FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks February 18, 2010

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

Feb 17, 2010 Week ended

Feb 17, 2010

Change from week ended

Feb 10, 2010 Feb 18, 2009

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,264,183 + 30,992 + 356,936 2,259,293

Securities held outright1 1,967,056 + 53,633 +1,396,637 1,967,699

U.S. Treasury securities 776,577 - 23 + 301,787 776,571

Bills2 18,423 0 0 18,423

Notes and bonds, nominal2 708,872 0 + 295,958 708,872

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

Inflation compensation3 5,506 - 23 + 1,429 5,499

Federal agency debt securities2 165,901 + 465 + 133,343 165,587

Mortgage-backed securities4 1,024,577 + 53,191 + 961,506 1,025,541

Repurchase agreements5 0 0 0 0

Term auction credit 15,426 - 23,105 - 432,137 15,426

Other loans 87,731 + 35 - 55,499 87,774

Primary credit 14,263 - 299 - 51,729 14,156

Secondary credit 900 0 + 896 900

Seasonal credit 0 - 1 - 3 0

Primary dealer and other broker-dealer credit6 0 0 - 26,001 0

Asset-Backed Commercial Paper Money Market

Mutual Fund Liquidity Facility 0 0 - 13,875 0

Credit extended to American International

Group, Inc., net7 25,524 - 118 - 11,831 25,535

Term Asset-Backed Securities Loan Facility, net8 47,043 + 453 + 47,043 47,182

Other credit extensions 0 0 0 0

Net portfolio holdings of Commercial Paper

Funding Facility LLC9 7,711 - 793 - 242,647 7,721

Net portfolio holdings of Maiden Lane LLC10 27,184 + 311 + 1,301 27,210

Net portfolio holdings of Maiden Lane II LLC11 15,481 + 219 - 3,150 15,487

Net portfolio holdings of Maiden Lane III LLC12 22,380 + 174 - 5,259 22,392

Net portfolio holdings of TALF LLC13 334 0 + 334 334

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC14 25,106 0 + 25,106 25,106

Float -1,889 + 55 + 14 -3,145

Central bank liquidity swaps15 14 - 86 - 379,673 0

Other Federal Reserve assets16 97,648 + 548 + 51,909 93,289

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding17 42,775 + 14 + 610 42,775

Total factors supplying reserve funds 2,323,199 + 31,006 + 360,546 2,318,309

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

Feb 17, 2010 Week ended

Feb 17, 2010

Change from week ended

Feb 10, 2010 Feb 18, 2009

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation17 931,872 + 5,895 + 34,247 933,367

Reverse repurchase agreements18 54,792 + 1,307 - 18,201 54,888

Foreign official and international accounts 54,792 + 1,307 - 18,201 54,888

Dealers 0 0 0 0

Treasury cash holdings 206 + 1 - 64 204

Deposits with F.R. Banks, other than reserve balances 65,980 - 26,315 - 186,623 60,910

U.S. Treasury, general account 46,480 - 33,382 + 15,398 49,702

U.S. Treasury, supplementary financing account 5,000 0 - 194,950 5,000

Foreign official 3,033 - 622 + 588 3,070

Service-related 2,747 - 5 - 1,726 2,747

Required clearing balances 2,747 - 5 - 1,726 2,747

Adjustments to compensate for float 0 0 0 0

Other 8,721 + 7,696 - 5,932 391

Other liabilities and capital19 69,622 + 3,441 + 19,391 66,544

Total factors, other than reserve balances,

absorbing reserve funds 1,122,472 - 15,671 - 151,249 1,115,914

Reserve balances with Federal Reserve Banks 1,200,727 + 46,677 + 511,795 1,202,395

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, net of

unamortized deferred administrative fees.

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, and accrued dividends on the Federal

Reserve Bank of New York’s preferred interests in AIA Aurora LLC and ALICO Holdings LLC.

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

Feb 17, 2010 Week ended

Feb 17, 2010

Change from week ended

Feb 10, 2010 Feb 18, 2009

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 2,958,963 + 2,830 + 382,854 2,957,221

U.S. Treasury securities 2,193,224 + 3,105 + 430,883 2,190,923

Federal agency securities2 765,739 - 275 - 48,029 766,298

Securities lent to dealers 5,451 + 974 - 115,962 5,996

Overnight facility3 5,451 + 974 - 682 5,996

U.S. Treasury securities 4,592 + 832 - 1,541 5,147

Federal agency debt securities 859 + 143 + 859 849

Term facility4 0 0 - 115,280 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, February 17, 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 0 15,426 ... ... ... ... 15,426

Other loans1 14,728 328 0 72,718 0 ... 87,774

U.S. Treasury securities2

Holdings 15,385 26,346 40,542 337,298 213,266 143,733 776,571

Weekly changes - 9,716 + 7,416 - 5,147 + 10,978 - 2,027 - 1,526 - 21

Federal agency debt securities3

Holdings 0 2,934 23,212 102,734 34,360 2,347 165,587

Weekly changes - 710 + 535 - 276 + 1,090 0 0 + 639

Mortgage-backed securities4

Holdings 0 0 0 18 21 1,025,503 1,025,541

Weekly changes 0 0 0 + 2 + 1 + 48,674 + 48,676

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 54,888 0 ... ... ... ... 54,888

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

Feb 17, 2010 Account name

Mortgage-backed securities held outright1 1,025,541

Commitments to buy mortgage-backed securities2 108,343

Commitments to sell mortgage-backed securities2 300

Cash and cash equivalents3 360

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

Feb 17, 2010 Account name

Net portfolio holdings of Maiden Lane LLC1 27,210

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 432

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 1,256

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

Feb 17, 2010 Account name

Net portfolio holdings of Maiden Lane II LLC1 15,487

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 15,207

Accrued interest payable to the Federal Reserve Bank of New York2 291

Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3 1,041

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

Feb 17, 2010 Account name

Net portfolio holdings of Maiden Lane III LLC1 22,392

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 17,367

Accrued interest payable to the Federal Reserve Bank of New York2 370

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 5,215

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

Feb 17, 2010 Account name

Commercial paper holdings, net1 2,846

Other investments, net 4,875

Net portfolio holdings of Commercial Paper Funding Facility LLC 7,721

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 0

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

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

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

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

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

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

of credit for businesses and households.
H.4.1

8. Information on Principal Accounts of TALF LLC

Millions of dollars

Wednesday

Feb 17, 2010 Account name

Asset-backed securities holdings1 0

Other investments, net 334

Net portfolio holdings of TALF LLC 334

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

Feb 17, 2010 Account name

Preferred interests in AIA Aurora LLC and ALICO Holdings LLC1 25,106

Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC2 165

Preferred interests in AIA Aurora LLC1 16,068

Accrued dividends on preferred interests in AIA Aurora LLC2 106

Preferred interests in ALICO Holdings LLC1 9,038

Accrued dividends on preferred interests in ALICO Holdings LLC2 59

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

Feb 17, 2010

Change since

Wednesday

Feb 10, 2010

Wednesday

Feb 18, 2009

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

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

Coin 2,192 - 31 + 306

Securities, repurchase agreements, term auction

credit, and other loans 2,070,898 + 26,258 + 909,217

Securities held outright1 1,967,699 + 49,294 +1,394,074

U.S. