FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                                 May 26, 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   May 25, 2011
Federal Reserve Banks                                     May 25, 2011 May 18, 2011 May 26, 2010
 
Reserve Bank credit                                        2,750,674   +   11,189   +  427,408    2,759,361
  Securities held outright (1)                             2,546,417   +   14,026   +  484,246    2,556,276
    U.S. Treasury securities                               1,504,588   +   20,993   +  727,726    1,519,327
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                         1,417,325   +   19,663   +  705,302    1,432,009
      Notes and bonds, inflation-indexed (2)                  61,004   +    1,029   +   19,879       61,004
      Inflation compensation (3)                               7,837   +      302   +    2,547        7,892
    Federal agency debt securities (2)                       119,205   -    4,044   -   48,172      119,093
    Mortgage-backed securities (4)                           922,625   -    2,921   -  195,307      917,856
  Repurchase agreements (5)                                        0            0            0            0
  Loans                                                       14,651   -      367   -   60,568       14,270
    Primary credit                                                11   +        8   -    4,304            7
    Secondary credit                                               0            0   -      400            0
    Seasonal credit                                               22   +        4   -       26           26
    Credit extended to American International
       Group, Inc., net (6)                                        0            0   -   26,133            0
    Term Asset-Backed Securities Loan Facility (7)            14,617   -      381   -   29,705       14,237
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (8)                                      0            0   -        2            0
  Net portfolio holdings of Maiden Lane LLC (9)               24,427   -       36   -    3,884       24,475
  Net portfolio holdings of Maiden Lane II LLC (10)           14,987   +        3   -      869       15,009
  Net portfolio holdings of Maiden Lane III LLC (11)          24,375   -       36   +    1,002       24,379
  Net portfolio holdings of TALF LLC (12)                        744   +       11   +      272          746
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (6)                                              0            0   -   25,416            0
  Float                                                         -835   +      162   +      877       -1,107
  Central bank liquidity swaps (13)                                0            0   -    1,242            0
  Other Federal Reserve assets (14)                          125,907   -    2,575   +   32,990      125,313
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (15)                            43,888   +       14   +      799       43,888

Total factors supplying reserve funds                      2,810,802   +   11,202   +  428,206    2,819,490
 
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   May 25, 2011
Federal Reserve Banks                                     May 25, 2011 May 18, 2011 May 26, 2010
 
Currency in circulation (15)                               1,017,766   +      484   +   79,846    1,020,778
Reverse repurchase agreements (16)                            55,282   -      348   -    2,798       54,181
  Foreign official and international accounts                 55,282   -      348   -    2,798       54,181
  Others                                                           0            0            0            0
Treasury cash holdings                                           141   -        7   -       55          144
Deposits with F.R. Banks, other than reserve balances         92,321   -   13,442   -  138,159       81,743
  Term deposits held by depository institutions                    0            0            0            0
  U.S. Treasury, general account                              84,259   -    7,189   +   58,182       73,694
  U.S. Treasury, supplementary financing account               5,000            0   -  194,957        5,000
  Foreign official                                               127   -       21   -    1,315          126
  Service-related                                              2,543   -        3   -      100        2,543
    Required clearing balances                                 2,543   -        3   -      100        2,543
    Adjustments to compensate for float                            0            0            0            0
  Other                                                          391   -    6,231   +       30          380
Funds from American International Group, Inc. asset
   dispositions, held as agent (6)                                 0            0            0            0
Other liabilities and capital (17)                            73,788   +      270   +    2,087       73,093

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,239,297   -   13,045   -   59,080    1,229,939

Reserve balances with Federal Reserve Banks                1,571,505   +   24,248   +  487,286    1,589,551
 
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   May 25, 2011
Memorandum item                                           May 25, 2011 May 18, 2011 May 26, 2010
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,442,183   -      428   +  375,915    3,428,775
  U.S. Treasury securities                                 2,698,837   -    1,515   +  434,323    2,685,357
  Federal agency securities (2)                              743,346   +    1,087   -   58,408      743,419
Securities lent to dealers                                    17,242   -    4,392   +   13,827       19,938
  Overnight facility (3)                                      17,242   -    4,392   +   13,827       19,938
    U.S. Treasury securities                                  16,224   -    4,599   +   14,118       18,890
    Federal agency debt securities                             1,018   +      207   -      292        1,048
 
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,       May 25, 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)                                     26            7          560       13,677            0           ...       14,270
U.S. Treasury securities (2)
  Holdings                                21,396       14,850       89,587      655,085      546,030       192,379    1,519,327
  Weekly changes                      -    2,504   +    2,503   +        8   +    6,424   +   13,928    +    3,802   +   24,161
Federal agency debt securities (3)
  Holdings                                     0        9,317       16,524       68,156       22,749         2,347      119,093
  Weekly changes                      -    1,665   +      884   +       30   -      914            0             0   -    1,665
Mortgage-backed securities (4)
  Holdings                                     0            0            0           18           22       917,815      917,856
  Weekly changes                               0            0            0            0   -        1    -    5,723   -    5,723
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)         54,181            0          ...          ...          ...           ...       54,181
Term deposits                                  0            0            0          ...          ...           ...            0
 
Note: Components may not sum to totals because of rounding.
. . . Not applicable.

