For Release at
4:30 P.M. Eastern time
April 1, 2010


The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and 
Condition Statement of Federal Reserve Banks," has been modified to reflect a revision to the loan 
restructuring adjustment associated with the revolving credit extended to American International Group, 
Inc. (AIG).  In addition, the release has been modified to incorporate fair value adjustments associated 
with the Term Asset-Backed Securities Loan Facility (TALF).  

Consistent with generally accepted accounting principles (GAAP), the AIG revolving credit extension has 
been reduced by a revision of $1,255 million to the loan restructuring adjustment.  The restructuring 
adjustment is related to the loan modification that eliminated the floor on the Libor rate, announced on 
March 2, 2009, and that was first incorporated in reported figures beginning with the July 30, 2009, H.4.1 
release.  The restructuring adjustment recognizes the economic effect of the reduced interest rate on the 
revolving credit facility and will be amortized over the remaining term of the credit extension. The revised 
restructuring adjustment incorporates quarterly updates as of December 31, 2009, of estimates of factors 
such as interest rates and future cash flow streams that are used to value the original loan restructuring 
adjustment.  The Federal Reserve expects that the credit extension, including interest and commitment fees
under the modified terms, will be fully repaid.

The weekly average balance of the credit extended to AIG shown in table 1 reflects holdings from March 25, 
2010, through Wednesday, March 31, 2010.*  The balance for the first six days of this reporting week reflects 
the loan restructuring adjustment prior to its revision.  The balance for the final day of the reporting week
reflects the revised loan restructuring adjustment.  

Several items on the release have been modified to include fair value adjustments associated with the TALF.  
A fair value adjustment to the TALF loans extended by FRBNY is recorded in "Other Federal Reserve assets" in 
table 1 and "Other assets" in table 10 and in table 11.  This fair value adjustment of $557 million reflects 
the value of the future interest received by FRBNY that is paid to the TALF LLC to provide credit protection.
The adjustment is substantially offset by a corresponding increase in the fair value of the liability to the 
U.S. Treasury related to its beneficial interest in the TALF LLC recorded in "Other liabilities and capital" 
in table 1 and "Other liabilities" in table 10 and in table 11.  The fair value adjustments associated with 
the TALF will be updated quarterly. 



* This cover note was revised to reflect the correct dates of the reporting week.  The original cover note 
listed the dates for the previous reporting week.



FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                                April 1, 2010
 
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   Mar 31, 2010
Federal Reserve Banks                                     Mar 31, 2010 Mar 24, 2010  Apr 1, 2009
 
Reserve Bank credit                                        2,290,403   -    7,424   +  244,230    2,289,758
  Securities held outright (1)                             2,014,288   -    3,372   +1,240,791    2,014,390
    U.S. Treasury securities                                 776,691   +       38   +  290,472      776,705
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                           708,872            0   +  284,513      708,872
      Notes and bonds, inflation-indexed (2)                  43,777            0   +    4,399       43,777
      Inflation compensation (3)                               5,619   +       38   +    1,559        5,633
    Federal agency debt securities (2)                       168,988   +    1,500   +  118,135      168,988
    Mortgage-backed securities (4)                         1,068,609   -    4,910   +  832,185    1,068,697
  Repurchase agreements (5)                                        0            0            0            0
  Term auction credit                                          3,410            0   -  463,868        3,410
  Other loans                                                 81,814   -    2,697   -   53,478       80,711
    Primary credit                                             7,664   -    3,086   -   52,071        7,508
    Secondary credit                                             600            0   +      600          600
    Seasonal credit                                                4   -        2   +        1            5
    Primary dealer and other broker-dealer credit (6)              0            0   -   19,488            0
    Asset-Backed Commercial Paper Money Market
       Mutual Fund Liquidity Facility                              0            0   -    6,650            0
    Credit extended to American International
       Group, Inc., net (7)                                   26,222   +    1,039   -   18,490       25,377
    Term Asset-Backed Securities Loan Facility (8)            47,324   -      648   +   42,621       47,221
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (9)                                  7,779   +       12   -  236,518        7,786
  Net portfolio holdings of Maiden Lane LLC (10)              27,323   +       32   +    1,028       27,364
  Net portfolio holdings of Maiden Lane II LLC (11)           15,352   +       13   -    3,106       15,405
  Net portfolio holdings of Maiden Lane III LLC (12)          22,143   +        7   -    5,504       22,150
  Net portfolio holdings of TALF LLC (13)                        404   +        4   +      404          404
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (14)                                        25,150   +       44   +   25,150       25,416
  Float                                                       -1,700   -       80   +      587       -1,625
  Central bank liquidity swaps (15)                                0            0   -  309,828            0
  Other Federal Reserve assets (16)                           94,440   -    1,389   +   48,573       94,346
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0   +    3,000        5,200
Treasury currency outstanding (17)                            42,839   +       14   +      578       42,839

