FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks January 27, 2011

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

Jan 26, 2011 Week ended

Jan 26, 2011

Change from week ended

Jan 19, 2011 Jan 27, 2010

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,419,420 + 3,112 + 184,733 2,426,389

Securities held outright1 2,216,739 + 10,200 + 304,049 2,224,149

U.S. Treasury securities 1,096,402 + 24,783 + 319,786 1,114,448

Bills2 18,423 0 0 18,423

Notes and bonds, nominal2 1,021,561 + 24,239 + 312,689 1,039,604

Notes and bonds, inflation-indexed2 50,372 + 698 + 6,595 50,372

Inflation compensation3 6,047 - 154 + 503 6,049

Federal agency debt securities2 144,804 - 1,400 - 18,029 144,624

Mortgage-backed securities4 975,533 - 13,184 + 2,292 965,077

Repurchase agreements5 0 0 0 0

Term auction credit 0 0 - 38,531 0

Other loans 23,573 - 3,055 - 63,802 23,259

Primary credit 39 - 8 - 14,816 54

Secondary credit 0 - 2 - 985 0

Seasonal credit 10 0 + 10 10

Credit extended to American International

Group, Inc., net6 0 - 2,904 - 24,440 0

Term Asset-Backed Securities Loan Facility7 23,524 - 142 - 23,570 23,195

Other credit extensions 0 0 0 0

Net portfolio holdings of Commercial Paper

Funding Facility LLC8 0 0 - 11,199 0

Net portfolio holdings of Maiden Lane LLC9 26,399 - 61 - 362 26,431

Net portfolio holdings of Maiden Lane II LLC10 15,959 + 13 + 533 16,002

Net portfolio holdings of Maiden Lane III LLC11 22,430 - 115 - 42 22,437

Net portfolio holdings of TALF LLC12 674 + 9 + 345 686

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC6 0 - 3,769 - 25,106 0

Float -1,600 + 203 + 383 -1,464

Central bank liquidity swaps13 70 0 - 105 70

Other Federal Reserve assets14 115,177 - 311 + 18,571 114,818

Gold stock 11,041 0 0 11,041

Special drawing rights certificate account 5,200 0 0 5,200

Treasury currency outstanding15 43,605 + 14 + 878 43,605

Total factors supplying reserve funds 2,479,266 + 3,126 + 185,611 2,486,235

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

Jan 26, 2011 Week ended

Jan 26, 2011

Change from week ended

Jan 19, 2011 Jan 27, 2010

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation15 976,013 - 2,508 + 58,091 976,457

Reverse repurchase agreements16 52,599 - 1,188 - 4,728 52,620

Foreign official and international accounts 52,599 - 1,188 - 4,728 52,620

Others 0 0 0 0

Treasury cash holdings 200 + 5 - 48 176

Deposits with F.R. Banks, other than reserve balances 300,077 + 3,595 + 153,199 302,512

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, general account 91,704 + 32,746 - 43,334 94,186

U.S. Treasury, supplementary financing account 199,962 + 1 + 194,961 199,962

Foreign official 5,287 + 975 + 1,714 5,149

Service-related 2,362 0 - 399 2,362

Required clearing balances 2,362 0 - 399 2,362

Adjustments to compensate for float 0 0 0 0

Other 762 - 30,126 + 257 854

Funds from American International Group, Inc. asset

dispositions, held as agent6 0 - 3,842 0 0

Other liabilities and capital17 72,321 + 221 + 5,596 70,505

Total factors, other than reserve balances,

absorbing reserve funds 1,401,209 - 3,719 + 212,109 1,402,270

Reserve balances with Federal Reserve Banks 1,078,057 + 6,845 - 26,498 1,083,965

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.
H.4.1

1A. Memorandum Items

Millions of dollars

Averages of daily figures Wednesday

Jan 26, 2011 Week ended

Jan 26, 2011

Change from week ended

Jan 19, 2011 Jan 27, 2010

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,351,017 + 7,814 + 402,904 3,352,896

U.S. Treasury securities 2,603,069 + 4,958 + 423,605 2,603,987

Federal agency securities2 747,948 + 2,856 - 20,702 748,909

Securities lent to dealers 13,441 - 1,582 + 8,558 17,796

Overnight facility3 13,441 - 1,582 + 8,558 17,796

U.S. Treasury securities 11,689 - 1,929 + 7,306 16,084

Federal agency debt securities 1,751 + 346 + 1,251 1,712

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

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

face value.

