For Release at 

4:30 P.M. Eastern time 

 April 1, 2010 

The Board’s H.4.1 statistical release, “Factors Affecting Reserve Balances of Depository Institutions 

and Condition Statement of Federal Reserve Banks,” has been modified to reflect a revision to the 

loan restructuring adjustment associated with the revolving credit extended to American 

International Group, Inc. (AIG). In addition, the release has been modified to incorporate fair value 

adjustments associated with the Term Asset-Backed Securities Loan Facility (TALF). 

Consistent with generally accepted accounting principles (GAAP), the AIG revolving credit 

extension has been reduced by a revision of $1,255 million to the loan restructuring adjustment. 

The restructuring adjustment is related to the loan modification that eliminated the floor on the 

Libor rate, announced on March 2, 2009, and that was first incorporated in reported figures 

beginning with the July 30, 2009, H.4.1 release. The restructuring adjustment recognizes the 

economic effect of the reduced interest rate on the revolving credit facility and will be amortized 

over the remaining term of the credit extension. The revised restructuring adjustment incorporates 

quarterly updates as of December 31, 2009, of estimates of factors such as interest rates and future 

cash flow streams that are used to value the original loan restructuring adjustment. The Federal 

Reserve expects that the credit extension, including interest and commitment fees under the 

modified terms, will be fully repaid. 

The weekly average balance of the credit extended to AIG shown in table 1 reflects holdings from 

March 25, 2010, through Wednesday, March 31, 2010.* The balance for the first six days of this 

reporting week reflects the loan restructuring adjustment prior to its revision. The balance for the 

final day of the reporting week reflects the revised loan restructuring adjustment. 

Several items on the release have been modified to include fair value adjustments associated with the 

TALF. A fair value adjustment to the TALF loans extended by FRBNY is recorded in “Other 

Federal Reserve assets” in table 1 and “Other assets” in table 10 and in table 11. This fair value 

adjustment of $557 million reflects the value of the future interest received by FRBNY that is paid 

to the TALF LLC to provide credit protection. The adjustment is substantially offset by a 

corresponding increase in the fair value of the liability to the U.S. Treasury related to its beneficial 

interest in the TALF LLC recorded in “Other liabilities and capital” in table 1 and “Other liabilities” 

in table 10 and in table 11. The fair value adjustments associated with the TALF will be updated 

quarterly. 

* This cover note was revised to reflect the correct dates of the reporting week. The original cover note listed the dates 

for the previous reporting week. 

FEDERAL RESERVE statistical release 
FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks April 1, 2010

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

Mar 31, 2010 Week ended

Mar 31, 2010

Change from week ended

Mar 24, 2010 Apr 1, 2009

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,290,403 - 7,424 + 244,230 2,289,758

Securities held outright1 2,014,288 - 3,372 +1,240,791 2,014,390

U.S. Treasury securities 776,691 + 38 + 290,472 776,705

Bills2 18,423 0 0 18,423

Notes and bonds, nominal2 708,872 0 + 284,513 708,872

Notes and bonds, inflation-indexed2 43,777 0 + 4,399 43,777

Inflation compensation3 5,619 + 38 + 1,559 5,633

Federal agency debt securities2 168,988 + 1,500 + 118,135 168,988

Mortgage-backed securities4 1,068,609 - 4,910 + 832,185 1,068,697

Repurchase agreements5 0 0 0 0

Term auction credit 3,410 0 - 463,868 3,410

Other loans 81,814 - 2,697 - 53,478 80,711

Primary credit 7,664 - 3,086 - 52,071 7,508

Secondary credit 600 0 + 600 600

Seasonal credit 4 - 2 + 1 5

Primary dealer and other broker-dealer credit6 0 0 - 19,488 0

Asset-Backed Commercial Paper Money Market

Mutual Fund Liquidity Facility 0 0 - 6,650 0

Credit extended to American International

Group, Inc., net7 26,222 + 1,039 - 18,490 25,377

Term Asset-Backed Securities Loan Facility8 47,324 - 648 + 42,621 47,221

Other credit extensions 0 0 0 0

Net portfolio holdings of Commercial Paper

Funding Facility LLC9 7,779 + 12 - 236,518 7,786

Net portfolio holdings of Maiden Lane LLC10 27,323 + 32 + 1,028 27,364

Net portfolio holdings of Maiden Lane II LLC11 15,352 + 13 - 3,106 15,405

Net portfolio holdings of Maiden Lane III LLC12 22,143 + 7 - 5,504 22,150

Net portfolio holdings of TALF LLC13 404 + 4 + 404 404

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC14 25,150 + 44 + 25,150 25,416

