FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks March 10, 2011

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

 Mar 9, 2011 Week ended

 Mar 9, 2011

Change from week ended

 Mar 2, 2011 Mar 10, 2010

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,546,690 + 28,020 + 283,886 2,560,516

Securities held outright1 2,345,022 + 26,404 + 373,268 2,358,250

U.S. Treasury securities 1,252,840 + 27,852 + 476,263 1,266,069

Bills2 18,423 0 0 18,423

Notes and bonds, nominal2 1,172,921 + 26,846 + 464,049 1,185,240

Notes and bonds, inflation-indexed2 55,000 + 926 + 11,223 55,857

Inflation compensation3 6,497 + 82 + 992 6,549

Federal agency debt securities2 143,249 - 124 - 24,476 143,249

Mortgage-backed securities4 948,932 - 1,324 - 78,520 948,932

Repurchase agreements5 0 0 0 0

Term auction credit 0 0 - 15,425 0

Other loans 20,311 - 223 - 64,840 20,176

Primary credit 8 - 10 - 13,722 12

Secondary credit 0 0 - 757 0

Seasonal credit 8 + 3 - 1 8

Credit extended to American International

Group, Inc., net6 0 0 - 24,975 0

Term Asset-Backed Securities Loan Facility7 20,295 - 216 - 25,385 20,155

Other credit extensions 0 0 0 0

Net portfolio holdings of Commercial Paper

Funding Facility LLC8 0 0 - 7,749 0

Net portfolio holdings of Maiden Lane LLC9 26,064 + 19 - 1,197 26,079

Net portfolio holdings of Maiden Lane II LLC10 15,890 - 146 + 564 15,891

Net portfolio holdings of Maiden Lane III LLC11 22,857 + 33 + 843 22,977

Net portfolio holdings of TALF LLC12 703 0 + 331 703

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC6 0 0 - 25,106 0

Float -1,837 - 267 + 51 -1,980

Central bank liquidity swaps13 0 - 70 0 0

Other Federal Reserve assets14 117,680 + 2,269 + 23,147 118,420

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 43,668 + 14 + 924 43,668

Total factors supplying reserve funds 2,606,598 + 28,033 + 284,809 2,620,425

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

1. Factors Affecting Reserve Balances of Depository Institutions (continued)

Millions of dollars

Averages of daily figures Wednesday

 Mar 9, 2011 Week ended

 Mar 9, 2011

Change from week ended

 Mar 2, 2011 Mar 10, 2010

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation15 999,201 + 2,172 + 66,478 1,001,196

Reverse repurchase agreements16 56,284 - 4,341 + 1,010 55,947

Foreign official and international accounts 56,284 - 4,341 + 1,010 55,947

Others 0 0 0 0

Treasury cash holdings 196 + 10 - 8 203

Deposits with F.R. Banks, other than reserve balances 118,819 - 36,275 + 26,966 111,613

Term deposits held by depository institutions 5,070 0 + 5,070 5,070

U.S. Treasury, general account 35,841 - 11,217 - 301 28,671

U.S. Treasury, supplementary financing account 74,985 - 24,995 + 24,992 74,985

Foreign official 126 - 52 - 2,549 124

Service-related 2,320 0 - 420 2,320

Required clearing balances 2,320 0 - 420 2,320

Adjustments to compensate for float 0 0 0 0

Other 477 - 10 + 173 443

Funds from American International Group, Inc. asset

dispositions, held as agent6 0 0 0 0

Other liabilities and capital17 73,316 + 74 + 6,919 72,442

Total factors, other than reserve balances,

absorbing reserve funds 1,247,815 - 38,361 + 101,363 1,241,401

Reserve balances with Federal Reserve Banks 1,358,783 + 66,394 + 183,445 1,379,024

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

 Mar 9, 2011 Week ended

 Mar 9, 2011

Change from week ended

 Mar 2, 2011 Mar 10, 2010

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,396,735 + 12,285 + 414,956 3,397,644

U.S. Treasury securities 2,636,354 + 12,728 + 425,447 2,638,397

Federal agency securities2 760,381 - 443 - 10,491 759,247

Securities lent to dealers 16,986 + 2,851 + 11,647 16,295

Overnight facility3 16,986 + 2,851 + 11,647 16,295

U.S. Treasury securities 16,195 + 3,342 + 11,615 15,622

Federal agency debt securities 791 - 491 + 32 673

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, March 9, 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 12 8 0 20,155 0 ... 20,176

