FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                                July 15, 2010
 
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   Jul 14, 2010
Federal Reserve Banks                                     Jul 14, 2010  Jul 7, 2010 Jul 15, 2009
 
Reserve Bank credit                                        2,315,940   +    1,333   +  304,143    2,323,570
  Securities held outright (1)                             2,060,479   +      451   +  794,772    2,067,676
    U.S. Treasury securities                                 777,002   +        8   +   99,840      777,005
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                           712,023            0   +  101,190      712,023
      Notes and bonds, inflation-indexed (2)                  41,125            0   -    1,698       41,125
      Inflation compensation (3)                               5,431   +        8   +      348        5,434
    Federal agency debt securities (2)                       163,626   -    1,136   +   64,138      162,111
    Mortgage-backed securities (4)                         1,119,851   +    1,579   +  630,794    1,128,560
  Repurchase agreements (5)                                        0            0            0            0
  Term auction credit                                              0            0   -  273,691            0
  Other loans                                                 66,775   -      257   -   45,118       66,571
    Primary credit                                                86   +       45   -   34,371          150
    Secondary credit                                               0   -        1            0            0
    Seasonal credit                                               72   +        3   -        2           83
    Asset-Backed Commercial Paper Money Market
       Mutual Fund Liquidity Facility                              0            0   -    7,998            0
    Credit extended to American International
       Group, Inc., net (6)                                   24,512   -       58   -   18,514       24,674
    Term Asset-Backed Securities Loan Facility (7)            42,105   -      247   +   15,767       41,665
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (8)                                      1            0   -  112,359            1
  Net portfolio holdings of Maiden Lane LLC (9)               28,531   +       29   +    2,573       28,562
  Net portfolio holdings of Maiden Lane II LLC (10)           15,545   -      187   -      199       15,549
  Net portfolio holdings of Maiden Lane III LLC (11)          22,931   -      237   +    4,147       22,967
  Net portfolio holdings of TALF LLC (12)                        506            0   +      506          506
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (13)                                        25,733            0   +   25,733       25,733
  Float                                                       -1,833   +      141   +      281       -2,001
  Central bank liquidity swaps (14)                            1,245            0   -  110,533        1,245
  Other Federal Reserve assets (15)                           96,027   +    1,393   +   18,032       96,761
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0   +    3,000        5,200
Treasury currency outstanding (16)                            43,196   +       14   +      727       43,196

Total factors supplying reserve funds                      2,375,377   +    1,347   +  307,869    2,383,007
 
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   Jul 14, 2010
Federal Reserve Banks                                     Jul 14, 2010  Jul 7, 2010 Jul 15, 2009
 
Currency in circulation (16)                                 945,837   -    1,962   +   35,360      945,506
Reverse repurchase agreements (17)                            62,836   -    2,410   -    5,924       62,265
  Foreign official and international accounts                 62,836   -    2,410   -    5,924       62,265
  Dealers                                                          0            0            0            0
Treasury cash holdings                                           246   +       11   -      102          246
Deposits with F.R. Banks, other than reserve balances        235,324   -    6,278   -   14,603      232,478
  Term deposits held by depository institutions                2,122            0   +    2,122        2,122
  U.S. Treasury, general account                              18,262   -    7,722   -    8,169        7,866
  U.S. Treasury, supplementary financing account             199,962   -        1   +       23      199,962
  Foreign official                                             1,487   -      131   -    1,474        1,254
  Service-related                                              2,472            0   -    1,716        2,472
    Required clearing balances                                 2,472            0   -    1,716        2,472
    Adjustments to compensate for float                            0            0            0            0
  Other                                                       11,020   +    1,578   -    5,389       18,802
Other liabilities and capital (18)                            72,607   +      489   +   16,401       73,715

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,316,850   -   10,150   +   31,132    1,314,210

Reserve balances with Federal Reserve Banks                1,058,528   +   11,497   +  276,738    1,068,798
 
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight and term securities lending facilities; 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. Includes outstanding principal and capitalized interest net of unamortized deferred commitment fees and
   allowance for loan restructuring. Excludes credit extended to consolidated LLCs.
7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term
   Asset-Backed Securities Loan Facility.
8. Refer to table 7 and the note on consolidation accompanying table 11.
9.  Refer to table 4 and the note on consolidation accompanying table 11.
10. Refer to table 5 and the note on consolidation accompanying table 11.
11. Refer to table 6 and the note on consolidation accompanying table 11.
12. Refer to table 8 and the note on consolidation accompanying table 11.
13. Refer to table 9.
14. 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.
15. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange
    rates, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests in AIA
    Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to
    eligible borrowers through the Term Asset-Backed Securities Loan Facility.
16. Estimated.
17. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt
    securities.
18. Includes the liabilities of Commercial Paper Funding Facility LLC, 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 8 and the note on consolidation accompanying table 11.

