FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                             January 13, 2011
 
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                         Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended   Change from week ended   Jan 12, 2011
Federal Reserve Banks                                     Jan 12, 2011  Jan 5, 2011 Jan 13, 2010
 
Reserve Bank credit                                        2,432,403   +   21,587   +  206,684    2,450,648
  Securities held outright (1)                             2,183,358   +   19,795   +  327,044    2,200,533
    U.S. Treasury securities                               1,044,725   +   20,763   +  268,125    1,062,061
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                           970,291   +   19,301   +  262,642      987,625
      Notes and bonds, inflation-indexed (2)                  49,743   +    1,387   +    5,100       49,743
      Inflation compensation (3)                               6,269   +       75   +      383        6,271
    Federal agency debt securities (2)                       146,492   -      968   -   14,201      146,331
    Mortgage-backed securities (4)                           992,141            0   +   73,120      992,141
  Repurchase agreements (5)                                        0            0            0            0
  Term auction credit                                              0            0   -   75,918            0
  Other loans                                                 44,443   -      264   -   43,552       43,959
    Primary credit                                                23   -       77   -   17,477           87
    Secondary credit                                               0            0   -      966            0
    Seasonal credit                                               10   -        6   +        9           10
    Credit extended to American International
       Group, Inc., net (6)                                   19,925   +        6   -    2,285       19,675
    Term Asset-Backed Securities Loan Facility (7)            24,486   -      187   -   22,833       24,187
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (8)                                      0            0   -   14,081            0
  Net portfolio holdings of Maiden Lane LLC (9)               27,009   +       35   +      272       27,006
  Net portfolio holdings of Maiden Lane II LLC (10)           15,943   -      182   +      540       15,946
  Net portfolio holdings of Maiden Lane III LLC (11)          23,213   +       61   +      863       23,279
  Net portfolio holdings of TALF LLC (12)                        665            0   +      367          665
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (13)                                        26,385   +       47   +    1,279       26,385
  Float                                                       -1,695   +        1   +      348       -1,677
  Central bank liquidity swaps (14)                               70   -        5   -    8,126           70
  Other Federal Reserve assets (15)                          113,012   +    2,099   +   17,647      114,480
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (16)                            43,577   +       14   +      851       43,577

Total factors supplying reserve funds                      2,492,221   +   21,601   +  207,535    2,510,466
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
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   Jan 12, 2011
Federal Reserve Banks                                     Jan 12, 2011  Jan 5, 2011 Jan 13, 2010
 
Currency in circulation (16)                                 978,237   -    4,501   +   57,771      978,135
Reverse repurchase agreements (17)                            53,554   -    5,862   -    9,236       53,271
  Foreign official and international accounts                 53,554   -    5,862   -    9,236       53,271
  Others                                                           0            0            0            0
Treasury cash holdings                                           182   +        5   -       71          194
Deposits with F.R. Banks, other than reserve balances        297,410   -   29,797   +  122,498      286,450
  Term deposits held by depository institutions                    0            0            0            0
  U.S. Treasury, general account                              89,107   -   26,279   -   47,275       75,569
  U.S. Treasury, supplementary financing account             199,963   -        1   +  194,962      199,963
  Foreign official                                             3,762   +      384   +      651        3,748
  Service-related                                              2,378            0   -      642        2,378
    Required clearing balances                                 2,378            0   -      642        2,378
    Adjustments to compensate for float                            0            0            0            0
  Other                                                        2,201   -    3,901   -   25,196        4,793
Funds from American International Group, Inc. asset
   dispositions, held as agent (18)                           26,896            0   +   26,896       26,896
Other liabilities and capital (19)                            69,856   -    2,574   +    2,839       70,019

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,426,135   -   42,729   +  200,697    1,414,965

Reserve balances with Federal Reserve Banks                1,066,086   +   64,330   +    6,838    1,095,500
 
