FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                                July 21, 2011
 
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                         Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended   Change from week ended   Jul 20, 2011
Federal Reserve Banks                                     Jul 20, 2011 Jul 13, 2011 Jul 21, 2010
 
Reserve Bank credit                                        2,854,859   -    4,244   +  539,171    2,855,494
  Securities held outright (1)                             2,651,436   -      794   +  590,202    2,652,311
    U.S. Treasury securities                               1,631,801   +    3,495   +  854,791    1,634,093
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                         1,538,655   +    3,416   +  826,635    1,540,917
      Notes and bonds, inflation-indexed (2)                  65,521            0   +   24,392       65,521
      Inflation compensation (3)                               9,203   +       79   +    3,764        9,232
    Federal agency debt securities (2)                       114,627   -      443   -   45,144      114,036
    Mortgage-backed securities (4)                           905,008   -    3,845   -  219,445      904,182
  Repurchase agreements (5)                                        0            0            0            0
  Loans                                                       12,504   -       14   -   53,401       12,531
    Primary credit                                                 6   -        2   -       19           26
    Secondary credit                                               0            0   -        1            0
    Seasonal credit                                               76   +       10   -        3           83
    Credit extended to American International
       Group, Inc., net (6)                                        0            0   -   24,154            0
    Term Asset-Backed Securities Loan Facility (7)            12,422   -       22   -   29,224       12,422
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (8)                                      0            0   -        1            0
  Net portfolio holdings of Maiden Lane LLC (9)               21,173   -    2,704   -    7,365       20,744
  Net portfolio holdings of Maiden Lane II LLC (10)           11,454   +        3   -    4,096       11,461
  Net portfolio holdings of Maiden Lane III LLC (11)          23,634   -      687   +      665       23,518
  Net portfolio holdings of TALF LLC (12)                        757            0   +      246          757
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (6)                                              0            0   -   25,733            0
  Float                                                       -1,075   +      105   +      596       -1,053
  Central bank liquidity swaps (13)                                0            0   -    1,246            0
  Other Federal Reserve assets (14)                          134,976   -      153   +   39,303      135,225
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (15)                            44,008   +       14   +      757       44,008

Total factors supplying reserve funds                      2,915,108   -    4,230   +  539,928    2,915,742
 
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 20, 2011
Federal Reserve Banks                                     Jul 20, 2011 Jul 13, 2011 Jul 21, 2010
 
Currency in circulation (15)                               1,028,352   -    1,864   +   85,322    1,029,334
Reverse repurchase agreements (16)                            65,706   -      838   +    2,338       64,695
  Foreign official and international accounts                 65,706   -      838   +    2,338       64,695
  Others                                                           0            0            0            0
Treasury cash holdings                                           153   +       13   -       90          134
Deposits with F.R. Banks, other than reserve balances        111,353   +   41,092   -  148,272      125,150
  Term deposits held by depository institutions                    0            0   -    4,241            0
  U.S. Treasury, general account                              90,719   +   40,380   +   39,412       96,422
  U.S. Treasury, supplementary financing account               5,000            0   -  194,962        5,000
  Foreign official                                               142   -       11   -    1,115          178
  Service-related                                              2,530   -        2   +       61        2,530
    Required clearing balances                                 2,530   -        2   +       61        2,530
    Adjustments to compensate for float                            0            0            0            0
  Other                                                       12,962   +      726   +   12,573       21,020
Funds from American International Group, Inc. asset
   dispositions, held as agent (6)                                 0            0            0            0
Other liabilities and capital (17)                            72,478   -      498   -      241       71,758

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,278,042   +   37,906   -   60,943    1,291,071

Reserve balances with Federal Reserve Banks                1,637,065   -   42,136   +  600,870    1,624,671
 
