FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                                July 14, 2011
 
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                         Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended   Change from week ended   Jul 13, 2011
Federal Reserve Banks                                     Jul 13, 2011  Jul 6, 2011 Jul 14, 2010
 
Reserve Bank credit                                        2,859,103   +    4,810   +  543,175    2,862,114
  Securities held outright (1)                             2,652,230   +    4,284   +  591,751    2,654,337
    U.S. Treasury securities                               1,628,306   +    4,517   +  851,304    1,630,414
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                         1,535,239   +    4,443   +  823,216    1,537,317
      Notes and bonds, inflation-indexed (2)                  65,521            0   +   24,396       65,521
      Inflation compensation (3)                               9,124   +       75   +    3,693        9,153
    Federal agency debt securities (2)                       115,070   -      233   -   48,556      115,070
    Mortgage-backed securities (4)                           908,853            0   -  210,998      908,853
  Repurchase agreements (5)                                        0            0            0            0
  Loans                                                       12,518   -      226   -   54,257       12,510
    Primary credit                                                 8   -        4   -       78            5
    Secondary credit                                               0            0            0            0
    Seasonal credit                                               66   +       13   -        6           73
    Credit extended to American International
       Group, Inc., net (6)                                        0            0   -   24,512            0
    Term Asset-Backed Securities Loan Facility (7)            12,444   -      235   -   29,661       12,431
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (8)                                      0            0   -        1            0
  Net portfolio holdings of Maiden Lane LLC (9)               23,877   +       22   -    4,654       23,912
  Net portfolio holdings of Maiden Lane II LLC (10)           11,451   -      776   -    4,094       11,453
  Net portfolio holdings of Maiden Lane III LLC (11)          24,321   +       66   +    1,390       24,358
  Net portfolio holdings of TALF LLC (12)                        757            0   +      251          757
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (6)                                              0            0   -   25,733            0
  Float                                                       -1,180   -      124   +      653       -1,258
  Central bank liquidity swaps (13)                                0            0   -    1,245            0
  Other Federal Reserve assets (14)                          135,129   +    1,565   +   39,114      136,045
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (15)                            43,994   +       14   +      750       43,994

Total factors supplying reserve funds                      2,919,338   +    4,825   +  543,925    2,922,348
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                         Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended   Change from week ended   Jul 13, 2011
Federal Reserve Banks                                     Jul 13, 2011  Jul 6, 2011 Jul 14, 2010
 
Currency in circulation (15)                               1,030,217   -    1,090   +   84,332    1,030,012
Reverse repurchase agreements (16)                            66,544   -    1,552   +    3,708       65,052
  Foreign official and international accounts                 66,544   -    1,552   +    3,708       65,052
  Others                                                           0            0            0            0
Treasury cash holdings                                           140   -        6   -      106          154
Deposits with F.R. Banks, other than reserve balances         70,261   -   20,865   -  165,063       70,266
  Term deposits held by depository institutions                    0            0   -    2,122            0
  U.S. Treasury, general account                              50,339   -   26,221   +   32,077       39,416
  U.S. Treasury, supplementary financing account               5,000            0   -  194,962        5,000
  Foreign official                                               153   -       21   -    1,334          161
  Service-related                                              2,532   -        1   +       60        2,532
    Required clearing balances                                 2,532   -        1   +       60        2,532
    Adjustments to compensate for float                            0            0            0            0
  Other                                                       12,236   +    5,377   +    1,216       23,157
Funds from American International Group, Inc. asset
   dispositions, held as agent (6)                                 0            0            0            0
Other liabilities and capital (17)                            72,976   -       84   +      369       71,896

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,240,136   -   23,599   -   76,761    1,237,380

Reserve balances with Federal Reserve Banks                1,679,201   +   28,423   +  620,685    1,684,969
 
