FEDERAL RESERVE statistical release

For release at

4:30 P.M. EST

January 20, 2011

The Board’s H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions

and Condition Statement of Federal Reserve Banks," reflects the closing of the American

International Group, Inc. (AIG) recapitalization plan, which occurred on January 14, 2011. The

recapitalization plan was designed to restructure and facilitate repayment of the financial support

provided to AIG by the U.S. Department of the Treasury (Treasury) and the Federal Reserve. Upon

closing of the recapitalization plan, the cash proceeds from certain asset dispositions, specifically the

initial public offering of AIA Group Limited (AIA) and the sale of American Life Insurance

Company (ALICO), were used first to repay in full the credit extended to AIG by the FRBNY

under the revolving credit facility (AIG loan), including accrued interest and fees, and then to

redeem a portion of the FRBNY’s preferred interests in ALICO Holdings LLC taken earlier by the

FRBNY in satisfaction of a portion of the AIG loan. 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.

The weekly average values shown in table 1 reflect, as of January 14, 2011, the repayment by AIG of

the "Credit extended to American International Group, Inc., net" and the "Preferred interests in

AIA Aurora LLC and ALICO Holdings LLC," and the distribution of the "Funds from American

International Group, Inc. asset dispositions, held as agent." 

The H.4.1 statistical release continues to show average amounts for "Credit extended to American

International Group, Inc., net," "Preferred interests in AIA Aurora LLC and ALICO Holdings

LLC," and "Funds from American International Group, Inc. asset dispositions, held as agent," even

though all funding commitments to AIG have been terminated, to provide a complete

disaggregation of changes in assets and liabilities from the corresponding week one year ago.
FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks January 20, 2011

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

Jan 19, 2011 Week ended

Jan 19, 2011

Change from week ended

Jan 12, 2011 Jan 20, 2010

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,416,308 - 16,095 + 185,510 2,407,025

Securities held outright1 2,206,539 + 23,181 + 300,350 2,205,619

U.S. Treasury securities 1,071,619 + 26,894 + 295,010 1,079,578

Bills2 18,423 0 0 18,423

Notes and bonds, nominal2 997,322 + 27,031 + 288,625 1,004,739

Notes and bonds, inflation-indexed2 49,674 - 69 + 5,773 50,372

Inflation compensation3 6,201 - 68 + 613 6,044

Federal agency debt securities2 146,204 - 288 - 14,979 145,885

Mortgage-backed securities4 988,717 - 3,424 + 20,319 980,157

Repurchase agreements5 0 0 0 0

Term auction credit 0 0 - 38,531 0

Other loans 26,628 - 17,815 - 59,534 23,688

Primary credit 47 + 24 - 15,065 24

Secondary credit 2 + 2 - 971 0

Seasonal credit 10 0 + 10 10

Credit extended to American International

Group, Inc., net6 2,904 - 17,021 - 19,516 0

Term Asset-Backed Securities Loan Facility7 23,666 - 820 - 23,991 23,654

Other credit extensions 0 0 0 0

Net portfolio holdings of Commercial Paper

Funding Facility LLC8 0 0 - 13,813 0

Net portfolio holdings of Maiden Lane LLC9 26,460 - 549 - 284 26,393

Net portfolio holdings of Maiden Lane II LLC10 15,946 + 3 + 540 15,951

Net portfolio holdings of Maiden Lane III LLC11 22,545 - 668 + 134 22,428

Net portfolio holdings of TALF LLC12 665 0 + 367 665

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC6 3,769 - 22,616 - 21,337 0

Float -1,803 - 108 + 181 -2,294

Central bank liquidity swaps13 70 0 - 1,180 70

Other Federal Reserve assets14 115,488 + 2,476 + 18,615 114,503

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 43,591 + 14 + 864 43,591

Total factors supplying reserve funds 2,476,140 - 16,081 + 186,374 2,466,857

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 19, 2011 Week ended

Jan 19, 2011

Change from week ended

Jan 12, 2011 Jan 20, 2010

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation15 978,521 + 284 + 59,234 978,549

Reverse repurchase agreements16 53,787 + 233 - 10,250 52,932

Foreign official and international accounts 53,787 + 233 - 10,250 52,932

Others 0 0 0 0

Treasury cash holdings 195 + 13 - 59 203

Deposits with F.R. Banks, other than reserve balances 296,482 - 928 + 137,323 301,813

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, general account 58,958 - 30,149 - 84,950 94,123

