FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks August 4, 2011

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

 Aug 3, 2011 Week ended

 Aug 3, 2011

Change from week ended

Jul 27, 2011 Aug 4, 2010

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,849,525 - 3,360 + 540,430 2,851,066

Securities held outright1 2,649,085 - 910 + 595,052 2,650,638

U.S. Treasury securities 1,639,365 + 4,404 + 862,343 1,640,919

Bills2 18,423 0 0 18,423

Notes and bonds, nominal2 1,546,072 + 4,336 + 834,052 1,547,626

Notes and bonds, inflation-indexed2 65,521 0 + 24,392 65,521

Inflation compensation3 9,349 + 67 + 3,898 9,349

Federal agency debt securities2 112,435 - 1,372 - 46,946 112,435

Mortgage-backed securities4 897,285 - 3,941 - 220,344 897,285

Repurchase agreements5 0 0 0 0

Loans 11,962 - 147 - 51,926 11,965

Primary credit 10 + 8 - 26 52

Secondary credit 0 0 0 0

Seasonal credit 81 - 6 - 2 88

Credit extended to American International

Group, Inc., net6 0 0 - 23,585 0

Term Asset-Backed Securities Loan Facility7 11,871 - 149 - 28,313 11,825

Other credit extensions 0 0 0 0

Net portfolio holdings of Commercial Paper

Funding Facility LLC8 0 0 - 1 0

Net portfolio holdings of Maiden Lane LLC9 20,821 + 67 - 8,606 20,820

Net portfolio holdings of Maiden Lane II LLC10 10,179 - 1,106 - 5,993 10,063

Net portfolio holdings of Maiden Lane III LLC11 21,468 - 1,755 - 2,082 21,511

Net portfolio holdings of TALF LLC12 767 0 + 227 767

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC6 0 0 - 25,733 0

Float -1,085 - 64 + 598 -1,246

Central bank liquidity swaps13 0 0 - 1,246 0

Other Federal Reserve assets14 136,328 + 554 + 40,139 136,548

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 44,036 + 14 + 770 44,036

Total factors supplying reserve funds 2,909,801 - 3,346 + 541,199 2,911,343

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

 Aug 3, 2011 Week ended

 Aug 3, 2011

Change from week ended

Jul 27, 2011 Aug 4, 2010

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation15 1,031,804 + 3,286 + 87,087 1,034,787

Reverse repurchase agreements16 69,812 + 4,432 + 7,657 68,623

Foreign official and international accounts 69,812 + 4,432 + 7,657 68,623

Others 0 0 0 0

Treasury cash holdings 116 - 15 - 94 129

Deposits with F.R. Banks, other than reserve balances 113,773 + 19,784 - 121,326 93,094

Term deposits held by depository institutions 5,088 + 5,088 + 2,969 5,088

U.S. Treasury, general account 56,911 - 20,108 + 29,534 32,271

U.S. Treasury, supplementary financing account 0 - 5,000 - 199,960 0

Foreign official 133 - 9 - 2,605 125

Service-related 2,490 - 40 + 33 2,490

Required clearing balances 2,490 - 40 + 33 2,490

Adjustments to compensate for float 0 0 0 0

Other 49,151 + 39,853 + 48,702 53,120

Funds from American International Group, Inc. asset

dispositions, held as agent6 0 0 0 0

Other liabilities and capital17 69,337 - 2,977 - 4,697 69,341

Total factors, other than reserve balances,

absorbing reserve funds 1,284,841 + 24,509 - 31,374 1,265,973

Reserve balances with Federal Reserve Banks 1,624,960 - 27,855 + 572,574 1,645,370

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

 Aug 3, 2011 Week ended

 Aug 3, 2011

Change from week ended

Jul 27, 2011 Aug 4, 2010

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,463,237 + 10,128 + 309,332 3,472,122

U.S. Treasury securities 2,728,887 + 8,584 + 406,135 2,735,995

Federal agency securities2 734,349 + 1,544 - 96,804 736,127

Securities lent to dealers 23,401 + 7,079 + 19,323 24,773

Overnight facility3 23,401 + 7,079 + 19,323 24,773

U.S. Treasury securities 22,209 + 6,429 + 19,277 23,509

Federal agency debt securities 1,192 + 650 + 46 1,264

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, August 3, 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

