FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks May 27, 2010

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

May 26, 2010 Week ended

May 26, 2010

Change from week ended

May 19, 2010 May 27, 2009

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,323,752 - 15,319 + 248,076 2,316,843

Securities held outright1 2,062,171 - 3,358 + 953,937 2,057,164

U.S. Treasury securities 776,862 + 43 + 179,283 776,877

Bills2 18,423 0 0 18,423

Notes and bonds, nominal2 712,023 0 + 179,058 712,023

Notes and bonds, inflation-indexed2 41,125 0 - 350 41,125

Inflation compensation3 5,290 + 43 + 574 5,306

Federal agency debt securities2 167,377 - 370 + 87,624 167,377

Mortgage-backed securities4 1,117,932 - 3,031 + 687,030 1,112,910

Repurchase agreements5 0 0 0 0

Term auction credit 0 0 - 372,541 0

Other loans 75,219 - 1,013 - 49,013 74,937

Primary credit 4,315 - 799 - 33,838 4,209

Secondary credit 400 0 + 371 400

Seasonal credit 48 + 4 + 33 43

Asset-Backed Commercial Paper Money Market

Mutual Fund Liquidity Facility 0 0 - 26,423 0

Credit extended to American International

Group, Inc., net6 26,133 - 43 - 18,024 26,110

Term Asset-Backed Securities Loan Facility7 44,322 - 175 + 28,868 44,175

Other credit extensions 0 0 0 0

Net portfolio holdings of Commercial Paper

Funding Facility LLC8 2 0 - 154,692 2

Net portfolio holdings of Maiden Lane LLC9 28,311 + 42 + 2,623 28,329

Net portfolio holdings of Maiden Lane II LLC10 15,856 + 14 - 319 15,910

Net portfolio holdings of Maiden Lane III LLC11 23,373 + 10 + 3,006 23,380

Net portfolio holdings of TALF LLC12 472 + 33 + 472 478

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC13 25,416 0 + 25,416 25,416

Float -1,712 + 182 + 263 -1,819

Central bank liquidity swaps14 1,242 - 7,963 - 183,690 1,242

Other Federal Reserve assets15 93,403 - 3,266 + 22,615 91,805

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding16 42,857 + 14 + 527 42,857

Total factors supplying reserve funds 2,382,850 - 15,305 + 251,603 2,375,941

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

May 26, 2010 Week ended

May 26, 2010

Change from week ended

May 19, 2010 May 27, 2009

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation16 937,689 + 115 + 29,029 940,424

Reverse repurchase agreements17 58,080 + 1,754 - 11,948 58,158

Foreign official and international accounts 58,080 + 1,754 - 11,948 58,158

Dealers 0 0 0 0

Treasury cash holdings 196 + 9 - 102 205

Deposits with F.R. Banks, other than reserve balances 230,481 - 8,034 - 3,084 221,040

U.S. Treasury, general account 26,077 + 4,918 - 615 16,728

U.S. Treasury, supplementary financing account 199,957 - 2 + 25 199,957

Foreign official 1,442 - 162 - 938 1,349

Service-related 2,643 - 20 - 1,582 2,643

Required clearing balances 2,643 - 20 - 1,582 2,643

Adjustments to compensate for float 0 0 0 0

Other 361 - 12,769 + 25 362

Other liabilities and capital18 71,701 - 1,654 + 20,535 70,675

Total factors, other than reserve balances,

absorbing reserve funds 1,298,146 - 7,810 + 34,429 1,290,501

Reserve balances with Federal Reserve Banks 1,084,704 - 7,495 + 217,174 1,085,440

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

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

2. Face value of the securities.

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

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

the underlying mortgages.

5. Cash value of agreements.

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

Excludes credit extended to consolidated LLCs.

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

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

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

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

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

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

13.Refer to table 9.

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

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

foreign central bank.

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

Reserve Bank of New York’s (FRBNY) preferred interests in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by

the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

16.Estimated.

