FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                            February 17, 2011
 
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                         Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended   Change from week ended   Feb 16, 2011
Federal Reserve Banks                                     Feb 16, 2011  Feb 9, 2011 Feb 17, 2010
 
Reserve Bank credit                                        2,492,008   +   22,580   +  227,857    2,492,199
  Securities held outright (1)                             2,286,934   +   23,426   +  319,878    2,293,150
    U.S. Treasury securities                               1,179,202   +   25,395   +  402,625    1,190,341
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                         1,101,738   +   24,897   +  392,866    1,111,685
      Notes and bonds, inflation-indexed (2)                  52,793   +      427   +    9,016       53,863
      Inflation compensation (3)                               6,248   +       70   +      742        6,371
    Federal agency debt securities (2)                       144,550   -       74   -   21,351      144,365
    Mortgage-backed securities (4)                           963,182   -    1,895   -   61,395      958,444
  Repurchase agreements (5)                                        0            0            0            0
  Term auction credit                                              0            0   -   15,426            0
  Other loans                                                 22,094   -      313   -   65,637       22,078
    Primary credit                                                21   -       27   -   14,242           21
    Secondary credit                                               0            0   -      900            0
    Seasonal credit                                                0            0            0            0
    Credit extended to American International
       Group, Inc., net (6)                                        0            0   -   25,524            0
    Term Asset-Backed Securities Loan Facility (7)            22,073   -      286   -   24,970       22,058
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (8)                                      0            0   -    7,711            0
  Net portfolio holdings of Maiden Lane LLC (9)               26,328   -      214   -      856       26,032
  Net portfolio holdings of Maiden Lane II LLC (10)           16,038   +        3   +      557       16,043
  Net portfolio holdings of Maiden Lane III LLC (11)          22,930   +       16   +      550       22,814
  Net portfolio holdings of TALF LLC (12)                        686            0   +      352          686
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (6)                                              0            0   -   25,106            0
  Float                                                       -1,623   +       79   +      266       -1,787
  Central bank liquidity swaps (13)                               70            0   +       56           70
  Other Federal Reserve assets (14)                          118,550   -      418   +   20,933      113,112
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (15)                            43,647   +       14   +      904       43,647

Total factors supplying reserve funds                      2,551,896   +   22,594   +  228,761    2,552,087
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                         Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended   Change from week ended   Feb 16, 2011
Federal Reserve Banks                                     Feb 16, 2011  Feb 9, 2011 Feb 17, 2010
 
Currency in circulation (15)                                 988,971   +    2,920   +   57,132      992,610
Reverse repurchase agreements (16)                            58,241   -    1,258   +    3,449       57,826
  Foreign official and international accounts                 58,241   -    1,258   +    3,449       57,826
  Others                                                           0            0            0            0
Treasury cash holdings                                           179            0   -       27          181
Deposits with F.R. Banks, other than reserve balances        208,750   -   50,371   +  142,770      212,501
  Term deposits held by depository institutions                5,070   +    5,070   +    5,070        5,070
  U.S. Treasury, general account                              46,423   -   34,794   -       57       54,561
  U.S. Treasury, supplementary financing account             149,972   -   24,995   +  144,972      149,972
  Foreign official                                               146   +       19   -    2,887          118
  Service-related                                              2,327   -       25   -      420        2,327
    Required clearing balances                                 2,327   -       25   -      420        2,327
    Adjustments to compensate for float                            0            0            0            0
  Other                                                        4,813   +    4,355   -    3,908          454
Funds from American International Group, Inc. asset
   dispositions, held as agent (6)                                 0            0            0            0
Other liabilities and capital (17)                            71,668   -      386   +    2,046       71,242

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,327,809   -   49,095   +  205,369    1,334,359

Reserve balances with Federal Reserve Banks                1,224,086   +   71,688   +   23,391    1,217,728
 
