FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                                June 30, 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   Jun 29, 2011
Federal Reserve Banks                                     Jun 29, 2011 Jun 22, 2011 Jun 30, 2010
 
Reserve Bank credit                                        2,843,151   +   16,531   +  526,805    2,849,329
  Securities held outright (1)                             2,636,565   +   14,606   +  575,064    2,642,617
    U.S. Treasury securities                               1,607,000   +   17,835   +  830,018    1,617,060
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                         1,514,339   +   16,440   +  802,316    1,524,358
      Notes and bonds, inflation-indexed (2)                  65,296   +    1,101   +   24,171       65,296
      Inflation compensation (3)                               8,943   +      295   +    3,533        8,984
    Federal agency debt securities (2)                       117,584   -      781   -   47,665      116,704
    Mortgage-backed securities (4)                           911,980   -    2,449   -  207,291      908,853
  Repurchase agreements (5)                                        0            0            0            0
  Loans                                                       12,975   -      183   -   54,872       12,845
    Primary credit                                                18   -        2   -      144           17
    Secondary credit                                               0   -        1   -       79            0
    Seasonal credit                                               51   +        9   -       19           58
    Credit extended to American International
       Group, Inc., net (6)                                        0            0   -   24,857            0
    Term Asset-Backed Securities Loan Facility (7)            12,906   -      190   -   29,775       12,769
    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)               23,819   +       44   -    4,610       23,849
  Net portfolio holdings of Maiden Lane II LLC (10)           12,514   +        7   -    3,199       12,538
  Net portfolio holdings of Maiden Lane III LLC (11)          24,239   +        8   +    1,039       24,244
  Net portfolio holdings of TALF LLC (12)                        757   +        8   +      251          757
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (6)                                              0            0   -   25,461            0
  Float                                                       -1,039   -       28   +      625       -1,240
  Central bank liquidity swaps (13)                                0            0   -    1,245            0
  Other Federal Reserve assets (14)                          133,321   +    2,070   +   39,215      133,719
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (15)                            43,966   +       14   +      761       43,966

Total factors supplying reserve funds                      2,903,357   +   16,545   +  527,565    2,909,535
 
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   Jun 29, 2011
Federal Reserve Banks                                     Jun 29, 2011 Jun 22, 2011 Jun 30, 2010
 
Currency in circulation (15)                               1,023,975   +    1,308   +   82,565    1,027,497
Reverse repurchase agreements (16)                            65,327   +    2,423   +      403       66,607
  Foreign official and international accounts                 65,327   +    2,423   +      403       66,607
  Others                                                           0            0            0            0
Treasury cash holdings                                           130   -        2   -       99          147
Deposits with F.R. Banks, other than reserve balances        121,959   -   14,675   -  131,533      121,841
  Term deposits held by depository institutions                5,087            0   +    3,935        5,087
  U.S. Treasury, general account                             107,983   -   14,952   +   67,871      105,582
  U.S. Treasury, supplementary financing account               5,000            0   -  194,965        5,000
  Foreign official                                               189   -       24   -    1,600          126
  Service-related                                              2,535   -        2   +       61        2,535
    Required clearing balances                                 2,535   -        2   +       61        2,535
    Adjustments to compensate for float                            0            0            0            0
  Other                                                        1,166   +      304   -    6,832        3,511
Funds from American International Group, Inc. asset
   dispositions, held as agent (6)                                 0            0            0            0
Other liabilities and capital (17)                            74,577   +      598   +    2,221       73,593

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,285,969   -   10,347   -   46,443    1,289,685

Reserve balances with Federal Reserve Banks                1,617,388   +   26,892   +  574,008    1,619,850
 
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   Jun 29, 2011
Memorandum item                                           Jun 29, 2011 Jun 22, 2011 Jun 30, 2010
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,445,002   -   14,584   +  347,302    3,440,515
  U.S. Treasury securities                                 2,706,688   -   16,491   +  433,738    2,702,154
  Federal agency securities (2)                              738,313   +    1,905   -   86,437      738,361
Securities lent to dealers                                    29,527   +    1,143   +   22,247       37,196
  Overnight facility (3)                                      29,527   +    1,143   +   22,247       37,196
    U.S. Treasury securities                                  28,839   +    1,214   +   23,193       36,392
    Federal agency debt securities                               688   -       70   -      945          804
 
