FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks March 17, 2011

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

Mar 16, 2011 Week ended

Mar 16, 2011

Change from week ended

 Mar 9, 2011 Mar 17, 2010

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,568,224 + 21,534 + 276,142 2,566,952

Securities held outright1 2,365,019 + 19,997 + 353,520 2,364,483

U.S. Treasury securities 1,274,961 + 22,121 + 498,346 1,280,386

Bills2 18,423 0 0 18,423

Notes and bonds, nominal2 1,194,090 + 21,169 + 485,218 1,199,490

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

Inflation compensation3 6,592 + 95 + 1,049 6,616

Federal agency debt securities2 142,505 - 744 - 25,547 139,994

Mortgage-backed securities4 947,552 - 1,380 - 119,280 944,103

Repurchase agreements5 0 0 0 0

Term auction credit 0 0 - 3,410 0

Other loans 20,050 - 261 - 65,270 19,949

Primary credit 7 - 1 - 11,482 4

Secondary credit 0 0 - 600 0

Seasonal credit 9 + 1 0 9

Credit extended to American International

Group, Inc., net6 0 0 - 24,983 0

Term Asset-Backed Securities Loan Facility7 20,035 - 260 - 28,204 19,936

Other credit extensions 0 0 0 0

Net portfolio holdings of Commercial Paper

Funding Facility LLC8 0 0 - 7,759 0

Net portfolio holdings of Maiden Lane LLC9 25,847 - 217 - 1,423 25,557

Net portfolio holdings of Maiden Lane II LLC10 15,892 + 2 + 560 15,896

Net portfolio holdings of Maiden Lane III LLC11 22,943 + 86 + 823 22,913

Net portfolio holdings of TALF LLC12 703 0 + 331 703

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC6 0 0 - 25,106 0

Float -1,442 + 395 + 388 -1,529

Central bank liquidity swaps13 0 0 0 0

Other Federal Reserve assets14 119,213 + 1,533 + 23,489 118,980

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 43,682 + 14 + 938 43,682

Total factors supplying reserve funds 2,628,147 + 21,549 + 277,080 2,626,875

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

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

Millions of dollars

Averages of daily figures Wednesday

Mar 16, 2011 Week ended

Mar 16, 2011

Change from week ended

 Mar 9, 2011 Mar 17, 2010

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation15 1,000,917 + 1,716 + 68,136 1,003,135

Reverse repurchase agreements16 59,154 + 2,870 + 2,905 62,287

Foreign official and international accounts 59,154 + 2,870 + 2,905 62,287

Others 0 0 0 0

Treasury cash holdings 204 + 8 + 1 210

Deposits with F.R. Banks, other than reserve balances 99,523 - 19,296 - 68,878 154,357

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

U.S. Treasury, general account 42,088 + 6,247 - 10,079 101,471

U.S. Treasury, supplementary financing account 49,991 - 24,994 - 24,997 49,991

Foreign official 134 + 8 - 2,616 123

Service-related 2,314 - 6 - 376 2,314

Required clearing balances 2,314 - 6 - 376 2,314

Adjustments to compensate for float 0 0 0 0

Other 4,996 + 4,519 - 30,810 458

Funds from American International Group, Inc. asset

dispositions, held as agent6 0 0 0 0

Other liabilities and capital17 73,011 - 305 + 4,556 72,580

Total factors, other than reserve balances,

absorbing reserve funds 1,232,809 - 15,006 + 6,720 1,292,569

Reserve balances with Federal Reserve Banks 1,395,338 + 36,555 + 270,360 1,334,306

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of

the underlying mortgages.