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
   securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
   remaining principal balance of the underlying mortgages.
5. Cash value of agreements.
6. Includes outstanding principal and capitalized interest net of unamortized deferred commitment fees and
   allowance for loan restructuring. Excludes credit extended to consolidated LLCs.
7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term
   Asset-Backed Securities Loan Facility.
8. Includes the book value of the commercial paper, net of amortized costs and related fees, and other
   investments held by the Commercial Paper Funding Facility LLC.
9.  Refer to table 4 and the note on consolidation accompanying table 10.
10. Refer to table 5 and the note on consolidation accompanying table 10.
11. Refer to table 6 and the note on consolidation accompanying table 10.
12. Refer to table 7 and the note on consolidation accompanying table 10.
13. Refer to table 8.
14. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
    the foreign currency is returned to the foreign central bank. This exchange rate equals the market
    exchange rate used when the foreign currency was acquired from the foreign central bank.
15. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange
    rates, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests in AIA
    Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to
    eligible borrowers through the Term Asset-Backed Securities Loan Facility.
16. Estimated.
17. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
    securities, and mortgage-backed securities.
18. Pending the closing of the recapitalization plan announced by American International Group, Inc. (AIG) on
    September 30, 2010, the cash proceeds from the disposition of certain AIG assets will be held by the
    FRBNY as agent. At the closing of the recapitalization plan, the proceeds will be used first to repay in
    full the credit extended to AIG by the FRBNY under the revolving credit facility and then to retire a
    portion of the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC (preferred
    interests). Alternatively, if the recapitalization plan is terminated under the terms of the plan, then
    the proceeds from the initial public offering of AIA and the sale of ALICO will be used to redeem the
    preferred interests in accordance with the AIA Aurora LLC	and ALICO Holdings LLC limited liability
    company agreements, and any excess proceeds from these transactions, as well as proceeds from the
    disposition of other assets, will be used to repay the credit extended to AIG under the revolving credit
    facility.
19. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to
    entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only
    to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation
    accompanying table 10. Also includes the liability for interest on Federal Reserve notes due to U.S.
    Treasury. Refer to table 9 and table 10.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.

 
1A. Memorandum Items
Millions of dollars
                                                                Averages of daily figures         Wednesday  
                                                           Week ended   Change from week ended   Jan 12, 2011
Memorandum item                                           Jan 12, 2011  Jan 5, 2011 Jan 13, 2010
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,350,473   +    6,216   +  399,716    3,345,858
  U.S. Treasury securities                                 2,616,142   +    5,855   +  432,365    2,611,389
  Federal agency securities (2)                              734,331   +      362   -   32,650      734,469
Securities lent to dealers                                    12,726   -    6,733   +    3,032       11,880
  Overnight facility (3)                                      12,726   -    6,733   +    3,032       11,880
    U.S. Treasury securities                                  11,433   -    6,555   +    2,251       10,732
    Federal agency debt securities                             1,293   -      178   +      781        1,148
 
Note: Components may not sum to totals because of rounding.

1. Face value of the securities. Includes U.S. Treasury STRIPS and other zero-coupon bonds at face value and
   mortgage-backed securities at original face value.
2. Includes debt and mortgage-backed securities.
3. Fully collateralized by U.S. Treasury securities.

 
2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities,   January 12, 2011
Millions of dollars
                                       Within 15    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)                               87           10            0       43,862            0           ...       43,959
U.S. Treasury securities (2)
  Holdings                                17,451       17,168       54,254      452,608      359,108       161,472    1,062,061
  Weekly changes                      +    3,867   -    3,867            0   +   13,012   +   16,562    +    1,502   +   31,076
Federal agency debt securities (3)
  Holdings                                 1,707       13,736       28,645       69,299       30,597         2,347      146,331
  Weekly changes                      +      132   +      346   +      144   -    1,751            0             0   -    1,129
Mortgage-backed securities (4)
  Holdings                                     0            0            0           24           22       992,095      992,141
  Weekly changes                               0            0            0            0            0             0            0
Asset-backed securities held by
   TALF 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)         53,271            0          ...          ...          ...           ...       53,271
Term deposits                                  0            0            0          ...          ...           ...            0
 
Note: Components may not sum to totals because of rounding.
. . . Not applicable.

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III
   LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation
   under generally accepted accounting principles.
2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of
   inflation on the original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal
   balance of the underlying mortgages.
5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.
6. Cash value of agreements.
7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency
   is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was
   acquired from the foreign central bank.

 
3. Supplemental Information on Mortgage-Backed Securities Purchase Program
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Jan 12, 2011 
 
Mortgage-backed securities held outright (1)                                                                             992,141

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 9 and table 10.

