FEDERAL RESERVE statistical release

For release at

4:30 P.M. EDT

July 28, 2011

The weekly average values, shown in table 1, reflect the June 30, 2011, quarterly updates to the fair

values of the net portfolio holdings of Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane

III LLC, and the fair value adjustment of the Term Asset-Backed Securities Loan Facility, or TALF,

which is included in "Other Federal Reserve assets." The amounts for the first six days of this

reporting week are based on the values as of March 31, 2011, and the amounts for the last day of the

reporting week are based on the values as of June 30, 2011.
FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks July 28, 2011

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

Jul 27, 2011 Week ended

Jul 27, 2011

Change from week ended

Jul 20, 2011 Jul 28, 2010

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,852,885 - 1,974 + 540,491 2,847,574

Securities held outright1 2,649,995 - 1,441 + 591,764 2,647,881

U.S. Treasury securities 1,634,961 + 3,160 + 857,943 1,638,161

Bills2 18,423 0 0 18,423

Notes and bonds, nominal2 1,541,736 + 3,081 + 829,716 1,544,906

Notes and bonds, inflation-indexed2 65,521 0 + 24,392 65,521

Inflation compensation3 9,282 + 79 + 3,835 9,311

Federal agency debt securities2 113,807 - 820 - 45,574 112,435

Mortgage-backed securities4 901,226 - 3,782 - 220,605 897,285

Repurchase agreements5 0 0 0 0

Loans 12,109 - 395 - 52,730 11,968

Primary credit 2 - 4 - 9 5

Secondary credit 0 0 - 1 0

Seasonal credit 87 + 11 + 10 81

Credit extended to American International

Group, Inc., net6 0 0 - 23,775 0

Term Asset-Backed Securities Loan Facility7 12,020 - 402 - 28,955 11,881

Other credit extensions 0 0 0 0

Net portfolio holdings of Commercial Paper

Funding Facility LLC8 0 0 - 1 0

Net portfolio holdings of Maiden Lane LLC9 20,754 - 419 - 7,937 20,815

Net portfolio holdings of Maiden Lane II LLC10 11,285 - 169 - 4,359 10,225

Net portfolio holdings of Maiden Lane III LLC11 23,223 - 411 + 163 21,457

Net portfolio holdings of TALF LLC12 767 + 10 + 227 767

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC6 0 0 - 25,733 0

Float -1,021 + 54 + 567 -1,255

Central bank liquidity swaps13 0 0 - 1,246 0

Other Federal Reserve assets14 135,774 + 798 + 39,776 135,718

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 44,022 + 14 + 764 44,022

Total factors supplying reserve funds 2,913,147 - 1,961 + 541,253 2,907,837

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 27, 2011 Week ended

Jul 27, 2011

Change from week ended

Jul 20, 2011 Jul 28, 2010

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation15 1,028,518 + 166 + 86,227 1,030,733

Reverse repurchase agreements16 65,380 - 326 + 4,467 67,004

Foreign official and international accounts 65,380 - 326 + 4,467 67,004

Others 0 0 0 0

Treasury cash holdings 131 - 22 - 95 113

Deposits with F.R. Banks, other than reserve balances 93,989 - 17,364 - 156,454 85,570

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

U.S. Treasury, general account 77,019 - 13,700 + 35,416 66,757

U.S. Treasury, supplementary financing account 5,000 0 - 194,961 5,000

Foreign official 142 0 - 1,637 125

Service-related 2,530 0 + 62 2,530

Required clearing balances 2,530 0 + 62 2,530

Adjustments to compensate for float 0 0 0 0

Other 9,298 - 3,664 + 8,907 11,158

Funds from American International Group, Inc. asset

dispositions, held as agent6 0 0 0 0

Other liabilities and capital17 72,314 - 164 - 487 68,620

Total factors, other than reserve balances,

absorbing reserve funds 1,260,332 - 17,710 - 66,343 1,252,040

Reserve balances with Federal Reserve Banks 1,652,815 + 15,749 + 607,596 1,655,796

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

Jul 27, 2011 Week ended

Jul 27, 2011

Change from week ended

Jul 20, 2011 Jul 28, 2010

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,453,109 - 836 + 307,404 3,451,123

U.S. Treasury securities 2,720,303 + 414 + 404,457 2,719,160

Federal agency securities2 732,805 - 1,251 - 97,054 731,963

Securities lent to dealers 16,322 + 1,911 + 12,317 19,688

Overnight facility3 16,322 + 1,911 + 12,317 19,688

U.S. Treasury securities 15,780 + 1,972 + 12,840 18,911

Federal agency debt securities 542 - 61 - 523 777

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

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

face value.