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
   securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
   remaining principal balance of the underlying mortgages.
5. Cash value of agreements.
6. As a result of the closing of the American International Group, Inc. (AIG) recapitalization plan on
   January 14, 2011, the credit extended to AIG was fully repaid and the Federal Reserve's commitment to lend
   any further funds was terminated. In addition, the Federal Reserve Bank of New York (FRBNY) has been paid
   in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. The funds from AIG asset
   dispositions that FRBNY held as agent were the source of repayment of the credit extended to AIG, as well
   as a portion of the FRBNY's preferred interests in ALICO Holdings LLC. The remaining FRBNY preferred
   interests in ALICO Holdings LLC and AIA Aurora LLC, valued at approximately $20 billion, were purchased by
   AIG through a draw on the Treasury's Series F preferred stock commitment and then transferred by AIG to
   the Treasury as consideration for the draw on the available Series F funds.
7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term
   Asset-Backed Securities Loan Facility.
8. Includes the book value of the commercial paper, net of amortized costs and related fees, and other
   investments held by the Commercial Paper Funding Facility LLC.
9.  Refer to table 4 and the note on consolidation accompanying table 9.
10. Refer to table 5 and the note on consolidation accompanying table 9.
11. Refer to table 6 and the note on consolidation accompanying table 9.
12. Refer to table 7 and the note on consolidation accompanying table 9.
13. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
    the foreign currency is returned to the foreign central bank. This exchange rate equals the market
    exchange rate used when the foreign currency was acquired from the foreign central bank.
14. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange
    rates, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the
    Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on
    January 14, 2011, included accrued dividends on the FRBNY's preferred interests in AIA Aurora LLC and
    ALICO Holdings LLC.
15. Estimated.
16. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
    securities, and mortgage-backed securities.
17. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to
    entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only
    to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation
    accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S.
    Treasury. Refer to table 8 and table 9.

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

 
1A. Memorandum Items
Millions of dollars
                                                                Averages of daily figures         Wednesday  
                                                           Week ended   Change from week ended   Jul 13, 2011
Memorandum item                                           Jul 13, 2011  Jul 6, 2011 Jul 14, 2010
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,450,770   +    5,446   +  337,060    3,445,203
  U.S. Treasury securities                                 2,714,828   +    6,821   +  425,093    2,711,131
  Federal agency securities (2)                              735,943   -    1,374   -   88,032      734,072
Securities lent to dealers                                    15,430   -   15,032   +    8,649       12,817
  Overnight facility (3)                                      15,430   -   15,032   +    8,649       12,817
    U.S. Treasury securities                                  14,640   -   15,096   +    9,556       12,295
    Federal agency debt securities                               790   +       63   -      906          522
 
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,      July 13, 2011
Millions of dollars
                                       Within 15    16 days to   91 days to  Over 1 year  Over 5 years    Over 10        All     
Remaining maturity                        days       90 days       1 year     to 5 years   to 10 years     years    
 
Loans (1)                                     13           66        1,185       11,246            0           ...       12,510
U.S. Treasury securities (2)
  Holdings                                14,641       15,754      103,867      713,934      582,548       199,669    1,630,414
  Weekly changes                      +    2,156   -    2,156   +        4   +    5,134   +      724    +       36   +    5,899
Federal agency debt securities (3)
  Holdings                                 2,635        4,167       16,784       66,388       22,749         2,347      115,070
  Weekly changes                      +    1,601   -    1,601            0            0            0             0            0
Mortgage-backed securities (4)
  Holdings                                     0            0            0           17           23       908,814      908,853
  Weekly changes                               0            0            0            0            0             0            0
Asset-backed securities held by
   TALF LLC (5)                                0            0            0            0            0             0            0
Repurchase agreements (6)                      0            0          ...          ...          ...           ...            0
Central bank liquidity swaps (7)               0            0            0            0            0             0            0

Reverse repurchase agreements (6)         65,052            0          ...          ...          ...           ...       65,052
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.

 
3. Supplemental Information on Mortgage-Backed Securities Purchase Program
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Jul 13, 2011 
 
Mortgage-backed securities held outright (1)                                                                             908,853

Commitments to buy mortgage-backed securities (2)                                                                              0
Commitments to sell mortgage-backed securities (2)                                                                             0

Cash and cash equivalents (3)                                                                                                  0
 
1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal
   balance of the underlying mortgages.
2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls,
   and coupon swaps.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8 and table 9.

 
4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Jul 13, 2011 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                             23,912

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 20,895
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         712
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,352
 
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, 2011. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of
section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to
manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets.
Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses
of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to
JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.