 
4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Jan 12, 2011 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                             27,006

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 25,228
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         624
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,317
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
   September 30, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 9 and table 10.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of
section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to
manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets.
Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses
of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to
JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.

 
5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Jan 12, 2011 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                          15,946

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 12,777
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         457
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                    1,072
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
   September 30, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of
   American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued
   interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table
   9 and table 10.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential
mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group,
Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred
payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.

 
6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Jan 12, 2011 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         23,279

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 13,526
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         551
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,371
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
   September 30, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 9 and table 10.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector
collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written
credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the
related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to
AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.

 
7. Information on Principal Accounts of TALF LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Jan 12, 2011 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       665
Net portfolio holdings of TALF LLC                                                                                           665

Outstanding principal amount of loan extended by the Federal Reserve Bank of New 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 10.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 9 and table 10.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF)
under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New
York (FRBNY) extends loans with a term of up to five years to holders of eligible asset-backed securities. The TALF is intended to
assist financial markets in accommodating the credit needs of consumers and businesses by facilitating the issuance of asset-backed
securities collateralized by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are
non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The loans
are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial
risk of a decline in the value of the security.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in
connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed
securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest.
Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF
LLC, by the interest received on investments of TALF LLC, by up to $4.3 billion in subordinated debt funding provided by the U.S.
Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio
holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S.
Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the
U.S. Treasury.

 
8. Supplemental Information on the Federal Reserve Bank of New York's Preferred Interests in
AIA Aurora LLC and ALICO Holdings LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Jan 12, 2011 
 
Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (1)                                                          26,385
Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC (2)                                         43

Preferred interests in AIA Aurora LLC (1)                                                                                 16,887
Accrued dividends on preferred interests in AIA Aurora LLC (2)                                                                28

Preferred interests in ALICO Holdings LLC (1)                                                                              9,499
Accrued dividends on preferred interests in ALICO Holdings LLC (2)                                                            16
 
Note: Components may not sum to totals because of rounding.

1. Book value.
2. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 9 and table 10.

Note on preferred interests:

In conjunction with the restructuring of the government's assistance to American International Group, Inc. (AIG) announced March 2,
2009, the outstanding balance and amount available of revolving credit provided to AIG by the FRBNY has been reduced in exchange for
preferred interests in two special purpose vehicles, AIA Aurora LLC and ALICO Holdings LLC. These two limited liability companies
were created to directly or indirectly hold all of the outstanding common stock of American International Assurance Company Ltd.
(AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG. AIG will retain control of AIA Aurora LLC
and ALICO Holdings LLC, and the FRBNY will have certain consent, disposition, and conversion rights with respect to its preferred
interests.

Dividends accrue as a percentage of the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. On a quarterly basis,
the accrued dividends are capitalized and added to the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC.

 
9. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation   Jan 12, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                       Jan 5, 2011 Jan 13, 2010
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,214    +       23   +      116
  Securities, repurchase agreements, term auction
     credit, and other loans                                             2,244,493    +   29,292   +  176,794
    Securities held outright (1)                                         2,200,533    +   29,947   +  294,511
      U.S. Treasury securities                                           1,062,061    +   31,076   +  285,458
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                       987,625    +   31,071   +  279,976
        Notes and bonds, inflation-indexed (2)                              49,743             0   +    5,100
        Inflation compensation (3)                                           6,271    +        6   +      382
      Federal agency debt securities (2)                                   146,331    -    1,129   -   14,498
      Mortgage-backed securities (4)                                       992,141             0   +   23,551
    Repurchase agreements (5)                                                    0             0            0
    Term auction credit                                                          0             0   -   75,918
    Other loans                                                             43,959    -      656   -   41,801
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (6)                                                    0             0   -   14,092
  Net portfolio holdings of Maiden Lane LLC (7)                             27,006    -        3   +      264
  Net portfolio holdings of Maiden Lane II LLC (8)                          15,946    +        4   +      542
  Net portfolio holdings of Maiden Lane III LLC (9)                         23,279    +       77   +      878
  Net portfolio holdings of TALF LLC (10)                                      665             0   +      367
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (11)                                                      26,385             0   +    1,279
  Items in process of collection                             (99)              421    +      141   +       93
  Bank premises                                                              2,220    +        1   -       22
  Central bank liquidity swaps (12)                                             70    -        5   -    5,825
  Other assets (13)                                                        112,224    +    2,658   +   15,824