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
   securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
   remaining principal balance of the underlying mortgages.
5. Cash value of agreements.
6. As a result of the closing of the American International Group, Inc. (AIG) recapitalization plan on
   January 14, 2011, the credit extended to AIG was fully repaid and the Federal Reserve's commitment to lend
   any further funds was terminated. In addition, the Federal Reserve Bank of New York (FRBNY) has been paid
   in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. The funds from AIG asset
   dispositions that FRBNY held as agent were the source of repayment of the credit extended to AIG, as well
   as a portion of the FRBNY's preferred interests in ALICO Holdings LLC. The remaining FRBNY preferred
   interests in ALICO Holdings LLC and AIA Aurora LLC, valued at approximately $20 billion, were purchased by
   AIG through a draw on the Treasury's Series F preferred stock commitment and then transferred by AIG to
   the Treasury as consideration for the draw on the available Series F funds.
7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term
   Asset-Backed Securities Loan Facility.
8. Includes the book value of the commercial paper, net of amortized costs and related fees, and other
   investments held by the Commercial Paper Funding Facility LLC.
9.  Refer to table 4 and the note on consolidation accompanying table 9.
10. Refer to table 5 and the note on consolidation accompanying table 9.
11. Refer to table 6 and the note on consolidation accompanying table 9.
12. Refer to table 7 and the note on consolidation accompanying table 9.
13. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
    the foreign currency is returned to the foreign central bank. This exchange rate equals the market
    exchange rate used when the foreign currency was acquired from the foreign central bank.
14. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange
    rates, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the
    Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on
    January 14, 2011, included accrued dividends on the FRBNY's preferred interests in AIA Aurora LLC and
    ALICO Holdings LLC.
15. Estimated.
16. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
    securities, and mortgage-backed securities.
17. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to
    entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only
    to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation
    accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S.
    Treasury. Refer to table 8 and table 9.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.

 
1A. Memorandum Items
Millions of dollars
                                                                Averages of daily figures         Wednesday  
                                                           Week ended   Change from week ended   Feb 16, 2011
Memorandum item                                           Feb 16, 2011  Feb 9, 2011 Feb 17, 2010
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,383,952   +   20,850   +  424,989    3,393,071
  U.S. Treasury securities                                 2,626,624   +   13,183   +  433,400    2,632,368
  Federal agency securities (2)                              757,328   +    7,667   -    8,411      760,703
Securities lent to dealers                                    18,693   +       25   +   13,242       18,972
  Overnight facility (3)                                      18,693   +       25   +   13,242       18,972
    U.S. Treasury securities                                  17,295   -      135   +   12,703       17,661
    Federal agency debt securities                             1,399   +      161   +      540        1,311
 
Note: Components may not sum to totals because of rounding.

1. Face value of the securities. Includes U.S. Treasury STRIPS and other zero-coupon bonds at face value and
   mortgage-backed securities at original face value.
2. Includes debt and mortgage-backed securities.
3. Fully collateralized by U.S. Treasury securities.

 
2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities,  February 16, 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)                               21            0            0       22,058            0           ...       22,078
U.S. Treasury securities (2)
  Holdings                                18,417       20,341       61,118      500,427      418,498       171,540    1,190,341
  Weekly changes                      +      760   -    2,411   +    8,779   +    9,942   +    4,343    +    1,840   +   23,254
Federal agency debt securities (3)
  Holdings                                 1,116       22,491       19,941       69,499       28,971         2,347      144,365
  Weekly changes                      +      611   +    3,490   -    3,679   -      681            0             0   -      259
Mortgage-backed securities (4)
  Holdings                                     0            0            0           22           22       958,400      958,444
  Weekly changes                               0            0            0   -        1            0    -    6,632   -    6,633
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)         57,826            0          ...          ...          ...           ...       57,826
Term deposits                                  0        5,070            0          ...          ...           ...        5,070
 
Note: Components may not sum to totals because of rounding.
. . . Not applicable.

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III
   LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation
   under generally accepted accounting principles.
2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of
   inflation on the original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal
   balance of the underlying mortgages.
5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.
6. Cash value of agreements.
7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency
   is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was
   acquired from the foreign central bank.

 
3. Supplemental Information on Mortgage-Backed Securities Purchase Program
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Feb 16, 2011 
 
Mortgage-backed securities held outright (1)                                                                             958,444

Commitments to buy mortgage-backed securities (2)                                                                              0
Commitments to sell mortgage-backed securities (2)                                                                             0

Cash and cash equivalents (3)                                                                                                  0
 
1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal
   balance of the underlying mortgages.
2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls,
   and coupon swaps.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8 and table 9.

