FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks March 3, 2011

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

 Mar 2, 2011 Week ended

 Mar 2, 2011

Change from week ended

Feb 23, 2011 Mar 3, 2010

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,518,670 + 13,292 + 256,334 2,528,420

Securities held outright1 2,318,618 + 14,689 + 347,775 2,328,439

U.S. Treasury securities 1,224,988 + 23,588 + 448,446 1,236,258

Bills2 18,423 0 0 18,423

Notes and bonds, nominal2 1,146,075 + 23,349 + 437,203 1,157,044

Notes and bonds, inflation-indexed2 54,074 + 211 + 10,297 54,357

Inflation compensation3 6,415 + 26 + 944 6,434

Federal agency debt securities2 143,373 - 781 - 24,138 143,249

Mortgage-backed securities4 950,256 - 8,119 - 76,533 948,932

Repurchase agreements5 0 0 0 0

Term auction credit 0 0 - 15,425 0

Other loans 20,534 - 1,374 - 66,014 20,381

Primary credit 18 0 - 13,755 7

Secondary credit 0 0 - 800 0

Seasonal credit 5 + 2 + 1 8

Credit extended to American International

Group, Inc., net6 0 0 - 25,210 0

Term Asset-Backed Securities Loan Facility7 20,511 - 1,376 - 26,251 20,366

Other credit extensions 0 0 0 0

Net portfolio holdings of Commercial Paper

Funding Facility LLC8 0 0 - 7,742 0

Net portfolio holdings of Maiden Lane LLC9 26,045 + 12 - 1,190 26,062

Net portfolio holdings of Maiden Lane II LLC10 16,036 - 8 + 484 15,890

Net portfolio holdings of Maiden Lane III LLC11 22,824 + 9 + 417 22,837

Net portfolio holdings of TALF LLC12 703 + 12 + 331 703

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC6 0 0 - 25,106 0

Float -1,570 - 135 + 270 -2,027

Central bank liquidity swaps13 70 0 + 70 70

Other Federal Reserve assets14 115,411 + 86 + 22,465 116,065

Gold stock 11,041 0 0 11,041

Special drawing rights certificate account 5,200 0 0 5,200

Treasury currency outstanding15 43,675 + 14 + 932 43,675

Total factors supplying reserve funds 2,578,586 + 13,306 + 257,265 2,588,336

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 2, 2011 Week ended

 Mar 2, 2011

Change from week ended

Feb 23, 2011 Mar 3, 2010

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation15 997,051 + 1,694 + 65,184 998,952

Reverse repurchase agreements16 60,625 + 2,764 + 4,050 62,461

Foreign official and international accounts 60,625 + 2,764 + 4,050 62,461

Others 0 0 0 0

Treasury cash holdings 186 + 5 - 14 194

Deposits with F.R. Banks, other than reserve balances 155,094 - 18,416 + 85,127 157,807

Term deposits held by depository institutions 5,070 0 + 5,070 5,070

U.S. Treasury, general account 47,058 + 6,500 + 8,164 49,542

U.S. Treasury, supplementary financing account 99,980 - 24,996 + 74,983 99,980

Foreign official 178 + 48 - 2,759 379

Service-related 2,320 - 6 - 421 2,320

Required clearing balances 2,320 - 6 - 421 2,320

Adjustments to compensate for float 0 0 0 0

Other 487 + 36 + 88 517

Funds from American International Group, Inc. asset

dispositions, held as agent6 0 0 0 0

Other liabilities and capital17 73,242 + 740 + 6,868 72,534

Total factors, other than reserve balances,

absorbing reserve funds 1,286,197 - 13,215 + 161,213 1,291,949

Reserve balances with Federal Reserve Banks 1,292,389 + 26,521 + 96,052 1,296,387

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.
H.4.1

1A. Memorandum Items

Millions of dollars

Averages of daily figures Wednesday

 Mar 2, 2011 Week ended

 Mar 2, 2011

Change from week ended

Feb 23, 2011 Mar 3, 2010

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,384,450 - 3,648 + 415,534 3,391,705

U.S. Treasury securities 2,623,626 - 3,773 + 422,590 2,630,648

Federal agency securities2 760,824 + 126 - 7,056 761,056

Securities lent to dealers 14,135 - 784 + 8,642 17,035

Overnight facility3 14,135 - 784 + 8,642 17,035

U.S. Treasury securities 12,853 - 872 + 8,263 15,923

Federal agency debt securities 1,282 + 88 + 378 1,112

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, March 2, 2011

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 7 8 0 20,366 0 ... 20,381

U.S. Treasury securities2

Holdings 12,138 29,950 57,572 525,223 436,109 175,267 1,236,258

Weekly changes - 8,436 + 11,764 - 3,546 + 18,103 + 581 + 4,368 + 22,833

Federal agency debt securities3

Holdings 3,255 20,901 18,276 69,499 28,971 2,347 143,249

Weekly changes + 2,385 - 3,255 0 0 0 0 - 870

Mortgage-backed securities4

Holdings 0 0 0 21 21 948,889 948,932

Weekly changes 0 0 0 - 1 - 1 - 9,269 - 9,269

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

Repurchase agreements6 0 0 ... ... ... ... 0

Central bank liquidity swaps7 70 0 0 0 0 0 70

Reverse repurchase agreements6 62,461 0 ... ... ... ... 62,461

Term deposits 5,070 0 0 ... ... ... 5,070

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.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities Purchase Program