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

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

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

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

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

1A. Memorandum Items

Millions of dollars

Averages of daily figures Wednesday

May 26, 2010 Week ended

May 26, 2010

Change from week ended

May 19, 2010 May 27, 2009

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,066,268 + 9,634 + 342,045 3,077,379

U.S. Treasury securities 2,264,514 + 3,029 + 354,577 2,270,933

Federal agency securities2 801,754 + 6,605 - 12,532 806,446

Securities lent to dealers 3,415 - 669 - 28,055 3,400

Overnight facility3 3,415 - 669 + 38 3,400

U.S. Treasury securities 2,106 - 730 - 1,271 1,881

Federal agency debt securities 1,310 + 61 + 1,310 1,519

Term facility4 0 0 - 28,093 0

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

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

2. Includes debt and mortgage-backed securities.

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

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

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, May 26, 2010

Millions of dollars

Within 15

days

16 days to

90 days

91 days to

1 year

Over 1 year

to 5 years

Over 5 years

to 10 years

Over 10

years

Remaining maturity All

Other loans1 4,650 3 0 70,285 0 ... 74,937

U.S. Treasury securities2

Holdings 14,593 17,775 46,919 340,387 213,494 143,710 776,877

Weekly changes - 2,504 + 2,504 + 4 + 9 + 11 + 19 + 43

Federal agency debt securities3

Holdings 662 10,213 37,409 83,198 33,548 2,347 167,377

Weekly changes - 200 + 709 + 74 - 783 0 0 - 200

Mortgage-backed securities4

Holdings 0 0 0 32 20 1,112,858 1,112,910

Weekly changes 0 0 0 0 0 - 6,575 - 6,575

Commercial paper held by

Commercial Paper Funding

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

Asset-backed securities held by

TALF LLC6 0 0 0 0 0 0 0

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

Central bank liquidity swaps8 0 1,242 0 0 0 0 1,242

Reverse repurchase agreements7 58,158 0 ... ... ... ... 58,158

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

. . . Not applicable.

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

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

consistent with consolidation under generally accepted accounting principles.

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

original face value of such securities.

3. Face value.

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

underlying mortgages.

5. Face value of commercial paper held by Commercial Paper Funding Facility LLC.

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

7. Cash value of agreements.

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

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

central bank.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities Purchase Program

Millions of dollars

Wednesday

May 26, 2010 Account name

Mortgage-backed securities held outright1 1,112,910

Commitments to buy mortgage-backed securities2 36,354

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 541

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

May 26, 2010 Account name

Net portfolio holdings of Maiden Lane LLC1 28,329

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 491

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 1,274

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of March 31, 2010. Any assets purchased after

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

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

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

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

table 10 and table 11.

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

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

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

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

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

FRBNY.

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Wednesday

May 26, 2010 Account name

Net portfolio holdings of Maiden Lane II LLC1 15,910

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 14,532

Accrued interest payable to the Federal Reserve Bank of New York2 342

Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3 1,050

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of March 31, 2010. Any assets purchased after

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

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

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

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

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

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

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

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

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

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

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

FRBNY and AIG subsidiaries.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday

May 26, 2010 Account name

Net portfolio holdings of Maiden Lane III LLC1 23,380

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 16,206

Accrued interest payable to the Federal Reserve Bank of New York2 427

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 5,261

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of March 31, 2010. Any assets purchased after

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

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

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

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

table 10 and table 11.

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

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

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

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

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

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

AIG.

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

Millions of dollars

Wednesday

May 26, 2010 Account name

Commercial paper holdings, net1 0

Other investments, net 2

Net portfolio holdings of Commercial Paper Funding Facility LLC 2

Memorandum: Commercial paper holdings, face value 0

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

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

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

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

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

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

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

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

of credit for businesses and households.
H.4.1

8. Information on Principal Accounts of TALF LLC

Millions of dollars

Wednesday

May 26, 2010 Account name

Asset-backed securities holdings1 0

Other investments, net 478

Net portfolio holdings of TALF LLC 478

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

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

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

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

market on the measurement date.