Loans1 80 60 1,564 10,261 0 ... 11,965

U.S. Treasury securities2

Holdings 14,689 16,788 116,238 715,116 577,458 200,629 1,640,919

Weekly changes - 4,264 + 5,346 + 2,095 + 4,823 - 5,260 + 17 + 2,758

Federal agency debt securities3

Holdings 1,775 2,992 16,639 68,537 20,145 2,347 112,435

Weekly changes + 1,775 - 1,775 0 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 0 16 22 897,247 897,285

Weekly changes 0 0 0 0 0 0 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 68,623 0 ... ... ... ... 68,623

Term deposits 0 5,088 0 ... ... ... 5,088

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

 Aug 3, 2011 Account name

Mortgage-backed securities held outright1 897,285

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

 Aug 3, 2011 Account name

Net portfolio holdings of Maiden Lane LLC1 20,820

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 17,693

Accrued interest payable to the Federal Reserve Bank of New York2 720

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 1,356

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 June 30, 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

 Aug 3, 2011 Account name

Net portfolio holdings of Maiden Lane II LLC1 10,063

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 6,808

Accrued interest payable to the Federal Reserve Bank of New York2 533

Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3 1,092

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 June 30, 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.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday

 Aug 3, 2011 Account name

Net portfolio holdings of Maiden Lane III LLC1 21,511

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 10,854

Accrued interest payable to the Federal Reserve Bank of New York2 638

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 5,469

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 June 30, 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

 Aug 3, 2011 Account name

Asset-backed securities holdings1 0

Other investments, net 767

Net portfolio holdings of TALF LLC 767

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 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.
H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Eliminations from

consolidation

Wednesday

 Aug 3, 2011

Change since

Wednesday

Jul 27, 2011

Wednesday

 Aug 4, 2010

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,186 - 12 + 121

Securities, repurchase agreements, and loans 2,662,603 + 2,755 + 544,702

Securities held outright1 2,650,638 + 2,757 + 596,504

U.S. Treasury securities 1,640,919 + 2,758 + 863,900

Bills2 18,423 0 0

Notes and bonds, nominal2 1,547,626 + 2,720 + 835,606

Notes and bonds, inflation-indexed2 65,521 0 + 24,392

Inflation compensation3 9,349 + 38 + 3,901

Federal agency debt securities2 112,435 0 - 46,946

Mortgage-backed securities4 897,285 0 - 220,449

Repurchase agreements5 0 0 0

Loans 11,965 - 3 - 51,802

Net portfolio holdings of Commercial Paper

Funding Facility LLC6 0 0 - 1

Net portfolio holdings of Maiden Lane LLC7 20,820 + 5 - 8,631

Net portfolio holdings of Maiden Lane II LLC8 10,063 - 162 - 6,111

Net portfolio holdings of Maiden Lane III LLC9 21,511 + 54 - 2,070

Net portfolio holdings of TALF LLC10 767 0 + 227

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC11 0 0 - 25,733

Items in process of collection (148) 299 + 141 - 24

Bank premises 2,196 - 6 - 28

Central bank liquidity swaps12 0 0 - 1,246

Other assets13 134,359 + 850 + 39,949

Total assets (148) 2,871,041 + 3,625 + 541,156

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

 Aug 3, 2011

Change since

Wednesday

Jul 27, 2011

Wednesday

 Aug 4, 2010

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 993,062 + 4,043 + 87,287

Reverse repurchase agreements14 68,623 + 1,619 + 7,716

Deposits (0) 1,738,471 - 2,889 + 449,750

Term deposits held by depository institutions 5,088 + 5,088 + 2,969

Other deposits held by depository institutions 1,647,867 - 10,452 + 607,650

U.S. Treasury, general account 32,271 - 34,486 - 11,742

U.S. Treasury, supplementary financing account 0 - 5,000 - 199,960

Foreign official 125 0 - 1,905

Other (0) 53,120 + 41,962 + 52,738

Deferred availability cash items (148) 1,545 + 132 - 707

Other liabilities and accrued dividends15 17,578 + 631 + 2,199

Total liabilities (148) 2,819,278 + 3,535 + 546,244

Capital accounts

Capital paid in 25,881 + 45 - 788

Surplus 25,881 + 45 + 53

Other capital accounts 0 0 - 4,354

Total capital 51,763 + 91 - 5,088

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, August 3, 2011Millions of dollars

