FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks March 4, 2010

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

 Mar 3, 2010 Week ended

 Mar 3, 2010

Change from week ended

Feb 24, 2010 Mar 4, 2009

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,262,718 - 6,710 + 371,509 2,262,079

Securities held outright1 1,970,843 - 4,441 +1,389,122 1,970,892

U.S. Treasury securities 776,542 - 15 + 301,935 776,553

Bills2 18,423 0 0 18,423

Notes and bonds, nominal2 708,872 0 + 295,958 708,872

Notes and bonds, inflation-indexed2 43,777 0 + 4,399 43,777

Inflation compensation3 5,471 - 14 + 1,578 5,481

Federal agency debt securities2 167,511 + 1,519 + 129,259 167,511

Mortgage-backed securities4 1,026,789 - 5,946 + 957,927 1,026,828

Repurchase agreements5 0 0 0 0

Term auction credit 15,425 0 - 477,720 15,425

Other loans 86,548 - 659 - 54,397 85,998

Primary credit 13,773 - 187 - 52,188 13,731

Secondary credit 800 - 14 + 800 800

Seasonal credit 4 + 4 + 2 9

Primary dealer and other broker-dealer credit6 0 0 - 23,799 0

Asset-Backed Commercial Paper Money Market

Mutual Fund Liquidity Facility 0 0 - 9,531 0

Credit extended to American International

Group, Inc., net7 25,210 - 263 - 16,442 25,109

Term Asset-Backed Securities Loan Facility, net8 46,762 - 198 + 46,762 46,349

Other credit extensions 0 0 0 0

Net portfolio holdings of Commercial Paper

Funding Facility LLC9 7,742 + 18 - 234,310 7,746

Net portfolio holdings of Maiden Lane LLC10 27,235 + 24 + 1,246 27,260

Net portfolio holdings of Maiden Lane II LLC11 15,552 + 64 - 3,103 15,563

Net portfolio holdings of Maiden Lane III LLC12 22,407 + 14 - 5,295 22,435

Net portfolio holdings of TALF LLC13 372 + 22 + 372 372

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC14 25,106 0 + 25,106 25,106

Float -1,840 - 126 + 454 -2,388

Central bank liquidity swaps15 0 0 - 320,389 0

Other Federal Reserve assets16 93,328 - 1,625 + 50,424 93,671

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding17 42,803 + 14 + 625 42,803

Total factors supplying reserve funds 2,321,762 - 6,696 + 375,134 2,321,124

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

 Mar 3, 2010 Week ended

 Mar 3, 2010

Change from week ended

Feb 24, 2010 Mar 4, 2009

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation17 931,927 + 238 + 33,435 933,237

Reverse repurchase agreements18 56,575 + 1,271 - 16,050 55,205

Foreign official and international accounts 56,575 + 1,271 - 16,050 55,205

Dealers 0 0 0 0

Treasury cash holdings 200 - 4 - 84 205

Deposits with F.R. Banks, other than reserve balances 69,968 + 24,675 - 206,351 84,122

U.S. Treasury, general account 38,894 + 6,003 - 13,519 53,279

U.S. Treasury, supplementary financing account 24,997 + 19,997 - 174,953 24,997

Foreign official 2,937 - 1,055 + 1,390 2,795

Service-related 2,741 - 5 - 1,725 2,741

Required clearing balances 2,741 - 5 - 1,725 2,741

Adjustments to compensate for float 0 0 0 0

Other 399 - 265 - 17,543 310

Other liabilities and capital19 66,374 - 2,011 + 15,042 65,347

Total factors, other than reserve balances,

absorbing reserve funds 1,125,044 + 24,169 - 174,007 1,138,117

Reserve balances with Federal Reserve Banks 1,196,718 - 30,866 + 549,142 1,183,007

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of

the underlying mortgages.

5. Cash value of agreements.

6. Includes credit extended through the Primary Dealer Credit Facility and credit extended to certain other broker-dealers.

7. Includes outstanding principal and capitalized interest net of unamortized deferred commitment fees and allowance for loan restructuring.

Excludes credit extended to consolidated LLCs.

8. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility, net of

unamortized deferred administrative fees.

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

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

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

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

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

14.Refer to table 9.

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

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

foreign central bank.

16.Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, and accrued dividends on the Federal

Reserve Bank of New York’s preferred interests in AIA Aurora LLC and ALICO Holdings LLC.

17.Estimated.

18.Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt securities.