Total factors supplying reserve funds                      2,349,483   -    7,410   +  247,808    2,348,838
 
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   Mar 31, 2010
Federal Reserve Banks                                     Mar 31, 2010 Mar 24, 2010  Apr 1, 2009
 
Currency in circulation (17)                                 932,786   +       92   +   30,182      934,684
Reverse repurchase agreements (18)                            56,599   +      187   -   12,887       57,766
  Foreign official and international accounts                 56,599   +      187   -   12,887       57,766
  Dealers                                                          0            0            0            0
Treasury cash holdings                                           224   +        6   -       87          223
Deposits with F.R. Banks, other than reserve balances        168,898   -    4,187   -  100,937      240,316
  U.S. Treasury, general account                              35,896   -   31,707   -   11,233       91,519
  U.S. Treasury, supplementary financing account             124,979   +   24,996   -   74,955      124,979
  Foreign official                                             2,256   -      161   +    1,146        1,668
  Service-related                                              2,687   -        6   -    1,741        2,687
    Required clearing balances                                 2,687   -        6   -    1,741        2,687
    Adjustments to compensate for float                            0            0            0            0
  Other                                                        3,080   +    2,692   -   14,155       19,463
Other liabilities and capital (19)                            65,948   -    1,120   +   10,474       64,994

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,224,455   -    5,022   -   73,255    1,297,983

Reserve balances with Federal Reserve Banks                1,125,028   -    2,388   +  321,063    1,050,855
 
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to
   table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
   securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
   remaining principal balance of the underlying mortgages.
5. Cash value of agreements.
6. Includes credit extended through the Primary Dealer Credit Facility and credit extended to certain other
   broker-dealers.
7. Includes outstanding principal and capitalized interest net of unamortized deferred commitment fees and
   allowance for loan restructuring. Excludes credit extended to consolidated LLCs.
8. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term
   Asset-Backed Securities Loan Facility.
9.  Refer to table 7 and the note on consolidation accompanying table 11.
10. Refer to table 4 and the note on consolidation accompanying table 11.
11. Refer to table 5 and the note on consolidation accompanying table 11.
12. Refer to table 6 and the note on consolidation accompanying table 11.
13. Refer to table 8 and the note on consolidation accompanying table 11.
14. Refer to table 9.
15. 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.
16. 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.
17. Estimated.
18. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt
    securities.
19. Includes the liabilities of Commercial Paper Funding Facility LLC, 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 8 and the note on consolidation accompanying table 11.

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   Mar 31, 2010
Memorandum item                                           Mar 31, 2010 Mar 24, 2010  Apr 1, 2009
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,019,750   +    7,238   +  410,421    3,025,268
  U.S. Treasury securities                                 2,240,566   +      695   +  440,939    2,244,417
  Federal agency securities (2)                              779,185   +    6,544   -   30,518      780,850
Securities lent to dealers                                     7,124   +    2,925   -   83,612       13,504
  Overnight facility (3)                                       7,124   +    2,925   +    2,038       13,504
    U.S. Treasury securities                                   5,769   +    2,555   +      683       12,216
    Federal agency debt securities                             1,355   +      370   +    1,355        1,288
  Term facility (4)                                                0            0   -   85,650            0
 
Note: Components may not sum to totals because of rounding.

1. Face value of the securities. Includes U.S. Treasury STRIPS, other zero-coupon bonds, and mortgage-backed
   securities at face value.
2. Includes debt and mortgage-backed securities.
3. Fully collateralized by U.S. Treasury securities.
4. U.S. Treasury securities only. Fully collateralized by U.S. Treasury securities, federal agency
   securities, and other highly rated debt securities.

