FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks July 1, 2010

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

Jun 30, 2010 Week ended

Jun 30, 2010

Change from week ended

Jun 23, 2010 Jul 1, 2009

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,316,262 - 11,887 + 329,309 2,313,776

Securities held outright1 2,061,501 - 9,585 + 845,174 2,059,878

U.S. Treasury securities 776,982 + 19 + 119,987 776,989

Bills2 18,423 0 0 18,423

Notes and bonds, nominal2 712,023 0 + 121,275 712,023

Notes and bonds, inflation-indexed2 41,125 0 - 1,678 41,125

Inflation compensation3 5,410 + 18 + 388 5,417

Federal agency debt securities2 165,249 - 450 + 68,451 164,762

Mortgage-backed securities4 1,119,271 - 9,153 + 656,737 1,118,127

Repurchase agreements5 0 0 0 0

Term auction credit 0 0 - 282,808 0

Other loans 67,847 - 1,578 - 51,028 67,825

Primary credit 162 + 11 - 35,748 611

Secondary credit 79 - 71 + 76 0

Seasonal credit 70 - 2 + 7 61

Asset-Backed Commercial Paper Money Market

Mutual Fund Liquidity Facility 0 0 - 14,922 0

Credit extended to American International

Group, Inc., net6 24,857 - 899 - 17,977 24,676

Term Asset-Backed Securities Loan Facility7 42,681 - 615 + 17,538 42,477

Other credit extensions 0 0 0 0

Net portfolio holdings of Commercial Paper

Funding Facility LLC8 1 0 - 119,668 1

Net portfolio holdings of Maiden Lane LLC9 28,429 + 16 + 2,533 28,498

Net portfolio holdings of Maiden Lane II LLC10 15,713 + 12 - 276 15,763

Net portfolio holdings of Maiden Lane III LLC11 23,200 + 6 + 3,038 23,208

Net portfolio holdings of TALF LLC12 506 + 16 + 506 506

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC13 25,461 + 45 + 25,461 25,733

Float -1,664 + 57 + 325 -1,948

Central bank liquidity swaps14 1,245 0 - 114,054 1,245

Other Federal Reserve assets15 94,022 - 876 + 20,104 93,068

Gold stock 11,041 0 0 11,041

Special drawing rights certificate account 5,200 0 + 3,000 5,200

Treasury currency outstanding16 43,168 + 14 + 741 43,168

Total factors supplying reserve funds 2,375,671 - 11,873 + 333,050 2,373,185

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

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

Millions of dollars

Averages of daily figures Wednesday

Jun 30, 2010 Week ended

Jun 30, 2010

Change from week ended

Jun 23, 2010 Jul 1, 2009

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation16 941,373 + 2,036 + 33,437 945,095

Reverse repurchase agreements17 64,924 + 4,193 - 5,966 67,223

Foreign official and international accounts 64,924 + 4,193 - 5,966 67,223

Dealers 0 0 0 0

Treasury cash holdings 229 + 7 - 92 233

Deposits with F.R. Banks, other than reserve balances 253,493 - 768 - 28,577 319,937

Term deposits held by depository institutions 1,152 0 + 1,152 1,152

U.S. Treasury, general account 40,112 - 5,740 - 31,878 87,615

U.S. Treasury, supplementary financing account 199,965 + 2 + 26 199,965

Foreign official 1,789 - 444 - 190 1,214

Service-related 2,475 0 - 1,715 2,475

Required clearing balances 2,475 0 - 1,715 2,475

Adjustments to compensate for float 0 0 0 0

Other 7,998 + 5,414 + 4,025 27,516

Other liabilities and capital18 72,356 - 197 + 17,755 70,931

Total factors, other than reserve balances,

absorbing reserve funds 1,332,376 + 5,272 + 16,558 1,403,419

Reserve balances with Federal Reserve Banks 1,043,295 - 17,145 + 316,493 969,767

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 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. Refer to table 7 and the note on consolidation accompanying table 11.

9. Refer to table 4 and the note on consolidation accompanying table 11.

10.Refer to table 5 and the note on consolidation accompanying table 11.

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

12.Refer to table 8 and the note on consolidation accompanying table 11.

13.Refer to table 9.