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   Jul 14, 2010
Memorandum item                                           Jul 14, 2010  Jul 7, 2010 Jul 15, 2009
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,113,710   +   13,214   +  331,587    3,117,227
  U.S. Treasury securities                                 2,289,735   +   11,779   +  307,947    2,285,362
  Federal agency securities (2)                              823,975   +    1,435   +   23,639      831,865
Securities lent to dealers                                     6,781   -      260   -    7,732        5,790
  Overnight facility (3)                                       6,781   -      260   -    3,482        5,790
    U.S. Treasury securities                                   5,084   -       41   -    5,025        4,312
    Federal agency debt securities                             1,696   -      220   +    1,542        1,478
  Term facility (4)                                                0            0   -    4,250            0
 
Note: Components may not sum to totals because of rounding.

1. Face value of the securities. Includes U.S. Treasury STRIPS, other zero-coupon bonds, and mortgage-backed
   securities at face value.
2. Includes debt and mortgage-backed securities.
3. Fully collateralized by U.S. Treasury securities.
4. U.S. Treasury securities only. Fully collateralized by U.S. Treasury securities, federal agency
   securities, and other highly rated debt securities.

 
2. Maturity Distribution of Securities, Loans, and  Selected Other Assets and Liabilities,      July 14, 2010
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    
 
Other loans (1)                              163           70            0       66,339            0           ...       66,571
U.S. Treasury securities (2)
  Holdings                                14,664       18,280       52,950      332,287      214,982       143,841      777,005
  Weekly changes                      +    2,156   -    2,157            0   +      234   -      231    +        4   +        8
Federal agency debt securities (3)
  Holdings                                 2,730        7,199       37,112       79,175       33,548         2,347      162,111
  Weekly changes                      -    2,651   +    1,923   -    1,923            0            0             0   -    2,651
Mortgage-backed securities (4)
  Holdings                                     0            0            0           31           20     1,128,509    1,128,560
  Weekly changes                               0            0            0            0            0    +   10,270   +   10,270
Commercial paper held by
   Commercial Paper Funding
   Facility LLC (5)                            0            0            0          ...          ...           ...            0
Asset-backed securities held by
   TALF LLC (6)                                0            0            0            0            0             0            0
Repurchase agreements (7)                      0            0          ...          ...          ...           ...            0
Central bank liquidity swaps (8)               0        1,245            0            0            0             0        1,245

Reverse repurchase agreements (7)         62,265            0          ...          ...          ...           ...       62,265
Term deposits                              2,122            0            0          ...          ...           ...        2,122
 
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 Commercial Paper Funding Facility LLC, 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 commercial paper held by Commercial Paper Funding Facility LLC.
6. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.
7. Cash value of agreements.
8. 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                                                                                                           Jul 14, 2010 
 
Mortgage-backed securities held outright (1)                                                                           1,128,560

Commitments to buy mortgage-backed securities (2)                                                                          5,177
Commitments to sell mortgage-backed securities (2)                                                                             0

Cash and cash equivalents (3)                                                                                                 61
 
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 as well as
   dollar rolls.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 10 and table 11.

 
4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Jul 14, 2010 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                             28,562

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 28,820
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         520
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,283
 
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, 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 11.
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 10 and table 11.

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                                                                                                           Jul 14, 2010 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                          15,549

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 14,089
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         368
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                    1,055
 
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, 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 11.
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
   10 and table 11.

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                                                                                                           Jul 14, 2010 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         22,967

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 15,469
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         456
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,284
 
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, 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 11.
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 10 and table 11.