Float -1,700 - 80 + 587 -1,625

Central bank liquidity swaps15 0 0 - 309,828 0

Other Federal Reserve assets16 94,440 - 1,389 + 48,573 94,346

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding17 42,839 + 14 + 578 42,839

Total factors supplying reserve funds 2,349,483 - 7,410 + 247,808 2,348,838

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

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

Millions of dollars

Averages of daily figures Wednesday

Mar 31, 2010 Week ended

Mar 31, 2010

Change from week ended

Mar 24, 2010 Apr 1, 2009

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation17 932,786 + 92 + 30,182 934,684

Reverse repurchase agreements18 56,599 + 187 - 12,887 57,766

Foreign official and international accounts 56,599 + 187 - 12,887 57,766

Dealers 0 0 0 0

Treasury cash holdings 224 + 6 - 87 223

Deposits with F.R. Banks, other than reserve balances 168,898 - 4,187 - 100,937 240,316

U.S. Treasury, general account 35,896 - 31,707 - 11,233 91,519

U.S. Treasury, supplementary financing account 124,979 + 24,996 - 74,955 124,979

Foreign official 2,256 - 161 + 1,146 1,668

Service-related 2,687 - 6 - 1,741 2,687

Required clearing balances 2,687 - 6 - 1,741 2,687

Adjustments to compensate for float 0 0 0 0

Other 3,080 + 2,692 - 14,155 19,463

Other liabilities and capital19 65,948 - 1,120 + 10,474 64,994

Total factors, other than reserve balances,

absorbing reserve funds 1,224,455 - 5,022 - 73,255 1,297,983

Reserve balances with Federal Reserve Banks 1,125,028 - 2,388 + 321,063 1,050,855

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

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

2. Face value of the securities.

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

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

the underlying mortgages.

5. Cash value of agreements.

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

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

Excludes credit extended to consolidated LLCs.

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

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

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

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

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

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

14.Refer to table 9.

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

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

foreign central bank.

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

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

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

17.Estimated.

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

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

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

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

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

1A. Memorandum Items

Millions of dollars

Averages of daily figures Wednesday

Mar 31, 2010 Week ended

Mar 31, 2010

Change from week ended

Mar 24, 2010 Apr 1, 2009

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,019,750 + 7,238 + 410,421 3,025,268

U.S. Treasury securities 2,240,566 + 695 + 440,939 2,244,417

Federal agency securities2 779,185 + 6,544 - 30,518 780,850

Securities lent to dealers 7,124 + 2,925 - 83,612 13,504

Overnight facility3 7,124 + 2,925 + 2,038 13,504

U.S. Treasury securities 5,769 + 2,555 + 683 12,216

Federal agency debt securities 1,355 + 370 + 1,355 1,288

Term facility4 0 0 - 85,650 0

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

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

2. Includes debt and mortgage-backed securities.

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

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

2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, March 31, 2010

Millions of dollars

Within 15

days

16 days to

90 days

91 days to

1 year

Over 1 year

to 5 years

Over 5 years

to 10 years

Over 10

years

Remaining maturity All

Term auction credit 3,410 0 ... ... ... ... 3,410

Other loans1 8,110 4 0 72,598 0 ... 80,711

U.S. Treasury securities2

Holdings 18,140 18,694 48,552 331,962 215,414 143,942 776,705

Weekly changes - 493 - 3,496 + 4,934 - 2,015 + 1,091 + 16 + 38

Federal agency debt securities3

Holdings 85 4,141 32,267 95,618 34,530 2,347 168,988

Weekly changes + 85 + 767 - 852 + 1,500 0 0 + 1,500

Mortgage-backed securities4

Holdings 0 0 0 33 21 1,068,643 1,068,697

Weekly changes 0 0 0 - 1 0 - 5,103 - 5,103

Commercial paper held by

Commercial Paper Funding

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

Asset-backed securities held by

TALF LLC6 0 0 0 0 0 0 0

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

Reverse repurchase agreements7 57,766 0 ... ... ... ... 57,766

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

. . . Not applicable.

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

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

consistent with consolidation under generally accepted accounting principles.

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

original face value of such securities.

3. Face value.

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

underlying mortgages.

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

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

7. Cash value of agreements.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities Purchase Program

Millions of dollars

Wednesday

Mar 31, 2010 Account name

Mortgage-backed securities held outright1 1,068,697

Commitments to buy mortgage-backed securities2 103,740

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 70

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

underlying mortgages.

2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions as well as dollar rolls.

3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 10 and table 11.