Millions of dollars

Wednesday

 Mar 2, 2011 Account name

Mortgage-backed securities held outright1 948,932

Commitments to buy mortgage-backed securities2 0

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 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

 Mar 2, 2011 Account name

Net portfolio holdings of Maiden Lane LLC1 26,062

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 24,022

Accrued interest payable to the Federal Reserve Bank of New York2 649

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 1,326

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, 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 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

 Mar 2, 2011 Account name

Net portfolio holdings of Maiden Lane II LLC1 15,890

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 12,353

Accrued interest payable to the Federal Reserve Bank of New York2 479

Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3 1,077

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, 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 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.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday

 Mar 2, 2011 Account name

Net portfolio holdings of Maiden Lane III LLC1 22,837

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 12,434

Accrued interest payable to the Federal Reserve Bank of New York2 574

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 5,395

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, 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 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

 Mar 2, 2011 Account name

Asset-backed securities holdings1 0

Other investments, net 703

Net portfolio holdings of TALF LLC 703

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 107

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.
H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Eliminations from

consolidation

Wednesday

 Mar 2, 2011

Change since

Wednesday

Feb 23, 2011

Wednesday

 Mar 3, 2010

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,245 - 15 + 95

Securities, repurchase agreements, term auction

credit, and other loans 2,348,820 + 12,049 + 276,505

Securities held outright1 2,328,439 + 12,693 + 357,547

U.S. Treasury securities 1,236,258 + 22,833 + 459,705

Bills2 18,423 0 0

Notes and bonds, nominal2 1,157,044 + 22,301 + 448,172

Notes and bonds, inflation-indexed2 54,357 + 494 + 10,580

Inflation compensation3 6,434 + 37 + 953

Federal agency debt securities2 143,249 - 870 - 24,262

Mortgage-backed securities4 948,932 - 9,269 - 77,896

Repurchase agreements5 0 0 0

Term auction credit 0 0 - 15,425

Other loans 20,381 - 644 - 65,617

Net portfolio holdings of Commercial Paper

Funding Facility LLC6 0 0 - 7,746

Net portfolio holdings of Maiden Lane LLC7 26,062 + 27 - 1,198

Net portfolio holdings of Maiden Lane II LLC8 15,890 - 156 + 327

Net portfolio holdings of Maiden Lane III LLC9 22,837 + 17 + 402

Net portfolio holdings of TALF LLC10 703 0 + 331

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC11 0 0 - 25,106

Items in process of collection (112) 184 - 45 - 150

Bank premises 2,213 - 6 - 23

Central bank liquidity swaps12 70 0 + 70

Other assets13 113,854 + 68 + 22,085

Total assets (112) 2,549,115 + 11,940 + 265,593

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

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

Millions of dollars

Eliminations from

consolidation

Wednesday

 Mar 2, 2011

Change since

Wednesday

Feb 23, 2011

Wednesday

 Mar 3, 2010

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 957,713 + 1,701 + 64,929

Reverse repurchase agreements14 62,461 + 2,977 + 7,256

Deposits (0) 1,454,195 + 7,578 + 186,732

Term deposits held by depository institutions 5,070 0 + 5,070

Other deposits held by depository institutions 1,298,708 + 5,873 + 112,626

U.S. Treasury, general account 49,542 + 26,419 - 3,737

U.S. Treasury, supplementary financing account 99,980 - 24,996 + 74,983

Foreign official 379 + 250 - 2,416

Other (0) 517 + 32 + 207

Deferred availability cash items (112) 2,212 - 316 - 510

Other liabilities and accrued dividends15 19,480 - 19 + 7,408

Total liabilities (112) 2,496,061 + 11,920 + 265,815

Capital accounts

Capital paid in 26,527 + 10 + 672

Surplus 26,527 + 10 + 1,053

Other capital accounts 0 0 - 1,947

Total capital 53,054 + 19 - 222

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.
H.4.1

9. Statement of Condition of Each Federal Reserve Bank, March 2, 2011Millions 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 2,245 52 77 177 163 379 184 343 30 Securities, repurchase agreements,

term auction credit, and otherloans 2,348,820 58,925 970,492 54,376 79,111 265,184 220,336 175,532 59,976 