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

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 390 3,866 432 450 872 1,394 854 319 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 Coin 2,186 51 68 164 161 361 196 327 41 Securities, repurchase agreements,

and loans 2,662,603 65,170 1,244,486 90,800 71,599 306,122 197,065 157,420 50,195 

Securities held outright1 2,650,638 65,170 1,232,661 90,800 71,599 306,122 197,055 157,409 50,169 

U.S. Treasury securities 1,640,919 40,344 763,098 56,211 44,325 189,509 121,990 97,447 31,058 

Bills2 18,423 453 8,567 631 498 2,128 1,370 1,094 349 Notes and bonds3 1,622,496 39,891 754,530 55,580 43,827 187,382 120,621 96,353 30,709 

Federal agency debt securities2 112,435 2,764 52,287 3,852 3,037 12,985 8,359 6,677 2,128 

Mortgage-backed securities4 897,285 22,061 417,276 30,737 24,238 103,627 66,706 53,286 16,983 

Repurchase agreements5 0 0 0 0 0 0 0 0 0 Loans 11,965 0 11,825 0 0 0 10 11 26 

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 20,820 0 20,820 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane II LLC8 10,063 0 10,063 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane III LLC9 21,511 0 21,511 0 0 0 0 0 0 

Net portfolio holdings of TALF LLC10 767 0 767 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 447 33 96 86 109 7 25 -55 5 Bank premises 2,196 122 255 67 137 235 214 206 135 Central bank liquidity swaps12 0 0 0 0 0 0 0 0 0 Other assets13 134,359 3,592 57,531 6,429 4,920 18,009 9,533 7,024 2,256 Interdistrict settlement account 0 + 4,179 + 202,700 + 8,445 + 7,041 - 108,741 - 33,482 - 10,970 - 8,482 - 

Total assets 2,871,189 73,734 1,563,981 106,633 84,654 217,277 175,599 155,231 44,620 

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, August 3, 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 1,151,379 42,988 384,915 46,771 55,211 95,685 139,701 90,873 34,100 

Less: Notes held by F.R. Banks 158,316 5,240 41,130 6,364 7,156 12,358 24,329 13,142 4,384 

Federal Reserve notes, net 993,062 37,747 343,785 40,408 48,055 83,327 115,372 77,731 29,716 

Reverse repurchase agreements14 68,623 1,687 31,912 2,351 1,854 7,925 5,102 4,075 1,299 

Deposits 1,738,471 32,127 1,159,724 58,561 30,264 113,890 51,489 71,336 12,891 

Term deposits held by depository

institutions 5,088 20 1,485 805 0 1,765 0 22 75 

Other deposits held by depository

institutions 1,647,867 32,103 1,072,996 57,735 30,261 111,969 51,487 71,289 12,769 

U.S. Treasury, general account 32,271 0 32,271 0 0 0 0 0 0 U.S. Treasury, supplementary

financing account 0 0 0 0 0 0 0 0 0 

Foreign official 125 1 97 4 3 8 2 1 0 Other 53,120 2 52,876 18 0 148 0 24 47 

Deferred availability cash items 1,693 98 0 288 220 64 92 112 53 Interest on Federal Reserve notes due

to U.S. Treasury15 -77 33 -904 58 33 189 125 86 32 

Other liabilities and accrued

dividends16 17,655 198 13,944 259 264 754 479 407 180 

Total liabilities 2,819,426 71,891 1,548,461 101,925 80,691 206,150 172,658 153,748 44,171 Capital

Capital paid in 25,881 922 7,760 2,354 1,982 5,564 1,471 742 224 Surplus 25,881 922 7,760 2,354 1,982 5,564 1,471 742 224 Other capital 0 0 0 0 0 0 0 0 0 

Total liabilities and capital 2,871,189 73,734 1,563,981 106,633 84,654 217,277 175,599 155,231 44,620 

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, August 3, 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

 Aug 3, 2011 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,151,379

Less: Notes held by F.R. Banks not subject to collateralization 158,316

Federal Reserve notes to be collateralized 993,062

Collateral held against Federal Reserve notes 993,062

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 976,826

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,650,638

Less: Face value of securities under reverse repurchase agreements 60,956

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,589,682

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.