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,      June 29, 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)                                     67            9        1,240       11,529            0           ...       12,845
U.S. Treasury securities (2)
  Holdings                                19,417       10,966      100,519      703,587      585,665       196,906    1,617,060
  Weekly changes                      +    3,867   -    3,867   +        6   +    8,867   +    4,962    +    1,261   +   15,097
Federal agency debt securities (3)
  Holdings                                 1,634        6,802       16,784       66,388       22,749         2,347      116,704
  Weekly changes                      -    1,661            0            0            0            0             0   -    1,661
Mortgage-backed securities (4)
  Holdings                                     0            0            0           17           23       908,814      908,853
  Weekly changes                               0            0            0            0            0    -    5,472   -    5,473
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)         66,607            0          ...          ...          ...           ...       66,607
Term deposits                              5,087            0            0          ...          ...           ...        5,087
 
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                                                                                                           Jun 29, 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                                                                                                           Jun 29, 2011 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                             23,849

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)                                                         706
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,349
 
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                                                                                                           Jun 29, 2011 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                          12,538

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  8,059
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         525
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                    1,088
 
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                                                                                                           Jun 29, 2011 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         24,244

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)                                                         625
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,452
 
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                                                                                                           Jun 29, 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   Jun 29, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Jun 22, 2011 Jun 30, 2010
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,114    -       12   +      139
  Securities, repurchase agreements, and loans                           2,655,462    +    7,786   +  527,759
    Securities held outright (1)                                         2,642,617    +    7,963   +  582,739
      U.S. Treasury securities                                           1,617,060    +   15,097   +  840,071
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                     1,524,358    +   14,986   +  812,335
        Notes and bonds, inflation-indexed (2)                              65,296             0   +   24,171
        Inflation compensation (3)                                           8,984    +      111   +    3,567
      Federal agency debt securities (2)                                   116,704    -    1,661   -   48,058
      Mortgage-backed securities (4)                                       908,853    -    5,473   -  209,274
    Repurchase agreements (5)                                                    0             0            0
    Loans                                                                   12,845    -      177   -   54,980
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (6)                                                    0             0   -        1
  Net portfolio holdings of Maiden Lane LLC (7)                             23,849    +       35   -    4,649
  Net portfolio holdings of Maiden Lane II LLC (8)                          12,538    +       28   -    3,225
  Net portfolio holdings of Maiden Lane III LLC (9)                         24,244    +        6   +    1,036
  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                            (158)              238    -       23   -       26
  Bank premises                                                              2,210             0   -       25
  Central bank liquidity swaps (12)                                              0             0   -    1,245
  Other assets (13)                                                        131,518    +      984   +   40,590

Total assets                                                (158)        2,869,167    +    8,805   +  534,871
 
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   Jun 29, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Jun 22, 2011 Jun 30, 2010
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                         985,788    +    4,041   +   81,658
  Reverse repurchase agreements (14)                                        66,607    +    1,254   -      616
  Deposits                                                    (0)        1,741,700    +    3,857   +  451,901
    Term deposits held by depository institutions                            5,087             0   +    3,935
    Other deposits held by depository institutions                       1,622,395    +   25,429   +  650,058
    U.S. Treasury, general account                                         105,582    -   24,112   +   17,967
    U.S. Treasury, supplementary financing account                           5,000             0   -  194,965
    Foreign official                                                           126    -      263   -    1,088
    Other                                                     (0)            3,511    +    2,804   -   24,005
  Deferred availability cash items                          (158)            1,478    +       98   -      734
  Other liabilities and accrued dividends (15)                              20,619    -      450   +    5,890

Total liabilities                                           (158)        2,816,193    +    8,802   +  538,099

Capital accounts
  Capital paid in                                                           26,487    +        2   -      133
  Surplus                                                                   26,487    +        2   +      689
  Other capital accounts                                                         0             0   -    3,784

Total capital                                                               52,974    +        3   -    3,228
 