U.S. Treasury, supplementary financing account 199,961 - 2 + 194,960 199,961

Foreign official 4,312 + 550 + 1,152 4,910

Service-related 2,362 - 16 - 399 2,362

Required clearing balances 2,362 - 16 - 399 2,362

Adjustments to compensate for float 0 0 0 0

Other 30,888 + 28,687 + 26,559 457

Funds from American International Group, Inc. asset

dispositions, held as agent6 3,842 - 23,054 + 3,842 0

Other liabilities and capital17 72,100 + 2,244 + 3,951 71,764

Total factors, other than reserve balances,

absorbing reserve funds 1,404,928 - 21,207 + 194,043 1,405,262

Reserve balances with Federal Reserve Banks 1,071,212 + 5,126 - 7,669 1,061,595

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 19, 2011 Week ended

Jan 19, 2011

Change from week ended

Jan 12, 2011 Jan 20, 2010

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,343,203 - 7,270 + 397,397 3,347,599

U.S. Treasury securities 2,598,111 - 18,031 + 419,379 2,602,294

Federal agency securities2 745,092 + 10,761 - 21,982 745,305

Securities lent to dealers 15,023 + 2,297 + 8,806 18,208

Overnight facility3 15,023 + 2,297 + 8,806 18,208

U.S. Treasury securities 13,618 + 2,185 + 7,896 16,628

Federal agency debt securities 1,405 + 112 + 910 1,580

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 19, 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 34 0 0 23,654 0 ... 23,688

U.S. Treasury securities2

Holdings 14,716 21,676 55,715 456,353 368,756 162,362 1,079,578

Weekly changes - 2,735 + 4,508 + 1,461 + 3,745 + 9,648 + 890 + 17,517

Federal agency debt securities3

Holdings 1,261 16,164 26,962 70,180 28,971 2,347 145,885

Weekly changes - 446 + 2,428 - 1,683 + 881 - 1,626 0 - 446

Mortgage-backed securities4

Holdings 0 0 0 23 22 980,112 980,157

Weekly changes 0 0 0 - 1 0 - 11,983 - 11,984

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 52,932 0 ... ... ... ... 52,932