19.Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities

other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4

through table 8 and the note on consolidation accompanying table 11.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
H.4.1

1A. Memorandum Items

Millions of dollars

Averages of daily figures Wednesday

 Mar 3, 2010 Week ended

 Mar 3, 2010

Change from week ended

Feb 24, 2010 Mar 4, 2009

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 2,968,916 + 4,350 + 372,476 2,974,441

U.S. Treasury securities 2,201,036 + 4,301 + 421,780 2,205,525

Federal agency securities2 767,880 + 49 - 49,304 768,916

Securities lent to dealers 5,493 + 414 - 112,360 5,793

Overnight facility3 5,493 + 414 - 190 5,793

U.S. Treasury securities 4,590 + 307 - 1,093 4,894

Federal agency debt securities 904 + 108 + 904 899

Term facility4 0 0 - 112,170 0

Note: Components may not sum to totals because of rounding.

1. Face value of the securities. Includes U.S. Treasury STRIPS, other zero-coupon bonds, and mortgage-backed securities at face value.

2. Includes debt and mortgage-backed securities.

3. Fully collateralized by U.S. Treasury securities.

4. U.S. Treasury securities only. Fully collateralized by U.S. Treasury securities, federal agency securities, and other highly rated debt securities.

2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, March 3, 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

Term auction credit 15,425 0 ... ... ... ... 15,425

Other loans1 14,422 118 0 71,458 0 ... 85,998

U.S. Treasury securities2

Holdings 13,013 28,272 44,019 333,475 214,048 143,726 776,553

Weekly changes - 4,528 + 4,084 + 3,477 - 3,818 + 787 + 2 + 4

Federal agency debt securities3

Holdings 1,523 2,273 23,466 103,372 34,530 2,347 167,511

Weekly changes + 1,523 - 861 + 208 + 108 0 0 + 978

Mortgage-backed securities4

Holdings 0 0 0 17 20 1,026,790 1,026,828

Weekly changes 0 0 0 - 1 - 1 - 5,731 - 5,732

Commercial paper held by

Commercial Paper Funding

Facility LLC5 0 2,966 0 ... ... ... 2,966

Asset-backed securities held by

TALF LLC6 0 0 0 0 0 0 0

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

Reverse repurchase agreements7 55,205 0 ... ... ... ... 55,205

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.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities Purchase Program

Millions of dollars

Wednesday

 Mar 3, 2010 Account name

Mortgage-backed securities held outright1 1,026,828

Commitments to buy mortgage-backed securities2 121,796

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 176

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

 Mar 3, 2010 Account name

Net portfolio holdings of Maiden Lane LLC1 27,260

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 440

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 1,259

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2009. Any assets purchased after

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

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

consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11.

3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in

table 10 and table 11.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3)

of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets

through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from

the proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest

due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the

FRBNY.

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Wednesday

 Mar 3, 2010 Account name

Net portfolio holdings of Maiden Lane II LLC1 15,563

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 15,207

Accrued interest payable to the Federal Reserve Bank of New York2 299

Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3 1,042

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2009. Any assets purchased after

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

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

consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11.

3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American

International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are

included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 10 and table 11.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority

of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the

U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II

LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane II LLC, principal due to

the FRBNY, interest due to the FRBNY, and deferred payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the

FRBNY and AIG subsidiaries.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday

 Mar 3, 2010 Account name

Net portfolio holdings of Maiden Lane III LLC1 22,435

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 17,367

Accrued interest payable to the Federal Reserve Bank of New York2 378

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 5,222

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2009. Any assets purchased after

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

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

consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11.

3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in

table 10 and table 11.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority

of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations

(CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In

connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane

III LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due

to the FRBNY, interest due to the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and

AIG.

7. Information on Principal Accounts of Commercial Paper Funding Facility LLC

Millions of dollars

Wednesday

 Mar 3, 2010 Account name

Commercial paper holdings, net1 2,869

Other investments, net 4,877

Net portfolio holdings of Commercial Paper Funding Facility LLC 7,746

Memorandum: Commercial paper holdings, face value 2,966

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 2,942

Accrued interest payable to the Federal Reserve Bank of New York2 1

1. Book value, which includes amortized cost and related fees.

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

consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11.

Note: On October 27, 2008, the Federal Reserve Bank of New York began extending loans under the authority of section 13(3) of the Federal

Reserve Act to Commercial Paper Funding Facility LLC. This LLC is a limited liability company formed to purchase three-month U.S.

dollar-denominated commercial paper from eligible issuers and thereby foster liquidity in short-term funding markets and increase the availability

of credit for businesses and households.
H.4.1

8. Information on Principal Accounts of TALF LLC

Millions of dollars

Wednesday

 Mar 3, 2010 Account name

Asset-backed securities holdings1 0

Other investments, net 372

Net portfolio holdings of TALF LLC 372

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 103

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly

market on the measurement date.

