FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks January 13, 2011

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

Jan 12, 2011 Week ended

Jan 12, 2011

Change from week ended

 Jan 5, 2011 Jan 13, 2010

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,432,403 + 21,587 + 206,684 2,450,648

Securities held outright1 2,183,358 + 19,795 + 327,044 2,200,533

U.S. Treasury securities 1,044,725 + 20,763 + 268,125 1,062,061

Bills2 18,423 0 0 18,423

Notes and bonds, nominal2 970,291 + 19,301 + 262,642 987,625

Notes and bonds, inflation-indexed2 49,743 + 1,387 + 5,100 49,743

Inflation compensation3 6,269 + 75 + 383 6,271

Federal agency debt securities2 146,492 - 968 - 14,201 146,331

Mortgage-backed securities4 992,141 0 + 73,120 992,141

Repurchase agreements5 0 0 0 0

Term auction credit 0 0 - 75,918 0

Other loans 44,443 - 264 - 43,552 43,959

Primary credit 23 - 77 - 17,477 87

Secondary credit 0 0 - 966 0

Seasonal credit 10 - 6 + 9 10

Credit extended to American International

Group, Inc., net6 19,925 + 6 - 2,285 19,675

Term Asset-Backed Securities Loan Facility7 24,486 - 187 - 22,833 24,187

Other credit extensions 0 0 0 0

Net portfolio holdings of Commercial Paper

Funding Facility LLC8 0 0 - 14,081 0

Net portfolio holdings of Maiden Lane LLC9 27,009 + 35 + 272 27,006

Net portfolio holdings of Maiden Lane II LLC10 15,943 - 182 + 540 15,946

Net portfolio holdings of Maiden Lane III LLC11 23,213 + 61 + 863 23,279

Net portfolio holdings of TALF LLC12 665 0 + 367 665

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC13 26,385 + 47 + 1,279 26,385

Float -1,695 + 1 + 348 -1,677

Central bank liquidity swaps14 70 - 5 - 8,126 70

Other Federal Reserve assets15 113,012 + 2,099 + 17,647 114,480

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding16 43,577 + 14 + 851 43,577

Total factors supplying reserve funds 2,492,221 + 21,601 + 207,535 2,510,466

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

Jan 12, 2011 Week ended

Jan 12, 2011

Change from week ended

 Jan 5, 2011 Jan 13, 2010

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation16 978,237 - 4,501 + 57,771 978,135

Reverse repurchase agreements17 53,554 - 5,862 - 9,236 53,271

Foreign official and international accounts 53,554 - 5,862 - 9,236 53,271

Others 0 0 0 0

Treasury cash holdings 182 + 5 - 71 194

Deposits with F.R. Banks, other than reserve balances 297,410 - 29,797 + 122,498 286,450

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, general account 89,107 - 26,279 - 47,275 75,569

U.S. Treasury, supplementary financing account 199,963 - 1 + 194,962 199,963

Foreign official 3,762 + 384 + 651 3,748

Service-related 2,378 0 - 642 2,378

Required clearing balances 2,378 0 - 642 2,378

Adjustments to compensate for float 0 0 0 0

Other 2,201 - 3,901 - 25,196 4,793

Funds from American International Group, Inc. asset

dispositions, held as agent18 26,896 0 + 26,896 26,896

Other liabilities and capital19 69,856 - 2,574 + 2,839 70,019

Total factors, other than reserve balances,

absorbing reserve funds 1,426,135 - 42,729 + 200,697 1,414,965

Reserve balances with Federal Reserve Banks 1,066,086 + 64,330 + 6,838 1,095,500

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 outstanding principal and capitalized interest net of unamortized deferred commitment fees and allowance for loan restructuring.

Excludes credit extended to consolidated LLCs.

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 10.

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

11.Refer to table 6 and the note on consolidation accompanying table 10.

12.Refer to table 7 and the note on consolidation accompanying table 10.

13.Refer to table 8.

14.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.

15.Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, accrued dividends on the Federal

Reserve Bank of New York’s (FRBNY) preferred interests in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit

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

16.Estimated.

