FEDERAL RESERVE statistical release

For release at

4:30 P.M. EDT

July 29, 2010

The weekly average values, shown in table 1, reflect the June 30, 2010, quarterly updates to

the fair value of the net portfolio holdings of Maiden Lane LLC, Maiden Lane II LLC, and

Maiden Lane III LLC and the loan restructuring adjustment, which is included in the reported

value of the credit extended to American International Group, Inc. The amounts for the first

six days of this reporting week are based on the values as of March 31, 2010, and the amounts

for the last day of the reporting week are based on the values as of June 30, 2010.
FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks July 29, 2010

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

Jul 28, 2010 Week ended

Jul 28, 2010

Change from week ended

Jul 21, 2010 Jul 29, 2009

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,312,369 - 3,357 + 302,290 2,308,212

Securities held outright1 2,058,231 - 3,003 + 714,340 2,053,876

U.S. Treasury securities 777,018 + 8 + 81,700 777,021

Bills2 18,423 0 0 18,423

Notes and bonds, nominal2 712,020 0 + 84,874 712,020

Notes and bonds, inflation-indexed2 41,129 0 - 3,309 41,129

Inflation compensation3 5,447 + 8 + 136 5,450

Federal agency debt securities2 159,381 - 390 + 55,315 159,381

Mortgage-backed securities4 1,121,831 - 2,622 + 577,324 1,117,474

Repurchase agreements5 0 0 0 0

Term auction credit 0 0 - 237,629 0

Other loans 64,839 - 1,066 - 43,692 64,172

Primary credit 11 - 14 - 33,792 26

Secondary credit 1 0 - 104 0

Seasonal credit 77 - 2 - 11 80

Asset-Backed Commercial Paper Money Market

Mutual Fund Liquidity Facility 0 0 - 1,073 0

Credit extended to American International

Group, Inc., net6 23,775 - 379 - 19,279 23,449

Term Asset-Backed Securities Loan Facility7 40,975 - 671 + 10,567 40,617

Other credit extensions 0 0 0 0

Net portfolio holdings of Commercial Paper

Funding Facility LLC8 1 0 - 94,413 1

Net portfolio holdings of Maiden Lane LLC9 28,691 + 153 + 2,662 29,417

Net portfolio holdings of Maiden Lane II LLC10 15,644 + 94 - 28 16,170

Net portfolio holdings of Maiden Lane III LLC11 23,060 + 91 + 3,894 23,540

Net portfolio holdings of TALF LLC12 540 + 29 + 540 540

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC13 25,733 0 + 25,733 25,733

Float -1,588 + 83 + 190 -1,757

Central bank liquidity swaps14 1,246 0 - 86,492 1,246

Other Federal Reserve assets15 95,972 + 261 + 17,185 95,274

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding16 43,224 + 14 + 747 43,224

Total factors supplying reserve funds 2,371,834 - 3,343 + 306,037 2,367,677

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

Jul 28, 2010 Week ended

Jul 28, 2010

Change from week ended

Jul 21, 2010 Jul 29, 2009

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation16 942,257 - 732 + 33,606 944,273

Reverse repurchase agreements17 60,913 - 2,455 - 5,293 60,641

Foreign official and international accounts 60,913 - 2,455 - 5,293 60,641

Dealers 0 0 0 0

Treasury cash holdings 226 - 17 - 106 212

Deposits with F.R. Banks, other than reserve balances 250,443 - 9,182 - 18,465 240,723

Term deposits held by depository institutions 4,241 0 + 4,241 4,241

U.S. Treasury, general account 41,603 - 9,704 - 19,803 30,415

U.S. Treasury, supplementary financing account 199,961 - 1 + 25 199,961

Foreign official 1,779 + 522 - 253 3,223

Service-related 2,468 - 1 - 2,681 2,468

Required clearing balances 2,468 - 1 - 2,681 2,468

Adjustments to compensate for float 0 0 0 0

Other 391 + 2 + 5 416

Other liabilities and capital18 72,801 + 82 + 15,756 73,436

Total factors, other than reserve balances,

absorbing reserve funds 1,326,640 - 12,304 + 25,498 1,319,285

Reserve balances with Federal Reserve Banks 1,045,194 + 8,961 + 280,540 1,048,392

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

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A.

