FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks February 24, 2011

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

Feb 23, 2011 Week ended

Feb 23, 2011

Change from week ended

Feb 16, 2011 Feb 24, 2010

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,505,378 + 13,370 + 235,936 2,516,136

Securities held outright1 2,303,929 + 16,995 + 328,645 2,315,746

U.S. Treasury securities 1,201,400 + 22,198 + 424,843 1,213,425

Bills2 18,423 0 0 18,423

Notes and bonds, nominal2 1,122,726 + 20,988 + 413,854 1,134,743

Notes and bonds, inflation-indexed2 53,863 + 1,070 + 10,086 53,863

Inflation compensation3 6,389 + 141 + 904 6,397

Federal agency debt securities2 144,154 - 396 - 21,838 144,119

Mortgage-backed securities4 958,375 - 4,807 - 74,360 958,201

Repurchase agreements5 0 0 0 0

Term auction credit 0 0 - 15,425 0

Other loans 21,908 - 186 - 65,299 21,025

Primary credit 18 - 3 - 13,942 24

Secondary credit 0 0 - 814 0

Seasonal credit 3 + 3 + 3 4

Credit extended to American International

Group, Inc., net6 0 0 - 25,473 0

Term Asset-Backed Securities Loan Facility7 21,887 - 186 - 25,073 20,997

Other credit extensions 0 0 0 0

Net portfolio holdings of Commercial Paper

Funding Facility LLC8 0 0 - 7,724 0

Net portfolio holdings of Maiden Lane LLC9 26,033 - 295 - 1,178 26,035

Net portfolio holdings of Maiden Lane II LLC10 16,044 + 6 + 556 16,046

Net portfolio holdings of Maiden Lane III LLC11 22,815 - 115 + 422 22,820

Net portfolio holdings of TALF LLC12 691 + 5 + 341 703

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC6 0 0 - 25,106 0

Float -1,435 + 188 + 279 -2,300

Central bank liquidity swaps13 70 0 + 70 70

Other Federal Reserve assets14 115,325 - 3,225 + 20,358 115,991

Gold stock 11,041 0 0 11,041

Special drawing rights certificate account 5,200 0 0 5,200

Treasury currency outstanding15 43,661 + 14 + 918 43,661

Total factors supplying reserve funds 2,565,280 + 13,384 + 236,854 2,576,038

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

1. Factors Affecting Reserve Balances of Depository Institutions (continued)

Millions of dollars

Averages of daily figures Wednesday

Feb 23, 2011 Week ended

Feb 23, 2011

Change from week ended

Feb 16, 2011 Feb 24, 2010

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation15 995,357 + 6,386 + 63,714 997,233

Reverse repurchase agreements16 57,861 - 380 + 2,557 59,484

Foreign official and international accounts 57,861 - 380 + 2,557 59,484

Others 0 0 0 0

Treasury cash holdings 181 + 2 - 23 185

Deposits with F.R. Banks, other than reserve balances 173,510 - 35,240 + 128,217 156,108

Term deposits held by depository institutions 5,070 0 + 5,070 5,070

U.S. Treasury, general account 40,558 - 5,865 + 7,667 23,123

U.S. Treasury, supplementary financing account 124,976 - 24,996 + 119,976 124,976

Foreign official 130 - 16 - 3,862 129

Service-related 2,326 - 1 - 420 2,326

Required clearing balances 2,326 - 1 - 420 2,326

Adjustments to compensate for float 0 0 0 0

Other 451 - 4,362 - 213 485

Funds from American International Group, Inc. asset

dispositions, held as agent6 0 0 0 0

Other liabilities and capital17 72,502 + 834 + 4,117 72,534

Total factors, other than reserve balances,

absorbing reserve funds 1,299,412 - 28,397 + 198,583 1,285,543

Reserve balances with Federal Reserve Banks 1,265,868 + 41,782 + 38,271 1,290,496

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

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of

the underlying mortgages.

5. Cash value of agreements.

6. As a result of the closing of the American International Group, Inc. (AIG) recapitalization plan on January 14, 2011, the credit extended to AIG

was fully repaid and the Federal Reserve’s commitment to lend any further funds was terminated. In addition, the Federal Reserve Bank of

New York (FRBNY) has been paid in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. The funds from AIG asset

dispositions that FRBNY held as agent were the source of repayment of the credit extended to AIG, as well as a portion of the

FRBNY’s preferred interests in ALICO Holdings LLC. The remaining FRBNY preferred interests in ALICO Holdings LLC and AIA Aurora

LLC, valued at approximately $20 billion, were purchased by AIG through a draw on the Treasury’s Series F preferred stock commitment

and then transferred by AIG to the Treasury as consideration for the draw on the available Series F funds.