Securities held outright1 2,328,439 58,925 950,126 54,376 79,110 265,184 220,335 175,532 59,976 

U.S. Treasury securities 1,236,258 31,286 504,459 28,870 42,003 140,796 116,984 93,197 31,844 

Bills2 18,423 466 7,517 430 626 2,098 1,743 1,389 475 Notes and bonds3 1,217,835 30,819 496,941 28,440 41,377 138,698 115,241 91,808 31,369 

Federal agency debt securities2 143,249 3,625 58,453 3,345 4,867 16,315 13,555 10,799 3,690 

Mortgage-backed securities4 948,932 24,014 387,215 22,160 32,241 108,073 89,795 71,537 24,443 

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 20,381 0 20,366 0 0 0 1 0 0 

Net portfolio holdings of Commercial

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

Net portfolio holdings of Maiden

Lane LLC7 26,062 0 26,062 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane II LLC8 15,890 0 15,890 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane III LLC9 22,837 0 22,837 0 0 0 0 0 0 

Net portfolio holdings of TALF LLC10 703 0 703 0 0 0 0 0 0 

Preferred interests in AIA Aurora LLC

and ALICO Holdings LLC11 0 0 0 0 0 0 0 0 0 

Items in process of collection 296 5 0 60 74 11 13 27 11 Bank premises 2,213 125 256 68 139 238 217 207 135 Central bank liquidity swaps12 70 2 20 7 5 14 4 2 1 Other assets13 113,854 3,156 43,218 4,636 4,944 15,447 9,774 7,214 2,499 Interdistrict settlement account 0 - 4,718 + 204,815 + 49,662 - 22,390 - 34,872 - 60,373 - 38,921 - 20,769 - 

Total assets 2,549,227 58,112 1,290,226 109,600 62,747 247,660 172,193 145,714 42,357 

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

9. Statement of Condition of Each Federal Reserve Bank, March 2, 2011 (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 1,115,653 42,311 378,892 46,004 46,253 90,108 140,366 85,210 32,063 

Less: Notes held by F.R. Banks 157,940 4,711 46,373 5,018 8,105 12,240 21,920 11,715 4,001 

Federal Reserve notes, net 957,713 37,600 332,519 40,985 38,149 77,868 118,446 73,494 28,063 

Reverse repurchase agreements14 62,461 1,581 25,487 1,459 2,122 7,114 5,910 4,709 1,609 

Deposits 1,454,195 16,756 902,456 61,401 17,821 150,697 43,939 65,438 11,935 

Term deposits held by depository

institutions 5,070 14 2,651 800 10 515 0 293 50 

Other deposits held by depository

institutions 1,298,708 16,720 749,691 60,597 17,808 150,044 43,936 65,111 11,830 

U.S. Treasury, general account 49,542 0 49,542 0 0 0 0 0 0 U.S. Treasury, supplementary

financing account 99,980 0 99,980 0 0 0 0 0 0 

Foreign official 379 1 350 4 3 8 2 1 0 Other 517 21 241 1 0 129 0 33 55 

Deferred availability cash items 2,323 96 0 323 359 103 143 129 71 Interest on Federal Reserve notes due

to U.S. Treasury15 1,845 40 796 48 63 223 167 126 38 

Other liabilities and accrued

dividends16 17,635 205 13,575 232 298 781 578 483 205 

Total liabilities 2,496,172 56,278 1,274,832 104,449 58,811 236,785 169,183 144,380 41,921 Capital

Capital paid in 26,527 917 7,697 2,576 1,968 5,438 1,505 667 218 Surplus 26,527 917 7,697 2,576 1,968 5,438 1,505 667 218 Other capital 0 0 0 0 0 0 0 0 0 

Total liabilities and capital 2,549,227 58,112 1,290,226 109,600 62,747 247,660 172,193 145,714 42,357 

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

9. Statement of Condition of Each Federal Reserve Bank, March 2, 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 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. Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper Funding Facilit7. 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 inte

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 Res

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 and the fair value adjustment to credit extended by 

of New York (FRBNY) to eligible	borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on Janudividends 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 

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 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 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 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 Y

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 recapitincluded 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 Resewas 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 multi-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 primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily respoTALF 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 Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNcondition 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 (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 LLCsin this table (and table 1 and table 8).
H.4.1

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

Millions of dollars

Wednesday

 Mar 2, 2011 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,115,653

Less: Notes held by F.R. Banks not subject to collateralization 157,940

Federal Reserve notes to be collateralized 957,713

Collateral held against Federal Reserve notes 957,713

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 941,476

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,328,439

Less: Face value of securities under reverse repurchase agreements 51,033

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,277,406

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.