4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Wednesday

Mar 31, 2010 Account name

Net portfolio holdings of Maiden Lane LLC1 27,364

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

Accrued interest payable to the Federal Reserve Bank of New York2 457

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 1,264

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2009. Any assets purchased after

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

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

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

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

table 10 and table 11.

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

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

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

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

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

FRBNY.

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Wednesday

Mar 31, 2010 Account name

Net portfolio holdings of Maiden Lane II LLC1 15,405

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 14,970

Accrued interest payable to the Federal Reserve Bank of New York2 313

Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3 1,045

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2009. Any assets purchased after

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

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

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

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

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

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

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

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

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

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

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

FRBNY and AIG subsidiaries.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday

Mar 31, 2010 Account name

Net portfolio holdings of Maiden Lane III LLC1 22,150

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 16,929

Accrued interest payable to the Federal Reserve Bank of New York2 394

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 5,235

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2009. Any assets purchased after

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

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

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

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

table 10 and table 11.

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

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

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

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

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

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

AIG.

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

Millions of dollars

Wednesday

Mar 31, 2010 Account name

Commercial paper holdings, net1 2,916

Other investments, net 4,870

Net portfolio holdings of Commercial Paper Funding Facility LLC 7,786

Memorandum: Commercial paper holdings, face value 2,966

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

Accrued interest payable to the Federal Reserve Bank of New York2 1

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

Mar 31, 2010 Account name

Asset-backed securities holdings1 0

Other investments, net 404

Net portfolio holdings of TALF LLC 404

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

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

Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable3 103

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

market on the measurement date.

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

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

3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 10

and table 11.

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

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

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

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

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

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

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

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

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

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

be offset in the following order: by the commitment fees collected by TALF LLC, by the interest received on investments of TALF LLC, by up to $20 billion

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

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

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

9. Supplemental Information on the Federal Reserve Bank of New York’s Preferred Interests in

AIA Aurora LLC and ALICO Holdings LLC

Millions of dollars

Wednesday

Mar 31, 2010 Account name

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

Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC2 0

Preferred interests in AIA Aurora LLC1 16,266

Accrued dividends on preferred interests in AIA Aurora LLC2 0

Preferred interests in ALICO Holdings LLC1 9,150

Accrued dividends on preferred interests in ALICO Holdings LLC2 0

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

Mar 31, 2010

Change since

Wednesday

Mar 24, 2010

Wednesday

 Apr 1, 2009

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

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

Coin 2,083 - 15 + 246

Securities, repurchase agreements, term auction

credit, and other loans 2,098,511 - 5,103 + 715,566

Securities held outright1 2,014,390 - 3,565 +1,231,807

U.S. Treasury securities 776,705 + 38 + 284,375

Bills2 18,423 0 0

Notes and bonds, nominal2 708,872 0 + 278,418

Notes and bonds, inflation-indexed2 43,777 0 + 4,399

Inflation compensation3 5,633 + 38 + 1,557

Federal agency debt securities2 168,988 + 1,500 + 115,372

Mortgage-backed securities4 1,068,697 - 5,103 + 832,060

Repurchase agreements5 0 0 0

Term auction credit 3,410 0 - 463,868

Other loans 80,711 - 1,538 - 52,373

Net portfolio holdings of Commercial Paper

Funding Facility LLC6 7,786 + 10 - 241,945

Net portfolio holdings of Maiden Lane LLC7 27,364 + 47 + 1,028

Net portfolio holdings of Maiden Lane II LLC8 15,405 + 62 - 3,111

Net portfolio holdings of Maiden Lane III LLC9 22,150 + 8 - 5,511

Net portfolio holdings of TALF LLC10 404 0 + 404

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC11 25,416 + 310 + 25,416

Items in process of collection (51) 496 + 311 + 11

Bank premises 2,241 + 2 + 58

Central bank liquidity swaps12 0 0 - 308,792

Other assets13 92,439 - 1,625 + 43,747

Total assets (51) 2,310,533 - 5,992 + 230,118

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

Mar 31, 2010

Change since

Wednesday

Mar 24, 2010

Wednesday

 Apr 1, 2009

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 894,146 + 1,111 + 29,629

Reverse repurchase agreements14 57,766 + 3,047 - 10,140

Deposits (0) 1,291,505 - 9,379 + 201,589

Depository institutions 1,053,876 - 93,871 + 216,413

U.S. Treasury, general account 91,519 + 41,415 + 53,765

U.S. Treasury, supplementary financing account 124,979 + 24,996 - 74,955

Foreign official 1,668 - 752 + 822

Other (0) 19,463 + 18,834 + 5,544

Deferred availability cash items (51) 2,122 - 23 - 1,146

Other liabilities and accrued dividends15 12,755 + 51 + 3,487

Total liabilities (51) 2,258,294 - 5,193 + 223,420

Capital accounts

Capital paid in 26,255 + 8 + 3,695

Surplus 24,845 - 476 + 3,689

Other capital accounts 1,138 - 331 - 686

Total capital 52,239 - 798 + 6,699

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, March 31, 2010Millions of dollars