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

under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11.

3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 10

and table 11.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF) under the authority

of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New York (FRBNY) extends loans with a term

of up to five years to holders of eligible asset-backed securities. The TALF is intended to assist financial markets in accommodating the credit needs of

consumers and businesses by facilitating the issuance of asset-backed securities collateralized by a variety of consumer and business loans. The loans

provided through the TALF to eligible borrowers are non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the

collateral to the FRBNY. The loans are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears

the initial risk of a decline in the value of the security.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the

decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed securities received by the FRBNY in

conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Losses on asset-backed securities held by TALF LLC will

be offset in the following order: by the commitment fees collected by TALF LLC, by the interest received on investments of TALF LLC, by up to $20 billion

in subordinated debt funding provided by the U.S. Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the

proceeds of its net portfolio holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the

U.S. Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the U.S. Treasury.

9. Supplemental Information on the Federal Reserve Bank of New York’s Preferred Interests in

AIA Aurora LLC and ALICO Holdings LLC

Millions of dollars

Wednesday

 Mar 3, 2010 Account name

Preferred interests in AIA Aurora LLC and ALICO Holdings LLC1 25,106

Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC2 213

Preferred interests in AIA Aurora LLC1 16,068

Accrued dividends on preferred interests in AIA Aurora LLC2 136

Preferred interests in ALICO Holdings LLC1 9,038

Accrued dividends on preferred interests in ALICO Holdings LLC2 77

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

 Mar 3, 2010

Change since

Wednesday

Feb 24, 2010

Wednesday

 Mar 4, 2009

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

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

Coin 2,150 - 16 + 302

Securities, repurchase agreements, term auction

credit, and other loans 2,072,315 - 4,778 + 857,068

Securities held outright1 1,970,892 - 4,749 +1,389,133

U.S. Treasury securities 776,553 + 4 + 301,934

Bills2 18,423 0 0

Notes and bonds, nominal2 708,872 0 + 295,958

Notes and bonds, inflation-indexed2 43,777 0 + 4,399

Inflation compensation3 5,481 + 4 + 1,576

Federal agency debt securities2 167,511 + 978 + 129,273

Mortgage-backed securities4 1,026,828 - 5,732 + 957,926

Repurchase agreements5 0 0 0

Term auction credit 15,425 0 - 477,720

Other loans 85,998 - 28 - 54,345

Net portfolio holdings of Commercial Paper

Funding Facility LLC6 7,746 + 12 - 233,550

Net portfolio holdings of Maiden Lane LLC7 27,260 + 45 + 1,153

Net portfolio holdings of Maiden Lane II LLC8 15,563 + 71 - 3,145

Net portfolio holdings of Maiden Lane III LLC9 22,435 + 36 - 5,310

Net portfolio holdings of TALF LLC10 372 0 + 372

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC11 25,106 0 + 25,106

Items in process of collection (80) 334 - 76 - 371

Bank premises 2,236 - 6 + 54

Central bank liquidity swaps12 0 0 - 315,211

Other assets13 91,769 - 1,270 + 51,257

Total assets (80) 2,283,522 - 5,982 + 380,724

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

 Mar 3, 2010

Change since

Wednesday

Feb 24, 2010

Wednesday

 Mar 4, 2009

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 892,784 + 722 + 32,314

Reverse repurchase agreements14 55,205 - 1,358 - 16,057

Deposits (0) 1,267,463 - 4,749 + 351,563

Depository institutions 1,186,082 - 62,841 + 566,369

U.S. Treasury, general account 53,279 + 40,357 - 15,003

U.S. Treasury, supplementary financing account 24,997 + 19,997 - 174,953

Foreign official 2,795 - 1,838 + 1,155

Other (0) 310 - 423 - 26,005

Deferred availability cash items (80) 2,722 + 588 - 932

Other liabilities and accrued dividends15 12,072 - 1,177 + 3,259

Total liabilities (80) 2,230,246 - 5,973 + 370,148

Capital accounts

Capital paid in 25,855 + 57 + 3,661

Surplus 25,474 + 199 + 5,207

Other capital accounts 1,947 - 265 + 1,709

Total capital 53,276 - 9 + 10,577

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, and accrued dividends on the Federal

Reserve Bank of New York’s preferred interests in AIA Aurora LLC and ALICO Holdings LLC.