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

18.Pending the closing of the recapitalization plan announced by American International Group, Inc. (AIG) on September 30, 2010, the cash proceeds

from the disposition of certain AIG assets will be held by the FRBNY as agent. At the closing of the recapitalization plan, the proceeds will be used

first to repay in full the credit extended to AIG by the FRBNY under the revolving credit facility and then to retire a portion of the FRBNY’s preferred

interests in AIA Aurora LLC and ALICO Holdings LLC (preferred interests). Alternatively, if the recapitalization plan is terminated under the terms of

the plan, then the proceeds from the initial public offering of AIA and the sale of ALICO will be used to redeem the preferred interests in accordance

with the AIA Aurora LLC	and ALICO Holdings LLC limited liability company agreements, and any excess proceeds from these transactions, as well

as proceeds from the disposition of other assets, will be used to repay the credit extended to AIG under the revolving credit facility.

19.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 10. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Refer to table 9

and table 10.

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

Jan 12, 2011 Week ended

Jan 12, 2011

Change from week ended

 Jan 5, 2011 Jan 13, 2010

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,350,473 + 6,216 + 399,716 3,345,858

U.S. Treasury securities 2,616,142 + 5,855 + 432,365 2,611,389

Federal agency securities2 734,331 + 362 - 32,650 734,469

Securities lent to dealers 12,726 - 6,733 + 3,032 11,880

Overnight facility3 12,726 - 6,733 + 3,032 11,880

U.S. Treasury securities 11,433 - 6,555 + 2,251 10,732

Federal agency debt securities 1,293 - 178 + 781 1,148

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, January 12, 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 87 10 0 43,862 0 ... 43,959

U.S. Treasury securities2

Holdings 17,451 17,168 54,254 452,608 359,108 161,472 1,062,061

Weekly changes + 3,867 - 3,867 0 + 13,012 + 16,562 + 1,502 + 31,076

Federal agency debt securities3

Holdings 1,707 13,736 28,645 69,299 30,597 2,347 146,331

Weekly changes + 132 + 346 + 144 - 1,751 0 0 - 1,129

Mortgage-backed securities4

Holdings 0 0 0 24 22 992,095 992,141

Weekly changes 0 0 0 0 0 0 0

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 53,271 0 ... ... ... ... 53,271

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.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities Purchase Program

Millions of dollars

Wednesday

Jan 12, 2011 Account name

Mortgage-backed securities held outright1 992,141

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 9 and table 10.

4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Wednesday

Jan 12, 2011 Account name

Net portfolio holdings of Maiden Lane LLC1 27,006

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 25,228

Accrued interest payable to the Federal Reserve Bank of New York2 624

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 1,317

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 September 30, 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 10.

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 9 and table 10.

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

Jan 12, 2011 Account name

Net portfolio holdings of Maiden Lane II LLC1 15,946

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 12,777

Accrued interest payable to the Federal Reserve Bank of New York2 457

Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3 1,072

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 September 30, 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 10.

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 9 and table 10.

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

Jan 12, 2011 Account name

Net portfolio holdings of Maiden Lane III LLC1 23,279

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 13,526

Accrued interest payable to the Federal Reserve Bank of New York2 551

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 5,371

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 September 30, 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 10.

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 9 and table 10.

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

Jan 12, 2011 Account name

Asset-backed securities holdings1 0

Other investments, net 665

Net portfolio holdings of TALF LLC 665

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 10.

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 9

and table 10.

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. Supplemental Information on the Federal Reserve Bank of New York’s Preferred Interests in

AIA Aurora LLC and ALICO Holdings LLC

Millions of dollars

Wednesday

Jan 12, 2011 Account name

Preferred interests in AIA Aurora LLC and ALICO Holdings LLC1 26,385

Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC2 43

Preferred interests in AIA Aurora LLC1 16,887

Accrued dividends on preferred interests in AIA Aurora LLC2 28

Preferred interests in ALICO Holdings LLC1 9,499

Accrued dividends on preferred interests in ALICO Holdings LLC2 16

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

1. Book value.

2. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 9 and table 10.

Note on preferred interests:

In conjunction with the restructuring of the government’s assistance to American International Group, Inc. (AIG) announced March 2, 2009, the

outstanding balance and amount available of revolving credit provided to AIG by the FRBNY has been reduced in exchange for preferred interests in two

special purpose vehicles, AIA Aurora LLC and ALICO Holdings LLC. These two limited liability companies were created to directly or indirectly hold all

of the outstanding common stock of American International Assurance Company Ltd. (AIA) and American Life Insurance Company (ALICO), two life

insurance subsidiaries of AIG. AIG will retain control of AIA Aurora LLC and ALICO Holdings LLC, and the FRBNY will have certain consent, disposition,

and conversion rights with respect to its preferred interests.