Total assets                                                 (99)        2,471,159    +   32,187   +  176,217
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
9. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation   Jan 12, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                       Jan 5, 2011 Jan 13, 2010
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                         936,962    -    3,343   +   57,742
  Reverse repurchase agreements (14)                                        53,271    -    4,284   -   11,095
  Deposits                                                    (1)        1,381,913    +   39,252   +  105,680
    Term deposits held by depository institutions                                0             0            0
    Other deposits held by depository institutions                       1,097,841    +   64,672   -   37,404
    U.S. Treasury, general account                                          75,569    -   30,144   -   48,606
    U.S. Treasury, supplementary financing account                         199,963    -        1   +  194,962
    Foreign official                                                         3,748    +      318   +      864
    Other                                                     (1)            4,793    +    4,408   -    4,134
  Deferred availability cash items                           (98)            2,098    -      386   -      781
  Other liabilities and accrued dividends (15)                              43,862    +      944   +   23,942

Total liabilities                                            (99)        2,418,106    +   32,182   +  175,488

Capital accounts
  Capital paid in                                                           26,526    +        2   +      874
  Surplus                                                                   26,526    +        2   +    1,230
  Other capital accounts                                                         0             0   -    1,375

Total capital                                                               53,053    +        5   +      729
 
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
   securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
   remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Includes the book value of the commercial paper, net of amortized costs and related fees, and other
   investments held by the Commercial Paper Funding Facility LLC.
7. Refer to table 4 and the note on consolidation accompanying table 10.
8. Refer to table 5 and the note on consolidation accompanying table 10.
9.  Refer to table 6 and the note on consolidation accompanying table 10.
10. Refer to table 7 and the note on consolidation accompanying table 10.
11. Refer to table 8.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
    the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange
    rate used when the foreign currency was acquired from the foreign central bank.
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates,
    accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests in AIA Aurora LLC
    and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers
    through the Term Asset-Backed Securities Loan Facility.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
    securities, and mortgage-backed securities.
15. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to
    entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to
    the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation
    accompanying table 10. Also includes funds from American International Group, Inc. asset dispositions, held
    as agent. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Refer to
    table 10.


 
10. Statement of Condition of Each Federal Reserve Bank,   January 12, 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                                           2,214          47          71         176         167         358         189         342          36          61         162         243         362
  Securities, repurchase agreements,
     term auction credit, and other
     loans                                   2,244,493      55,706     941,796      51,389      74,765     250,661     208,231     165,909      56,682      30,125      75,497      92,407     241,324
    Securities held outright (1)             2,200,533      55,688     897,934      51,389      74,765     250,617     208,231     165,890      56,682      30,125      75,487      92,401     241,324
      U.S. Treasury securities               1,062,061      26,877     433,377      24,802      36,084     120,957     100,500      80,065      27,357      14,539      36,433      44,596     116,472
        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)                  1,043,638      26,411     425,860      24,372      35,458     118,859      98,757      78,676      26,882      14,287      35,801      43,823     114,452
      Federal agency debt securities (2)       146,331       3,703      59,711       3,417       4,972      16,666      13,847      11,031       3,769       2,003       5,020       6,145      16,048
      Mortgage-backed securities (4)           992,141      25,108     404,846      23,169      33,709     112,994      93,884      74,794      25,556      13,582      34,034      41,660     108,804
    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                                 43,959          18      43,862           0           0          44           0          19           0           0          10           6           0
  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)                               27,006           0      27,006           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (8)                            15,946           0      15,946           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (9)                           23,279           0      23,279           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (10)          665           0         665           0           0           0           0           0           0           0           0           0           0
  Preferred interests in AIA Aurora LLC
     and ALICO Holdings LLC (11)                26,385           0      26,385           0           0           0           0           0           0           0           0           0           0
  Items in process of collection                   520           6           0          62          69          10         136          42          10          32          61          52          40
  Bank premises                                  2,220         127         256          68         140         239         218         208         136         107         265         245         213
  Central bank liquidity swaps (12)                 70           3          20           8           5          19           4           2           1           2           1           1           5
  Other assets (13)                            112,224       3,160      42,745       4,823       4,847      17,003       9,778       7,119       2,491       1,925       3,184       4,004      11,145
  Interdistrict settlement account                   0   -   8,253   + 230,805   +  12,776   -  18,921   -  30,764   -  53,251   -  33,815   -  18,533   -   7,649   -  17,663   -   5,975   -  48,756

