, 2012 Sep 7, 2011

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,086,606 + 5,437 + 85,081
Reverse repurchase agreements (12) 89,848 - 2,803 - 12,908
Deposits (0) 1,580,357 + 6,448 - 104,828
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 1,528,383 - 2,804 - 81,854
U.S. Treasury, General Account 26,561 + 1,540 + 3,720
U.S. Treasury, Supplementary Financing Account 0 0 0
Foreign official 5,084 0 + 1,842
Other (0) 20,329 + 7,713 - 28,536
Deferred availability cash items (114) 1,372 + 540 - 826
Other liabilities and accrued dividends (13) 11,170 - 238 - 7,407

Total liabilities (114) 2,769,353 + 9,384 - 40,888

Capital accounts
Capital paid in 27,317 - 17 + 1,366
Surplus 27,317 - 17 + 1,366
Other capital accounts 0 0 0

Total capital 54,635 - 34 + 2,732

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, September 5, 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 2,135 47 95 147 146 381 197 317 36 52 162 204 351
Securities, repurchase agreements,
and loans 2,582,278 62,661 1,448,487 85,282 65,589 183,607 155,545 143,124 40,351 23,516 51,848 100,497 221,771
Securities held outright (1) 2,579,781 62,658 1,446,366 85,282 65,589 183,607 155,543 143,115 40,332 23,453 51,829 100,238 221,770
U.S. Treasury securities 1,648,862 40,048 924,442 54,508 41,921 117,352 99,415 91,472 25,778 14,990 33,126 64,067 141,744
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 1,648,862 40,048 924,442 54,508 41,921 117,352 99,415 91,472 25,778 14,990 33,126 64,067 141,744
Federal agency debt securities (2) 87,210 2,118 48,895 2,883 2,217 6,207 5,258 4,838 1,363 793 1,752 3,389 7,497
Mortgage-backed securities (4) 843,710 20,492 473,030 27,891 21,451 60,048 50,870 46,805 13,191 7,670 16,950 32,782 72,529
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 2,497 3 2,121 0 0 0 2 9 18 64 19 260 1
Net portfolio holdings of Maiden
Lane LLC (6) 1,915 0 1,915 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (7) 61 0 61 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (8) 1,585 0 1,585 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF LLC (9) 851 0 851 0 0 0 0 0 0 0 0 0 0
Items in process of collection 321 3 0 59 46 27 89 14 4 7 6 8 56
Bank premises 2,349 121 455 67 122 229 213 203 130 104 254 240 210
Central bank liquidity swaps (10) 23,442 822 7,562 2,033 1,733 4,849 1,340 625 192 96 233 376 3,581
Other assets (11) 192,928 4,987 101,716 7,779 6,149 17,336 11,599 9,966 2,856 1,679 3,636 6,947 18,278
Interdistrict settlement account 0 + 2,063 - 51,804 - 12,770 + 3,263 - 16,932 + 28,864 - 874 + 3,454 + 1,495 - 1,141 - 2,068 + 46,450

Total assets 2,824,103 71,307 1,516,566 83,245 77,801 190,800 199,837 154,638 47,485 27,231 55,467 107,211 292,514

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, September 5, 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 1,292,434 45,840 450,694 47,558 61,391 102,173 174,747 94,516 37,356 22,581 36,443 80,854 138,279
Less: Notes held by F.R. Banks 205,828 4,848 80,637 5,700 8,305 11,963 26,049 13,100 4,062 3,489 3,616 19,500 24,561
Federal Reserve notes, net 1,086,606 40,993 370,057 41,859 53,087 90,211 148,698 81,416 33,294 19,092 32,827 61,355 113,718
Reverse repurchase agreements (12) 89,848 2,182 50,374 2,970 2,284 6,395 5,417 4,984 1,405 817 1,805 3,491 7,724
Deposits 1,580,357 25,182 1,071,474 33,636 17,828 82,458 41,805 66,206 12,100 6,813 20,047 41,023 161,785
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 1,528,383 25,178 1,019,764 33,612 17,826 82,276 41,797 66,178 12,099 6,813 20,046 41,016 161,778
U.S. Treasury, General Account 26,561 0 26,561 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 5,084 1 5,057 3 3 8 2 1 0 0 0 1 6
Other 20,329 2 20,091 21 0 174 5 26 0 0 1 6 1
Deferred availability cash items 1,487 63 0 150 69 59 317 30 56 136 47 129 430
Interest on Federal Reserve notes due
to U.S. Treasury (13) 1,363 30 738 49 37 109 108 68 19 13 26 53 113
Other liabilities and accrued
dividends (14) 9,808 199 6,464 255 242 616 419 381 164 131 163 273 501

Total liabilities 2,769,468 68,649 1,499,107 78,918 73,547 179,847 196,764 153,085 47,037 27,002 54,916 106,324 284,272

Capital
Capital paid in 27,317 1,329 8,730 2,163 2,127 5,476 1,537 776 224 114 275 444 4,121
Surplus 27,317 1,329 8,730 2,163 2,127 5,476 1,537 776 224 114 275 444 4,121
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 2,824,103 71,307 1,516,566 83,245 77,801 190,800 199,837 154,638 47,485 27,231 55,467 107,211 292,514

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, September 5, 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 Sep 5, 2012

Federal Reserve notes outstanding 1,292,434
Less: Notes held by F.R. Banks not subject to collateralization 205,828
Federal Reserve notes to be collateralized 1,086,606
Collateral held against Federal Reserve notes 1,086,606
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,070,369
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,579,781
Less: Face value of securities under reverse repurchase agreements 76,429
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,503,353

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