 
5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Jul 13, 2011 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                          11,453

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  6,971
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         528
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                    1,090
 
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, 2011. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of
   American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued
   interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table
   8 and table 9.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential
mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group,
Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred
payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.

 
6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Jul 13, 2011 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         24,358

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 11,699
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         630
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,459
 
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, 2011. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector
collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written
credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the
related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to
AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.

 
7. Information on Principal Accounts of TALF LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Jul 13, 2011 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       757
Net portfolio holdings of TALF LLC                                                                                           757

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                      0
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                           0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3)                                        108
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF)
under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New
York (FRBNY) extends loans with a term of up to five years to holders of eligible asset-backed securities. The TALF is intended to
assist financial markets in accommodating the credit needs of consumers and businesses by facilitating the issuance of asset-backed
securities collateralized by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are
non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The loans
are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial
risk of a decline in the value of the security.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in
connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed
securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest.
Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF
LLC, by the interest received on investments of TALF LLC, by up to $4.3 billion in subordinated debt funding provided by the U.S.
Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio
holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S.
Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the
U.S. Treasury.

 
8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation   Jul 13, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                       Jul 6, 2011 Jul 14, 2010
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,117    +       21   +      129
  Securities, repurchase agreements, and loans                           2,666,847    +    5,857   +  532,600
    Securities held outright (1)                                         2,654,337    +    5,899   +  586,661
      U.S. Treasury securities                                           1,630,414    +    5,899   +  853,409
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                     1,537,317    +    5,820   +  825,294
        Notes and bonds, inflation-indexed (2)                              65,521             0   +   24,396
        Inflation compensation (3)                                           9,153    +       79   +    3,719
      Federal agency debt securities (2)                                   115,070             0   -   47,041
      Mortgage-backed securities (4)                                       908,853             0   -  219,707
    Repurchase agreements (5)                                                    0             0            0
    Loans                                                                   12,510    -       42   -   54,061
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (6)                                                    0             0   -        1
  Net portfolio holdings of Maiden Lane LLC (7)                             23,912    +       41   -    4,650
  Net portfolio holdings of Maiden Lane II LLC (8)                          11,453    +        2   -    4,096
  Net portfolio holdings of Maiden Lane III LLC (9)                         24,358    +       43   +    1,391
  Net portfolio holdings of TALF LLC (10)                                      757             0   +      251
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (11)                                                           0             0   -   25,733
  Items in process of collection                            (139)              264    -      155   -       92
  Bank premises                                                              2,199             0   -       32
  Central bank liquidity swaps (12)                                              0             0   -    1,245
  Other assets (13)                                                        133,860    +    2,146   +   39,337

Total assets                                                (139)        2,882,004    +    7,955   +  537,859
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation   Jul 13, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                       Jul 6, 2011 Jul 14, 2010
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                         988,285    -    2,576   +   83,745
  Reverse repurchase agreements (14)                                        65,052    -    2,475   +    2,787
  Deposits                                                    (0)        1,755,249    +   13,913   +  453,981
    Term deposits held by depository institutions                                0             0   -    2,122
    Other deposits held by depository institutions                       1,687,515    +   24,493   +  616,252
    U.S. Treasury, general account                                          39,416    -   27,854   +   31,550
    U.S. Treasury, supplementary financing account                           5,000             0   -  194,962
    Foreign official                                                           161    +       34   -    1,093
    Other                                                     (0)           23,157    +   17,239   +    4,355
  Deferred availability cash items                          (139)            1,522    -      552   -      834
  Other liabilities and accrued dividends (15)                              20,222    -      362   +    3,189

Total liabilities                                           (139)        2,830,330    +    7,948   +  542,867

Capital accounts
  Capital paid in                                                           25,837    +        4   -      824
  Surplus                                                                   25,837    +        4   +       27
  Other capital accounts                                                         0             0   -    4,211

Total capital                                                               51,674    +        7   -    5,008
 