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, March 3, 2010Millions of dollars

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

Assets, liabilities, and capital

AssetsGold certificate account 11,037 412 3,895 450 467 882 1,356 911 329 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 Coin 2,150 74 83 174 160 313 208 332 31 Securities, repurchase agreements, term

auction credit, and other loans 2,072,315 37,876 866,532 31,070 77,975 71,458 238,205 214,211 77,396 

Securities held outright1 1,970,892 37,808 770,373 30,577 77,866 71,025 237,465 213,272 77,212 

U.S. Treasury securities 776,553 14,897 303,535 12,047 30,680 27,985 93,564 84,031 30,422 

Bills2 18,423 353 7,201 286 728 664 2,220 1,994 722 

Notes and bonds3 758,130 14,543 296,334 11,762 29,952 27,321 91,344 82,038 29,701 

Federal agency debt securities2 167,511 3,213 65,476 2,599 6,618 6,037 20,183 18,126 6,562 

Mortgage-backed securities4 1,026,828 19,698 401,362 15,930 40,568 37,004 123,719 111,114 40,227 

Repurchase agreements5 0 0 0 0 0 0 0 0 0 Term auction credit 15,425 25 10,571 456 109 363 678 794 183 Other loans 85,998 43 85,588 38 0 70 62 145 1 

Net portfolio holdings of Commercial

Paper Funding Facility LLC6 7,746 0 7,746 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane LLC7 27,260 0 27,260 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane II LLC8 15,563 0 15,563 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane III LLC9 22,435 0 22,435 0 0 0 0 0 0 

Net portfolio holdings of TALF LLC10 372 0 372 0 0 0 0 0 0 

Preferred interests in AIA Aurora LLC

and ALICO Holdings LLC11 25,106 0 25,106 0 0 0 0 0 0 

Items in process of collection 414 30 0 37 126 11 47 25 5 Bank premises 2,236 121 260 70 143 237 220 207 136 Central bank liquidity swaps12 0 0 0 0 0 0 0 0 0 Other assets13 91,769 2,228 33,386 3,931 4,488 9,555 9,490 7,692 2,822 Interdistrict settlement account 0 + 4,312 + 94,900 + 46,108 - 21,926 + 219,935 - 93,552 - 100,182 - 36,874 - Total assets 2,283,601 45,250 1,099,356 82,050 61,671 302,804 156,628 123,619 43,994 

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, March 3, 2010 (continued)Millions of dollars

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

Assets, liabilities, and capital

LiabilitiesFederal Reserve notes outstanding 1,079,356 35,303 394,648 38,735 44,411 81,938 137,621 85,281 32,639 

Less: Notes held by F.R. Banks 186,572 4,511 65,778 5,654 7,459 10,394 32,796 11,473 3,886 

Federal Reserve notes, net 892,784 30,792 328,869 33,081 36,953 71,544 104,825 73,808 28,753 

Reverse repurchase agreements14 55,205 1,059 21,578 856 2,181 1,989 6,651 5,974 2,163 

Deposits 1,267,463 11,231 724,758 42,186 17,468 214,466 40,915 41,618 12,236 

Depository institutions 1,186,082 11,220 643,501 42,181 17,465 214,384 40,913 41,606 12,234 U.S. Treasury, general account 53,279 0 53,279 0 0 0 0 0 0 U.S. Treasury, supplementary

financing account 24,997 0 24,997 0 0 0 0 0 0 

Foreign official 2,795 1 2,767 4 3 11 2 1 0 Other 310 10 213 0 0 71 0 11 2 

Deferred availability cash items 2,802 96 0 236 865 104 186 189 64 Other liabilities and accrued

dividends15 12,072 176 8,206 196 280 495 639 560 240 

Total liabilities 2,230,326 43,354 1,083,411 76,556 57,747 288,598 153,217 122,149 43,455 CapitalCapital paid in 25,855 914 7,531 2,855 1,922 7,128 1,599 645 236 Surplus 25,474 945 7,499 2,640 1,910 7,078 1,581 620 240 Other capital 1,947 37 914 0 91 0 231 206 63 Total liabilities and capital 2,283,601 45,250 1,099,356 82,050 61,671 302,804 156,628 123,619 43,994 

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, March 3, 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, and accrued dividends on the Federal Reserve Ba

in AIA Aurora LLC and ALICO Holdings LLC.

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

 Mar 3, 2010 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,079,356

Less: Notes held by F.R. Banks not subject to collateralization 186,572

Federal Reserve notes to be collateralized 892,784

Collateral held against Federal Reserve notes 892,784

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 876,547

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 1,970,892

Less: Face value of securities under reverse repurchase agreements 54,514

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,916,378

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.