Dividends accrue as a percentage of the FRBNY’s preferred interests in AIA Aurora LLC and ALICO Holdings LLC. On a quarterly basis, the accrued

dividends are capitalized and added to the FRBNY’s preferred interests in AIA Aurora LLC and ALICO Holdings LLC.
H.4.1

9. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Eliminations from

consolidation

Wednesday

Jan 12, 2011

Change since

Wednesday

 Jan 5, 2011

Wednesday

Jan 13, 2010

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,214 + 23 + 116

Securities, repurchase agreements, term auction

credit, and other loans 2,244,493 + 29,292 + 176,794

Securities held outright1 2,200,533 + 29,947 + 294,511

U.S. Treasury securities 1,062,061 + 31,076 + 285,458

Bills2 18,423 0 0

Notes and bonds, nominal2 987,625 + 31,071 + 279,976

Notes and bonds, inflation-indexed2 49,743 0 + 5,100

Inflation compensation3 6,271 + 6 + 382

Federal agency debt securities2 146,331 - 1,129 - 14,498

Mortgage-backed securities4 992,141 0 + 23,551

Repurchase agreements5 0 0 0

Term auction credit 0 0 - 75,918

Other loans 43,959 - 656 - 41,801

Net portfolio holdings of Commercial Paper

Funding Facility LLC6 0 0 - 14,092

Net portfolio holdings of Maiden Lane LLC7 27,006 - 3 + 264

Net portfolio holdings of Maiden Lane II LLC8 15,946 + 4 + 542

Net portfolio holdings of Maiden Lane III LLC9 23,279 + 77 + 878

Net portfolio holdings of TALF LLC10 665 0 + 367

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC11 26,385 0 + 1,279

Items in process of collection (99) 421 + 141 + 93

Bank premises 2,220 + 1 - 22

Central bank liquidity swaps12 70 - 5 - 5,825

Other assets13 112,224 + 2,658 + 15,824

Total assets (99) 2,471,159 + 32,187 + 176,217

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

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

Millions of dollars

Eliminations from

consolidation

Wednesday

Jan 12, 2011

Change since

Wednesday

 Jan 5, 2011

Wednesday

Jan 13, 2010

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 936,962 - 3,343 + 57,742

Reverse repurchase agreements14 53,271 - 4,284 - 11,095

Deposits (1) 1,381,913 + 39,252 + 105,680

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 1,097,841 + 64,672 - 37,404

U.S. Treasury, general account 75,569 - 30,144 - 48,606

U.S. Treasury, supplementary financing account 199,963 - 1 + 194,962

Foreign official 3,748 + 318 + 864

Other (1) 4,793 + 4,408 - 4,134

Deferred availability cash items (98) 2,098 - 386 - 781

Other liabilities and accrued dividends15 43,862 + 944 + 23,942

Total liabilities (99) 2,418,106 + 32,182 + 175,488

Capital accounts

Capital paid in 26,526 + 2 + 874

Surplus 26,526 + 2 + 1,230

Other capital accounts 0 0 - 1,375

Total capital 53,053 + 5 + 729

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 10.

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

9. Refer to table 6 and the note on consolidation accompanying table 10.

10.Refer to table 7 and the note on consolidation accompanying table 10.

11.Refer to table 8.

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, accrued dividends on the Federal

Reserve Bank of New York’s (FRBNY) preferred interests in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit

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

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 10. Also includes funds from American International Group, Inc. asset dispositions, held as agent.

Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Refer to table 10.
H.4.1

10. Statement of Condition of Each Federal Reserve Bank, January 12, 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 2,214 47 71 176 167 358 189 342 36 Securities, repurchase agreements,

term auction credit, and otherloans 2,244,493 55,706 941,796 51,389 74,765 250,661 208,231 165,909 56,682 

Securities held outright1 2,200,533 55,688 897,934 51,389 74,765 250,617 208,231 165,890 56,682 

U.S. Treasury securities 1,062,061 26,877 433,377 24,802 36,084 120,957 100,500 80,065 27,357 

Bills2 18,423 466 7,517 430 626 2,098 1,743 1,389 475 Notes and bonds3 1,043,638 26,411 425,860 24,372 35,458 118,859 98,757 78,676 26,882 

Federal agency debt securities2 146,331 3,703 59,711 3,417 4,972 16,666 13,847 11,031 3,769 

Mortgage-backed securities4 992,141 25,108 404,846 23,169 33,709 112,994 93,884 74,794 25,556 

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 43,959 18 43,862 0 0 44 0 19 0 

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 27,006 0 27,006 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane II LLC8 15,946 0 15,946 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane III LLC9 23,279 0 23,279 0 0 0 0 0 0 

Net portfolio holdings of TALF LLC10 665 0 665 0 0 0 0 0 0 

Preferred interests in AIA Aurora LLC

and ALICO Holdings LLC11 26,385 0 26,385 0 0 0 0 0 0 

Items in process of collection 520 6 0 62 69 10 136 42 10 Bank premises 2,220 127 256 68 140 239 218 208 136 Central bank liquidity swaps12 70 3 20 8 5 19 4 2 1 Other assets13 112,224 3,160 42,745 4,823 4,847 17,003 9,778 7,119 2,491 Interdistrict settlement account 0 - 8,253 + 230,805 + 12,776 - 18,921 - 30,764 - 53,251 - 33,815 - 18,533 - 

Total assets 2,471,258 51,359 1,314,831 69,915 61,772 238,783 167,345 141,119 41,297 

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

10. Statement of Condition of Each Federal Reserve Bank, January 12, 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 1,119,972 41,138 382,824 45,611 46,019 90,368 140,574 86,384 32,407 

Less: Notes held by F.R. Banks 183,010 4,976 63,693 5,047 8,232 13,399 20,659 12,718 4,522 

Federal Reserve notes, net 936,962 36,161 319,131 40,564 37,787 76,969 119,915 73,666 27,885 

Reverse repurchase agreements14 53,271 1,348 21,737 1,244 1,810 6,067 5,041 4,016 1,372 

Deposits 1,381,914 11,730 918,762 22,523 17,588 144,059 38,631 61,434 11,333 

Term deposits held by depository

institutions 0 0 0 0 0 0 0 0 0 

Other deposits held by depository

institutions 1,097,841 11,727 634,869 22,518 17,584 144,010 38,628 61,407 11,277 

U.S. Treasury, general account 75,569 0 75,569 0 0 0 0 0 0 U.S. Treasury, supplementary

financing account 199,963 0 199,963 0 0 0 0 0 0 

Foreign official 3,748 1 3,719 4 3 11 2 1 0 Other 4,794 2 4,642 1 1 38 1 27 56 

Deferred availability cash items 2,196 76 0 278 387 81 100 146 59 Interest on Federal Reserve notes due

to U.S. Treasury15 1,204 31 574 -22 33 84 122 99 36 

Other liabilities and accrued

dividends16 42,658 180 39,260 190 231 645 497 412 181 

Total liabilities 2,418,205 49,527 1,299,465 64,776 57,837 227,905 164,305 139,774 40,867 Capital

Capital paid in 26,526 916 7,683 2,570 1,968 5,439 1,520 673 215 Surplus 26,526 916 7,683 2,570 1,968 5,439 1,520 673 215 Other capital 0 0 0 0 0 0 0 0 0 

Total liabilities and capital 2,471,258 51,359 1,314,831 69,915 61,772 238,783 167,345 141,119 41,297 

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

10. Statement of Condition of Each Federal Reserve Bank, January 12, 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.Refer to table 8.12.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, accrued dividends on the Federal Reserve Bank o

preferred interests in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through thLoan Facility.

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. Also includes funds from American Idispositions, 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 9), 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 9).
H.4.1

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

Millions of dollars

Wednesday

Jan 12, 2011 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,119,972

Less: Notes held by F.R. Banks not subject to collateralization 183,010

Federal Reserve notes to be collateralized 936,962

Collateral held against Federal Reserve notes 936,962

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 920,725

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,200,533

Less: Face value of securities under reverse repurchase agreements 44,064

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,156,469

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.