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
   securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
   remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Includes the book value of the commercial paper, net of amortized costs and related fees, and other
   investments held by the Commercial Paper Funding Facility LLC.
7. Refer to table 4 and the note on consolidation accompanying table 9.
8. Refer to table 5 and the note on consolidation accompanying table 9.
9.  Refer to table 6 and the note on consolidation accompanying table 9.
10. Refer to table 7 and the note on consolidation accompanying table 9.
11. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank
    of New York has been paid in full for its	preferred interests in AIA Aurora LLC and ALICO Holdings LLC. A
    portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were
    held as agent by the Federal Reserve.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
    the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange
    rate used when the foreign currency was acquired from the foreign central bank.
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates
    and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to
    eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG
    recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY's preferred interests in
    AIA Aurora LLC and ALICO Holdings LLC.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
    securities, and mortgage-backed securities.
15. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to
    entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to
    the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation
    accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S.
    Treasury. Before the closing of the AIG recapitalization plan on January 14, 2011, included funds from
    American International Group, Inc. asset dispositions, held as agent.


 
9. Statement of Condition of Each Federal Reserve Bank,      July 13, 2011
Millions of dollars
                                               Total      Boston     New York   Philadelphia Cleveland   Richmond     Atlanta     Chicago    St. Louis  Minneapolis   Kansas      Dallas        San    
Assets, liabilities, and capital                                                                                                                                       City                  Francisco 
 
Assets
  Gold certificate account                      11,037         390       3,866         432         450         872       1,394         854         319         197         318         728       1,217
  Special drawing rights certificate acct.       5,200         196       1,818         210         237         412         654         424         150          90         153         282         574
  Coin                                           2,117          49          64         162         153         353         185         322          36          59         163         217         354
  Securities, repurchase agreements,
     and loans                               2,666,847      65,261   1,246,813      90,927      71,699     306,549     197,338     157,642      50,255      40,821      70,619     104,980     263,943
    Securities held outright (1)             2,654,337      65,261   1,234,381      90,927      71,699     306,549     197,330     157,629      50,239      40,793      70,607     104,979     263,943
      U.S. Treasury securities               1,630,414      40,086     758,212      55,852      44,041     188,296     121,209      96,823      30,859      25,057      43,370      64,483     162,126
        Bills (2)                               18,423         453       8,567         631         498       2,128       1,370       1,094         349         283         490         729       1,832
        Notes and bonds (3)                  1,611,991      39,633     749,645      55,220      43,543     186,169     119,840      95,729      30,510      24,774      42,880      63,754     160,294
      Federal agency debt securities (2)       115,070       2,829      53,512       3,942       3,108      13,289       8,555       6,833       2,178       1,768       3,061       4,551      11,442
      Mortgage-backed securities (4)           908,853      22,345     422,656      31,134      24,550     104,963      67,567      53,973      17,202      13,968      24,176      35,945      90,375
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Loans                                       12,510           0      12,432           0           0           0           8          13          16          27          12           1           0
  Net portfolio holdings of Commercial
     Paper Funding Facility LLC (6)                  0           0           0           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane LLC (7)                               23,912           0      23,912           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (8)                            11,453           0      11,453           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (9)                           24,358           0      24,358           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (10)          757           0         757           0           0           0           0           0           0           0           0           0           0
  Preferred interests in AIA Aurora LLC
     and ALICO Holdings LLC (11)                     0           0           0           0           0           0           0           0           0           0           0           0           0
  Items in process of collection                   403          25           0          84          94           6          25          37           6          38          17          16          54
  Bank premises                                  2,199         123         255          68         137         236         213         206         136         106         261         246         211
  Central bank liquidity swaps (12)                  0           0           0           0           0           0           0           0           0           0           0           0           0
  Other assets (13)                            133,860       3,586      57,324       6,283       4,889      17,943       9,532       7,022       2,273       2,504       3,093       4,658      14,752
  Interdistrict settlement account                   0   -  11,245   + 256,369   +   5,221   -   6,498   - 100,752   -  43,154   +   1,137   -   7,796   -  20,947   -  17,618   -  10,476   -  44,240

Total assets                                 2,882,143      58,385   1,626,988     103,387      71,162     225,619     166,187     167,645      45,378      22,868      57,007     100,651     236,865
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
9. Statement of Condition of Each Federal Reserve Bank,      July 13, 2011 (continued)
Millions of dollars
                                               Total      Boston     New York   Philadelphia Cleveland   Richmond     Atlanta     Chicago    St. Louis  Minneapolis   Kansas      Dallas        San    
Assets, liabilities, and capital                                                                                                                                       City                  Francisco 
 