 
2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities,     March 31, 2010
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    
 
Term auction credit                        3,410            0          ...          ...          ...           ...        3,410
Other loans (1)                            8,110            4            0       72,598            0           ...       80,711
U.S. Treasury securities (2)
  Holdings                                18,140       18,694       48,552      331,962      215,414       143,942      776,705
  Weekly changes                      -      493   -    3,496   +    4,934   -    2,015   +    1,091    +       16   +       38
Federal agency debt securities (3)
  Holdings                                    85        4,141       32,267       95,618       34,530         2,347      168,988
  Weekly changes                      +       85   +      767   -      852   +    1,500            0             0   +    1,500
Mortgage-backed securities (4)
  Holdings                                     0            0            0           33           21     1,068,643    1,068,697
  Weekly changes                               0            0            0   -        1            0    -    5,103   -    5,103
Commercial paper held by
   Commercial Paper Funding
   Facility LLC (5)                            0        2,966            0          ...          ...           ...        2,966
Asset-backed securities held by
   TALF LLC (6)                                0            0            0            0            0             0            0
Repurchase agreements (7)                      0            0          ...          ...          ...           ...            0

Reverse repurchase agreements (7)         57,766            0          ...          ...          ...           ...       57,766
 
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 Commercial Paper Funding Facility LLC, 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 commercial paper held by Commercial Paper Funding Facility LLC.
6. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.
7. Cash value of agreements.

 
3. Supplemental Information on Mortgage-Backed Securities Purchase Program
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Mar 31, 2010 
 
Mortgage-backed securities held outright (1)                                                                           1,068,697

Commitments to buy mortgage-backed securities (2)                                                                        103,740
Commitments to sell mortgage-backed securities (2)                                                                             0

Cash and cash equivalents (3)                                                                                                 70
 
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 as well as
   dollar rolls.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 10 and table 11.

 
4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Mar 31, 2010 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                             27,364

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 28,820
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         457
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,264
 
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, 2009. 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 11.
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 10 and table 11.

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                                                                                                           Mar 31, 2010 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                          15,405

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 14,970
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         313
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                    1,045
 
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, 2009. 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 11.
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
   10 and table 11.

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                                                                                                           Mar 31, 2010 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         22,150

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 16,929
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         394
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,235
 
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, 2009. 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 11.
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 10 and table 11.

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 Commercial Paper Funding Facility LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Mar 31, 2010 
 
Commercial paper holdings, net (1)                                                                                         2,916
Other investments, net                                                                                                     4,870
Net portfolio holdings of Commercial Paper Funding Facility LLC                                                            7,786

Memorandum: Commercial paper holdings, face value                                                                          2,966

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  2,942
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                           1
 
1. Book value, which includes amortized cost and related fees.
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 11.

Note: On October 27, 2008, the Federal Reserve Bank of New York began extending loans under the authority of section 13(3) of the
Federal Reserve Act to Commercial Paper Funding Facility LLC. This LLC is a limited liability company formed to purchase three-month
U.S. dollar-denominated commercial paper from eligible issuers and thereby foster liquidity in short-term funding markets and
increase the availability of credit for businesses and households.

 
8. Information on Principal Accounts of TALF LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Mar 31, 2010 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       404
Net portfolio holdings of TALF LLC                                                                                           404

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)                                        103
 
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 11.
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 10 and table 11.

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 $20 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.

 
9. 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   
Account name                                                                                                           Mar 31, 2010 
 
Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (1)                                                          25,416
Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC (2)                                          0

Preferred interests in AIA Aurora LLC (1)                                                                                 16,266
Accrued dividends on preferred interests in AIA Aurora LLC (2)                                                                 0

Preferred interests in ALICO Holdings LLC (1)                                                                              9,150
Accrued dividends on preferred interests in ALICO Holdings LLC (2)                                                             0
 
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 10 and table 11.

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.

 
10. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation   Mar 31, 2010   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Mar 24, 2010  Apr 1, 2009
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0   +    3,000
  Coin                                                                       2,083    -       15   +      246
  Securities, repurchase agreements, term auction
     credit, and other loans                                             2,098,511    -    5,103   +  715,566
    Securities held outright (1)                                         2,014,390    -    3,565   +1,231,807
      U.S. Treasury securities                                             776,705    +       38   +  284,375
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                       708,872             0   +  278,418
        Notes and bonds, inflation-indexed (2)                              43,777             0   +    4,399
        Inflation compensation (3)                                           5,633    +       38   +    1,557
      Federal agency debt securities (2)                                   168,988    +    1,500   +  115,372
      Mortgage-backed securities (4)                                     1,068,697    -    5,103   +  832,060
    Repurchase agreements (5)                                                    0             0            0
    Term auction credit                                                      3,410             0   -  463,868
    Other loans                                                             80,711    -    1,538   -   52,373
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (6)                                                7,786    +       10   -  241,945
  Net portfolio holdings of Maiden Lane LLC (7)                             27,364    +       47   +    1,028
  Net portfolio holdings of Maiden Lane II LLC (8)                          15,405    +       62   -    3,111
  Net portfolio holdings of Maiden Lane III LLC (9)                         22,150    +        8   -    5,511
  Net portfolio holdings of TALF LLC (10)                                      404             0   +      404
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (11)                                                      25,416    +      310   +   25,416
  Items in process of collection                             (51)              496    +      311   +       11
  Bank premises                                                              2,241    +        2   +       58
  Central bank liquidity swaps (12)                                              0             0   -  308,792
  Other assets (13)                                                         92,439    -    1,625   +   43,747