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

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

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

and table 11.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

AIA Aurora LLC and ALICO Holdings LLC

Millions of dollars

Wednesday

May 26, 2010 Account name

Preferred interests in AIA Aurora LLC and ALICO Holdings LLC1 25,416

Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC2 195

Preferred interests in AIA Aurora LLC1 16,266

Accrued dividends on preferred interests in AIA Aurora LLC2 125

Preferred interests in ALICO Holdings LLC1 9,150

Accrued dividends on preferred interests in ALICO Holdings LLC2 70

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

May 26, 2010

Change since

Wednesday

May 19, 2010

Wednesday

May 27, 2009

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

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

Coin 2,014 - 28 + 224

Securities, repurchase agreements, term auction

credit, and other loans 2,132,101 - 7,657 + 528,542

Securities held outright1 2,057,164 - 6,732 + 949,717

U.S. Treasury securities 776,877 + 43 + 176,735

Bills2 18,423 0 0

Notes and bonds, nominal2 712,023 0 + 178,001

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

Inflation compensation3 5,306 + 43 + 412

Federal agency debt securities2 167,377 - 200 + 87,624

Mortgage-backed securities4 1,112,910 - 6,575 + 685,358

Repurchase agreements5 0 0 0

Term auction credit 0 0 - 372,540

Other loans 74,937 - 924 - 48,635

Net portfolio holdings of Commercial Paper

Funding Facility LLC6 2 0 - 149,387

Net portfolio holdings of Maiden Lane LLC7 28,329 + 21 + 2,612

Net portfolio holdings of Maiden Lane II LLC8 15,910 + 63 - 342

Net portfolio holdings of Maiden Lane III LLC9 23,380 + 8 + 3,001

Net portfolio holdings of TALF LLC10 478 + 39 + 478

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC11 25,416 0 + 25,416

Items in process of collection (40) 274 + 45 - 985

Bank premises 2,236 - 2 + 38

Central bank liquidity swaps12 1,242 - 7,963 - 180,405

Other assets13 89,889 - 1,382 + 23,656

Total assets (40) 2,337,507 - 16,857 + 255,848

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

May 26, 2010

Change since

Wednesday

May 19, 2010

Wednesday

May 27, 2009

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 899,782 + 2,214 + 29,765

Reverse repurchase agreements14 58,158 + 2,394 - 7,721

Deposits (0) 1,306,800 - 20,911 + 216,362

Depository institutions 1,088,403 - 7,336 + 211,392

U.S. Treasury, general account 16,728 - 13,485 + 5,680

U.S. Treasury, supplementary financing account 199,957 - 2 + 25

Foreign official 1,349 - 129 - 783

Other (0) 362 + 40 + 47

Deferred availability cash items (40) 2,092 - 267 - 2,028

Other liabilities and accrued dividends15 15,627 - 314 + 9,344

Total liabilities (40) 2,282,459 - 16,883 + 245,722

Capital accounts

Capital paid in 26,416 - 7 + 2,389

Surplus 25,668 + 32 + 6,494

Other capital accounts 2,963 - 1 + 1,242

Total capital 55,048 + 26 + 10,126

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

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

2. Face value of the securities.

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

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

underlying mortgages.

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

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

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

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

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

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

11.Refer to table 9.

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

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

central bank.

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

Reserve Bank of New York’s (FRBNY) preferred interests in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit

extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

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

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

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

table 4 through table 8 and the note on consolidation accompanying table 11.
H.4.1

11. Statement of Condition of Each Federal Reserve Bank, May 26, 2010Millions of dollars

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

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 369 4,038 404 463 846 1,385 887 324 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 Coin 2,014 69 76 162 146 295 184 316 27 Securities, repurchase agreements,

term auction credit, and otherloans 2,132,101 52,063 914,156 48,049 69,894 234,289 194,691 155,102 52,995 

Securities held outright1 2,057,164 52,060 839,432 48,041 69,894 234,289 194,665 155,082 52,989 

U.S. Treasury securities 776,877 19,660 317,007 18,142 26,395 88,478 73,514 58,566 20,011 

Bills2 18,423 466 7,517 430 626 2,098 1,743 1,389 475 Notes and bonds3 758,455 19,194 309,490 17,712 25,769 86,380 71,771 57,177 19,536 

Federal agency debt securities2 167,377 4,236 68,299 3,909 5,687 19,062 15,838 12,618 4,311 

Mortgage-backed securities4 1,112,910 28,164 454,126 25,990 37,812 126,748 105,312 83,898 28,667 

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 74,937 3 74,725 8 0 1 27 20 6 

Net portfolio holdings of Commercial

Paper Funding Facility LLC6 2 0 2 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane LLC7 28,329 0 28,329 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane II LLC8 15,910 0 15,910 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane III LLC9 23,380 0 23,380 0 0 0 0 0 0 