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 and federal agency debt securities.

18.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.
H.4.1

1A. Memorandum Items

Millions of dollars

Averages of daily figures Wednesday

Jun 30, 2010 Week ended

Jun 30, 2010

Change from week ended

Jun 23, 2010 Jul 1, 2009

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,097,700 + 7,771 + 331,545 3,102,777

U.S. Treasury securities 2,272,950 + 9,678 + 312,722 2,278,574

Federal agency securities2 824,750 - 1,907 + 18,822 824,203

Securities lent to dealers 7,280 + 3,867 - 11,198 13,933

Overnight facility3 7,280 + 3,867 - 4,448 13,933

U.S. Treasury securities 5,646 + 3,422 - 6,082 11,762

Federal agency debt securities 1,633 + 445 + 1,633 2,171

Term facility4 0 0 - 6,750 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 Securities, Loans, and Selected Other Assets and Liabilities, June 30, 2010

Millions of dollars

Within 15

days

16 days to

90 days

91 days to

1 year

Over 1 year

to 5 years

Over 5 years

to 10 years

Over 10

years

Remaining maturity All

Other loans1 668 4 0 67,152 0 ... 67,825

U.S. Treasury securities2

Holdings 16,028 13,766 56,099 332,051 215,211 143,834 776,989

Weekly changes + 674 - 3,890 + 3,414 - 1,086 + 898 + 8 + 19

Federal agency debt securities3

Holdings 2,651 8,006 37,401 80,809 33,548 2,347 164,762

Weekly changes + 1,799 - 2,651 + 1,661 - 1,661 0 0 - 852

Mortgage-backed securities4

Holdings 0 0 0 30 19 1,118,077 1,118,127

Weekly changes 0 0 0 - 1 - 1 - 10,533 - 10,534

Commercial paper held by

Commercial Paper Funding

Facility LLC5 0 0 0 ... ... ... 0

Asset-backed securities held by

TALF LLC6 0 0 0 0 0 0 0

Repurchase agreements7 0 0 ... ... ... ... 0

Central bank liquidity swaps8 0 1,245 0 0 0 0 1,245

Reverse repurchase agreements7 67,223 0 ... ... ... ... 67,223

Term deposits 1,152 0 0 ... ... ... 1,152

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.

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

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

central bank.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities Purchase Program

Millions of dollars

Wednesday

Jun 30, 2010 Account name

Mortgage-backed securities held outright1 1,118,127

Commitments to buy mortgage-backed securities2 18,197

Commitments to sell mortgage-backed securities2 2,500

Cash and cash equivalents3 418

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

Jun 30, 2010 Account name

Net portfolio holdings of Maiden Lane LLC1 28,498

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 28,820

Accrued interest payable to the Federal Reserve Bank of New York2 512

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 1,280

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 March 31, 2010. Any assets purchased after

this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with

consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 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

Jun 30, 2010 Account name

Net portfolio holdings of Maiden Lane II LLC1 15,763

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 14,311

Accrued interest payable to the Federal Reserve Bank of New York2 361

Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3 1,053

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 March 31, 2010. Any assets purchased after

this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with

consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 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.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday

Jun 30, 2010 Account name

Net portfolio holdings of Maiden Lane III LLC1 23,208

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 15,846

Accrued interest payable to the Federal Reserve Bank of New York2 448

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 5,278

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 March 31, 2010. Any assets purchased after

this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with

consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 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

Jun 30, 2010 Account name

Commercial paper holdings, net1 0

Other investments, net 1

Net portfolio holdings of Commercial Paper Funding Facility LLC 1

Memorandum: Commercial paper holdings, face value 0

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

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

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.
H.4.1

8. Information on Principal Accounts of TALF LLC

Millions of dollars

Wednesday

Jun 30, 2010 Account name

Asset-backed securities holdings1 0

Other investments, net 506

Net portfolio holdings of TALF LLC 506

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

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

Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable3 104

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

Jun 30, 2010 Account name

Preferred interests in AIA Aurora LLC and ALICO Holdings LLC1 25,733

Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC2 0

Preferred interests in AIA Aurora LLC1 16,469

Accrued dividends on preferred interests in AIA Aurora LLC2 0

Preferred interests in ALICO Holdings LLC1 9,264

Accrued dividends on preferred interests in ALICO Holdings LLC2 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.
H.4.1

10. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Eliminations from

consolidation

Wednesday

Jun 30, 2010

Change since

Wednesday

Jun 23, 2010

Wednesday

 Jul 1, 2009

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 + 3,000

Coin 1,975 - 17 + 197

Securities, repurchase agreements, term auction

credit, and other loans 2,127,703 - 11,917 + 502,083

Securities held outright1 2,059,878 - 11,366 + 836,136

U.S. Treasury securities 776,989 + 19 + 113,519

Bills2 18,423 0 0

Notes and bonds, nominal2 712,023 0 + 114,811

Notes and bonds, inflation-indexed2 41,125 0 - 1,678

Inflation compensation3 5,417 + 18 + 385

Federal agency debt securities2 164,762 - 852 + 66,934

Mortgage-backed securities4 1,118,127 - 10,534 + 655,683

Repurchase agreements5 0 0 0

Term auction credit 0 0 - 282,808

Other loans 67,825 - 551 - 51,245

Net portfolio holdings of Commercial Paper

Funding Facility LLC6 1 0 - 114,692

Net portfolio holdings of Maiden Lane LLC7 28,498 + 81 + 2,573

Net portfolio holdings of Maiden Lane II LLC8 15,763 + 58 - 298

Net portfolio holdings of Maiden Lane III LLC9 23,208 + 9 + 3,036

Net portfolio holdings of TALF LLC10 506 0 + 506

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC11 25,733 + 317 + 25,733

Items in process of collection (50) 264 + 20 - 512

Bank premises 2,235 - 1 + 39

Central bank liquidity swaps12 1,245 0 - 113,340

Other assets13 90,928 - 2,192 + 18,566

Total assets (50) 2,334,296 - 13,642 + 326,892

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

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

Millions of dollars

Eliminations from

consolidation

Wednesday

Jun 30, 2010

Change since

Wednesday

Jun 23, 2010

Wednesday

 Jul 1, 2009

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 904,130 + 4,395 + 32,839

Reverse repurchase agreements14 67,223 + 6,917 - 5,033

Deposits (0) 1,289,799 - 24,649 + 283,530

Term deposits held by depository institutions 1,152 0 + 1,152

Other deposits held by depository institutions 972,337 - 90,011 + 246,077

U.S. Treasury, general account 87,615 + 41,265 + 9,473

U.S. Treasury, supplementary financing account 199,965 + 2 + 26

Foreign official 1,214 - 1,110 - 259

Other (0) 27,516 + 25,208 + 27,062

Deferred availability cash items (50) 2,212 + 314 - 1,000

Other liabilities and accrued dividends15 14,729 - 925 + 8,955

Total liabilities (50) 2,278,094 - 13,947 + 319,292

Capital accounts

Capital paid in 26,620 + 375 + 2,123

Surplus 25,798 + 6 + 4,534

Other capital accounts 3,784 - 76 + 944

Total capital 56,202 + 305 + 7,601

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.
H.4.1

11. Statement of Condition of Each Federal Reserve Bank, June 30, 2010Millions of dollars

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

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 369 4,038 404 463 846 1,385 887 324 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 Coin 1,975 65 73 154 141 290 183 310 25 Securities, repurchase agreements,

term auction credit, and otherloans 2,127,703 52,129 908,200 48,156 69,986 234,618 194,947 155,295 53,071 

Securities held outright1 2,059,878 52,129 840,539 48,104 69,986 234,598 194,921 155,287 53,059 

U.S. Treasury securities 776,989 19,663 317,052 18,145 26,399 88,491 73,525 58,574 20,014 

Bills2 18,423 466 7,517 430 626 2,098 1,743 1,389 475 Notes and bonds3 758,566 19,197 309,535 17,715 25,773 86,392 71,781 57,186 19,539 

Federal agency debt securities2 164,762 4,170 67,232 3,848 5,598 18,765 15,591 12,421 4,244 

Mortgage-backed securities4 1,118,127 28,296 456,255 26,111 37,989 127,343 105,806 84,291 28,801 