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 Commercial Paper Funding Facility LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Jul 14, 2010 
 
Commercial paper holdings, net (1)                                                                                             0
Other investments, net                                                                                                         1
Net portfolio holdings of Commercial Paper Funding Facility LLC                                                                1

Memorandum: Commercial paper holdings, face value                                                                              0

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
 
1. Book value, which includes amortized cost and related fees.
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 11.

Note: On October 27, 2008, the Federal Reserve Bank of New York began extending loans under the authority of section 13(3) of the
Federal Reserve Act to Commercial Paper Funding Facility LLC. This LLC is a limited liability company formed to purchase three-month
U.S. dollar-denominated commercial paper from eligible issuers and thereby foster liquidity in short-term funding markets and
increase the availability of credit for businesses and households.

 
8. Information on Principal Accounts of TALF LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Jul 14, 2010 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       506
Net portfolio holdings of TALF LLC                                                                                           506

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)                                        104
 
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 11.
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 10 and table 11.

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 $20 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.

 
9. Supplemental Information on the Federal Reserve Bank of New York's Preferred Interests in
AIA Aurora LLC and ALICO Holdings LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Jul 14, 2010 
 
Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (1)                                                          25,733
Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC (2)                                         49

Preferred interests in AIA Aurora LLC (1)                                                                                 16,469
Accrued dividends on preferred interests in AIA Aurora LLC (2)                                                                32

Preferred interests in ALICO Holdings LLC (1)                                                                              9,264
Accrued dividends on preferred interests in ALICO Holdings LLC (2)                                                            18
 
Note: Components may not sum to totals because of rounding.

1. Book value.
2. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 10 and table 11.

Note on preferred interests:

In conjunction with the restructuring of the government's assistance to American International Group, Inc. (AIG) announced March 2,
2009, the outstanding balance and amount available of revolving credit provided to AIG by the FRBNY has been reduced in exchange for
preferred interests in two special purpose vehicles, AIA Aurora LLC and ALICO Holdings LLC. These two limited liability companies
were created to directly or indirectly hold all of the outstanding common stock of American International Assurance Company Ltd.
(AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG. AIG will retain control of AIA Aurora LLC
and ALICO Holdings LLC, and the FRBNY will have certain consent, disposition, and conversion rights with respect to its preferred
interests.

Dividends accrue as a percentage of the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. On a quarterly basis,
the accrued dividends are capitalized and added to the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC.

 
10. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation   Jul 14, 2010   Wednesday    Wednesday  
Assets, liabilities, and capital                                                       Jul 7, 2010 Jul 15, 2009
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0   +    3,000
  Coin                                                                       1,988    +       30   +      196
  Securities, repurchase agreements, term auction
     credit, and other loans                                             2,134,247    +    7,272   +  435,120
    Securities held outright (1)                                         2,067,676    +    7,627   +  755,526
      U.S. Treasury securities                                             777,005    +        8   +   92,975
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                       712,023             0   +   94,448
        Notes and bonds, inflation-indexed (2)                              41,125             0   -    1,814
        Inflation compensation (3)                                           5,434    +        8   +      339
      Federal agency debt securities (2)                                   162,111    -    2,651   +   60,410
      Mortgage-backed securities (4)                                     1,128,560    +   10,270   +  602,142
    Repurchase agreements (5)                                                    0             0            0
    Term auction credit                                                          0             0   -  273,691
    Other loans                                                             66,571    -      354   -   46,715
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (6)                                                    1             0   -  111,052
  Net portfolio holdings of Maiden Lane LLC (7)                             28,562    +       36   +    2,584
  Net portfolio holdings of Maiden Lane II LLC (8)                          15,549    +        4   -      205
  Net portfolio holdings of Maiden Lane III LLC (9)                         22,967    +       42   +    4,153
  Net portfolio holdings of TALF LLC (10)                                      506             0   +      506
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (11)                                                      25,733             0   +   25,733
  Items in process of collection                             (51)              356    -      310   -      100
  Bank premises                                                              2,231    +        1   +       30
  Central bank liquidity swaps (12)                                          1,245             0   -  110,396
  Other assets (13)                                                         94,523    +    1,612   +   19,754