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III
   LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation
   under generally accepted accounting principles.
2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of
   inflation on the original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal
   balance of the underlying mortgages.
5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.
6. Cash value of agreements.
7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency
   is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was
   acquired from the foreign central bank.

 
3. Supplemental Information on Mortgage-Backed Securities Purchase Program
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           May 25, 2011 
 
Mortgage-backed securities held outright (1)                                                                             917,856

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                                                                                                           May 25, 2011 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                             24,475

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 21,719
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         690
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,342
 
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                                                                                                           May 25, 2011 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                          15,009

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 10,542
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         514
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                    1,085
 
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                                                                                                           May 25, 2011 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         24,379

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 11,985
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         610
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,435
 
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                                                                                                           May 25, 2011 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       746
Net portfolio holdings of TALF LLC                                                                                           746

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)                                        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.

 
8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation   May 25, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      May 18, 2011 May 26, 2010
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,130    -       19   +      116
  Securities, repurchase agreements, and loans                           2,570,545    +   16,062   +  438,444
    Securities held outright (1)                                         2,556,276    +   16,773   +  499,112
      U.S. Treasury securities                                           1,519,327    +   24,161   +  742,450
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                     1,432,009    +   24,011   +  719,986
        Notes and bonds, inflation-indexed (2)                              61,004             0   +   19,879
        Inflation compensation (3)                                           7,892    +      150   +    2,586
      Federal agency debt securities (2)                                   119,093    -    1,665   -   48,284
      Mortgage-backed securities (4)                                       917,856    -    5,723   -  195,054
    Repurchase agreements (5)                                                    0             0            0
    Loans                                                                   14,270    -      710   -   60,667
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (6)                                                    0             0   -        2
  Net portfolio holdings of Maiden Lane LLC (7)                             24,475    +       56   -    3,854
  Net portfolio holdings of Maiden Lane II LLC (8)                          15,009    +       25   -      901
  Net portfolio holdings of Maiden Lane III LLC (9)                         24,379    +        5   +      999
  Net portfolio holdings of TALF LLC (10)                                      746    +       13   +      268
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (11)                                                           0             0   -   25,416
  Items in process of collection                            (141)              272    -       82   -        2
  Bank premises                                                              2,213    +        3   -       23
  Central bank liquidity swaps (12)                                              0             0   -    1,242
  Other assets (13)                                                        123,096    +      858   +   33,207

Total assets                                                (141)        2,779,103    +   16,921   +  441,596
 
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   May 25, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      May 18, 2011 May 26, 2010
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                         979,160    +    2,826   +   79,378
  Reverse repurchase agreements (14)                                        54,181    -    3,245   -    3,977
  Deposits                                                    (0)        1,671,290    +   17,449   +  364,490
    Term deposits held by depository institutions                                0             0            0
    Other deposits held by depository institutions                       1,592,091    +   53,392   +  503,688
    U.S. Treasury, general account                                          73,694    -   35,926   +   56,966
    U.S. Treasury, supplementary financing account                           5,000             0   -  194,957
    Foreign official                                                           126    +        1   -    1,223
    Other                                                     (0)              380    -       16   +       18
  Deferred availability cash items                          (141)            1,379    +        6   -      713
  Other liabilities and accrued dividends (15)                              20,435    -      175   +    4,808

Total liabilities                                           (141)        2,726,445    +   16,861   +  443,986

Capital accounts
  Capital paid in                                                           26,329    +       30   -       87
  Surplus                                                                   26,329    +       30   +      661
  Other capital accounts                                                         0             0   -    2,963

Total capital                                                               52,658    +       61   -    2,390
 