U.S. Treasury securities2

Holdings 16,005 26,086 57,572 538,702 452,158 175,546 1,266,069

Weekly changes + 3,867 - 3,864 0 + 13,479 + 16,049 + 279 + 29,811

Federal agency debt securities3

Holdings 10,754 13,402 19,290 68,485 28,971 2,347 143,249

Weekly changes + 7,499 - 7,499 + 1,014 - 1,014 0 0 0

Mortgage-backed securities4

Holdings 0 0 0 21 24 948,887 948,932

Weekly changes 0 0 0 0 + 3 - 2 0

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 0 0 0 0 0 0 0

Reverse repurchase agreements6 55,947 0 ... ... ... ... 55,947

Term deposits 5,070 0 0 ... ... ... 5,070

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

 Mar 9, 2011 Account name

Mortgage-backed securities held outright1 948,932

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

 Mar 9, 2011 Account name

Net portfolio holdings of Maiden Lane LLC1 26,079

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 24,022

Accrued interest payable to the Federal Reserve Bank of New York2 653

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 1,327

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 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

 Mar 9, 2011 Account name

Net portfolio holdings of Maiden Lane II LLC1 15,891

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 12,353

Accrued interest payable to the Federal Reserve Bank of New York2 482

Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3 1,078

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 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

 Mar 9, 2011 Account name

Net portfolio holdings of Maiden Lane III LLC1 22,977

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 12,434

Accrued interest payable to the Federal Reserve Bank of New York2 577

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 5,398

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 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

 Mar 9, 2011 Account name

Asset-backed securities holdings1 0

Other investments, net 703

Net portfolio holdings of TALF LLC 703

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 107

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

 Mar 9, 2011

Change since

Wednesday

 Mar 2, 2011

Wednesday

Mar 10, 2010

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,228 - 17 + 95

Securities, repurchase agreements, term auction

credit, and other loans 2,378,426 + 29,606 + 304,437

Securities held outright1 2,358,250 + 29,811 + 383,477

U.S. Treasury securities 1,266,069 + 29,811 + 489,478

Bills2 18,423 0 0

Notes and bonds, nominal2 1,185,240 + 28,196 + 476,368

Notes and bonds, inflation-indexed2 55,857 + 1,500 + 12,080

Inflation compensation3 6,549 + 115 + 1,030

Federal agency debt securities2 143,249 0 - 25,762

Mortgage-backed securities4 948,932 0 - 80,240

Repurchase agreements5 0 0 0

Term auction credit 0 0 - 15,425

Other loans 20,176 - 205 - 63,615

Net portfolio holdings of Commercial Paper

Funding Facility LLC6 0 0 - 7,757

Net portfolio holdings of Maiden Lane LLC7 26,079 + 17 - 1,188

Net portfolio holdings of Maiden Lane II LLC8 15,891 + 1 + 560

Net portfolio holdings of Maiden Lane III LLC9 22,977 + 140 + 859

Net portfolio holdings of TALF LLC10 703 0 + 331

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC11 0 0 - 25,106

Items in process of collection (96) 180 - 4 - 119

Bank premises 2,214 + 1 - 24

Central bank liquidity swaps12 0 - 70 0

Other assets13 116,206 + 2,352 + 23,211

Total assets (96) 2,581,140 + 32,025 + 295,297

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

 Mar 9, 2011

Change since

Wednesday

 Mar 2, 2011

Wednesday

Mar 10, 2010

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 959,955 + 2,242 + 66,332

Reverse repurchase agreements14 55,947 - 6,514 + 44

Deposits (0) 1,490,636 + 36,441 + 223,686

Term deposits held by depository institutions 5,070 0 + 5,070

Other deposits held by depository institutions 1,381,343 + 82,635 + 190,587

U.S. Treasury, general account 28,671 - 20,871 + 5,379

U.S. Treasury, supplementary financing account 74,985 - 24,995 + 24,992

Foreign official 124 - 255 - 2,492

Other (0) 443 - 74 + 148

Deferred availability cash items (96) 2,160 - 52 - 157

Other liabilities and accrued dividends15 19,369 - 111 + 5,139

Total liabilities (96) 2,528,067 + 32,006 + 295,043

Capital accounts

Capital paid in 26,536 + 9 + 460

Surplus 26,536 + 9 + 1,147

Other capital accounts 0 0 - 1,353

Total capital 53,073 + 19 + 255

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, March 9, 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 2,228 52 79 177 162 375 177 343 32 Securities, repurchase agreements,

term auction credit, and otherloans 2,378,426 59,680 982,456 55,072 80,123 268,579 223,156 177,780 60,744 