7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

8. Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper

Funding Facility LLC.

9. Refer to table 4 and the note on consolidation accompanying table 9.

10.Refer to table 5 and the note on consolidation accompanying table 9.

11.Refer to table 6 and the note on consolidation accompanying table 9.

12.Refer to table 7 and the note on consolidation accompanying table 9.

13.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.

14.Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, and the fair value adjustment

to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the

AIG recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY’s preferred interests in AIA Aurora LLC and ALICO

Holdings LLC.

15.Estimated.

16.Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

17.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.
H.4.1

1A. Memorandum Items

Millions of dollars

Averages of daily figures Wednesday

Feb 23, 2011 Week ended

Feb 23, 2011

Change from week ended

Feb 16, 2011 Feb 24, 2010

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,388,098 + 4,146 + 423,532 3,390,855

U.S. Treasury securities 2,627,399 + 775 + 430,664 2,629,473

Federal agency securities2 760,698 + 3,370 - 7,133 761,382

Securities lent to dealers 14,919 - 3,774 + 9,840 14,209

Overnight facility3 14,919 - 3,774 + 9,840 14,209

U.S. Treasury securities 13,725 - 3,570 + 9,442 12,835

Federal agency debt securities 1,194 - 205 + 398 1,374

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, February 23, 2011

Millions of dollars

Within 15

days

16 days to

90 days

91 days to

1 year

Over 1 year

to 5 years

Over 5 years

to 10 years

Over 10

years

Remaining maturity All

Other loans1 28 0 0 20,997 0 ... 21,025

U.S. Treasury securities2

Holdings 20,574 18,186 61,118 507,120 435,528 170,899 1,213,425

Weekly changes + 2,157 - 2,155 0 + 6,693 + 17,030 - 641 + 23,084

Federal agency debt securities3

Holdings 870 24,156 18,276 69,499 28,971 2,347 144,119

Weekly changes - 246 + 1,665 - 1,665 0 0 0 - 246

Mortgage-backed securities4

Holdings 0 0 0 22 22 958,158 958,201

Weekly changes 0 0 0 0 0 - 242 - 243

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

Repurchase agreements6 0 0 ... ... ... ... 0

Central bank liquidity swaps7 70 0 0 0 0 0 70

Reverse repurchase agreements6 59,484 0 ... ... ... ... 59,484

Term deposits 5,070 0 0 ... ... ... 5,070

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.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities Purchase Program

Millions of dollars

Wednesday

Feb 23, 2011 Account name

Mortgage-backed securities held outright1 958,201

Commitments to buy mortgage-backed securities2 0

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 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

Feb 23, 2011 Account name

Net portfolio holdings of Maiden Lane LLC1 26,035

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 24,022

Accrued interest payable to the Federal Reserve Bank of New York2 646

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 1,325

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 December 31, 2010. 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

Feb 23, 2011 Account name

Net portfolio holdings of Maiden Lane II LLC1 16,046

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 12,551

Accrued interest payable to the Federal Reserve Bank of New York2 476

Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3 1,076

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 December 31, 2010. 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.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday

Feb 23, 2011 Account name

Net portfolio holdings of Maiden Lane III LLC1 22,820

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 12,434

Accrued interest payable to the Federal Reserve Bank of New York2 570

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 5,391

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 December 31, 2010. 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

Feb 23, 2011 Account name

Asset-backed securities holdings1 0

Other investments, net 703

Net portfolio holdings of TALF LLC 703

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 0

Accrued interest payable to the Federal Reserve Bank of New York2 0

Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable3 106

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.
H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Eliminations from