Total assets                                                 (51)        2,310,533    -    5,992   +  230,118
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
10. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation   Mar 31, 2010   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Mar 24, 2010  Apr 1, 2009
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                         894,146    +    1,111   +   29,629
  Reverse repurchase agreements (14)                                        57,766    +    3,047   -   10,140
  Deposits                                                    (0)        1,291,505    -    9,379   +  201,589
    Depository institutions                                              1,053,876    -   93,871   +  216,413
    U.S. Treasury, general account                                          91,519    +   41,415   +   53,765
    U.S. Treasury, supplementary financing account                         124,979    +   24,996   -   74,955
    Foreign official                                                         1,668    -      752   +      822
    Other                                                     (0)           19,463    +   18,834   +    5,544
  Deferred availability cash items                           (51)            2,122    -       23   -    1,146
  Other liabilities and accrued dividends (15)                              12,755    +       51   +    3,487

Total liabilities                                            (51)        2,258,294    -    5,193   +  223,420

Capital accounts
  Capital paid in                                                           26,255    +        8   +    3,695
  Surplus                                                                   24,845    -      476   +    3,689
  Other capital accounts                                                     1,138    -      331   -      686

Total capital                                                               52,239    -      798   +    6,699
 
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to
   table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
   securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
   remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 7 and the note on consolidation accompanying table 11.
7. Refer to table 4 and the note on consolidation accompanying table 11.
8. Refer to table 5 and the note on consolidation accompanying table 11.
9.  Refer to table 6 and the note on consolidation accompanying table 11.
10. Refer to table 8 and the note on consolidation accompanying table 11.
11. Refer to table 9.
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 and federal agency debt
    securities.
15. Includes the liabilities of Commercial Paper Funding Facility LLC, 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
    8 and the note on consolidation accompanying table 11.


 
11. Statement of Condition of Each Federal Reserve Bank,     March 31, 2010
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         412       3,895         450         467         882       1,356         911         329         197         335         621       1,182
  Special drawing rights certificate acct.       5,200         196       1,818         210         237         412         654         424         150          90         153         282         574
  Coin                                           2,083          75          79         168         152         312         191         326          24          66         143         205         342
  Securities, repurchase agreements,
     term auction credit, and other
     loans                                   2,098,511      38,656     869,637      31,340      79,658      72,777     242,869     218,346      78,965      33,371      90,933      97,403     244,556
    Securities held outright (1)             2,014,390      38,642     787,376      31,251      79,585      72,593     242,706     217,979      78,916      33,349      90,928      97,399     243,667
      U.S. Treasury securities                 776,705      14,900     303,595      12,050      30,686      27,990      93,582      84,048      30,428      12,859      35,060      37,555      93,953
        Bills (2)                               18,423         353       7,201         286         728         664       2,220       1,994         722         305         832         891       2,228
        Notes and bonds (3)                    758,282      14,546     296,394      11,764      29,958      27,326      91,363      82,054      29,707      12,554      34,228      36,664      91,724
      Federal agency debt securities (2)       168,988       3,242      66,053       2,622       6,676       6,090      20,361      18,286       6,620       2,798       7,628       8,171      20,441
      Mortgage-backed securities (4)         1,068,697      20,501     417,727      16,580      42,222      38,513     128,763     115,645      41,867      17,693      48,240      51,673     129,273
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Term auction credit                          3,410           0       1,845          20          74         160         125         294          28           5           5           0         854
    Other loans                                 80,711          14      80,417          68           0          25          38          73          21          17           0           4          35
  Net portfolio holdings of Commercial
     Paper Funding Facility LLC (6)              7,786           0       7,786           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane LLC (7)                               27,364           0      27,364           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (8)                            15,405           0      15,405           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (9)                           22,150           0      22,150           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (10)          404           0         404           0           0           0           0           0           0           0           0           0           0
  Preferred interests in AIA Aurora LLC
     and ALICO Holdings LLC (11)                25,416           0      25,416           0           0           0           0           0           0           0           0           0           0
  Items in process of collection                   547         107           0          21          62           5          13          16           4          56          11          24         229
  Bank premises                                  2,241         122         262          70         143         239         220         210         136         109         266         251         213
  Central bank liquidity swaps (12)                  0           0           0           0           0           0           0           0           0           0           0           0           0
  Other assets (13)                             92,439       2,228      33,823       3,783       4,487       9,383       9,611       7,826       2,880       1,818       3,240       3,608       9,753
  Interdistrict settlement account                   0   +  21,414   + 148,176   +  40,767   -  23,030   + 145,997   -  99,320   -  93,067   -  41,414   -     852   -  39,356   -  23,932   -  35,383