 
4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Feb 16, 2011 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                             26,032

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 24,022
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         642
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,323
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
    December 31, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of
section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to
manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets.
Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses
of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to
JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.

 
5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Feb 16, 2011 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                          16,043

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 12,551
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         473
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                    1,076
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
    December 31, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of
   American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued
   interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table
   8 and table 9.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential
mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group,
Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred
payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.

 
6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Feb 16, 2011 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         22,814

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 12,434
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         567
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,388
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
    December 31, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector
collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written
credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the
related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to
AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.

 
7. Information on Principal Accounts of TALF LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Feb 16, 2011 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       686
Net portfolio holdings of TALF LLC                                                                                           686

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                      0
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                           0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3)                                        106
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF)
under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New
York (FRBNY) extends loans with a term of up to five years to holders of eligible asset-backed securities. The TALF is intended to
assist financial markets in accommodating the credit needs of consumers and businesses by facilitating the issuance of asset-backed
securities collateralized by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are
non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The loans
are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial
risk of a decline in the value of the security.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in
connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed
securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest.
Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF
LLC, by the interest received on investments of TALF LLC, by up to $4.3 billion in subordinated debt funding provided by the U.S.
Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio
holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S.
Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the
U.S. Treasury.

 
8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation   Feb 16, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                       Feb 9, 2011 Feb 17, 2010
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,289    -       20   +       97
  Securities, repurchase agreements, term auction
     credit, and other loans                                             2,315,229    +   16,329   +  244,331
    Securities held outright (1)                                         2,293,150    +   16,362   +  325,451
      U.S. Treasury securities                                           1,190,341    +   23,254   +  413,770
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                     1,111,685    +   21,574   +  402,813
        Notes and bonds, inflation-indexed (2)                              53,863    +    1,497   +   10,086
        Inflation compensation (3)                                           6,371    +      184   +      872
      Federal agency debt securities (2)                                   144,365    -      259   -   21,222
      Mortgage-backed securities (4)                                       958,444    -    6,633   -   67,097
    Repurchase agreements (5)                                                    0             0            0
    Term auction credit                                                          0             0   -   15,426
    Other loans                                                             22,078    -       34   -   65,696
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (6)                                                    0             0   -    7,721
  Net portfolio holdings of Maiden Lane LLC (7)                             26,032    -      533   -    1,178
  Net portfolio holdings of Maiden Lane II LLC (8)                          16,043    +        5   +      556
  Net portfolio holdings of Maiden Lane III LLC (9)                         22,814    -      214   +      422
  Net portfolio holdings of TALF LLC (10)                                      686             0   +      352
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (11)                                                           0             0   -   25,106
  Items in process of collection                             (99)              191    +      248   +      129
  Bank premises                                                              2,217    +        1   -       24
  Central bank liquidity swaps (12)                                             70             0   +       70
  Other assets (13)                                                        110,899    -    7,091   +   19,828

Total assets                                                 (99)        2,512,708    +    8,727   +  231,756
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation   Feb 16, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                       Feb 9, 2011 Feb 17, 2010
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                         951,429    +    4,169   +   58,444
  Reverse repurchase agreements (14)                                        57,826    +    1,804   +    2,938
  Deposits                                                    (0)        1,430,234    +    2,907   +  166,906
    Term deposits held by depository institutions                            5,070    +    5,070   +    5,070
    Other deposits held by depository institutions                       1,220,060    +   30,810   +   14,895
    U.S. Treasury, general account                                          54,561    -    7,955   +    4,859
    U.S. Treasury, supplementary financing account                         149,972    -   24,995   +  144,972
    Foreign official                                                           118             0   -    2,952
    Other                                                     (0)              454    -       23   +       63
  Deferred availability cash items                           (99)            1,978    -      250   -    1,229
  Other liabilities and accrued dividends (15)                              18,217    +       95   +    4,199

Total liabilities                                            (99)        2,459,684    +    8,725   +  231,259

Capital accounts
  Capital paid in                                                           26,512    +        1   +      747
  Surplus                                                                   26,512    +        1   +    1,289
  Other capital accounts                                                         0             0   -    1,539

