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
Reserve Bank credit, related items, and                         Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended   Change from week ended   Feb 23, 2011
Federal Reserve Banks                                     Feb 23, 2011 Feb 16, 2011 Feb 24, 2010
 
Reserve Bank credit                                        2,505,378   +   13,370   +  235,936    2,516,136
  Securities held outright (1)                             2,303,929   +   16,995   +  328,645    2,315,746
    U.S. Treasury securities                               1,201,400   +   22,198   +  424,843    1,213,425
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                         1,122,726   +   20,988   +  413,854    1,134,743
      Notes and bonds, inflation-indexed (2)                  53,863   +    1,070   +   10,086       53,863
      Inflation compensation (3)                               6,389   +      141   +      904        6,397
    Federal agency debt securities (2)                       144,154   -      396   -   21,838      144,119
    Mortgage-backed securities (4)                           958,375   -    4,807   -   74,360      958,201
  Repurchase agreements (5)                                        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., net (6)                                        0            0   -   25,473            0
    Term Asset-Backed Securities Loan Facility (7)            21,887   -      186   -   25,073       20,997
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (8)                                      0            0   -    7,724            0
  Net portfolio holdings of Maiden Lane LLC (9)               26,033   -      295   -    1,178       26,035
  Net portfolio holdings of Maiden Lane II LLC (10)           16,044   +        6   +      556       16,046
  Net portfolio holdings of Maiden Lane III LLC (11)          22,815   -      115   +      422       22,820
  Net portfolio holdings of TALF LLC (12)                        691   +        5   +      341          703
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (6)                                              0            0   -   25,106            0
  Float                                                       -1,435   +      188   +      279       -2,300
  Central bank liquidity swaps (13)                               70            0   +       70           70
  Other Federal Reserve assets (14)                          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 outstanding (15)                            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.

 
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   Feb 23, 2011
Federal Reserve Banks                                     Feb 23, 2011 Feb 16, 2011 Feb 24, 2010
 
Currency in circulation (15)                                 995,357   +    6,386   +   63,714      997,233
Reverse repurchase agreements (16)                            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 agent (6)                                 0            0            0            0
Other liabilities and capital (17)                            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.

 
1A. Memorandum Items
Millions of dollars
                                                                Averages of daily figures         Wednesday  
                                                           Week ended   Change from week ended   Feb 23, 2011
Memorandum item                                           Feb 23, 2011 Feb 16, 2011 Feb 24, 2010
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 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 securities (2)                              760,698   +    3,370   -    7,133      761,382
Securities lent to dealers                                    14,919   -    3,774   +    9,840       14,209
  Overnight facility (3)                                      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    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    
 
Other loans (1)                               28            0            0       20,997            0           ...       21,025
U.S. Treasury securities (2)
  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 securities (3)
  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 securities (4)
  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 LLC (5)                                0            0            0            0            0             0            0
Repurchase agreements (6)                      0            0          ...          ...          ...           ...            0
Central bank liquidity swaps (7)              70            0            0            0            0             0           70

Reverse repurchase agreements (6)         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.

 
3. Supplemental Information on Mortgage-Backed Securities Purchase Program
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Feb 23, 2011 
 
Mortgage-backed securities held outright (1)                                                                             958,201

Commitments to buy mortgage-backed securities (2)                                                                              0
Commitments to sell mortgage-backed securities (2)                                                                             0

Cash and cash equivalents (3)                                                                                                  0
 
1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal
   balance of the underlying mortgages.
2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls,
   and coupon swaps.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8 and table 9.

 
4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Feb 23, 2011 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                             26,035

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 24,022
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         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   
Account name                                                                                                           Feb 23, 2011 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                          16,046

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 12,551
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         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.

 
6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Feb 23, 2011 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         22,820

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 12,434
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         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   
Account name                                                                                                           Feb 23, 2011 
 
Asset-backed securities holdings (1)                                                                                           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 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)                                        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.

 
8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation   Feb 23, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Feb 16, 2011 Feb 24, 2010
 
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 outright (1)                                         2,315,746    +   22,596   +  340,105
      U.S. Treasury securities                                           1,213,425    +   23,084   +  436,876
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                     1,134,743    +   23,058   +  425,871
        Notes and bonds, inflation-indexed (2)                              53,863             0   +   10,086
        Inflation compensation (3)                                           6,397    +       26   +      920
      Federal agency debt securities (2)                                   144,119    -      246   -   22,414
      Mortgage-backed securities (4)                                       958,201    -      243   -   74,359
    Repurchase agreements (5)                                                    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 LLC (6)                                                    0             0   -    7,734
  Net portfolio holdings of Maiden Lane LLC (7)                             26,035    +        3   -    1,180
  Net portfolio holdings of Maiden Lane II LLC (8)                          16,046    +        3   +      554
  Net portfolio holdings of Maiden Lane III LLC (9)                         22,820    +        6   +      421
  Net portfolio holdings of TALF LLC (10)                                      703    +       17   +      331
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (11)                                                           0             0   -   25,106
  Items in process of collection                            (138)              229    +       38   -      181
  Bank premises                                                              2,219    +        2   -       23
  Central bank liquidity swaps (12)                                             70             0   +       70
  Other assets (13)                                                        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.

 
8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation   Feb 23, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Feb 16, 2011 Feb 24, 2010
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                         956,012    +    4,583   +   63,950
  Reverse repurchase agreements (14)                                        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 dividends (15)                              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.