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
   securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
   remaining principal balance of the underlying mortgages.
5. Cash value of agreements.
6. As a result of the closing of the American International Group, Inc. (AIG) recapitalization plan on
   January 14, 2011, the credit extended to AIG was fully repaid and the Federal Reserve's commitment to lend
   any further funds was terminated. In addition, the Federal Reserve Bank of New York (FRBNY) has been paid
   in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. The funds from AIG asset
   dispositions that FRBNY held as agent were the source of repayment of the credit extended to AIG, as well
   as a portion of the FRBNY's preferred interests in ALICO Holdings LLC. The remaining FRBNY preferred
   interests in ALICO Holdings LLC and AIA Aurora LLC, valued at approximately $20 billion, were purchased by
   AIG through a draw on the Treasury's Series F preferred stock commitment and then transferred by AIG to
   the Treasury as consideration for the draw on the available Series F funds.
7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term
   Asset-Backed Securities Loan Facility.
8. Includes the book value of the commercial paper, net of amortized costs and related fees, and other
   investments held by the Commercial Paper Funding Facility LLC.
9.  Refer to table 4 and the note on consolidation accompanying table 9.
10. Refer to table 5 and the note on consolidation accompanying table 9.
11. Refer to table 6 and the note on consolidation accompanying table 9.
12. Refer to table 7 and the note on consolidation accompanying table 9.
13. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
    the foreign currency is returned to the foreign central bank. This exchange rate equals the market
    exchange rate used when the foreign currency was acquired from the foreign central bank.
14. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange
    rates, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the
    Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on
    January 14, 2011, included accrued dividends on the FRBNY's preferred interests in AIA Aurora LLC and
    ALICO Holdings LLC.
15. Estimated.
16. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
    securities, and mortgage-backed securities.
17. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to
    entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only
    to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation
    accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S.
    Treasury. Refer to table 8 and table 9.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.

 
1A. Memorandum Items
Millions of dollars
                                                                Averages of daily figures         Wednesday  
                                                           Week ended   Change from week ended   Jul 20, 2011
Memorandum item                                           Jul 20, 2011 Jul 13, 2011 Jul 21, 2010
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,453,945   +    3,175   +  322,168    3,454,428
  U.S. Treasury securities                                 2,719,889   +    5,061   +  416,382    2,721,855
  Federal agency securities (2)                              734,056   -    1,887   -   94,215      732,573
Securities lent to dealers                                    14,411   -    1,019   +    9,955       14,113
  Overnight facility (3)                                      14,411   -    1,019   +    9,955       14,113
    U.S. Treasury securities                                  13,808   -      832   +   10,508       13,538
    Federal agency debt securities                               603   -      187   -      553          575
 
Note: Components may not sum to totals because of rounding.

1. Face value of the securities. Includes U.S. Treasury STRIPS and other zero-coupon bonds at face value and
   mortgage-backed securities at original face value.
2. Includes debt and mortgage-backed securities.
3. Fully collateralized by U.S. Treasury securities.

 
2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities,      July 20, 2011
Millions of dollars
                                       Within 15    16 days to   91 days to  Over 1 year  Over 5 years    Over 10        All     
Remaining maturity                        days       90 days       1 year     to 5 years   to 10 years     years    
 
Loans (1)                                     89           20        1,760       10,662            0           ...       12,531
U.S. Treasury securities (2)
  Holdings                                15,085       15,309      114,135      710,280      579,576       199,706    1,634,093
  Weekly changes                      +      444   -      445   +   10,268   -    3,654   -    2,972    +       37   +    3,679
Federal agency debt securities (3)
  Holdings                                 1,601        4,767       16,639       68,537       20,145         2,347      114,036
  Weekly changes                      -    1,034   +      600   -      145   +    2,149   -    2,604             0   -    1,034
Mortgage-backed securities (4)
  Holdings                                     0            0            0           16           23       904,143      904,182
  Weekly changes                               0            0            0   -        1            0    -    4,671   -    4,671
Asset-backed securities held by
   TALF LLC (5)                                0            0            0            0            0             0            0
Repurchase agreements (6)                      0            0          ...          ...          ...           ...            0
Central bank liquidity swaps (7)               0            0            0            0            0             0            0

Reverse repurchase agreements (6)         64,695            0          ...          ...          ...           ...       64,695
Term deposits                                  0            0            0          ...          ...           ...            0
 
Note: Components may not sum to totals because of rounding.
. . . Not applicable.

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III
   LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation
   under generally accepted accounting principles.
2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of
   inflation on the original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal
   balance of the underlying mortgages.
5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.
6. Cash value of agreements.
7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency
   is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was
   acquired from the foreign central bank.

 
3. Supplemental Information on Mortgage-Backed Securities Purchase Program
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Jul 20, 2011 
 
Mortgage-backed securities held outright (1)                                                                             904,182

Commitments to buy mortgage-backed securities (2)                                                                              0
Commitments to sell mortgage-backed securities (2)                                                                             0

Cash and cash equivalents (3)                                                                                                  0
 
1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal
   balance of the underlying mortgages.
2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls,
   and coupon swaps.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8 and table 9.