Repurchase agreements5 0 0 0 0 0 0 0 0 0 Term auction credit 0 0 0 0 0 0 0 0 0 Other loans 67,825 0 67,661 52 0 20 26 8 12 

Net portfolio holdings of Commercial

Paper Funding Facility LLC6 1 0 1 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane LLC7 28,498 0 28,498 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane II LLC8 15,763 0 15,763 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane III LLC9 23,208 0 23,208 0 0 0 0 0 0 

Net portfolio holdings of TALF LLC10 506 0 506 0 0 0 0 0 0 

Preferred interests in AIA Aurora LLC

and ALICO Holdings LLC11 25,733 0 25,733 0 0 0 0 0 0 

Items in process of collection 314 12 0 37 49 8 71 53 6 Bank premises 2,235 123 259 70 143 239 220 211 135 Central bank liquidity swaps12 1,245 46 361 136 93 347 77 30 12 Other assets13 90,928 2,591 34,363 4,211 4,046 14,276 7,785 5,580 1,964 Interdistrict settlement account 0 - 607 + 115,880 + 14,006 - 14,329 - 4,335 - 47,367 - 33,470 - 16,171 + 

Total assets 2,334,346 54,923 1,158,701 67,385 60,828 246,700 157,954 129,321 39,517 

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

11. Statement of Condition of Each Federal Reserve Bank, June 30, 2010 (continued)Millions of dollars

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

Assets, liabilities, and capital

Liabilities

Federal Reserve notes outstanding 1,097,593 34,849 400,133 38,718 44,429 84,394 139,549 85,944 31,886 

Less: Notes held by F.R. Banks 193,462 4,042 72,162 5,318 9,368 13,536 28,198 11,898 4,457 

Federal Reserve notes, net 904,130 30,807 327,972 33,399 35,061 70,858 111,352 74,046 27,429 

Reverse repurchase agreements14 67,223 1,701 27,431 1,570 2,284 7,656 6,361 5,068 1,732 

Deposits 1,289,799 20,251 776,537 26,329 18,841 154,579 36,283 48,214 9,588 

Term deposits held by depository

institutions 1,152 8 386 0 15 85 16 14 150 

Other deposits held by depository

institutions 972,337 20,205 460,002 26,324 18,822 154,432 36,265 48,159 9,435 

U.S. Treasury, general account 87,615 0 87,615 0 0 0 0 0 0 U.S. Treasury, supplementary

financing account 199,965 0 199,965 0 0 0 0 0 0 

Foreign official 1,214 1 1,185 4 3 11 2 1 0 Other 27,516 36 27,384 0 0 51 0 40 2 

Deferred availability cash items 2,263 68 0 227 517 88 138 194 57 Other liabilities and accrued

dividends15 14,729 202 10,857 204 256 762 564 468 203 

Total liabilities 2,278,144 53,028 1,142,796 61,729 56,959 233,944 154,699 127,990 39,008 Capital

Capital paid in 26,620 916 7,605 2,807 1,907 5,439 1,545 614 239 Surplus 25,798 945 7,596 2,803 1,911 7,141 1,581 620 239 Other capital 3,784 33 704 46 52 176 129 97 31 

Total liabilities and capital 2,334,346 54,923 1,158,701 67,385 60,828 246,700 157,954 129,321 39,517 

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

11. Statement of Condition of Each Federal Reserve Bank, June 30, 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 securitie4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mort5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.6. 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 centr

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

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

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

14.Cash value of agreements, which are collateralized by U.S. Treasury securities 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 

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 belo

Note on consolidation:The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Resewas extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On October 27, 2008, the FRBNY began extending loans to Comwas formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers. On November 25, 2008, a loan was extended to Maiden Lamulti-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contractwas extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan FacilitThe FRBNY is the sole beneficiary of Commercial Paper Funding Facility LLC. The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiarieU.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 amajority 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 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 tcredit 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 liabilitiethe 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).
H.4.1

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

Millions of dollars

Wednesday

Jun 30, 2010 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,097,593

Less: Notes held by F.R. Banks not subject to collateralization 193,462

Federal Reserve notes to be collateralized 904,130

Collateral held against Federal Reserve notes 904,130

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 887,893

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,059,878

Less: Face value of securities under reverse repurchase agreements 65,783

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,994,095

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.