2. Includes debt and mortgage-backed securities.

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

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, January 26, 2011

Millions of dollars

Within 15

days

16 days to

90 days

91 days to

1 year

Over 1 year

to 5 years

Over 5 years

to 10 years

Over 10

years

Remaining maturity All

Other loans1 64 0 0 23,195 0 ... 23,259

U.S. Treasury securities2

Holdings 16,873 19,520 55,715 471,112 386,665 164,564 1,114,448

Weekly changes + 2,157 - 2,156 0 + 14,759 + 17,909 + 2,202 + 34,870

Federal agency debt securities3

Holdings 0 18,438 24,688 70,180 28,971 2,347 144,624

Weekly changes - 1,261 + 2,274 - 2,274 0 0 0 - 1,261

Mortgage-backed securities4

Holdings 0 0 0 23 21 965,033 965,077

Weekly changes 0 0 0 0 - 1 - 15,079 - 15,080

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

Repurchase agreements6 0 0 ... ... ... ... 0

Central bank liquidity swaps7 70 0 0 0 0 0 70

Reverse repurchase agreements6 52,620 0 ... ... ... ... 52,620

Term deposits 0 0 0 ... ... ... 0

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

. . . Not applicable.

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden

Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY’s statement of condition consistent with consolidation

under generally accepted accounting principles.

2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the

original face value of such securities.

3. Face value.

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

underlying mortgages.

5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.

6. Cash value of agreements.

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

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

central bank.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities Purchase Program

Millions of dollars

Wednesday

Jan 26, 2011 Account name

Mortgage-backed securities held outright1 965,077

Commitments to buy mortgage-backed securities2 0

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 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

Jan 26, 2011 Account name

Net portfolio holdings of Maiden Lane LLC1 26,431

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 24,585

Accrued interest payable to the Federal Reserve Bank of New York2 631

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 1,320

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of September 30, 2010. Any assets purchased after

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

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

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

Jan 26, 2011 Account name

Net portfolio holdings of Maiden Lane II LLC1 16,002

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 12,777

Accrued interest payable to the Federal Reserve Bank of New York2 463

Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3 1,074

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of September 30, 2010. Any assets purchased after

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

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

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

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday

Jan 26, 2011 Account name

Net portfolio holdings of Maiden Lane III LLC1 22,437

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 12,668

Accrued interest payable to the Federal Reserve Bank of New York2 558

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 5,378

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of September 30, 2010. Any assets purchased after

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

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

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

Jan 26, 2011 Account name

Asset-backed securities holdings1 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 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 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.
H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Eliminations from

consolidation

Wednesday

Jan 26, 2011

Change since

Wednesday

Jan 19, 2011

Wednesday

Jan 27, 2010

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,318 + 72 + 88

Securities, repurchase agreements, term auction

credit, and other loans 2,247,408 + 18,100 + 210,951

Securities held outright1 2,224,149 + 18,530 + 314,129

U.S. Treasury securities 1,114,448 + 34,870 + 337,829

Bills2 18,423 0 0

Notes and bonds, nominal2 1,039,604 + 34,865 + 330,732

Notes and bonds, inflation-indexed2 50,372 0 + 6,595

Inflation compensation3 6,049 + 5 + 502

Federal agency debt securities2 144,624 - 1,261 - 19,049

Mortgage-backed securities4 965,077 - 15,080 - 4,651

Repurchase agreements5 0 0 0

Term auction credit 0 0 - 38,531

Other loans 23,259 - 429 - 64,647

Net portfolio holdings of Commercial Paper

Funding Facility LLC6 0 0 - 8,655

Net portfolio holdings of Maiden Lane LLC7 26,431 + 38 - 347

Net portfolio holdings of Maiden Lane II LLC8 16,002 + 51 + 509

Net portfolio holdings of Maiden Lane III LLC9 22,437 + 9 - 45

Net portfolio holdings of TALF LLC10 686 + 21 + 352

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC11 0 0 - 25,106

Items in process of collection (109) 352 - 113 + 43

Bank premises 2,221 - 1 - 24

Central bank liquidity swaps12 70 0 - 105

Other assets13 112,597 + 315 + 18,934

Total assets (109) 2,446,760 + 18,492 + 196,596

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

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

Millions of dollars

Eliminations from

consolidation

Wednesday

Jan 26, 2011

Change since

Wednesday

Jan 19, 2011

Wednesday

Jan 27, 2010

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 935,342 - 2,062 + 56,967

Reverse repurchase agreements14 52,620 - 312 - 5,174

Deposits (0) 1,386,477 + 23,069 + 140,134

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 1,086,327 + 22,370 - 24,410

U.S. Treasury, general account 94,186 + 63 - 32,586

U.S. Treasury, supplementary financing account 199,962 + 1 + 194,961

Foreign official 5,149 + 239 + 1,683

Other (0) 854 + 397 + 487

Deferred availability cash items (109) 1,816 - 943 - 601

Other liabilities and accrued dividends15 17,441 - 1,260 + 4,577

Total liabilities (109) 2,393,697 + 18,492 + 195,904

Capital accounts

Capital paid in 26,532 + 1 + 864

Surplus 26,532 + 1 + 1,238

Other capital accounts 0 0 - 1,408

Total capital 53,063 0 + 692

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.
H.4.1

9. Statement of Condition of Each Federal Reserve Bank, January 26, 2011Millions of dollars

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

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 369 4,038 404 463 846 1,385 887 324 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 Coin 2,318 50 78 178 175 373 203 354 40 Securities, repurchase agreements,

term auction credit, and otherloans 2,247,408 56,306 930,765 51,940 75,567 253,310 210,466 167,690 57,291 