5. Cash value of agreements.

6. As a result of the closing of the American International Group, Inc. (AIG) recapitalization plan on January 14, 2011, the credit extended to AIG

was fully repaid and the Federal Reserve’s commitment to lend any further funds was terminated. In addition, the Federal Reserve Bank of

New York (FRBNY) has been paid in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. The funds from AIG asset

dispositions that FRBNY held as agent were the source of repayment of the credit extended to AIG, as well as a portion of the

FRBNY’s preferred interests in ALICO Holdings LLC. The remaining FRBNY preferred interests in ALICO Holdings LLC and AIA Aurora

LLC, valued at approximately $20 billion, were purchased by AIG through a draw on the Treasury’s Series F preferred stock commitment

and then transferred by AIG to the Treasury as consideration for the draw on the available Series F funds.

7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

8. Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper

Funding Facility LLC.

9. Refer to table 4 and the note on consolidation accompanying table 9.

10.Refer to table 5 and the note on consolidation accompanying table 9.

11.Refer to table 6 and the note on consolidation accompanying table 9.

12.Refer to table 7 and the note on consolidation accompanying table 9.

13.Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned

to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the

foreign central bank.

14.Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, and the fair value adjustment

to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the

AIG recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY’s preferred interests in AIA Aurora LLC and ALICO

Holdings LLC.

15.Estimated.

16.Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

17.Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve

Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note

on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Refer to table 8

and table 9.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
H.4.1

1A. Memorandum Items

Millions of dollars

Averages of daily figures Wednesday

Mar 16, 2011 Week ended

Mar 16, 2011

Change from week ended

 Mar 9, 2011 Mar 17, 2010

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,401,266 + 4,531 + 404,573 3,409,877

U.S. Treasury securities 2,638,536 + 2,182 + 411,936 2,647,846

Federal agency securities2 762,730 + 2,349 - 7,363 762,031

Securities lent to dealers 14,306 - 2,680 + 9,084 13,210

Overnight facility3 14,306 - 2,680 + 9,084 13,210

U.S. Treasury securities 13,478 - 2,717 + 9,217 12,351

Federal agency debt securities 828 + 37 - 133 859

Note: Components may not sum to totals because of rounding.

1. Face value of the securities. Includes U.S. Treasury STRIPS and other zero-coupon bonds at face value and mortgage-backed securities at original

face value.

2. Includes debt and mortgage-backed securities.

3. Fully collateralized by U.S. Treasury securities.

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, March 16, 2011

Millions of dollars

Within 15

days

16 days to

90 days

91 days to

1 year

Over 1 year

to 5 years

Over 5 years

to 10 years

Over 10

years

Remaining maturity All

Other loans1 9 4 0 19,936 0 ... 19,949

U.S. Treasury securities2

Holdings 17,418 24,677 67,799 534,520 460,397 175,576 1,280,386

Weekly changes + 1,413 - 1,409 + 10,227 - 4,182 + 8,239 + 30 + 14,317

Federal agency debt securities3

Holdings 7,499 13,402 20,101 69,735 26,910 2,347 139,994

Weekly changes - 3,255 0 + 811 + 1,250 - 2,061 0 - 3,255

Mortgage-backed securities4

Holdings 0 0 0 21 24 944,059 944,103

Weekly changes 0 0 0 0 0 - 4,828 - 4,829

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 62,287 0 ... ... ... ... 62,287

Term deposits 0 0 0 ... ... ... 0

Note: Components may not sum to totals because of rounding.

. . . Not applicable.

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden

Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY’s statement of condition consistent with consolidation

under generally accepted accounting principles.

2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the

original face value of such securities.

3. Face value.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the

underlying mortgages.

5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.

6. Cash value of agreements.

7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to

the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign

central bank.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities Purchase Program

Millions of dollars

Wednesday

Mar 16, 2011 Account name

Mortgage-backed securities held outright1 944,103

Commitments to buy mortgage-backed securities2 0

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 0

1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the

underlying mortgages.

2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls, and coupon swaps.

3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8 and table 9.

4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Wednesday

Mar 16, 2011 Account name

Net portfolio holdings of Maiden Lane LLC1 25,557

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 23,470

Accrued interest payable to the Federal Reserve Bank of New York2 656

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 1,329

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2010. Any assets purchased after

this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with

consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in

table 8 and table 9.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3)

of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets

through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from

the proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest

due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the

FRBNY.