Net portfolio holdings of TALF LLC10 478 0 478 0 0 0 0 0 0 

Preferred interests in AIA Aurora LLC

and ALICO Holdings LLC11 25,416 0 25,416 0 0 0 0 0 0 

Items in process of collection 313 13 0 17 111 5 68 11 6 Bank premises 2,236 122 260 70 143 237 220 210 136 Central bank liquidity swaps12 1,242 46 360 136 93 346 77 30 12 Other assets13 89,889 2,559 34,161 4,136 3,998 14,072 7,662 5,482 1,942 Interdistrict settlement account 0 - 8,591 + 78,333 + 19,927 - 14,877 + 72,560 - 46,583 - 40,984 - 16,406 + 

Total assets 2,337,546 46,845 1,126,716 73,111 60,207 323,063 158,358 121,479 39,186 

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, May 26, 2010 (continued)Millions of dollars

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

Assets, liabilities, and capital

Liabilities

Federal Reserve notes outstanding 1,081,819 34,980 396,103 38,636 44,449 84,078 137,204 86,343 31,995 

Less: Notes held by F.R. Banks 182,037 4,115 59,971 5,566 9,446 13,198 29,599 11,868 4,516 

Federal Reserve notes, net 899,782 30,865 336,132 33,070 35,003 70,880 107,605 74,475 27,478 

Reverse repurchase agreements14 58,158 1,472 23,731 1,358 1,976 6,624 5,503 4,384 1,498 

Deposits 1,306,800 12,321 740,050 32,560 18,516 231,829 41,231 40,636 9,438 

Depository institutions 1,088,403 12,302 521,834 32,556 18,512 231,734 41,228 40,591 9,436 U.S. Treasury, general account 16,728 0 16,728 0 0 0 0 0 0 U.S. Treasury, supplementary

financing account 199,957 0 199,957 0 0 0 0 0 0 

Foreign official 1,349 1 1,320 4 3 11 2 1 0 Other 362 17 210 0 2 84 0 44 1 

Deferred availability cash items 2,132 61 0 188 538 74 124 142 49 Other liabilities and accrued

dividends15 15,627 232 11,079 286 314 931 646 508 212 

Total liabilities 2,282,498 44,951 1,110,992 67,463 56,347 310,337 155,110 120,145 38,676 Capital

Capital paid in 26,416 916 7,543 2,947 1,907 5,451 1,548 614 239 Surplus 25,668 945 7,568 2,701 1,910 7,140 1,581 620 240 Other capital 2,963 33 612 0 44 134 119 100 31 

Total liabilities and capital 2,337,546 46,845 1,126,716 73,111 60,207 323,063 158,358 121,479 39,186 

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, May 26, 2010 (continued)1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A.2. Face value of the securities.3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securitie4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mort5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.6. Refer to table 7 and the note on consolidation below.7. Refer to table 4 and the note on consolidation below.8. Refer to table 5 and the note on consolidation below.9. Refer to table 6 and the note on consolidation below.10.Refer to table 8 and the note on consolidation below.11.Refer to table 9.12.Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign centr

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

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

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

14.Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt securities.15.Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other 

New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 8 and the note on consolidation belo

Note on consolidation:The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Resewas extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On October 27, 2008, the FRBNY began extending loans to Comwas formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers. On November 25, 2008, a loan was extended to Maiden Lamulti-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contractwas extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan FacilitThe FRBNY is the sole beneficiary of Commercial Paper Funding Facility LLC. The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiarieU.S. Treasury, the FRBNY is primarily responsible for directing the financial activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited amajority of any residual returns of the LLCs and absorb a majority of any residual losses of the LLCs. Consistent with generally accepted accounting principles, the have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release. As a consequence of tcredit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in table 1 and table 10), and the liabilitiethe FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 10).
H.4.1

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

Millions of dollars

Wednesday

May 26, 2010 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,081,819

Less: Notes held by F.R. Banks not subject to collateralization 182,037

Federal Reserve notes to be collateralized 899,782

Collateral held against Federal Reserve notes 899,782

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 883,545

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,057,164

Less: Face value of securities under reverse repurchase agreements 57,389

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,999,775

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.