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 19, 2011 Account name

Mortgage-backed securities held outright1 980,157

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 19, 2011 Account name

Net portfolio holdings of Maiden Lane LLC1 26,393

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 628

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 1,318

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 19, 2011 Account name

Net portfolio holdings of Maiden Lane II LLC1 15,951

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 460

Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3 1,073

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 19, 2011 Account name

Net portfolio holdings of Maiden Lane III LLC1 22,428

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 555

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 5,375

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 19, 2011 Account name

Asset-backed securities holdings1 0

Other investments, net 665

Net portfolio holdings of TALF LLC 665

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 19, 2011

Change since

Wednesday

Jan 12, 2011

Wednesday

Jan 20, 2010

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,246 + 32 + 96

Securities, repurchase agreements, term auction

credit, and other loans 2,229,308 - 15,185 + 194,118

Securities held outright1 2,205,619 + 5,086 + 295,904

U.S. Treasury securities 1,079,578 + 17,517 + 302,967

Bills2 18,423 0 0

Notes and bonds, nominal2 1,004,739 + 17,114 + 295,867

Notes and bonds, inflation-indexed2 50,372 + 629 + 6,595

Inflation compensation3 6,044 - 227 + 505

Federal agency debt securities2 145,885 - 446 - 16,318

Mortgage-backed securities4 980,157 - 11,984 + 9,256

Repurchase agreements5 0 0 0

Term auction credit 0 0 - 38,531

Other loans 23,688 - 20,271 - 63,256

Net portfolio holdings of Commercial Paper

Funding Facility LLC6 0 0 - 13,111

Net portfolio holdings of Maiden Lane LLC7 26,393 - 613 - 365

Net portfolio holdings of Maiden Lane II LLC8 15,951 + 5 + 536

Net portfolio holdings of Maiden Lane III LLC9 22,428 - 851 - 43

Net portfolio holdings of TALF LLC10 665 0 + 367

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC11 0 - 26,385 - 25,106

Items in process of collection (210) 465 + 44 - 202

Bank premises 2,222 + 2 - 21

Central bank liquidity swaps12 70 0 - 1,180

Other assets13 112,282 + 58 + 18,084

Total assets (210) 2,428,268 - 42,891 + 173,175

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 19, 2011

Change since

Wednesday

Jan 12, 2011

Wednesday

Jan 20, 2010

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 937,404 + 442 + 58,082

Reverse repurchase agreements14 52,932 - 339 - 9,998

Deposits (0) 1,363,408 - 18,505 + 121,297

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 1,063,957 - 33,884 + 915

U.S. Treasury, general account 94,123 + 18,554 - 76,314

U.S. Treasury, supplementary financing account 199,961 - 2 + 194,960

Foreign official 4,910 + 1,162 + 1,695

Other (0) 457 - 4,336 + 42

Deferred availability cash items (210) 2,759 + 661 - 835

Other liabilities and accrued dividends15 18,701 - 25,161 + 3,553

Total liabilities (210) 2,375,205 - 42,901 + 172,099

Capital accounts

Capital paid in 26,531 + 5 + 882

Surplus 26,531 + 5 + 1,339

Other capital accounts 0 0 - 1,147

Total capital 53,063 + 10 + 1,076

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 19, 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 2,246 48 72 177 170 364 195 347 37 Securities, repurchase agreements,

term auction credit, and otherloans 2,229,308 55,829 923,665 51,508 74,937 251,201 208,715 166,276 56,813 

Securities held outright1 2,205,619 55,817 900,009 51,508 74,937 251,196 208,712 166,274 56,813 

U.S. Treasury securities 1,079,578 27,321 440,525 25,211 36,679 122,952 102,158 81,385 27,808 

Bills2 18,423 466 7,517 430 626 2,098 1,743 1,389 475 Notes and bonds3 1,061,155 26,854 433,007 24,781 36,053 120,854 100,415 79,997 27,333 

Federal agency debt securities2 145,885 3,692 59,529 3,407 4,957 16,615 13,805 10,998 3,758 

Mortgage-backed securities4 980,157 24,804 399,956 22,889 33,302 111,629 92,750 73,890 25,247 

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 23,688 12 23,656 0 0 5 2 2 0 

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 26,393 0 26,393 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane II LLC8 15,951 0 15,951 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane III LLC9 22,428 0 22,428 0 0 0 0 0 0 

Net portfolio holdings of TALF LLC10 665 0 665 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 675 13 0 107 103 45 134 74 17 Bank premises 2,222 126 256 68 140 239 218 208 136 Central bank liquidity swaps12 70 3 20 8 5 19 4 2 1 Other assets13 112,282 3,175 42,636 4,892 4,882 17,145 9,751 7,088 2,483 Interdistrict settlement account 0 - 8,521 + 280,618 + 38,665 - 20,541 - 98,012 - 57,939 - 38,547 - 19,425 - 

Total assets 2,428,477 51,237 1,318,563 96,039 60,398 172,259 163,118 136,758 40,536 

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 19, 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 1,119,074 41,096 382,177 45,390 46,060 90,008 141,388 85,940 32,283 

Less: Notes held by F.R. Banks 181,669 4,943 61,025 5,170 8,432 13,761 21,364 12,783 4,688 

Federal Reserve notes, net 937,404 36,154 321,151 40,220 37,628 76,247 120,023 73,158 27,595 

Reverse repurchase agreements14 52,932 1,340 21,599 1,236 1,798 6,028 5,009 3,990 1,363 

Deposits 1,363,408 11,557 946,293 48,726 16,385 77,989 34,181 57,523 10,821 

Term deposits held by depository

institutions 0 0 0 0 0 0 0 0 0 

Other deposits held by depository

institutions 1,063,957 11,550 647,126 48,718 16,381 77,846 34,179 57,496 10,762 

U.S. Treasury, general account 94,123 0 94,123 0 0 0 0 0 0 U.S. Treasury, supplementary

financing account 199,961 0 199,961 0 0 0 0 0 0 

Foreign official 4,910 1 4,882 4 3 11 2 1 0 Other 457 5 201 3 1 133 0 26 58 

Deferred availability cash items 2,969 115 0 449 329 161 208 218 109 Interest on Federal Reserve notes due

to U.S. Treasury15 2,895 54 1,742 67 90 318 162 111 37 

Other liabilities and accrued

dividends16 15,807 186 12,411 192 233 636 494 412 181 

Total liabilities 2,375,415 49,405 1,303,196 90,889 56,463 161,381 160,078 135,413 40,106 Capital

Capital paid in 26,531 916 7,683 2,575 1,968 5,439 1,520 673 215 Surplus 26,531 916 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 2,428,477 51,237 1,318,563 96,039 60,398 172,259 163,118 136,758 40,536 

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 19, 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 19, 2011 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,119,074

Less: Notes held by F.R. Banks not subject to collateralization 181,669

Federal Reserve notes to be collateralized 937,404

Collateral held against Federal Reserve notes 937,404

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 921,167

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,205,619

Less: Face value of securities under reverse repurchase agreements 46,550

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,159,069

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.