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Wednesday

Mar 16, 2011 Account name

Net portfolio holdings of Maiden Lane II LLC1 15,896

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

Accrued interest payable to the Federal Reserve Bank of New York2 485

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

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2010. Any assets purchased after

this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with

consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American

International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are

included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority

of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the

U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II

LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane II LLC, principal due to

the FRBNY, interest due to the FRBNY, and deferred payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the

FRBNY and AIG subsidiaries.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday

Mar 16, 2011 Account name

Net portfolio holdings of Maiden Lane III LLC1 22,913

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 12,346

Accrued interest payable to the Federal Reserve Bank of New York2 580

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 5,402

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2010. Any assets purchased after

this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with

consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in

table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority

of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations

(CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In

connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane

III LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due

to the FRBNY, interest due to the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and

AIG.

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Wednesday

Mar 16, 2011 Account name

Asset-backed securities holdings1 0

Other investments, net 703

Net portfolio holdings of TALF LLC 703

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 0

Accrued interest payable to the Federal Reserve Bank of New York2 0

Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable3 107

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

market on the measurement date.

2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with consolidation

under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8

and table 9.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF) under the authority

of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New York (FRBNY) extends loans with a term

of up to five years to holders of eligible asset-backed securities. The TALF is intended to assist financial markets in accommodating the credit needs of

consumers and businesses by facilitating the issuance of asset-backed securities collateralized by a variety of consumer and business loans. The loans

provided through the TALF to eligible borrowers are non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the

collateral to the FRBNY. The loans are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears

the initial risk of a decline in the value of the security.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the

decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed securities received by the FRBNY in

conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Losses on asset-backed securities held by TALF LLC will

be offset in the following order: by the commitment fees collected by TALF LLC, by the interest received on investments of TALF LLC, by up to $4.3 billion

in subordinated debt funding provided by the U.S. Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the

proceeds of its net portfolio holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the

U.S. Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the U.S. Treasury.
H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Eliminations from

consolidation

Wednesday

Mar 16, 2011

Change since

Wednesday

 Mar 9, 2011

Wednesday

Mar 17, 2010

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,207 - 21 + 93

Securities, repurchase agreements, term auction

credit, and other loans 2,384,432 + 6,006 + 285,361

Securities held outright1 2,364,483 + 6,233 + 353,927

U.S. Treasury securities 1,280,386 + 14,317 + 503,757

Bills2 18,423 0 0

Notes and bonds, nominal2 1,199,490 + 14,250 + 490,618

Notes and bonds, inflation-indexed2 55,857 0 + 12,080

Inflation compensation3 6,616 + 67 + 1,059

Federal agency debt securities2 139,994 - 3,255 - 27,494

Mortgage-backed securities4 944,103 - 4,829 - 122,337

Repurchase agreements5 0 0 0

Term auction credit 0 0 - 3,410

Other loans 19,949 - 227 - 65,156

Net portfolio holdings of Commercial Paper

Funding Facility LLC6 0 0 - 7,764

Net portfolio holdings of Maiden Lane LLC7 25,557 - 522 - 1,729

Net portfolio holdings of Maiden Lane II LLC8 15,896 + 5 + 558

Net portfolio holdings of Maiden Lane III LLC9 22,913 - 64 + 778

Net portfolio holdings of TALF LLC10 703 0 + 331

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC11 0 0 - 25,106

Items in process of collection (98) 189 + 9 - 154

Bank premises 2,217 + 3 - 22

Central bank liquidity swaps12 0 0 0

Other assets13 116,765 + 559 + 23,391

Total assets (98) 2,587,115 + 5,975 + 275,736

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

8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)