 
4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Jul 20, 2011 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                             20,744

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 17,693
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         715
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,353
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
       March 31, 2011. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of
section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to
manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets.
Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses
of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to
JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.

 
5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Jul 20, 2011 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                          11,461

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  6,971
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         530
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                    1,090
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
       March 31, 2011. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of
   American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued
   interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table
   8 and table 9.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential
mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group,
Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred
payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.

 
6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Jul 20, 2011 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         23,518

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 10,854
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         633
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,462
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
       March 31, 2011. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector
collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written
credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the
related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to
AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.

 
7. Information on Principal Accounts of TALF LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Jul 20, 2011 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       757
Net portfolio holdings of TALF LLC                                                                                           757

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)                                        108
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF)
under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New
York (FRBNY) extends loans with a term of up to five years to holders of eligible asset-backed securities. The TALF is intended to
assist financial markets in accommodating the credit needs of consumers and businesses by facilitating the issuance of asset-backed
securities collateralized by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are
non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The loans
are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial
risk of a decline in the value of the security.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in
connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed
securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest.
Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF
LLC, by the interest received on investments of TALF LLC, by up to $4.3 billion in subordinated debt funding provided by the U.S.
Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio
holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S.
Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the
U.S. Treasury.

 
8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation   Jul 20, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Jul 13, 2011 Jul 21, 2010
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,167    +       50   +      134
  Securities, repurchase agreements, and loans                           2,664,842    -    2,005   +  538,307
    Securities held outright (1)                                         2,652,311    -    2,026   +  591,327
      U.S. Treasury securities                                           1,634,093    +    3,679   +  857,080
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                     1,540,917    +    3,600   +  828,897
        Notes and bonds, inflation-indexed (2)                              65,521             0   +   24,392
        Inflation compensation (3)                                           9,232    +       79   +    3,790
      Federal agency debt securities (2)                                   114,036    -    1,034   -   45,345
      Mortgage-backed securities (4)                                       904,182    -    4,671   -  220,408
    Repurchase agreements (5)                                                    0             0            0
    Loans                                                                   12,531    +       21   -   53,020
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (6)                                                    0             0   -        1
  Net portfolio holdings of Maiden Lane LLC (7)                             20,744    -    3,168   -    7,826
  Net portfolio holdings of Maiden Lane II LLC (8)                          11,461    +        8   -    4,095
  Net portfolio holdings of Maiden Lane III LLC (9)                         23,518    -      840   +      538
  Net portfolio holdings of TALF LLC (10)                                      757             0   +      217
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (11)                                                           0             0   -   25,733
  Items in process of collection                            (134)              264             0   -       94
  Bank premises                                                              2,201    +        2   -       30
  Central bank liquidity swaps (12)                                              0             0   -    1,246
  Other assets (13)                                                        133,019    -      841   +   39,300

Total assets                                                (134)        2,875,211    -    6,793   +  539,471
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation   Jul 20, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Jul 13, 2011 Jul 21, 2010
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                         987,624    -      661   +   85,365
  Reverse repurchase agreements (14)                                        64,695    -      357   +    3,228
  Deposits                                                    (0)        1,749,817    -    5,432   +  451,508
    Term deposits held by depository institutions                                0             0   -    4,241
    Other deposits held by depository institutions                       1,627,197    -   60,318   +  578,912
    U.S. Treasury, general account                                          96,422    +   57,006   +   52,557
    U.S. Treasury, supplementary financing account                           5,000             0   -  194,962
    Foreign official                                                           178    +       17   -    1,270
    Other                                                     (0)           21,020    -    2,137   +   20,512
  Deferred availability cash items                          (134)            1,317    -      205   -      819
  Other liabilities and accrued dividends (15)                              20,085    -      137   +    5,355

Total liabilities                                           (134)        2,823,538    -    6,792   +  544,638

Capital accounts
  Capital paid in                                                           25,836    -        1   -      825
  Surplus                                                                   25,836    -        1   +       20
  Other capital accounts                                                         0             0   -    4,362

Total capital                                                               51,673    -        1   -    5,167
 
