FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks April 15, 2010

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

Apr 14, 2010 Week ended

Apr 14, 2010

Change from week ended

 Apr 7, 2010 Apr 15, 2009

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,297,754 + 7,953 + 199,028 2,321,711

Securities held outright1 2,023,898 + 9,491 +1,164,358 2,047,487

U.S. Treasury securities 776,709 + 2 + 262,144 776,711

Bills2 18,423 0 0 18,423

Notes and bonds, nominal2 708,872 0 + 256,280 708,872

Notes and bonds, inflation-indexed2 43,777 0 + 4,386 43,777

Inflation compensation3 5,638 + 3 + 1,480 5,639

Federal agency debt securities2 168,915 - 73 + 111,155 168,903

Mortgage-backed securities4 1,078,273 + 9,560 + 791,058 1,101,874

Repurchase agreements5 0 0 0 0

Term auction credit 0 - 3,410 - 455,800 0

Other loans 80,063 - 351 - 34,356 79,325

Primary credit 6,770 - 435 - 41,720 6,357

Secondary credit 600 0 + 533 600

Seasonal credit 21 + 10 + 19 24

Primary dealer and other broker-dealer credit6 0 0 - 12,886 0

Asset-Backed Commercial Paper Money Market

Mutual Fund Liquidity Facility 0 0 - 2,695 0

Credit extended to American International

Group, Inc., net7 25,538 + 126 - 19,568 25,299

Term Asset-Backed Securities Loan Facility8 47,133 - 53 + 41,959 47,044

Other credit extensions 0 0 0 0

Net portfolio holdings of Commercial Paper

Funding Facility LLC9 7,800 + 11 - 242,448 7,809

Net portfolio holdings of Maiden Lane LLC10 27,432 + 61 + 1,028 27,522

Net portfolio holdings of Maiden Lane II LLC11 15,191 - 153 - 3,037 15,191

Net portfolio holdings of Maiden Lane III LLC12 21,930 - 137 - 5,429 22,036

Net portfolio holdings of TALF LLC13 404 0 + 404 404

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC14 25,416 0 + 25,416 25,416

Float -1,791 + 297 + 348 -2,249

Central bank liquidity swaps15 0 0 - 293,533 0

Other Federal Reserve assets16 97,413 + 2,146 + 42,078 98,770

Gold stock 11,041 0 0 11,041

Special drawing rights certificate account 5,200 0 + 3,000 5,200

Treasury currency outstanding17 42,867 + 14 + 555 42,867

Total factors supplying reserve funds 2,356,862 + 7,967 + 202,583 2,380,819

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

Apr 14, 2010 Week ended

Apr 14, 2010

Change from week ended

 Apr 7, 2010 Apr 15, 2009

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation17 935,455 + 30 + 30,632 936,020

Reverse repurchase agreements18 54,680 - 705 - 16,699 55,226

Foreign official and international accounts 54,680 - 705 - 16,699 55,226

Dealers 0 0 0 0

Treasury cash holdings 208 - 12 - 115 234

Deposits with F.R. Banks, other than reserve balances 204,137 + 22,762 - 79,625 258,842

U.S. Treasury, general account 11,666 - 7,425 - 30,200 9,478

U.S. Treasury, supplementary financing account 174,967 + 24,994 - 24,962 174,967

Foreign official 3,217 + 190 + 743 2,646

Service-related 2,707 - 9 - 1,698 2,707

Required clearing balances 2,707 - 9 - 1,661 2,707

Adjustments to compensate for float 0 0 - 37 0

Other 11,580 + 5,012 - 23,508 69,044

Other liabilities and capital19 68,209 + 2,475 + 12,100 69,513

Total factors, other than reserve balances,

absorbing reserve funds 1,262,689 + 24,549 - 53,706 1,319,834

Reserve balances with Federal Reserve Banks 1,094,173 - 16,582 + 256,290 1,060,985

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 credit extended through the Primary Dealer Credit Facility and credit extended to certain other broker-dealers.