Millions of dollars

Eliminations from

consolidation

Wednesday

Mar 16, 2011

Change since

Wednesday

 Mar 9, 2011

Wednesday

Mar 17, 2010

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 961,867 + 1,912 + 68,602

Reverse repurchase agreements14 62,287 + 6,340 + 6,591

Deposits (0) 1,488,664 - 1,972 + 195,099

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

Other deposits held by depository institutions 1,336,621 - 44,722 + 218,531

U.S. Treasury, general account 101,471 + 72,800 + 4,042

U.S. Treasury, supplementary financing account 49,991 - 24,994 - 24,997

Foreign official 123 - 1 - 2,623

Other (0) 458 + 15 + 147

Deferred availability cash items (98) 1,717 - 443 - 619

Other liabilities and accrued dividends15 20,013 + 644 + 7,076

Total liabilities (98) 2,534,549 + 6,482 + 276,750

Capital accounts

Capital paid in 26,283 - 253 + 62

Surplus 26,283 - 253 + 784

Other capital accounts 0 0 - 1,860

Total capital 52,566 - 507 - 1,014

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the

underlying mortgages.

5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

6. Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper

Funding Facility LLC.

7. Refer to table 4 and the note on consolidation accompanying table 9.

8. Refer to table 5 and the note on consolidation accompanying table 9.

9. Refer to table 6 and the note on consolidation accompanying table 9.

10.Refer to table 7 and the note on consolidation accompanying table 9.

11.As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank of New York has been paid in full

for its	preferred interests in AIA Aurora LLC and ALICO Holdings LLC. A portion of the preferred interests was redeemed by AIG with the funds

from AIG asset dispositions that were held as agent by the Federal Reserve.

12.Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to

the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign

central bank.

13.Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to

credit extended by the Federal Reserve Bank of New York (FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

Before the closing of the AIG recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY’s preferred interests in AIA

Aurora LLC and ALICO Holdings LLC.

14.Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

15.Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal

Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and

the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Before the

closing of the AIG recapitalization plan on January 14, 2011, included funds from American International Group, Inc. asset dispositions, held as agent.
H.4.1

9. Statement of Condition of Each Federal Reserve Bank, March 16, 2011Millions of dollars

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

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 369 4,038 404 463 846 1,385 887 324 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 Coin 2,207 51 81 175 162 372 174 342 33 Securities, repurchase agreements,

term auction credit, and otherloans 2,384,432 59,837 984,770 55,218 80,335 269,289 223,746 178,250 60,905 

Securities held outright1 2,364,483 59,837 964,834 55,218 80,335 269,289 223,745 178,250 60,905 

U.S. Treasury securities 1,280,386 32,402 522,465 29,901 43,502 145,822 121,160 96,524 32,980 

Bills2 18,423 466 7,517 430 626 2,098 1,743 1,389 475 Notes and bonds3 1,261,963 31,936 514,948 29,470 42,876 143,724 119,417 95,135 32,506 

Federal agency debt securities2 139,994 3,543 57,125 3,269 4,756 15,944 13,247 10,554 3,606 

Mortgage-backed securities4 944,103 23,892 385,244 22,048 32,077 107,523 89,338 71,172 24,318 

Repurchase agreements5 0 0 0 0 0 0 0 0 0 Term auction credit 0 0 0 0 0 0 0 0 0 Other loans 19,949 0 19,936 0 0 0 1 1 0 

Net portfolio holdings of Commercial

Paper Funding Facility LLC6 0 0 0 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane LLC7 25,557 0 25,557 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane II LLC8 15,896 0 15,896 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane III LLC9 22,913 0 22,913 0 0 0 0 0 0 

Net portfolio holdings of TALF LLC10 703 0 703 0 0 0 0 0 0 

Preferred interests in AIA Aurora LLC

and ALICO Holdings LLC11 0 0 0 0 0 0 0 0 0 

Items in process of collection 287 4 0 45 58 6 29 20 10 Bank premises 2,217 125 257 68 139 238 217 208 136 Central bank liquidity swaps12 0 0 0 0 0 0 0 0 0 Other assets13 116,765 3,227 44,313 4,840 5,045 15,802 10,023 7,419 2,546 Interdistrict settlement account 0 - 6,354 + 231,732 + 50,535 - 15,885 - 66,083 - 62,116 - 41,352 - 22,180 - 