2. Face value of the securities.

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

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

the underlying mortgages.

5. Cash value of agreements.

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

Excludes credit extended to consolidated LLCs.

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

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

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

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

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

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

13.Refer to table 9.

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

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

foreign central bank.

15.Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, accrued dividends on the Federal

Reserve Bank of New York’s (FRBNY) preferred interests in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by

the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

16.Estimated.

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

18.Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities

other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4

through table 8 and the note on consolidation accompanying table 11.

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

1A. Memorandum Items

Millions of dollars

Averages of daily figures Wednesday

Jul 28, 2010 Week ended

Jul 28, 2010

Change from week ended

Jul 21, 2010 Jul 29, 2009

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,145,705 + 13,928 + 352,542 3,150,709

U.S. Treasury securities 2,315,846 + 12,339 + 314,673 2,319,109

Federal agency securities2 829,859 + 1,588 + 37,869 831,600

Securities lent to dealers 4,005 - 451 - 6,914 6,010

Overnight facility3 4,005 - 451 - 4,214 6,010

U.S. Treasury securities 2,940 - 360 - 5,098 4,899

Federal agency debt securities 1,065 - 91 + 884 1,111

Term facility4 0 0 - 2,700 0

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

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

2. Includes debt and mortgage-backed securities.

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

4. U.S. Treasury securities only. Fully collateralized by U.S. Treasury securities, federal agency securities, and other highly rated debt securities.

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, July 28, 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

Other loans1 99 7 0 64,065 0 ... 64,172

U.S. Treasury securities2

Holdings 19,420 14,082 52,372 332,301 214,996 143,852 777,021

Weekly changes + 3,867 - 3,867 + 1 + 2 + 2 + 4 + 8

Federal agency debt securities3

Holdings 811 8,889 37,246 77,342 32,746 2,347 159,381

Weekly changes + 811 + 1,438 - 648 - 1,601 0 0 0

Mortgage-backed securities4

Holdings 0 0 0 30 20 1,117,424 1,117,474

Weekly changes 0 0 0 - 1 0 - 7,115 - 7,116

Commercial paper held by

Commercial Paper Funding

Facility LLC5 0 0 0 ... ... ... 0

Asset-backed securities held by

TALF LLC6 0 0 0 0 0 0 0

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

Central bank liquidity swaps8 1,242 4 0 0 0 0 1,246

Reverse repurchase agreements7 60,641 0 ... ... ... ... 60,641

Term deposits 2,122 2,119 0 ... ... ... 4,241

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

. . . Not applicable.

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

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

consistent with consolidation under generally accepted accounting principles.

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

original face value of such securities.

3. Face value.

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

underlying mortgages.

5. Face value of commercial paper held by Commercial Paper Funding Facility LLC.

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

7. Cash value of agreements.

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

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

central bank.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities Purchase Program

Millions of dollars

Wednesday

Jul 28, 2010 Account name

Mortgage-backed securities held outright1 1,117,474

Commitments to buy mortgage-backed securities2 2,802

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 458

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 10 and table 11.

4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Wednesday

Jul 28, 2010 Account name

Net portfolio holdings of Maiden Lane LLC1 29,417

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 28,790

Accrued interest payable to the Federal Reserve Bank of New York2 529

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 1,286

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 June 30, 2010. Any assets purchased after

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

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

consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11.

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

table 10 and table 11.

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

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

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

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

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

FRBNY.

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Wednesday

Jul 28, 2010 Account name

Net portfolio holdings of Maiden Lane II LLC1 16,170

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 14,089

Accrued interest payable to the Federal Reserve Bank of New York2 376

Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3 1,056

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 June 30, 2010. Any assets purchased after

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

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

consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11.

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

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

included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 10 and table 11.

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

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

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

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

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

FRBNY and AIG subsidiaries.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday

Jul 28, 2010 Account name

Net portfolio holdings of Maiden Lane III LLC1 23,540

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 15,469

Accrued interest payable to the Federal Reserve Bank of New York2 465

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 5,291

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 June 30, 2010. Any assets purchased after

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

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

consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11.

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

table 10 and table 11.

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

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

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

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

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

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

AIG.