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,      June 29, 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                                           2,114          49          68         160         153         350         180         326          34          60         162         214         357
  Securities, repurchase agreements,
     and loans                               2,655,462      64,977   1,241,701      90,528      71,383     305,196     196,463     156,942      50,026      40,645      70,308     104,516     262,778
    Securities held outright (1)             2,642,617      64,973   1,228,930      90,526      71,383     305,195     196,459     156,933      50,017      40,613      70,295     104,516     262,778
      U.S. Treasury securities               1,617,060      39,758     752,002      55,394      43,680     186,754     120,216      96,030      30,606      24,852      43,015      63,955     160,798
        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)                  1,598,637      39,305     743,435      54,763      43,183     184,626     118,847      94,936      30,257      24,569      42,525      63,226     158,966
      Federal agency debt securities (2)       116,704       2,869      54,272       3,998       3,152      13,478       8,676       6,931       2,209       1,794       3,104       4,616      11,605
      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                                       12,845           4      12,770           2           1           0           4           9           9          32          13           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)                               23,849           0      23,849           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (8)                            12,538           0      12,538           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (9)                           24,244           0      24,244           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                   396          28           0          78          83           8          20          38           6          46          16          18          55
  Bank premises                                  2,210         123         256          68         138         236         218         209         136         106         262         247         211
  Central bank liquidity swaps (12)                  0           0           0           0           0           0           0           0           0           0           0           0           0
  Other assets (13)                            131,518       3,526      56,237       6,233       4,831      17,663       9,349       6,879       2,219       2,470       3,032       4,565      14,513
  Interdistrict settlement account                   0   -  10,855   + 255,303   +   2,516   -   5,518   -  83,915   -  43,976   -   7,033   -  11,552   -  19,778   -  17,456   -  11,503   -  46,232

Total assets                                 2,869,325      58,435   1,620,637     100,225      71,757     240,820     164,300     158,639      41,339      23,836      56,795      99,067     233,473
 
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,      June 29, 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          1,144,078      43,215     386,045      47,120      54,686      92,641     139,658      89,831      33,594      19,445      32,082      75,249     130,511
    Less: Notes held by F.R. Banks             158,290       4,729      41,508       5,679       7,839      12,364      25,063      12,856       4,222       5,487       3,067      10,875      24,602
      Federal Reserve notes, net               985,788      38,486     344,537      41,441      46,847      80,276     114,594      76,976      29,372      13,958      29,015      64,374     105,910
  Reverse repurchase agreements (14)            66,607       1,638      30,975       2,282       1,799       7,692       4,952       3,956       1,261       1,024       1,772       2,634       6,623
  Deposits                                   1,741,700      16,134   1,214,083      51,146      18,614     140,610      41,082      75,749      10,006       6,535      25,188      30,856     111,698
    Term deposits held by depository
       institutions                              5,087          18       3,157         605           3         941           0          10           0          33           1          10         310
    Other deposits held by depository
       institutions                          1,622,395      16,112   1,096,864      50,537      18,607     139,591      41,080      75,714       9,981       6,500      25,186      30,845     111,377
    U.S. Treasury, general account             105,582           0     105,582           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                               126           1          98           4           3           8           2           1           0           1           0           1           6
    Other                                        3,511           3       3,382           0           1          70           0          23          25           0           1           0           5
  Deferred availability cash items               1,636          78           0         233         194          52          87         104          47         488          70          65         218
  Interest on Federal Reserve notes due
     to U.S. Treasury (15)                       1,411          31         685          39          34         150         111          84          26          21          39          58         136
  Other liabilities and accrued
     dividends (16)                             19,208         226      14,919         329         319         914         534         438         182         171         192         301         682

Total liabilities                            2,816,350      56,592   1,605,199      95,470      67,807     229,694     161,360     157,306      40,894      22,196      56,275      98,288     225,267

Capital
  Capital paid in                               26,487         921       7,719       2,377       1,975       5,563       1,470         667         222         820         260         389       4,103
  Surplus                                       26,487         921       7,719       2,377       1,975       5,563       1,470         667         222         820         260         389       4,103
  Other capital                                      0           0           0           0           0           0           0           0           0           0           0           0           0

Total liabilities and capital                2,869,325      58,435   1,620,637     100,225      71,757     240,820     164,300     158,639      41,339      23,836      56,795      99,067     233,473
 
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,      June 29, 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                                                       Jun 29, 2011 
 
Federal Reserve notes outstanding                                                          1,144,078
  Less: Notes held by F.R. Banks not subject to collateralization                            158,290
    Federal Reserve notes to be collateralized                                               985,788
Collateral held against Federal Reserve notes                                                985,788
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   969,551
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,642,617
  Less: Face value of securities under reverse repurchase agreements                          61,189
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,581,428
 
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.