Total assets 2,587,214 57,456 1,332,078 111,494 70,554 220,883 174,112 146,198 41,924 

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

9. Statement of Condition of Each Federal Reserve Bank, March 16, 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 1,116,409 42,905 379,382 46,105 46,410 89,959 140,285 85,435 31,986 

Less: Notes held by F.R. Banks 154,542 4,800 44,059 5,197 7,720 12,009 21,289 12,181 3,963 

Federal Reserve notes, net 961,867 38,106 335,323 40,907 38,690 77,950 118,996 73,253 28,024 

Reverse repurchase agreements14 62,287 1,576 25,417 1,455 2,116 7,094 5,894 4,696 1,604 

Deposits 1,488,664 15,614 941,461 63,683 25,165 123,840 45,348 66,185 11,548 

Term deposits held by depository

institutions 0 0 0 0 0 0 0 0 0 

Other deposits held by depository

institutions 1,336,621 15,611 789,662 63,679 25,162 123,758 45,346 66,150 11,492 

U.S. Treasury, general account 101,471 0 101,471 0 0 0 0 0 0 U.S. Treasury, supplementary

financing account 49,991 0 49,991 0 0 0 0 0 0 

Foreign official 123 1 95 4 3 8 2 1 0 Other 458 2 243 0 1 74 0 34 56 

Deferred availability cash items 1,816 67 0 256 264 84 120 111 64 Interest on Federal Reserve notes due

to U.S. Treasury15 2,176 50 773 336 77 244 174 123 41 

Other liabilities and accrued

dividends16 17,837 209 13,705 239 305 796 570 494 208 

Total liabilities 2,534,647 55,622 1,316,679 106,876 66,618 210,008 171,102 144,862 41,489 Capital

Capital paid in 26,283 917 7,699 2,309 1,968 5,437 1,505 668 218 Surplus 26,283 917 7,699 2,309 1,968 5,437 1,505 668 218 Other capital 0 0 0 0 0 0 0 0 0 

Total liabilities and capital 2,587,214 57,456 1,332,078 111,494 70,554 220,883 174,112 146,198 41,924 

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

9. Statement of Condition of Each Federal Reserve Bank, March 16, 2011 (continued)1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.2. Face value of the securities.3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securitie4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mort5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.6. Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper Funding Facilit7. Refer to table 4 and the note on consolidation below.8. Refer to table 5 and the note on consolidation below.9. Refer to table 6 and the note on consolidation below.10.Refer to table 7 and the note on consolidation below.11.As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank of New York has been paid in full for its preferred inte

Holdings LLC. A portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were held as agent by the Federal Res

12.Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign centr

equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.

13.Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by 

of New York (FRBNY) to eligible	borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on Janudividends on the FRBNY’s preferred interests in AIA Aurora LLC and ALICO Holdings LLC.

14.Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.15.Represents the estimated weekly remittances to U.S Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank’s net earnings 

to capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this Federal Reserve Bank’s earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance which requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of and the amount necessary to equate surplus with capital paid-in.

16.Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New Y

recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below. Before the closing of the AIG recapitincluded funds from American International Group, Inc. asset dispositions, held as agent.

Note on consolidation:The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Resewas extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contractwas extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan FacilitThe FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily respoTALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNcondition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCsin this table (and table 1 and table 8).
H.4.1

10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents’ Accounts

Millions of dollars

Wednesday

Mar 16, 2011 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,116,409

Less: Notes held by F.R. Banks not subject to collateralization 154,542

Federal Reserve notes to be collateralized 961,867

Collateral held against Federal Reserve notes 961,867

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 945,630

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,364,483

Less: Face value of securities under reverse repurchase agreements 49,650

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,314,833

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.