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
   securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
   remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Includes the book value of the commercial paper, net of amortized costs and related fees, and other
   investments held by the Commercial Paper Funding Facility LLC.
7. Refer to table 4 and the note on consolidation accompanying table 9.
8. Refer to table 5 and the note on consolidation accompanying table 9.
9.  Refer to table 6 and the note on consolidation accompanying table 9.
10. Refer to table 7 and the note on consolidation accompanying table 9.
11. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank
    of New York has been paid in full for its	preferred interests in AIA Aurora LLC and ALICO Holdings LLC. A
    portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were
    held as agent by the Federal Reserve.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
    the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange
    rate used when the foreign currency was acquired from the foreign central bank.
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates
    and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to
    eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG
    recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY's preferred interests in
    AIA Aurora LLC and ALICO Holdings LLC.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
    securities, and mortgage-backed securities.
15. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to
    entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to
    the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation
    accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S.
    Treasury. Before the closing of the AIG recapitalization plan on January 14, 2011, included funds from
    American International Group, Inc. asset dispositions, held as agent.


 
9. Statement of Condition of Each Federal Reserve Bank,      July 20, 2011
Millions of dollars
                                               Total      Boston     New York   Philadelphia Cleveland   Richmond     Atlanta     Chicago    St. Louis  Minneapolis   Kansas      Dallas        San    
Assets, liabilities, and capital                                                                                                                                       City                  Francisco 
 
Assets
  Gold certificate account                      11,037         390       3,866         432         450         872       1,394         854         319         197         318         728       1,217
  Special drawing rights certificate acct.       5,200         196       1,818         210         237         412         654         424         150          90         153         282         574
  Coin                                           2,167          49          72         161         160         357         192         327          41          61         165         221         360
  Securities, repurchase agreements,
     and loans                               2,664,842      65,211   1,245,862      90,861      71,664     306,315     197,185     157,521      50,223      40,792      70,566     104,899     263,742
    Securities held outright (1)             2,652,311      65,211   1,233,439      90,858      71,644     306,315     197,180     157,509      50,200      40,762      70,553     104,899     263,742
      U.S. Treasury securities               1,634,093      40,177     759,923      55,978      44,140     188,721     121,483      97,041      30,929      25,114      43,468      64,629     162,492
        Bills (2)                               18,423         453       8,567         631         498       2,128       1,370       1,094         349         283         490         729       1,832
        Notes and bonds (3)                  1,615,670      39,724     751,356      55,346      43,643     186,593     120,113      95,947      30,580      24,830      42,978      63,900     160,660
      Federal agency debt securities (2)       114,036       2,804      53,032       3,906       3,080      13,170       8,478       6,772       2,158       1,753       3,033       4,510      11,340
      Mortgage-backed securities (4)           904,182      22,231     420,484      30,974      24,424     104,424      67,219      53,695      17,113      13,896      24,052      35,761      89,911
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Loans                                       12,531           0      12,424           3          20           0           6          12          22          30          14           0           0
  Net portfolio holdings of Commercial
     Paper Funding Facility LLC (6)                  0           0           0           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane LLC (7)                               20,744           0      20,744           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (8)                            11,461           0      11,461           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (9)                           23,518           0      23,518           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (10)          757           0         757           0           0           0           0           0           0           0           0           0           0
  Preferred interests in AIA Aurora LLC
     and ALICO Holdings LLC (11)                     0           0           0           0           0           0           0           0           0           0           0           0           0
  Items in process of collection                   398          25           0          71         107           5          22          38           6          30          16          19          59
  Bank premises                                  2,201         123         256          68         137         236         214         207         136         106         261         246         211
  Central bank liquidity swaps (12)                  0           0           0           0           0           0           0           0           0           0           0           0           0
  Other assets (13)                            133,019       3,568      56,919       6,261       4,880      17,856       9,445       6,966       2,257       2,497       3,073       4,624      14,672
  Interdistrict settlement account                   0   -  10,549   + 281,332   +   3,592   -   8,501   - 113,177   -  44,820   -   9,930   -   8,624   -  20,982   -  19,437   -   5,239   -  43,664

Total assets                                 2,875,345      59,013   1,646,605     101,656      69,134     212,877     164,285     156,407      44,508      22,791      55,116     105,781     237,171
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
9. Statement of Condition of Each Federal Reserve Bank,      July 20, 2011 (continued)
Millions of dollars
                                               Total      Boston     New York   Philadelphia Cleveland   Richmond     Atlanta     Chicago    St. Louis  Minneapolis   Kansas      Dallas        San    
Assets, liabilities, and capital                                                                                                                                       City                  Francisco 
 