2. Includes debt and mortgage-backed securities.

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

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, July 27, 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

Loans1 75 12 1,620 10,261 0 ... 11,968

U.S. Treasury securities2

Holdings 18,953 11,442 114,143 710,293 582,718 200,612 1,638,161

Weekly changes + 3,868 - 3,867 + 8 + 13 + 3,142 + 906 + 4,068

Federal agency debt securities3

Holdings 0 4,767 16,639 68,537 20,145 2,347 112,435

Weekly changes - 1,601 0 0 0 0 0 - 1,601

Mortgage-backed securities4

Holdings 0 0 0 16 22 897,247 897,285

Weekly changes 0 0 0 0 - 1 - 6,896 - 6,897

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 0 0 0 0 0 0 0

Reverse repurchase agreements6 67,004 0 ... ... ... ... 67,004

Term deposits 0 0 0 ... ... ... 0

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

. . . Not applicable.

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

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

under generally accepted accounting principles.

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

original face value of such securities.

3. Face value.

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

underlying mortgages.

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

6. Cash value of agreements.

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

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

central bank.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities Purchase Program

Millions of dollars

Wednesday

Jul 27, 2011 Account name

Mortgage-backed securities held outright1 897,285

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

Jul 27, 2011 Account name

Net portfolio holdings of Maiden Lane LLC1 20,815

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 17,693

Accrued interest payable to the Federal Reserve Bank of New York2 717

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 1,354

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, 2011. Any assets purchased after

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

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

consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

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

table 8 and table 9.

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

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

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

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

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

FRBNY.

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Wednesday

Jul 27, 2011 Account name

Net portfolio holdings of Maiden Lane II LLC1 10,225

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 6,971

Accrued interest payable to the Federal Reserve Bank of New York2 532

Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3 1,091

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, 2011. Any assets purchased after

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

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

consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

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

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

included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

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

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

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

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

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

FRBNY and AIG subsidiaries.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday

Jul 27, 2011 Account name

Net portfolio holdings of Maiden Lane III LLC1 21,457

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 10,854

Accrued interest payable to the Federal Reserve Bank of New York2 636

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 5,465

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, 2011. Any assets purchased after

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

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

consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

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

table 8 and table 9.

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

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

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

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

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

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

AIG.

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Wednesday

Jul 27, 2011 Account name

Asset-backed securities holdings1 0

Other investments, net 767

Net portfolio holdings of TALF LLC 767

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 108

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

market on the measurement date.

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

under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8

and table 9.

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

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

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

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

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

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

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

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

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

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

be offset in the following order: by the commitment fees collected by TALF LLC, by the interest received on investments of TALF LLC, by up to $4.3 billion

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

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

U.S. Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the U.S. Treasury.
H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Eliminations from

consolidation

Wednesday

Jul 27, 2011

Change since

Wednesday

Jul 20, 2011

Wednesday

Jul 28, 2010

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,198 + 31 + 120

Securities, repurchase agreements, and loans 2,659,848 - 4,994 + 541,800

Securities held outright1 2,647,881 - 4,430 + 594,005

U.S. Treasury securities 1,638,161 + 4,068 + 861,140

Bills2 18,423 0 0

Notes and bonds, nominal2 1,544,906 + 3,989 + 832,886

Notes and bonds, inflation-indexed2 65,521 0 + 24,392

Inflation compensation3 9,311 + 79 + 3,861

Federal agency debt securities2 112,435 - 1,601 - 46,946

Mortgage-backed securities4 897,285 - 6,897 - 220,189

Repurchase agreements5 0 0 0

Loans 11,968 - 563 - 52,204

Net portfolio holdings of Commercial Paper

Funding Facility LLC6 0 0 - 1

Net portfolio holdings of Maiden Lane LLC7 20,815 + 71 - 8,602

Net portfolio holdings of Maiden Lane II LLC8 10,225 - 1,236 - 5,945

Net portfolio holdings of Maiden Lane III LLC9 21,457 - 2,061 - 2,083

Net portfolio holdings of TALF LLC10 767 + 10 + 227

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC11 0 0 - 25,733

Items in process of collection (230) 158 - 106 - 233

Bank premises 2,202 + 1 - 29

Central bank liquidity swaps12 0 0 - 1,246

Other assets13 133,509 + 490 + 40,435

Total assets (230) 2,867,416 - 7,795 + 538,711

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

Jul 27, 2011

Change since

Wednesday

Jul 20, 2011

Wednesday

Jul 28, 2010

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 989,019 + 1,395 + 85,685

Reverse repurchase agreements14 67,004 + 2,309 + 6,363

Deposits (0) 1,741,360 - 8,457 + 452,215

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

Other deposits held by depository institutions 1,658,319 + 31,122 + 607,429

U.S. Treasury, general account 66,757 - 29,665 + 36,342

U.S. Treasury, supplementary financing account 5,000 0 - 194,961

Foreign official 125 - 53 - 3,098

Other (0) 11,158 - 9,862 + 10,742

Deferred availability cash items (230) 1,413 + 96 - 735

Other liabilities and accrued dividends15 16,947 - 3,138 + 1,627

Total liabilities (230) 2,815,743 - 7,795 + 545,154

Capital accounts

Capital paid in 25,836 0 - 829

Surplus 25,836 0 + 14

Other capital accounts 0 0 - 5,628

Total capital 51,672 - 1 - 6,444

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, July 27, 2011Millions of dollars