7. Information on Principal Accounts of Commercial Paper Funding Facility LLC

Millions of dollars

Wednesday

Jul 28, 2010 Account name

Commercial paper holdings, net1 0

Other investments, net 1

Net portfolio holdings of Commercial Paper Funding Facility LLC 1

Memorandum: Commercial paper holdings, face value 0

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

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

1. Book value, which includes amortized cost and related fees.

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

consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11.

Note: On October 27, 2008, the Federal Reserve Bank of New York began extending loans under the authority of section 13(3) of the Federal

Reserve Act to Commercial Paper Funding Facility LLC. This LLC is a limited liability company formed to purchase three-month U.S.

dollar-denominated commercial paper from eligible issuers and thereby foster liquidity in short-term funding markets and increase the availability

of credit for businesses and households.
H.4.1

8. Information on Principal Accounts of TALF LLC

Millions of dollars

Wednesday

Jul 28, 2010 Account name

Asset-backed securities holdings1 0

Other investments, net 540

Net portfolio holdings of TALF LLC 540

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 105

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 $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.

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

Jul 28, 2010 Account name

Preferred interests in AIA Aurora LLC and ALICO Holdings LLC1 25,733

Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC2 99

Preferred interests in AIA Aurora LLC1 16,469

Accrued dividends on preferred interests in AIA Aurora LLC2 63

Preferred interests in ALICO Holdings LLC1 9,264

Accrued dividends on preferred interests in ALICO Holdings LLC2 36

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

Jul 28, 2010

Change since

Wednesday

Jul 21, 2010

Wednesday

Jul 29, 2009

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

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

Coin 2,078 + 45 + 183

Securities, repurchase agreements, term auction

credit, and other loans 2,118,048 - 8,487 + 425,978

Securities held outright1 2,053,876 - 7,108 + 709,315

U.S. Treasury securities 777,021 + 8 + 81,263

Bills2 18,423 0 0

Notes and bonds, nominal2 712,020 0 + 84,445

Notes and bonds, inflation-indexed2 41,129 0 - 3,309

Inflation compensation3 5,450 + 8 + 127

Federal agency debt securities2 159,381 0 + 53,466

Mortgage-backed securities4 1,117,474 - 7,116 + 574,586

Repurchase agreements5 0 0 0

Term auction credit 0 0 - 237,621

Other loans 64,172 - 1,379 - 45,716

Net portfolio holdings of Commercial Paper

Funding Facility LLC6 1 0 - 67,299

Net portfolio holdings of Maiden Lane LLC7 29,417 + 847 + 3,547

Net portfolio holdings of Maiden Lane II LLC8 16,170 + 614 + 1,026

Net portfolio holdings of Maiden Lane III LLC9 23,540 + 560 + 2,403

Net portfolio holdings of TALF LLC10 540 0 + 540

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC11 25,733 0 + 25,733

Items in process of collection (64) 391 + 33 + 161

Bank premises 2,231 0 + 16

Central bank liquidity swaps12 1,246 0 - 86,492

Other assets13 93,074 - 645 + 16,856

Total assets (64) 2,328,705 - 7,035 + 325,652

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

Jul 28, 2010

Change since

Wednesday

Jul 21, 2010

Wednesday

Jul 29, 2009

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 903,334 + 1,075 + 32,759

Reverse repurchase agreements14 60,641 - 826 - 5,369

Deposits (0) 1,289,145 - 9,164 + 281,572

Term deposits held by depository institutions 4,241 0 + 4,241

Other deposits held by depository institutions 1,050,890 + 2,605 + 303,766

U.S. Treasury, general account 30,415 - 13,450 - 27,410

U.S. Treasury, supplementary financing account 199,961 - 1 + 25

Foreign official 3,223 + 1,775 + 1,045

Other (0) 416 - 92 - 95

Deferred availability cash items (64) 2,148 + 12 - 454

Other liabilities and accrued dividends15 15,320 + 590 + 8,595

Total liabilities (64) 2,270,589 - 8,311 + 317,103

Capital accounts

Capital paid in 26,665 + 4 + 2,143

Surplus 25,822 + 6 + 4,525

Other capital accounts 5,628 + 1,266 + 1,879

Total capital 58,116 + 1,276 + 8,549

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, July 28, 2010Millions of dollars