Total capital                                                               53,024    +        2   +      497
 
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
   securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
   remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Includes the book value of the commercial paper, net of amortized costs and related fees, and other
   investments held by the Commercial Paper Funding Facility LLC.
7. Refer to table 4 and the note on consolidation accompanying table 9.
8. Refer to table 5 and the note on consolidation accompanying table 9.
9.  Refer to table 6 and the note on consolidation accompanying table 9.
10. Refer to table 7 and the note on consolidation accompanying table 9.
11. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank
    of New York has been paid in full for its	preferred interests in AIA Aurora LLC and ALICO Holdings LLC. A
    portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were
    held as agent by the Federal Reserve.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
    the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange
    rate used when the foreign currency was acquired from the foreign central bank.
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates
    and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to
    eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG
    recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY's preferred interests in
    AIA Aurora LLC and ALICO Holdings LLC.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
    securities, and mortgage-backed securities.
15. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to
    entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to
    the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation
    accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S.
    Treasury. Before the closing of the AIG recapitalization plan on January 14, 2011, included funds from
    American International Group, Inc. asset dispositions, held as agent.


 
9. Statement of Condition of Each Federal Reserve Bank,  February 16, 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                                           2,289          50          75         176         175         376         197         348          34          63         165         245         384
  Securities, repurchase agreements,
     term auction credit, and other
     loans                                   2,315,229      58,032     957,784      53,552      77,911     261,165     217,000     172,873      59,067      31,397      78,664      96,290     251,492
    Securities held outright (1)             2,293,150      58,032     935,727      53,552      77,911     261,165     216,995     172,872      59,067      31,393      78,664      96,290     251,481
      U.S. Treasury securities               1,190,341      30,124     485,722      27,798      40,443     135,567     112,639      89,735      30,661      16,296      40,834      49,983     130,540
        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)                  1,171,919      29,657     478,205      27,368      39,817     133,469     110,896      88,347      30,187      16,043      40,202      49,209     128,520
      Federal agency debt securities (2)       144,365       3,653      58,909       3,371       4,905      16,442      13,661      10,883       3,719       1,976       4,952       6,062      15,832
      Mortgage-backed securities (4)           958,444      24,255     391,096      22,382      32,564     109,156      90,695      72,254      24,688      13,121      32,879      40,246     105,109
    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                                 22,078           0      22,058           0           0           0           5           1           0           4           0           0          11
  Net portfolio holdings of Commercial
     Paper Funding Facility LLC (6)                  0           0           0           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane LLC (7)                               26,032           0      26,032           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (8)                            16,043           0      16,043           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (9)                           22,814           0      22,814           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (10)          686           0         686           0           0           0           0           0           0           0           0           0           0
  Preferred interests in AIA Aurora LLC
     and ALICO Holdings LLC (11)                     0           0           0           0           0           0           0           0           0           0           0           0           0
  Items in process of collection                   290           6           0          58          84           8          15          22           9          27          17          26          17
  Bank premises                                  2,217         126         255          68         140         239         217         208         136         107         264         246         213
  Central bank liquidity swaps (12)                 70           2          20           7           5          14           4           2           1           2           1           1          11
  Other assets (13)                            110,899       3,079      42,062       4,527       4,820      15,067       9,510       7,022       2,429       1,995       3,149       3,974      13,266
  Interdistrict settlement account                   0   -   9,012   + 245,900   +  45,917   -  24,826   -  69,687   -  60,638   -  42,632   -  20,145   -   5,489   -  23,884   -   5,842   -  29,663

Total assets                                 2,512,807      52,848   1,317,528     104,919      59,010     208,442     168,344     139,155      42,004      28,395      58,825      95,875     237,463
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
9. Statement of Condition of Each Federal Reserve Bank,  February 16, 2011 (continued)
Millions of dollars
                                               Total      Boston     New York   Philadelphia Cleveland   Richmond     Atlanta     Chicago    St. Louis  Minneapolis   Kansas      Dallas        San    
Assets, liabilities, and capital                                                                                                                                       City                  Francisco 
 