Total assets                                                 (51)        2,344,145    +    8,688   +  269,323
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
10. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation   Jul 14, 2010   Wednesday    Wednesday  
Assets, liabilities, and capital                                                       Jul 7, 2010 Jul 15, 2009
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                         904,540    -    3,158   +   34,213
  Reverse repurchase agreements (14)                                        62,265    -      639   -    4,077
  Deposits                                                    (0)        1,301,268    +   11,351   +  222,078
    Term deposits held by depository institutions                            2,122             0   +    2,122
    Other deposits held by depository institutions                       1,071,263    +   12,146   +  262,439
    U.S. Treasury, general account                                           7,866    -    8,609   -   57,368
    U.S. Treasury, supplementary financing account                         199,962    -        1   +       23
    Foreign official                                                         1,254    -      392   -      711
    Other                                                     (0)           18,802    +    8,209   +   15,573
  Deferred availability cash items                           (51)            2,356    -    1,070   -      530
  Other liabilities and accrued dividends (15)                              17,033    +    2,455   +   10,429

Total liabilities                                            (51)        2,287,463    +    8,940   +  262,115

Capital accounts
  Capital paid in                                                           26,661    +        1   +    2,149
  Surplus                                                                   25,810    +        6   +    4,529
  Other capital accounts                                                     4,211    -      259   +      530

Total capital                                                               56,682    -      252   +    7,208
 
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight and term securities lending facilities; 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. Refer to table 7 and the note on consolidation accompanying table 11.
7. Refer to table 4 and the note on consolidation accompanying table 11.
8. Refer to table 5 and the note on consolidation accompanying table 11.
9.  Refer to table 6 and the note on consolidation accompanying table 11.
10. Refer to table 8 and the note on consolidation accompanying table 11.
11. Refer to table 9.
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,
    accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests in AIA Aurora LLC
    and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers
    through the Term Asset-Backed Securities Loan Facility.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt
    securities.
15. Includes the liabilities of Commercial Paper Funding Facility LLC, 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
    8 and the note on consolidation accompanying table 11.


 
11. Statement of Condition of Each Federal Reserve Bank,      July 14, 2010
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         369       4,038         404         463         846       1,385         887         324         203         296         652       1,170
  Special drawing rights certificate acct.       5,200         196       1,818         210         237         412         654         424         150          90         153         282         574
  Coin                                           1,988          65          69         157         144         291         185         311          24          59         145         201         338
  Securities, repurchase agreements,
     term auction credit, and other
     loans                                   2,134,247      52,326     910,060      48,288      70,251     235,492     195,668     155,886      53,418      28,338      70,931      86,835     226,754
    Securities held outright (1)             2,067,676      52,326     843,721      48,286      70,251     235,486     195,659     155,875      53,260      28,306      70,930      86,823     226,754
      U.S. Treasury securities                 777,005      19,663     317,059      18,145      26,399      88,492      73,526      58,576      20,014      10,637      26,654      32,627      85,211
        Bills (2)                               18,423         466       7,517         430         626       2,098       1,743       1,389         475         252         632         774       2,020
        Notes and bonds (3)                    758,582      19,197     309,542      17,715      25,773      86,394      71,783      57,187      19,540      10,385      26,022      31,853      83,191
      Federal agency debt securities (2)       162,111       4,102      66,150       3,786       5,508      18,463      15,340      12,221       4,176       2,219       5,561       6,807      17,778
      Mortgage-backed securities (4)         1,128,560      28,560     460,512      26,355      38,344     128,531     106,793      85,078      29,070      15,450      38,714      47,389     123,765
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Term auction credit                              0           0           0           0           0           0           0           0           0           0           0           0           0
    Other loans                                 66,571           0      66,339           2           0           6           9          12         158          31           1          12           0
  Net portfolio holdings of Commercial
     Paper Funding Facility LLC (6)                  1           0           1           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane LLC (7)                               28,562           0      28,562           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (8)                            15,549           0      15,549           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (9)                           22,967           0      22,967           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (10)          506           0         506           0           0           0           0           0           0           0           0           0           0
  Preferred interests in AIA Aurora LLC
     and ALICO Holdings LLC (11)                25,733           0      25,733           0           0           0           0           0           0           0           0           0           0
  Items in process of collection                   407          18         192          50          73           9          66          69           8          15          10        -161          58
  Bank premises                                  2,231         123         258          70         143         238         219         210         135         109         266         248         212
  Central bank liquidity swaps (12)              1,245          46         361         136          93         347          77          30          12          35          10          17          82
  Other assets (13)                             94,523       2,684      35,813       4,336       4,184      14,771       8,114       5,815       2,045       1,657       2,595       3,278       9,231
  Interdistrict settlement account                   0   -  10,049   + 110,573   +  16,542   -  15,541   +  29,332   -  46,576   -  43,789   -  16,172   +  11,827   -  23,175   -   5,574   -   7,399