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

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 369 4,038 404 463 846 1,385 887 324 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 Coin 2,078 68 72 162 152 299 198 320 31 Securities, repurchase agreements,

term auction credit, and otherloans 2,118,048 51,977 902,156 47,964 69,782 233,922 194,369 154,849 52,934 

Securities held outright1 2,053,876 51,977 838,090 47,964 69,782 233,914 194,353 154,834 52,904 

U.S. Treasury securities 777,021 19,664 317,066 18,146 26,400 88,494 73,528 58,577 20,015 

Bills2 18,423 466 7,517 430 626 2,098 1,743 1,389 475 Notes and bonds3 758,599 19,198 309,548 17,715 25,774 86,396 71,784 57,188 19,540 

Federal agency debt securities2 159,381 4,033 65,036 3,722 5,415 18,152 15,082 12,015 4,105 

Mortgage-backed securities4 1,117,474 28,280 455,989 26,096 37,967 127,268 105,744 84,242 28,784 

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 64,172 0 64,065 0 0 8 16 15 30 

Net portfolio holdings of Commercial

Paper Funding Facility LLC6 1 0 1 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane LLC7 29,417 0 29,417 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane II LLC8 16,170 0 16,170 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane III LLC9 23,540 0 23,540 0 0 0 0 0 0 

Net portfolio holdings of TALF LLC10 540 0 540 0 0 0 0 0 0 

Preferred interests in AIA Aurora LLC

and ALICO Holdings LLC11 25,733 0 25,733 0 0 0 0 0 0 

Items in process of collection 455 17 0 33 74 7 157 44 16 Bank premises 2,231 123 258 70 143 238 219 210 135 Central bank liquidity swaps12 1,246 46 362 136 93 347 77 30 12 Other assets13 93,074 2,656 35,229 4,314 4,159 14,656 7,938 5,676 2,002 Interdistrict settlement account 0 - 1,946 + 140,184 + 19,134 - 16,908 + 4,864 - 45,596 - 44,230 - 16,621 + 

Total assets 2,328,769 53,505 1,179,516 72,427 58,195 255,591 159,402 118,211 38,984 

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, July 28, 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 1,125,995 38,319 395,368 43,468 45,126 89,155 144,132 86,723 31,847 

Less: Notes held by F.R. Banks 222,661 4,149 93,079 5,480 9,967 14,866 30,002 12,648 4,671 

Federal Reserve notes, net 903,334 34,169 302,289 37,989 35,159 74,289 114,130 74,075 27,176 

Reverse repurchase agreements14 60,641 1,535 24,745 1,416 2,060 6,906 5,738 4,572 1,562 

Deposits 1,289,145 15,628 823,705 26,962 16,233 160,792 35,582 37,555 9,502 

Term deposits held by depository

institutions 4,241 51 1,817 0 28 148 189 525 56 

Other deposits held by depository

institutions 1,050,890 15,558 588,116 26,957 16,202 160,507 35,391 36,965 9,445 

U.S. Treasury, general account 30,415 0 30,415 0 0 0 0 0 0 U.S. Treasury, supplementary

financing account 199,961 0 199,961 0 0 0 0 0 0 

Foreign official 3,223 1 3,194 4 3 11 2 1 0 Other 416 18 203 0 1 125 0 65 0 

Deferred availability cash items 2,212 69 0 187 586 76 111 158 53 Other liabilities and accrued

dividends15 15,320 206 11,345 220 265 783 579 469 199 

Total liabilities 2,270,653 51,607 1,162,084 66,773 54,305 242,846 156,141 116,829 38,491 Capital

Capital paid in 26,665 916 7,628 2,806 1,918 5,438 1,548 641 218 Surplus 25,822 945 7,618 2,803 1,911 7,141 1,581 621 239 Other capital 5,628 36 2,186 44 61 166 131 120 35 

Total liabilities and capital 2,328,769 53,505 1,179,516 72,427 58,195 255,591 159,402 118,211 38,984 

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, July 28, 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

Jul 28, 2010 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,125,995

Less: Notes held by F.R. Banks not subject to collateralization 222,661

Federal Reserve notes to be collateralized 903,334

Collateral held against Federal Reserve notes 903,334

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 887,097

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,053,876

Less: Face value of securities under reverse repurchase agreements 59,134

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,994,742

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.