Liabilities
  Federal Reserve notes outstanding          1,148,038      43,132     384,901      47,007      54,964      94,834     139,317      90,331      34,146      19,412      32,182      75,186     132,627
    Less: Notes held by F.R. Banks             160,414       5,072      40,446       6,333       7,607      12,727      24,949      13,370       4,481       5,570       3,301      11,356      25,201
      Federal Reserve notes, net               987,624      38,060     344,455      40,674      47,358      82,106     114,367      76,960      29,664      13,842      28,881      63,830     107,426
  Reverse repurchase agreements (14)            64,695       1,591      30,086       2,216       1,748       7,472       4,810       3,842       1,224         994       1,721       2,559       6,433
  Deposits                                   1,749,817      17,211   1,241,142      53,502      15,544     111,180      41,500      73,504      12,908       7,308      23,688      38,194     114,135
    Term deposits held by depository
       institutions                                  0           0           0           0           0           0           0           0           0           0           0           0           0
    Other deposits held by depository
       institutions                          1,627,197      17,206   1,118,879      53,481      15,540     110,922      41,498      73,479      12,883       7,307      23,687      38,194     114,124
    U.S. Treasury, general account              96,422           0      96,422           0           0           0           0           0           0           0           0           0           0
    U.S. Treasury, supplementary
       financing account                         5,000           0       5,000           0           0           0           0           0           0           0           0           0           0
    Foreign official                               178           1         150           4           3           8           2           1           0           1           0           1           6
    Other                                       21,020           4      20,691          18           1         250           0          25          25           0           1           0           5
  Deferred availability cash items               1,452          76           0         227         217          51          79         106          51         252          83          68         242
  Interest on Federal Reserve notes due
     to U.S. Treasury (15)                       1,689          36         821          59          55         195         105          94          30          22          42          64         168
  Other liabilities and accrued
     dividends (16)                             18,396         197      14,666         259         264         747         484         414         180         153         182         288         562

Total liabilities                            2,823,672      57,171   1,631,169      96,937      65,185     201,751     161,345     154,921      44,058      22,571      54,597     105,002     228,965

Capital
  Capital paid in                               25,836         921       7,718       2,359       1,975       5,563       1,470         743         225         110         259         389       4,103
  Surplus                                       25,836         921       7,718       2,359       1,975       5,563       1,470         743         225         110         259         389       4,103
  Other capital                                      0           0           0           0           0           0           0           0           0           0           0           0           0

Total liabilities and capital                2,875,345      59,013   1,646,605     101,656      69,134     212,877     164,285     156,407      44,508      22,791      55,116     105,781     237,171
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

9. Statement of Condition of Each Federal Reserve Bank,      July 20, 2011 (continued)
1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper Funding Facility LLC.
7. Refer to table 4 and the note on consolidation below.
8. Refer to table 5 and the note on consolidation below.
9.  Refer to table 6 and the note on consolidation below.
10. Refer to table 7 and the note on consolidation below.
11. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank of New York has been paid in full for its preferred interests in AIA Aurora LLC and ALICO
    Holdings LLC. A portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were held as agent by the Federal Reserve.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank of New York
    (FRBNY) to eligible	borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on January 14, 2011, included accrued dividends on the
    FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
15. Represents the estimated weekly remittances to U.S Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to
    capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the
    Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which
    requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the
    amount necessary to equate surplus with capital paid-in.
16. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have
    recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below. Before the closing of the AIG recapitalization plan on January 14,
    2011, included funds from American International Group, Inc. asset dispositions, held as agent.


Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was
extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector
collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan was extended to
Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc.
On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in
connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.

The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial
activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual
losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the
preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs
appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of
the LLCs, are included in other liabilities in this table (and table 1 and table 8).

 
10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
                                                                                            Wednesday   
Federal Reserve notes and collateral                                                       Jul 20, 2011 
 
Federal Reserve notes outstanding                                                          1,148,038
  Less: Notes held by F.R. Banks not subject to collateralization                            160,414
    Federal Reserve notes to be collateralized                                               987,624
Collateral held against Federal Reserve notes                                                987,624
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   971,387
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,652,311
  Less: Face value of securities under reverse repurchase agreements                          58,394
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,593,918
 
Note: Components may not sum to totals because of rounding.

1. Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright,
   compensation to adjust for the effect of inflation on the original face value of inflation-indexed
   securities, and cash value of repurchase agreements.
2. Includes securities lent to dealers under the overnight securities lending facility; refer to table
   1A.