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

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 390 3,866 432 450 872 1,394 854 319 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 Coin 2,198 49 73 165 161 361 194 332 40 Securities, repurchase agreements,

and loans 2,659,848 65,102 1,243,259 90,706 71,525 305,808 196,861 157,256 50,140 

Securities held outright1 2,647,881 65,102 1,231,378 90,706 71,525 305,803 196,850 157,246 50,117 

U.S. Treasury securities 1,638,161 40,277 761,815 56,117 44,250 189,191 121,785 97,283 31,006 

Bills2 18,423 453 8,567 631 498 2,128 1,370 1,094 349 Notes and bonds3 1,619,738 39,824 753,248 55,486 43,752 187,063 120,416 96,189 30,657 

Federal agency debt securities2 112,435 2,764 52,287 3,852 3,037 12,985 8,359 6,677 2,128 

Mortgage-backed securities4 897,285 22,061 417,276 30,737 24,238 103,627 66,706 53,286 16,983 

Repurchase agreements5 0 0 0 0 0 0 0 0 0 Loans 11,968 0 11,881 0 0 5 10 11 23 

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 20,815 0 20,815 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane II LLC8 10,225 0 10,225 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane III LLC9 21,457 0 21,457 0 0 0 0 0 0 

Net portfolio holdings of TALF LLC10 767 0 767 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 388 18 0 89 184 4 -76 36 6 Bank premises 2,202 123 257 68 138 235 213 207 136 Central bank liquidity swaps12 0 0 0 0 0 0 0 0 0 Other assets13 133,509 3,584 57,089 6,296 4,911 17,929 9,480 6,988 2,264 Interdistrict settlement account 0 + 17,673 + 235,566 + 3,259 - 4,192 - 97,911 - 40,309 - 18,316 - 9,161 - 

Total assets 2,867,646 87,135 1,595,192 101,225 73,414 227,709 168,410 147,781 43,893 

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, July 27, 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 1,149,943 43,030 384,027 46,814 55,067 95,445 139,757 90,644 34,142 

Less: Notes held by F.R. Banks 160,924 5,211 41,109 6,474 7,383 12,771 24,983 13,267 4,418 

Federal Reserve notes, net 989,019 37,818 342,919 40,340 47,684 82,674 114,774 77,377 29,723 

Reverse repurchase agreements14 67,004 1,647 31,160 2,295 1,810 7,738 4,981 3,979 1,268 

Deposits 1,741,360 45,514 1,193,474 53,279 19,443 125,050 45,025 64,329 12,198 

Term deposits held by depository

institutions 0 0 0 0 0 0 0 0 0 

Other deposits held by depository

institutions 1,658,319 45,500 1,110,729 53,258 19,439 124,880 45,022 64,304 12,153 

U.S. Treasury, general account 66,757 0 66,757 0 0 0 0 0 0 U.S. Treasury, supplementary

financing account 5,000 0 5,000 0 0 0 0 0 0 

Foreign official 125 1 97 4 3 8 2 1 0 Other 11,158 12 10,891 18 1 162 0 24 45 

Deferred availability cash items 1,643 68 0 252 198 136 77 101 46 Interest on Federal Reserve notes due

to U.S. Treasury15 -672 43 -1,635 75 61 221 122 96 24 

Other liabilities and accrued

dividends16 17,619 201 13,838 265 267 764 490 416 182 

Total liabilities 2,815,973 85,292 1,579,756 96,506 69,464 216,583 165,469 146,298 43,442 Capital

Capital paid in 25,836 921 7,718 2,359 1,975 5,563 1,471 742 226 Surplus 25,836 921 7,718 2,359 1,975 5,563 1,471 742 226 Other capital 0 0 0 0 0 0 0 0 0 

Total liabilities and capital 2,867,646 87,135 1,595,192 101,225 73,414 227,709 168,410 147,781 43,893 

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, July 27, 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

Jul 27, 2011 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,149,943

Less: Notes held by F.R. Banks not subject to collateralization 160,924

Federal Reserve notes to be collateralized 989,019

Collateral held against Federal Reserve notes 989,019

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 972,782

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,647,881

Less: Face value of securities under reverse repurchase agreements 61,038

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,586,843

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.