Securities held outright1 2,358,250 59,679 962,291 55,072 80,123 268,579 223,156 177,780 60,744 

U.S. Treasury securities 1,266,069 32,040 516,623 29,566 43,016 144,192 119,805 95,444 32,612 

Bills2 18,423 466 7,517 430 626 2,098 1,743 1,389 475 Notes and bonds3 1,247,646 31,574 509,106 29,136 42,390 142,093 118,062 94,055 32,137 

Federal agency debt securities2 143,249 3,625 58,453 3,345 4,867 16,315 13,555 10,799 3,690 

Mortgage-backed securities4 948,932 24,014 387,215 22,160 32,241 108,073 89,795 71,537 24,443 

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 20,176 0 20,165 0 0 0 0 0 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 26,079 0 26,079 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane II LLC8 15,891 0 15,891 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane III LLC9 22,977 0 22,977 0 0 0 0 0 0 

Net portfolio holdings of TALF LLC10 703 0 703 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 276 6 0 44 69 10 7 26 9 Bank premises 2,214 125 256 68 139 238 218 207 135 Central bank liquidity swaps12 0 0 0 0 0 0 0 0 0 Other assets13 116,206 3,206 44,120 4,795 5,011 15,697 10,007 7,401 2,537 Interdistrict settlement account 0 - 12,530 + 200,236 + 49,485 - 18,805 - 21,773 - 61,785 - 39,932 - 21,451 - 

Total assets 2,581,236 51,104 1,298,653 110,254 67,399 264,383 173,818 147,136 42,480 

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, March 9, 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 1,115,906 42,719 378,846 46,123 46,313 90,061 140,384 85,234 32,029 

Less: Notes held by F.R. Banks 155,951 4,678 45,097 5,123 7,763 12,087 21,647 12,031 3,984 

Federal Reserve notes, net 959,955 38,042 333,750 41,000 38,549 77,974 118,737 73,204 28,046 

Reverse repurchase agreements14 55,947 1,416 22,829 1,307 1,901 6,372 5,294 4,218 1,441 

Deposits 1,490,636 9,493 912,283 62,250 22,333 168,113 45,913 67,639 12,247 

Term deposits held by depository

institutions 5,070 14 2,651 800 10 515 0 293 50 

Other deposits held by depository

institutions 1,381,343 9,468 805,655 61,446 22,320 167,505 45,911 67,312 12,142 

U.S. Treasury, general account 28,671 0 28,671 0 0 0 0 0 0 U.S. Treasury, supplementary

financing account 74,985 0 74,985 0 0 0 0 0 0 

Foreign official 124 1 96 4 3 8 2 1 0 Other 443 10 225 1 0 84 0 33 55 

Deferred availability cash items 2,256 77 0 286 332 104 128 131 64 Interest on Federal Reserve notes due

to U.S. Treasury15 1,412 34 636 15 41 139 137 109 38 

Other liabilities and accrued

dividends16 17,957 209 13,756 245 307 806 599 500 209 

Total liabilities 2,528,163 49,270 1,283,255 105,102 63,463 253,508 170,809 145,801 42,045 Capital

Capital paid in 26,536 917 7,699 2,576 1,968 5,438 1,505 668 218 Surplus 26,536 917 7,699 2,576 1,968 5,438 1,505 668 218 Other capital 0 0 0 0 0 0 0 0 0 

Total liabilities and capital 2,581,236 51,104 1,298,653 110,254 67,399 264,383 173,818 147,136 42,480 

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, March 9, 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

 Mar 9, 2011 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,115,906

Less: Notes held by F.R. Banks not subject to collateralization 155,951

Federal Reserve notes to be collateralized 959,955

Collateral held against Federal Reserve notes 959,955

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 943,718

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,358,250

Less: Face value of securities under reverse repurchase agreements 45,814

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,312,436

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.