Total assets                                 2,344,195      45,778   1,156,500      70,192      60,046     281,738     159,793     119,843      39,945      42,332      51,231      85,779     231,020
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
11. Statement of Condition of Each Federal Reserve Bank,      July 14, 2010 (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          1,110,724      35,800     397,667      41,149      44,677      86,929     140,817      86,298      31,904      19,718      30,173      72,727     122,865
    Less: Notes held by F.R. Banks             206,184       3,970      81,657       5,325       9,689      13,859      28,830      12,216       4,453       4,282       3,267      12,382      26,255
      Federal Reserve notes, net               904,540      31,830     316,011      35,824      34,988      73,070     111,987      74,082      27,451      15,436      26,906      60,345      96,610
  Reverse repurchase agreements (14)            62,265       1,576      25,407       1,454       2,115       7,091       5,892       4,694       1,604         852       2,136       2,615       6,828
  Deposits                                   1,301,268      10,140     787,296      26,782      18,216     187,724      37,711      38,822      10,069      23,758      21,334      21,489     117,927
    Term deposits held by depository
       institutions                              2,122          24         931           0          13          52          28          19          56           6           6          14         973
    Other deposits held by depository
       institutions                          1,071,263      10,108     558,585      26,777      18,199     187,626      37,681      38,773      10,012      23,751      21,327      21,474     116,950
    U.S. Treasury, general account               7,866           0       7,866           0           0           0           0           0           0           0           0           0           0
    U.S. Treasury, supplementary
       financing account                       199,962           0     199,962           0           0           0           0           0           0           0           0           0           0
    Foreign official                             1,254           1       1,226           4           3          11           2           1           0           1           0           1           3
    Other                                       18,802           6      18,727           0           1          34           0          29           1           0           1           0           2
  Deferred availability cash items               2,407          75           0         222         506         102         160         214          65         488          94          94         387
  Other liabilities and accrued
     dividends (15)                             17,033         255      11,823         264         335       1,015         771         635         259         173         286         382         835

Total liabilities                            2,287,513      43,876   1,140,537      64,546      56,160     269,002     156,521     118,447      39,449      40,706      50,757      84,925     222,588

Capital
  Capital paid in                               26,661         916       7,627       2,807       1,918       5,440       1,545         642         217         804         211         396       4,138
  Surplus                                       25,810         945       7,607       2,803       1,911       7,141       1,581         620         239         712         210         353       1,688
  Other capital                                  4,211          41         729          36          57         156         145         134          39         110          54         105       2,606

Total liabilities and capital                2,344,195      45,778   1,156,500      70,192      60,046     281,738     159,793     119,843      39,945      42,332      51,231      85,779     231,020
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

11. Statement of Condition of Each Federal Reserve Bank,      July 14, 2010 (continued)
1. Includes securities lent to dealers under the overnight and term securities lending facilities; 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. Refer to table 7 and the note on consolidation below.
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 8 and the note on consolidation below.
11. Refer to table 9.
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, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests
    in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt securities.
15. Includes the liabilities of Commercial Paper Funding Facility LLC, 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 8 and the note on consolidation below.


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 October 27, 2008, the FRBNY began extending loans to Commercial Paper Funding Facility LLC, which was
formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers. 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 sole beneficiary of Commercial Paper Funding Facility LLC. 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 10), 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 10).

 
12. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
                                                                                            Wednesday   
Federal Reserve notes and collateral                                                       Jul 14, 2010 
 
Federal Reserve notes outstanding                                                          1,110,724
  Less: Notes held by F.R. Banks not subject to collateralization                            206,184
    Federal Reserve notes to be collateralized                                               904,540
Collateral held against Federal Reserve notes                                                904,540
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   888,303
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,067,676
  Less: Face value of securities under reverse repurchase agreements                          60,877
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,006,799
 
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 and term securities lending facilities; refer
   to table 1A.