consolidation

Wednesday

Feb 23, 2011

Change since

Wednesday

Feb 16, 2011

Wednesday

Feb 24, 2010

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,260 - 29 + 94

Securities, repurchase agreements, term auction

credit, and other loans 2,336,771 + 21,542 + 259,678

Securities held outright1 2,315,746 + 22,596 + 340,105

U.S. Treasury securities 1,213,425 + 23,084 + 436,876

Bills2 18,423 0 0

Notes and bonds, nominal2 1,134,743 + 23,058 + 425,871

Notes and bonds, inflation-indexed2 53,863 0 + 10,086

Inflation compensation3 6,397 + 26 + 920

Federal agency debt securities2 144,119 - 246 - 22,414

Mortgage-backed securities4 958,201 - 243 - 74,359

Repurchase agreements5 0 0 0

Term auction credit 0 0 - 15,425

Other loans 21,025 - 1,053 - 65,001

Net portfolio holdings of Commercial Paper

Funding Facility LLC6 0 0 - 7,734

Net portfolio holdings of Maiden Lane LLC7 26,035 + 3 - 1,180

Net portfolio holdings of Maiden Lane II LLC8 16,046 + 3 + 554

Net portfolio holdings of Maiden Lane III LLC9 22,820 + 6 + 421

Net portfolio holdings of TALF LLC10 703 + 17 + 331

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC11 0 0 - 25,106

Items in process of collection (138) 229 + 38 - 181

Bank premises 2,219 + 2 - 23

Central bank liquidity swaps12 70 0 + 70

Other assets13 113,786 + 2,887 + 20,747

Total assets (138) 2,537,175 + 24,467 + 247,671

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)

Millions of dollars

Eliminations from

consolidation

Wednesday

Feb 23, 2011

Change since

Wednesday

Feb 16, 2011

Wednesday

Feb 24, 2010

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 956,012 + 4,583 + 63,950

Reverse repurchase agreements14 59,484 + 1,658 + 2,921

Deposits (0) 1,446,617 + 16,383 + 174,405

Term deposits held by depository institutions 5,070 0 + 5,070

Other deposits held by depository institutions 1,292,835 + 72,775 + 43,912

U.S. Treasury, general account 23,123 - 31,438 + 10,201

U.S. Treasury, supplementary financing account 124,976 - 24,996 + 119,976

Foreign official 129 + 11 - 4,504

Other (0) 485 + 31 - 248

Deferred availability cash items (138) 2,528 + 550 + 394

Other liabilities and accrued dividends15 19,499 + 1,282 + 6,250

Total liabilities (138) 2,484,141 + 24,457 + 247,922

Capital accounts

Capital paid in 26,517 + 5 + 719

Surplus 26,517 + 5 + 1,242

Other capital accounts 0 0 - 2,212

Total capital 53,035 + 11 - 250

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. Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper

Funding Facility LLC.

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.As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank of New York has been paid in full

for its	preferred interests in AIA Aurora LLC and ALICO Holdings LLC. A portion of the preferred interests was redeemed by AIG with the funds

from AIG asset dispositions that were held as agent by the Federal Reserve.

12.Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to

the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign

central bank.

13.Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to

credit extended by the Federal Reserve Bank of New York (FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

Before the closing of the AIG recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY’s preferred interests in AIA

Aurora LLC and ALICO Holdings LLC.

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. Before the

closing of the AIG recapitalization plan on January 14, 2011, included funds from American International Group, Inc. asset dispositions, held as agent.
H.4.1

9. Statement of Condition of Each Federal Reserve Bank, February 23, 2011Millions of dollars

Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minn

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 369 4,038 404 463 846 1,385 887 324 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 Coin 2,260 51 76 176 169 377 190 345 32 Securities, repurchase agreements,

term auction credit, and otherloans 2,336,771 58,604 965,944 54,098 78,679 263,738 219,133 174,576 59,651 

Securities held outright1 2,315,746 58,604 944,947 54,079 78,679 263,738 219,133 174,576 59,649 

U.S. Treasury securities 1,213,425 30,708 495,142 28,337 41,227 138,196 114,824 91,476 31,256 

Bills2 18,423 466 7,517 430 626 2,098 1,743 1,389 475 Notes and bonds3 1,195,003 30,242 487,624 27,907 40,601 136,098 113,080 90,087 30,781 

Federal agency debt securities2 144,119 3,647 58,808 3,366 4,897 16,414 13,638 10,865 3,712 

Mortgage-backed securities4 958,201 24,249 390,997 22,377 32,556 109,129 90,672 72,235 24,682 

Repurchase agreements5 0 0 0 0 0 0 0 0 0 Term auction credit 0 0 0 0 0 0 0 0 0 Other loans 21,025 0 20,997 18 0 0 0 0 2 

Net portfolio holdings of Commercial

Paper Funding Facility LLC6 0 0 0 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane LLC7 26,035 0 26,035 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane II LLC8 16,046 0 16,046 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane III LLC9 22,820 0 22,820 0 0 0 0 0 0 