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

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 412 3,895 450 467 882 1,356 911 329 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 Coin 2,083 75 79 168 152 312 191 326 24 Securities, repurchase agreements,

term auction credit, and otherloans 2,098,511 38,656 869,637 31,340 79,658 72,777 242,869 218,346 78,965 

Securities held outright1 2,014,390 38,642 787,376 31,251 79,585 72,593 242,706 217,979 78,916 

U.S. Treasury securities 776,705 14,900 303,595 12,050 30,686 27,990 93,582 84,048 30,428 

Bills2 18,423 353 7,201 286 728 664 2,220 1,994 722 Notes and bonds3 758,282 14,546 296,394 11,764 29,958 27,326 91,363 82,054 29,707 

Federal agency debt securities2 168,988 3,242 66,053 2,622 6,676 6,090 20,361 18,286 6,620 

Mortgage-backed securities4 1,068,697 20,501 417,727 16,580 42,222 38,513 128,763 115,645 41,867 

Repurchase agreements5 0 0 0 0 0 0 0 0 0 Term auction credit 3,410 0 1,845 20 74 160 125 294 28 Other loans 80,711 14 80,417 68 0 25 38 73 21 

Net portfolio holdings of Commercial

Paper Funding Facility LLC6 7,786 0 7,786 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane LLC7 27,364 0 27,364 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane II LLC8 15,405 0 15,405 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane III LLC9 22,150 0 22,150 0 0 0 0 0 0 

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

Preferred interests in AIA Aurora LLC

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

Items in process of collection 547 107 0 21 62 5 13 16 4 Bank premises 2,241 122 262 70 143 239 220 210 136 Central bank liquidity swaps12 0 0 0 0 0 0 0 0 0 Other assets13 92,439 2,228 33,823 3,783 4,487 9,383 9,611 7,826 2,880 Interdistrict settlement account 0 + 21,414 + 148,176 + 40,767 - 23,030 + 145,997 - 99,320 - 93,067 - 41,414 - 

Total assets 2,310,584 63,209 1,156,216 76,808 62,176 230,008 155,593 134,993 41,073 

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, March 31, 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 1,077,578 35,013 391,043 38,382 44,420 83,588 137,326 86,329 32,401 

Less: Notes held by F.R. Banks 183,432 4,351 62,127 5,669 8,474 10,355 32,939 11,477 4,245 

Federal Reserve notes, net 894,146 30,662 328,916 32,714 35,945 73,233 104,387 74,853 28,157 

Reverse repurchase agreements14 57,766 1,108 22,579 896 2,282 2,082 6,960 6,251 2,263 

Deposits 1,291,505 29,327 781,290 37,245 19,216 141,800 40,132 51,774 9,841 

Depository institutions 1,053,876 29,291 543,777 37,241 19,213 141,747 40,130 51,767 9,838 U.S. Treasury, general account 91,519 0 91,519 0 0 0 0 0 0 U.S. Treasury, supplementary

financing account 124,979 0 124,979 0 0 0 0 0 0 

Foreign official 1,668 1 1,639 4 3 11 2 1 0 Other 19,463 35 19,375 0 0 42 0 6 2 

Deferred availability cash items 2,172 53 0 179 596 74 138 135 50 Other liabilities and accrued

dividends15 12,755 181 8,858 211 287 508 629 553 239 

Total liabilities 2,258,345 61,332 1,141,644 71,245 58,327 217,698 152,246 133,566 40,549 Capital

Capital paid in 26,255 914 7,563 2,951 1,898 5,344 1,596 645 234 Surplus 24,845 945 7,009 2,612 1,910 6,967 1,581 620 240 Other capital 1,138 18 0 0 41 0 170 162 49 

Total liabilities and capital 2,310,584 63,209 1,156,216 76,808 62,176 230,008 155,593 134,993 41,073 

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, March 31, 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

Mar 31, 2010 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,077,578

Less: Notes held by F.R. Banks not subject to collateralization 183,432

Federal Reserve notes to be collateralized 894,146

Collateral held against Federal Reserve notes 894,146

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 877,909

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,014,390

Less: Face value of securities under reverse repurchase agreements 57,337

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,957,053

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.