7. Includes outstanding principal and capitalized interest net of unamortized deferred commitment fees and allowance for loan restructuring.

Excludes credit extended to consolidated LLCs.

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

9. Refer to table 7 and the note on consolidation accompanying table 11.

10.Refer to table 4 and the note on consolidation accompanying table 11.

11.Refer to table 5 and the note on consolidation accompanying table 11.

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

13.Refer to table 8 and the note on consolidation accompanying table 11.

14.Refer to table 9.

15.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.

16.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.

17.Estimated.

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

19.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.
H.4.1

1A. Memorandum Items

Millions of dollars

Averages of daily figures Wednesday

Apr 14, 2010 Week ended

Apr 14, 2010

Change from week ended

 Apr 7, 2010 Apr 15, 2009

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,034,407 + 9,868 + 393,370 3,039,276

U.S. Treasury securities 2,251,042 + 6,354 + 418,644 2,254,640

Federal agency securities2 783,365 + 3,514 - 25,275 784,636

Securities lent to dealers 6,529 + 653 - 50,637 5,703

Overnight facility3 6,529 + 653 + 3,613 5,703

U.S. Treasury securities 5,329 + 749 + 2,413 4,484

Federal agency debt securities 1,200 - 95 + 1,200 1,219

Term facility4 0 0 - 54,250 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 Term Auction Credit, Other Loans, and Securities, April 14, 2010

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

Term auction credit 0 0 ... ... ... ... 0

Other loans1 6,966 15 0 72,344 0 ... 79,325

U.S. Treasury securities2

Holdings 18,487 21,564 45,336 331,964 215,415 143,944 776,711

Weekly changes - 3,520 + 3,520 0 + 1 0 + 1 + 3

Federal agency debt securities3

Holdings 0 6,792 31,223 94,993 33,548 2,347 168,903

Weekly changes - 85 + 2,651 - 1,044 - 625 - 982 0 - 85

Mortgage-backed securities4

Holdings 0 0 0 34 21 1,101,820 1,101,874

Weekly changes 0 0 0 0 0 + 33,138 + 33,138

Commercial paper held by

Commercial Paper Funding

Facility LLC5 2,966 0 0 ... ... ... 2,966

Asset-backed securities held by

TALF LLC6 0 0 0 0 0 0 0

Repurchase agreements7 0 0 ... ... ... ... 0

Reverse repurchase agreements7 55,226 0 ... ... ... ... 55,226

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.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities Purchase Program

Millions of dollars

Wednesday

Apr 14, 2010 Account name

Mortgage-backed securities held outright1 1,101,874

Commitments to buy mortgage-backed securities2 71,280

Commitments to sell mortgage-backed securities2 718

Cash and cash equivalents3 568

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

Apr 14, 2010 Account name

Net portfolio holdings of Maiden Lane LLC1 27,522

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 28,820

Accrued interest payable to the Federal Reserve Bank of New York2 466

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 1,266

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, 2009. 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

Apr 14, 2010 Account name

Net portfolio holdings of Maiden Lane II LLC1 15,191

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 14,756

Accrued interest payable to the Federal Reserve Bank of New York2 320

Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3 1,046

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, 2009. 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.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday

Apr 14, 2010 Account name

Net portfolio holdings of Maiden Lane III LLC1 22,036

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 16,583

Accrued interest payable to the Federal Reserve Bank of New York2 403

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 5,241

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, 2009. 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

Apr 14, 2010 Account name

Commercial paper holdings, net1 2,938

Other investments, net 4,871

Net portfolio holdings of Commercial Paper Funding Facility LLC 7,809

Memorandum: Commercial paper holdings, face value 2,966

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 2,942

Accrued interest payable to the Federal Reserve Bank of New York2 2

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.
H.4.1

8. Information on Principal Accounts of TALF LLC

Millions of dollars

Wednesday

Apr 14, 2010 Account name

Asset-backed securities holdings1 0

Other investments, net 404

Net portfolio holdings of TALF LLC 404

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 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