Total assets                                 2,310,584      63,209   1,156,216      76,808      62,176     230,008     155,593     134,993      41,073      34,856      55,725      78,461     221,466
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
11. Statement of Condition of Each Federal Reserve Bank,     March 31, 2010 (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          1,077,578      35,013     391,043      38,382      44,420      83,588     137,326      86,329      32,401      20,129      28,388      65,501     115,056
    Less: Notes held by F.R. Banks             183,432       4,351      62,127       5,669       8,474      10,355      32,939      11,477       4,245       2,897       3,321      12,809      24,769
      Federal Reserve notes, net               894,146      30,662     328,916      32,714      35,945      73,233     104,387      74,853      28,157      17,233      25,068      52,692      90,287
  Reverse repurchase agreements (14)            57,766       1,108      22,579         896       2,282       2,082       6,960       6,251       2,263         956       2,608       2,793       6,988
  Deposits                                   1,291,505      29,327     781,290      37,245      19,216     141,800      40,132      51,774       9,841      14,719      27,264      21,725     117,170
    Depository institutions                  1,053,876      29,291     543,777      37,241      19,213     141,747      40,130      51,767       9,838      14,718      27,263      21,724     117,167
    U.S. Treasury, general account              91,519           0      91,519           0           0           0           0           0           0           0           0           0           0
    U.S. Treasury, supplementary
       financing account                       124,979           0     124,979           0           0           0           0           0           0           0           0           0           0
    Foreign official                             1,668           1       1,639           4           3          11           2           1           0           1           0           1           3
    Other                                       19,463          35      19,375           0           0          42           0           6           2           0           1           0           0
  Deferred availability cash items               2,172          53           0         179         596          74         138         135          50         358          82          88         420
  Other liabilities and accrued
     dividends (15)                             12,755         181       8,858         211         287         508         629         553         239         146         231         292         621

Total liabilities                            2,258,345      61,332   1,141,644      71,245      58,327     217,698     152,246     133,566      40,549      33,412      55,252      77,589     215,486

Capital
  Capital paid in                               26,255         914       7,563       2,951       1,898       5,344       1,596         645         234         713         209         408       3,781
  Surplus                                       24,845         945       7,009       2,612       1,910       6,967       1,581         620         240         712         210         353       1,687
  Other capital                                  1,138          18           0           0          41           0         170         162          49          19          54         112         511

Total liabilities and capital                2,310,584      63,209   1,156,216      76,808      62,176     230,008     155,593     134,993      41,073      34,856      55,725      78,461     221,466
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

11. Statement of Condition of Each Federal Reserve Bank,     March 31, 2010 (continued)
1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 7 and the note on consolidation below.
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 8 and the note on consolidation below.
11. Refer to table 9.
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 and federal agency debt securities.
15. Includes the liabilities of Commercial Paper Funding Facility LLC, 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 8 and the note on consolidation below.


Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was
extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On October 27, 2008, the FRBNY began extending loans to Commercial Paper Funding Facility LLC, which was
formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers. 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 sole beneficiary of Commercial Paper Funding Facility LLC. 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 10), 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 10).

 
12. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
                                                                                            Wednesday   
Federal Reserve notes and collateral                                                       Mar 31, 2010 
 
Federal Reserve notes outstanding                                                          1,077,578
  Less: Notes held by F.R. Banks not subject to collateralization                            183,432
    Federal Reserve notes to be collateralized                                               894,146
Collateral held against Federal Reserve notes                                                894,146
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   877,909
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,014,390
  Less: Face value of securities under reverse repurchase agreements                          57,337
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      1,957,053
 
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 and term securities lending facilities; refer
   to table 1A.