Liabilities
  Federal Reserve notes outstanding          1,145,902      43,152     385,295      47,050      54,844      93,415     139,509      89,835      34,114      19,419      32,067      75,176     132,026
    Less: Notes held by F.R. Banks             157,617       4,516      40,788       6,058       7,495      12,445      24,437      12,990       4,270       5,460       3,198      11,244      24,715
      Federal Reserve notes, net               988,285      38,637     344,507      40,992      47,349      80,969     115,072      76,844      29,844      13,960      28,869      63,932     107,311
  Reverse repurchase agreements (14)            65,052       1,599      30,252       2,228       1,757       7,513       4,836       3,863       1,231       1,000       1,730       2,573       6,469
  Deposits                                   1,755,249      15,978   1,221,241      54,851      17,570     124,985      42,646      84,820      13,586       7,179      25,571      32,937     113,885
    Term deposits held by depository
       institutions                                  0           0           0           0           0           0           0           0           0           0           0           0           0
    Other deposits held by depository
       institutions                          1,687,515      15,974   1,153,790      54,829      17,566     124,799      42,643      84,795      13,561       7,177      25,570      32,936     113,874
    U.S. Treasury, general account              39,416           0      39,416           0           0           0           0           0           0           0           0           0           0
    U.S. Treasury, supplementary
       financing account                         5,000           0       5,000           0           0           0           0           0           0           0           0           0           0
    Foreign official                               161           1         133           4           3           8           2           1           0           1           0           1           6
    Other                                       23,157           2      22,903          18           1         178           0          24          25           0           1           0           5
  Deferred availability cash items               1,661          85           0         270         233          60          84         117          57         341          89          73         253
  Interest on Federal Reserve notes due
     to U.S. Treasury (15)                       1,702          48         785          62          39         203         141          95          27          23          45          64         170
  Other liabilities and accrued
     dividends (16)                             18,520         196      14,765         263         264         763         469         420         183         149         184         293         571

Total liabilities                            2,830,469      56,542   1,611,550      98,666      67,213     214,493     163,247     166,160      44,928      22,650      56,488      99,872     228,659

Capital
  Capital paid in                               25,837         921       7,719       2,360       1,975       5,563       1,470         743         225         109         259         389       4,103
  Surplus                                       25,837         921       7,719       2,360       1,975       5,563       1,470         743         225         109         259         389       4,103
  Other capital                                      0           0           0           0           0           0           0           0           0           0           0           0           0

Total liabilities and capital                2,882,143      58,385   1,626,988     103,387      71,162     225,619     166,187     167,645      45,378      22,868      57,007     100,651     236,865
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

9. Statement of Condition of Each Federal Reserve Bank,      July 13, 2011 (continued)
1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper Funding Facility LLC.
7. Refer to table 4 and the note on consolidation below.
8. Refer to table 5 and the note on consolidation below.
9.  Refer to table 6 and the note on consolidation below.
10. Refer to table 7 and the note on consolidation below.
11. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank of New York has been paid in full for its preferred interests in AIA Aurora LLC and ALICO
    Holdings LLC. A portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were held as agent by the Federal Reserve.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank of New York
    (FRBNY) to eligible	borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on January 14, 2011, included accrued dividends on the
    FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
15. Represents the estimated weekly remittances to U.S Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to
    capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the
    Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which
    requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the
    amount necessary to equate surplus with capital paid-in.
16. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have
    recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below. Before the closing of the AIG recapitalization plan on January 14,
    2011, included funds from American International Group, Inc. asset dispositions, held as agent.


Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was
extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector
collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan was extended to
Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc.
On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in
connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.

The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial
activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual
losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the
preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs
appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of
the LLCs, are included in other liabilities in this table (and table 1 and table 8).

 
10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
                                                                                            Wednesday   
Federal Reserve notes and collateral                                                       Jul 13, 2011 
 
Federal Reserve notes outstanding                                                          1,145,902
  Less: Notes held by F.R. Banks not subject to collateralization                            157,617
    Federal Reserve notes to be collateralized                                               988,285
Collateral held against Federal Reserve notes                                                988,285
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   972,048
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,654,337
  Less: Face value of securities under reverse repurchase agreements                          59,910
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,594,428
 
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.