Apr 14, 2010 Account name

Preferred interests in AIA Aurora LLC and ALICO Holdings LLC1 25,416

Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC2 49

Preferred interests in AIA Aurora LLC1 16,266

Accrued dividends on preferred interests in AIA Aurora LLC2 31

Preferred interests in ALICO Holdings LLC1 9,150

Accrued dividends on preferred interests in ALICO Holdings LLC2 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.
H.4.1

10. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Eliminations from

consolidation

Wednesday

Apr 14, 2010

Change since

Wednesday

 Apr 7, 2010

Wednesday

Apr 15, 2009

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 + 3,000

Coin 2,067 0 + 229

Securities, repurchase agreements, term auction

credit, and other loans 2,126,812 + 28,654 + 616,630

Securities held outright1 2,047,487 + 33,055 +1,104,306

U.S. Treasury securities 776,711 + 3 + 250,608

Bills2 18,423 0 0

Notes and bonds, nominal2 708,872 0 + 244,840

Notes and bonds, inflation-indexed2 43,777 0 + 4,304

Inflation compensation3 5,639 + 3 + 1,463

Federal agency debt securities2 168,903 - 85 + 107,462

Mortgage-backed securities4 1,101,874 + 33,138 + 746,237

Repurchase agreements5 0 0 0

Term auction credit 0 - 3,410 - 455,799

Other loans 79,325 - 991 - 31,877

Net portfolio holdings of Commercial Paper

Funding Facility LLC6 7,809 + 12 - 230,630

Net portfolio holdings of Maiden Lane LLC7 27,522 + 105 + 1,083

Net portfolio holdings of Maiden Lane II LLC8 15,191 0 - 3,043

Net portfolio holdings of Maiden Lane III LLC9 22,036 + 123 - 5,376

Net portfolio holdings of TALF LLC10 404 0 + 404

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC11 25,416 0 + 25,416

Items in process of collection (63) 184 - 36 - 655

Bank premises 2,239 + 2 + 52

Central bank liquidity swaps12 0 0 - 293,533

Other assets13 96,820 + 2,924 + 41,204

Total assets (63) 2,342,737 + 31,784 + 154,780

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

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

Millions of dollars

Eliminations from

consolidation

Wednesday

Apr 14, 2010

Change since

Wednesday

 Apr 7, 2010

Wednesday

Apr 15, 2009

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 895,450 - 845 + 30,224

Reverse repurchase agreements14 55,226 - 865 - 15,401

Deposits (0) 1,320,115 + 29,979 + 127,476

Depository institutions 1,063,980 - 50,308 + 169,076

U.S. Treasury, general account 9,478 - 10,961 - 85,031

U.S. Treasury, supplementary financing account 174,967 + 24,994 - 24,962

Foreign official 2,646 - 2,429 - 129

Other (0) 69,044 + 68,684 + 68,523

Deferred availability cash items (63) 2,433 - 33 - 1,003

Other liabilities and accrued dividends15 15,173 + 2,244 + 4,874

Total liabilities (63) 2,288,397 + 30,480 + 146,171

Capital accounts

Capital paid in 26,223 - 35 + 3,622

Surplus 25,556 + 217 + 4,383

Other capital accounts 2,562 + 1,124 + 605

Total capital 54,340 + 1,305 + 8,609

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.
H.4.1

11. Statement of Condition of Each Federal Reserve Bank, April 14, 2010Millions of dollars

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

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 412 3,895 450 467 882 1,356 911 329 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 Coin 2,067 76 77 163 150 309 188 326 25 Securities, repurchase agreements,

term auction credit, and otherloans 2,126,812 39,282 879,456 31,783 80,892 73,786 246,722 221,585 80,231 

Securities held outright1 2,047,487 39,277 800,312 31,765 80,892 73,785 246,694 221,560 80,213 

U.S. Treasury securities 776,711 14,900 303,597 12,050 30,686 27,990 93,583 84,048 30,429 

Bills2 18,423 353 7,201 286 728 664 2,220 1,994 722 Notes and bonds3 758,288 14,546 296,396 11,764 29,958 27,326 91,363 82,055 29,707 