Net portfolio holdings of TALF LLC10 703 0 703 0 0 0 0 0 0 

Preferred interests in AIA Aurora LLC

and ALICO Holdings LLC11 0 0 0 0 0 0 0 0 0 

Items in process of collection 367 7 0 64 126 12 -23 27 10 Bank premises 2,219 126 257 68 140 238 217 208 136 Central bank liquidity swaps12 70 2 20 7 5 14 4 2 1 Other assets13 113,786 3,156 43,173 4,625 4,937 15,419 9,773 7,219 2,502 Interdistrict settlement account 0 - 5,732 + 223,539 + 45,320 - 22,572 - 43,911 - 64,941 - 41,682 - 20,719 - 

Total assets 2,537,314 56,778 1,304,469 104,971 62,184 237,145 166,393 142,006 42,087 

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

9. Statement of Condition of Each Federal Reserve Bank, February 23, 2011 (continued)Millions of dollars

Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minn

Assets, liabilities, and capital

Liabilities

Federal Reserve notes outstanding 1,115,072 41,330 379,315 46,133 46,310 90,505 139,510 85,628 32,180 

Less: Notes held by F.R. Banks 159,059 4,741 48,144 4,905 8,368 12,339 21,710 11,511 3,805 

Federal Reserve notes, net 956,012 36,589 331,171 41,228 37,942 78,165 117,800 74,117 28,375 

Reverse repurchase agreements14 59,484 1,505 24,273 1,389 2,021 6,775 5,629 4,484 1,532 

Deposits 1,446,617 16,481 919,320 56,507 17,589 140,231 39,031 61,307 11,402 

Term deposits held by depository

institutions 5,070 14 2,651 800 10 515 0 293 50 

Other deposits held by depository

institutions 1,292,835 16,464 768,213 55,702 17,575 139,607 39,029 60,980 11,298 

U.S. Treasury, general account 23,123 0 23,123 0 0 0 0 0 0 U.S. Treasury, supplementary

financing account 124,976 0 124,976 0 0 0 0 0 0 

Foreign official 129 1 100 4 3 8 2 1 0 Other 485 2 257 1 1 101 0 34 53 

Deferred availability cash items 2,667 114 0 396 322 104 184 155 105 Interest on Federal Reserve notes due

to U.S. Treasury15 1,803 51 678 65 78 236 165 119 40 

Other liabilities and accrued

dividends16 17,696 204 13,639 235 296 760 581 488 205 

Total liabilities 2,484,279 54,944 1,289,081 99,820 58,248 226,270 163,390 140,671 41,658 Capital

Capital paid in 26,517 917 7,694 2,576 1,968 5,437 1,501 667 215 Surplus 26,517 917 7,694 2,576 1,968 5,437 1,501 667 215 Other capital 0 0 0 0 0 0 0 0 0 

Total liabilities and capital 2,537,314 56,778 1,304,469 104,971 62,184 237,145 166,393 142,006 42,087 

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

9. Statement of Condition of Each Federal Reserve Bank, February 23, 2011 (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 securitie4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mort5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.6. Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper Funding Facilit7. Refer to table 4 and the note on consolidation below.8. Refer to table 5 and the note on consolidation below.9. Refer to table 6 and the note on consolidation below.10.Refer to table 7 and the note on consolidation below.11.As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank of New York has been paid in full for its preferred inte

Holdings LLC. A portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were held as agent by the Federal Res

12.Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign centr

equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.

13.Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by 

of New York (FRBNY) to eligible	borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on Janudividends on the FRBNY’s preferred interests in AIA Aurora LLC and ALICO Holdings LLC.

14.Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.15.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 

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 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 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 and the amount necessary to equate surplus with capital paid-in.

16.Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New Y

recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below. Before the closing of the AIG recapitincluded funds from American International Group, Inc. asset dispositions, held as agent.

Note on consolidation:The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Resewas 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 multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contractwas extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio 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 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 FacilitThe 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 respoTALF 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 Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNcondition 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 (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 LLCsin this table (and table 1 and table 8).
H.4.1

10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents’ Accounts

Millions of dollars

Wednesday

Feb 23, 2011 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,115,072

Less: Notes held by F.R. Banks not subject to collateralization 159,059

Federal Reserve notes to be collateralized 956,012

Collateral held against Federal Reserve notes 956,012

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 939,776

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,315,746

Less: Face value of securities under reverse repurchase agreements 58,155

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,257,590

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.