 
9. Statement of Condition of Each Federal Reserve Bank,  February 23, 2011
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         369       4,038         404         463         846       1,385         887         324         203         296         652       1,170
  Special drawing rights certificate acct.       5,200         196       1,818         210         237         412         654         424         150          90         153         282         574
  Coin                                           2,260          51          76         176         169         377         190         345          32          62         163         239         381
  Securities, repurchase agreements,
     term auction credit, and other
     loans                                   2,336,771      58,604     965,944      54,098      78,679     263,738     219,133     174,576      59,651      31,708      79,439      97,239     253,960
    Securities held outright (1)             2,315,746      58,604     944,947      54,079      78,679     263,738     219,133     174,576      59,649      31,702      79,439      97,239     253,959
      U.S. Treasury securities               1,213,425      30,708     495,142      28,337      41,227     138,196     114,824      91,476      31,256      16,612      41,625      50,952     133,072
        Bills (2)                               18,423         466       7,517         430         626       2,098       1,743       1,389         475         252         632         774       2,020
        Notes and bonds (3)                  1,195,003      30,242     487,624      27,907      40,601     136,098     113,080      90,087      30,781      16,359      40,993      50,179     131,051
      Federal agency debt securities (2)       144,119       3,647      58,808       3,366       4,897      16,414      13,638      10,865       3,712       1,973       4,944       6,052      15,805
      Mortgage-backed securities (4)           958,201      24,249     390,997      22,377      32,556     109,129      90,672      72,235      24,682      13,118      32,870      40,235     105,082
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Term auction credit                              0           0           0           0           0           0           0           0           0           0           0           0           0
    Other loans                                 21,025           0      20,997          18           0           0           0           0           2           6           0           0           1
  Net portfolio holdings of Commercial
     Paper Funding Facility LLC (6)                  0           0           0           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane LLC (7)                               26,035           0      26,035           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (8)                            16,046           0      16,046           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (9)                           22,820           0      22,820           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (10)          703           0         703           0           0           0           0           0           0           0           0           0           0
  Preferred interests in AIA Aurora LLC
     and ALICO Holdings LLC (11)                     0           0           0           0           0           0           0           0           0           0           0           0           0
  Items in process of collection                   367           7           0          64         126          12         -23          27          10          51          31          23          38
  Bank premises                                  2,219         126         257          68         140         238         217         208         136         107         264         246         213
  Central bank liquidity swaps (12)                 70           2          20           7           5          14           4           2           1           2           1           1          11
  Other assets (13)                            113,786       3,156      43,173       4,625       4,937      15,419       9,773       7,219       2,502       2,043       3,237       4,085      13,617
  Interdistrict settlement account                   0   -   5,732   + 223,539   +  45,320   -  22,572   -  43,911   -  64,941   -  41,682   -  20,719   -   4,804   -  23,449   -   7,593   -  33,456

Total assets                                 2,537,314      56,778   1,304,469     104,971      62,184     237,145     166,393     142,006      42,087      29,462      60,135      95,176     236,508
 
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,  February 23, 2011 (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          1,115,072      41,330     379,315      46,133      46,310      90,505     139,510      85,628      32,180      19,715      32,975      75,310     126,160
    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       5,331       3,407      10,277      24,522
      Federal Reserve notes, net               956,012      36,589     331,171      41,228      37,942      78,165     117,800      74,117      28,375      14,384      29,568      65,033     101,638
  Reverse repurchase agreements (14)            59,484       1,505      24,273       1,389       2,021       6,775       5,629       4,484       1,532         814       2,041       2,498       6,523
  Deposits                                   1,446,617      16,481     919,320      56,507      17,589     140,231      39,031      61,307      11,402      12,001      27,587      26,357     118,805
    Term deposits held by depository
       institutions                              5,070          14       2,651         800          10         515           0         293          50          16           3           0         719
    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      11,981      27,582      26,356     118,048
    U.S. Treasury, general account              23,123           0      23,123           0           0           0           0           0           0           0           0           0           0
    U.S. Treasury, supplementary
       financing account                       124,976           0     124,976           0           0           0           0           0           0           0           0           0           0
    Foreign official                               129           1         100           4           3           8           2           1           0           1           0           1           6
    Other                                          485           2         257           1           1         101           0          34          53           3           1           0          32
  Deferred availability cash items               2,667         114           0         396         322         104         184         155         105         446         162         148         532
  Interest on Federal Reserve notes due
     to U.S. Treasury (15)                       1,803          51         678          65          78         236         165         119          40          31          55          67         218
  Other liabilities and accrued
     dividends (16)                             17,696         204      13,639         235         296         760         581         488         205         147         213         297         632

Total liabilities                            2,484,279      54,944   1,289,081      99,820      58,248     226,270     163,390     140,671      41,658      27,823      59,626      94,399     228,349

Capital
  Capital paid in                               26,517         917       7,694       2,576       1,968       5,437       1,501         667         215         820         255         388       4,080
  Surplus                                       26,517         917       7,694       2,576       1,968       5,437       1,501         667         215         820         255         388       4,080
  Other capital                                      0           0           0           0           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      29,462      60,135      95,176     236,508
 
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,  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 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 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 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. 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.
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 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. Before the closing of the AIG recapitalization plan on January 14,
    2011, included 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 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                                                       Feb 23, 2011 
 
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 pledged (1,2)                   939,776
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     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.