Federal agency debt securities2 168,903 3,240 66,020 2,620 6,673 6,087 20,350 18,277 6,617 

Mortgage-backed securities4 1,101,874 21,137 430,695 17,095 43,533 39,708 132,761 119,235 43,167 

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 79,325 5 79,144 18 0 1 28 25 19 

Net portfolio holdings of Commercial

Paper Funding Facility LLC6 7,809 0 7,809 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane LLC7 27,522 0 27,522 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane II LLC8 15,191 0 15,191 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane III LLC9 22,036 0 22,036 0 0 0 0 0 0 

Net portfolio holdings of TALF LLC10 404 0 404 0 0 0 0 0 0 

Preferred interests in AIA Aurora LLC

and ALICO Holdings LLC11 25,416 0 25,416 0 0 0 0 0 0 

Items in process of collection 247 13 0 18 69 8 17 18 4 Bank premises 2,239 123 260 70 143 238 220 209 136 Central bank liquidity swaps12 0 0 0 0 0 0 0 0 0 Other assets13 96,820 2,316 35,565 3,849 4,666 9,635 10,123 8,260 3,038 Interdistrict settlement account 0 + 7,044 + 91,212 + 37,928 - 23,989 + 221,362 - 100,831 - 106,212 - 41,585 + 

Total assets 2,342,800 49,461 1,110,661 74,472 62,635 306,633 158,448 125,521 42,329 

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

11. Statement of Condition of Each Federal Reserve Bank, April 14, 2010 (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 1,076,356 34,957 389,443 38,291 44,486 84,450 136,085 86,728 32,325 

Less: Notes held by F.R. Banks 180,906 4,130 59,464 5,635 8,329 11,004 32,256 11,573 4,097 

Federal Reserve notes, net 895,450 30,827 329,979 32,656 36,157 73,446 103,829 75,155 28,228 

Reverse repurchase agreements14 55,226 1,059 21,586 857 2,182 1,990 6,654 5,976 2,164 

Deposits 1,320,115 15,384 733,201 34,883 19,414 218,083 43,575 42,019 11,018 

Depository institutions 1,063,980 15,382 477,235 34,879 19,410 217,944 43,573 42,012 11,015 U.S. Treasury, general account 9,478 0 9,478 0 0 0 0 0 0 U.S. Treasury, supplementary

financing account 174,967 0 174,967 0 0 0 0 0 0 

Foreign official 2,646 1 2,618 4 3 11 2 1 0 Other 69,044 1 68,903 0 1 127 0 6 2 

Deferred availability cash items 2,496 64 0 215 609 85 148 159 58 Other liabilities and accrued

dividends15 15,173 224 9,913 253 376 591 888 789 323 

Total liabilities 2,288,460 47,560 1,094,680 68,865 58,738 294,195 155,095 124,098 41,790 Capital

Capital paid in 26,223 913 7,562 2,939 1,902 5,343 1,560 613 239 Surplus 25,556 945 7,536 2,668 1,910 7,095 1,581 620 240 Other capital 2,562 43 884 0 84 0 212 190 60 

Total liabilities and capital 2,342,800 49,461 1,110,661 74,472 62,635 306,633 158,448 125,521 42,329 

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

11. Statement of Condition of Each Federal Reserve Bank, April 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 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. 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 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, accrued dividends on the Federal Reserve Bank o

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 thLoan 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 

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 belo

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 October 27, 2008, the FRBNY began extending loans to Comwas formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers. On November 25, 2008, a loan was extended to Maiden Lamulti-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 sole beneficiary of Commercial Paper Funding Facility LLC. The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiarieU.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 amajority 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 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 tcredit 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 liabilitiethe 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).
H.4.1

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

Millions of dollars

Wednesday

Apr 14, 2010 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,076,356

Less: Notes held by F.R. Banks not subject to collateralization 180,906

Federal Reserve notes to be collateralized 895,450

Collateral held against Federal Reserve notes 895,450

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 879,213

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,047,487

Less: Face value of securities under reverse repurchase agreements 54,844

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,992,643

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.