Total assets                                 2,471,258      51,359   1,314,831      69,915      61,772     238,783     167,345     141,119      41,297      24,895      61,956      91,911     206,075
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
10. Statement of Condition of Each Federal Reserve Bank,   January 12, 2011 (continued)
Millions of dollars
                                               Total      Boston     New York   Philadelphia Cleveland   Richmond     Atlanta     Chicago    St. Louis  Minneapolis   Kansas      Dallas        San    
Assets, liabilities, and capital                                                                                                                                       City                  Francisco 
 
Liabilities
  Federal Reserve notes outstanding          1,119,972      41,138     382,824      45,611      46,019      90,368     140,574      86,384      32,407      19,912      33,164      75,770     125,802
    Less: Notes held by F.R. Banks             183,010       4,976      63,693       5,047       8,232      13,399      20,659      12,718       4,522       5,800       3,862      12,252      27,850
      Federal Reserve notes, net               936,962      36,161     319,131      40,564      37,787      76,969     119,915      73,666      27,885      14,111      29,302      63,518      97,953
  Reverse repurchase agreements (14)            53,271       1,348      21,737       1,244       1,810       6,067       5,041       4,016       1,372         729       1,827       2,237       5,842
  Deposits                                   1,381,914      11,730     918,762      22,523      17,588     144,059      38,631      61,434      11,333       7,791      29,984      24,975      93,103
    Term deposits held by depository
       institutions                                  0           0           0           0           0           0           0           0           0           0           0           0           0
    Other deposits held by depository
       institutions                          1,097,841      11,727     634,869      22,518      17,584     144,010      38,628      61,407      11,277       7,786      29,983      24,975      93,078
    U.S. Treasury, general account              75,569           0      75,569           0           0           0           0           0           0           0           0           0           0
    U.S. Treasury, supplementary
       financing account                       199,963           0     199,963           0           0           0           0           0           0           0           0           0           0
    Foreign official                             3,748           1       3,719           4           3          11           2           1           0           1           0           1           3
    Other                                        4,794           2       4,642           1           1          38           1          27          56           3           1           0          23
  Deferred availability cash items               2,196          76           0         278         387          81         100         146          59         486         104          92         387
  Interest on Federal Reserve notes due
     to U.S. Treasury (15)                       1,204          31         574         -22          33          84         122          99          36          14          42          52         139
  Other liabilities and accrued
     dividends (16)                             42,658         180      39,260         190         231         645         497         412         181         125         182         264         491

Total liabilities                            2,418,205      49,527   1,299,465      64,776      57,837     227,905     164,305     139,774      40,867      23,256      61,441      91,138     197,915

Capital
  Capital paid in                               26,526         916       7,683       2,570       1,968       5,439       1,520         673         215         819         257         387       4,080
  Surplus                                       26,526         916       7,683       2,570       1,968       5,439       1,520         673         215         819         257         387       4,080
  Other capital                                      0           0           0           0           0           0           0           0           0           0           0           0           0

Total liabilities and capital                2,471,258      51,359   1,314,831      69,915      61,772     238,783     167,345     141,119      41,297      24,895      61,956      91,911     206,075
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

10. Statement of Condition of Each Federal Reserve Bank,   January 12, 2011 (continued)
1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such 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. Refer to table 8.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests
    in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
15. 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. Also includes 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 9), 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 9).

 
11. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
                                                                                            Wednesday   
Federal Reserve notes and collateral                                                       Jan 12, 2011 
 
Federal Reserve notes outstanding                                                          1,119,972
  Less: Notes held by F.R. Banks not subject to collateralization                            183,010
    Federal Reserve notes to be collateralized                                               936,962
Collateral held against Federal Reserve notes                                                936,962
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   920,725
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,200,533
  Less: Face value of securities under reverse repurchase agreements                          44,064
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,156,469
 
Note: Components may not sum to totals because of rounding.

1. Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright,
   compensation to adjust for the effect of inflation on the original face value of inflation-indexed
   securities, and cash value of repurchase agreements.
2. Includes securities lent to dealers under the overnight securities lending facility; refer to table
   1A.