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,       May 25, 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                                           2,130          52          78         159         155         356         176         331          32          61         160         215         354
  Securities, repurchase agreements,
     and loans                               2,570,545      62,850   1,203,015      87,568      69,050     295,224     190,050     151,817      48,387      39,292      67,998     101,101     254,192
    Securities held outright (1)             2,556,276      62,850   1,188,778      87,568      69,050     295,224     190,040     151,806      48,383      39,286      67,998     101,101     254,192
      U.S. Treasury securities               1,519,327      37,355     706,552      52,046      41,040     175,467     112,951      90,226      28,756      23,350      40,415      60,090     151,080
        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)                  1,500,904      36,902     697,985      51,415      40,543     173,339     111,581      89,132      28,408      23,067      39,925      59,361     149,248
      Federal agency debt securities (2)       119,093       2,928      55,383       4,080       3,217      13,754       8,854       7,072       2,254       1,830       3,168       4,710      11,842
      Mortgage-backed securities (4)           917,856      22,567     426,842      31,442      24,793     106,003      68,236      54,507      17,372      14,106      24,415      36,301      91,270
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Loans                                       14,270           0      14,237           0           0           0          10          12           5           6           0           0           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)                               24,475           0      24,475           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (8)                            15,009           0      15,009           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (9)                           24,379           0      24,379           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (10)          746           0         746           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                   413          21           0          77          85           7           4          41           8          25          18          21         105
  Bank premises                                  2,213         124         255          68         138         237         217         209         136         107         263         247         212
  Central bank liquidity swaps (12)                  0           0           0           0           0           0           0           0           0           0           0           0           0
  Other assets (13)                            123,096       3,315      52,422       5,915       4,578      16,635       8,721       6,401       2,059       2,331       2,820       4,245      13,655
  Interdistrict settlement account                   0   -  12,872   + 264,079   +  11,570   -  10,449   - 107,100   -  35,381   -   3,986   -  11,304   -  18,135   -  17,427   -   8,151   -  50,844

Total assets                                 2,779,243      54,075   1,590,142     105,999      64,245     206,643     165,836     156,092      39,788      23,967      54,303      98,688     219,465
 
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,       May 25, 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          1,135,618      43,330     387,556      47,379      52,786      90,477     140,220      89,085      32,370      19,490      32,075      75,091     125,760
    Less: Notes held by F.R. Banks             156,459       4,769      42,047       5,638       8,001      12,378      22,482      12,775       4,193       5,486       3,436      11,187      24,067
      Federal Reserve notes, net               979,160      38,561     345,509      41,741      44,785      78,099     117,738      76,310      28,177      14,004      28,640      63,904     101,693
  Reverse repurchase agreements (14)            54,181       1,332      25,196       1,856       1,464       6,257       4,028       3,218       1,025         833       1,441       2,143       5,388
  Deposits                                   1,671,290      12,023   1,188,403      57,166      13,513     110,358      40,340      74,604       9,886       6,960      23,398      31,425     103,213
    Term deposits held by depository
       institutions                                  0           0           0           0           0           0           0           0           0           0           0           0           0
    Other deposits held by depository
       institutions                          1,592,091      12,021   1,109,354      57,162      13,509     110,243      40,338      74,602       9,885       6,959      23,397      31,424     103,197
    U.S. Treasury, general account              73,694           0      73,694           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          97           4           3           8           2           1           0           1           0           1           6
    Other                                          380           1         258           0           1         107           0           1           0           0           1           0          10
  Deferred availability cash items               1,520          73           0         250         201          52          86         104          47         348          72          77         210
  Interest on Federal Reserve notes due
     to U.S. Treasury (15)                       1,378          29         759           9          23         122          90          86          27          15          40          58         120
  Other liabilities and accrued
     dividends (16)                             19,057         221      14,843         314         311         889         533         440         181         167         192         302         663

Total liabilities                            2,726,585      52,240   1,574,711     101,337      60,295     195,777     162,815     154,762      39,343      22,327      53,784      97,909     211,286

Capital
  Capital paid in                               26,329         918       7,716       2,331       1,975       5,433       1,510         665         222         820         260         390       4,089
  Surplus                                       26,329         918       7,716       2,331       1,975       5,433       1,510         665         222         820         260         390       4,089
  Other capital                                      0           0           0           0           0           0           0           0           0           0           0           0           0

Total liabilities and capital                2,779,243      54,075   1,590,142     105,999      64,245     206,643     165,836     156,092      39,788      23,967      54,303      98,688     219,465
 
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,       May 25, 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                                                       May 25, 2011 
 
Federal Reserve notes outstanding                                                          1,135,618
  Less: Notes held by F.R. Banks not subject to collateralization                            156,459
    Federal Reserve notes to be collateralized                                               979,160
Collateral held against Federal Reserve notes                                                979,160
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   962,923
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,556,276
  Less: Face value of securities under reverse repurchase agreements                          50,257
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,506,019
 
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.