Liabilities
  Federal Reserve notes outstanding          1,115,445      41,303     379,804      46,074      46,151      90,362     139,722      85,672      32,178      19,736      32,994      75,322     126,126
    Less: Notes held by F.R. Banks             164,016       5,007      49,255       5,135       8,645      12,684      22,413      11,833       3,838       5,423       3,631      10,589      25,563
      Federal Reserve notes, net               951,429      36,296     330,550      40,939      37,506      77,678     117,309      73,839      28,340      14,314      29,363      64,733     100,563
  Reverse repurchase agreements (14)            57,826       1,463      23,596       1,350       1,965       6,586       5,472       4,359       1,489         792       1,984       2,428       6,342
  Deposits                                   1,430,234      12,973     934,274      56,991      14,973     112,395      41,778      58,935      11,454      11,050      26,602      27,498     121,309
    Term deposits held by depository
       institutions                              5,070          14       2,651         800          10         515           0         293          50          16           3           0         719
    Other deposits held by depository
       institutions                          1,220,060      12,955     726,767      56,187      14,959     111,770      41,776      58,617      11,351      11,030      26,598      27,498     120,552
    U.S. Treasury, general account              54,561           0      54,561           0           0           0           0           0           0           0           0           0           0
    U.S. Treasury, supplementary
       financing account                       149,972           0     149,972           0           0           0           0           0           0           0           0           0           0
    Foreign official                               118           1          90           4           3           8           2           1           0           1           0           1           6
    Other                                          454           3         233           0           1         102           0          24          53           3           1           0          32
  Deferred availability cash items               2,077          64           7         262         323          81         110         112          61         450         117         102         388
  Interest on Federal Reserve notes due
     to U.S. Treasury (15)                         830          21         234           5          24          90         115         104          33           9          43          50         102
  Other liabilities and accrued
     dividends (16)                             17,388         198      13,485         221         284         739         556         471         200         141         207         286         599

Total liabilities                            2,459,782      51,016   1,302,145      99,769      55,074     197,568     165,340     137,820      41,578      26,755      58,315      95,098     229,303

Capital
  Capital paid in                               26,512         916       7,692       2,575       1,968       5,437       1,502         667         213         820         255         388       4,080
  Surplus                                       26,512         916       7,692       2,575       1,968       5,437       1,502         667         213         820         255         388       4,080
  Other capital                                      0           0           0           0           0           0           0           0           0           0           0           0           0

Total liabilities and capital                2,512,807      52,848   1,317,528     104,919      59,010     208,442     168,344     139,155      42,004      28,395      58,825      95,875     237,463
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

9. Statement of Condition of Each Federal Reserve Bank,  February 16, 2011 (continued)
1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper Funding Facility LLC.
7. Refer to table 4 and the note on consolidation below.
8. Refer to table 5 and the note on consolidation below.
9.  Refer to table 6 and the note on consolidation below.
10. Refer to table 7 and the note on consolidation below.
11. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank of New York has been paid in full for its preferred interests in AIA Aurora LLC and ALICO
    Holdings LLC. A portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were held as agent by the Federal Reserve.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank of New York
    (FRBNY) to eligible	borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on January 14, 2011, included accrued dividends on the
    FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
15. Represents the estimated weekly remittances to U.S Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to
    capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the
    Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which
    requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the
    amount necessary to equate surplus with capital paid-in.
16. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have
    recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below. Before the closing of the AIG recapitalization plan on January 14,
    2011, included funds from American International Group, Inc. asset dispositions, held as agent.


Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was
extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector
collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan was extended to
Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc.
On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in
connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.

The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial
activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual
losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the
preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs
appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of
the LLCs, are included in other liabilities in this table (and table 1 and table 8).

 
10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
                                                                                            Wednesday   
Federal Reserve notes and collateral                                                       Feb 16, 2011 
 
Federal Reserve notes outstanding                                                          1,115,445
  Less: Notes held by F.R. Banks not subject to collateralization                            164,016
    Federal Reserve notes to be collateralized                                               951,429
Collateral held against Federal Reserve notes                                                951,429
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   935,192
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,293,150
  Less: Face value of securities under reverse repurchase agreements                          51,406
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,241,744
 
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.