Securities held outright1 2,224,149 56,286 907,570 51,940 75,567 253,307 210,466 167,670 57,290 

U.S. Treasury securities 1,114,448 28,203 454,754 26,026 37,864 126,924 105,458 84,014 28,706 

Bills2 18,423 466 7,517 430 626 2,098 1,743 1,389 475 Notes and bonds3 1,096,025 27,737 447,236 25,595 37,238 124,825 103,714 82,625 28,232 

Federal agency debt securities2 144,624 3,660 59,014 3,377 4,914 16,471 13,685 10,903 3,725 

Mortgage-backed securities4 965,077 24,423 393,803 22,537 32,789 109,912 91,323 72,754 24,859 

Repurchase agreements5 0 0 0 0 0 0 0 0 0 Term auction credit 0 0 0 0 0 0 0 0 0 Other loans 23,259 20 23,195 0 0 3 0 20 1 

Net portfolio holdings of Commercial

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

Net portfolio holdings of Maiden

Lane LLC7 26,431 0 26,431 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane II LLC8 16,002 0 16,002 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane III LLC9 22,437 0 22,437 0 0 0 0 0 0 

Net portfolio holdings of TALF LLC10 686 0 686 0 0 0 0 0 0 

Preferred interests in AIA Aurora LLC

and ALICO Holdings LLC11 0 0 0 0 0 0 0 0 0 

Items in process of collection 462 6 0 56 91 8 84 38 70 Bank premises 2,221 126 256 69 140 238 218 208 136 Central bank liquidity swaps12 70 3 20 8 5 19 4 2 1 Other assets13 112,597 3,186 42,714 4,918 4,904 17,209 9,784 7,106 2,490 Interdistrict settlement account 0 - 6,871 + 306,561 + 37,650 - 23,168 - 105,127 - 60,909 - 36,566 - 20,747 - 

Total assets 2,446,870 53,370 1,351,807 95,433 58,414 167,288 161,890 140,143 39,753 

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

9. Statement of Condition of Each Federal Reserve Bank, January 26, 2011 (continued)Millions of dollars

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

Assets, liabilities, and capital

Liabilities

Federal Reserve notes outstanding 1,118,051 41,108 381,471 45,478 46,092 90,166 141,074 85,830 32,241 

Less: Notes held by F.R. Banks 182,709 5,188 58,208 5,364 8,859 14,137 23,615 12,803 4,705 

Federal Reserve notes, net 935,342 35,920 323,263 40,115 37,232 76,029 117,459 73,027 27,536 

Reverse repurchase agreements14 52,620 1,332 21,472 1,229 1,788 5,993 4,979 3,967 1,355 

Deposits 1,386,477 13,998 978,581 48,457 14,806 73,493 35,677 61,161 10,154 

Term deposits held by depository

institutions 0 0 0 0 0 0 0 0 0 

Other deposits held by depository

institutions 1,086,327 13,963 678,748 48,452 14,802 73,352 35,675 61,134 10,096 

U.S. Treasury, general account 94,186 0 94,186 0 0 0 0 0 0 U.S. Treasury, supplementary

financing account 199,962 0 199,962 0 0 0 0 0 0 

Foreign official 5,149 1 5,120 4 3 11 2 1 0 Other 854 33 565 1 1 130 0 26 58 

Deferred availability cash items 1,926 62 0 237 358 75 99 122 58 Interest on Federal Reserve notes due

to U.S. Treasury15 1,292 46 505 44 33 171 131 84 34 

Other liabilities and accrued

dividends16 16,149 179 12,621 202 262 650 505 437 184 

Total liabilities 2,393,806 51,537 1,336,441 90,284 54,479 156,411 158,850 138,797 39,323 Capital

Capital paid in 26,532 916 7,683 2,575 1,968 5,439 1,520 673 215 Surplus 26,532 916 7,683 2,575 1,968 5,439 1,520 673 215 Other capital 0 0 0 0 0 0 0 0 0 

Total liabilities and capital 2,446,870 53,370 1,351,807 95,433 58,414 167,288 161,890 140,143 39,753 

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

9. Statement of Condition of Each Federal Reserve Bank, January 26, 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 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. Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper Funding Facilit7. 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 inte

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 Res

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 the fair value adjustment to credit extended by 

of New York (FRBNY) to eligible	borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on Janudividends 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 

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 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 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 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 Y

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 recapitincluded 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 Resewas 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 multi-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 primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily respoTALF 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 Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNcondition 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 (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 LLCsin this table (and table 1 and table 8).
H.4.1

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

Millions of dollars

Wednesday

Jan 26, 2011 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,118,051

Less: Notes held by F.R. Banks not subject to collateralization 182,709

Federal Reserve notes to be collateralized 935,342

Collateral held against Federal Reserve notes 935,342

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 919,105

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,224,149

Less: Face value of securities under reverse repurchase agreements 46,409

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,177,740

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.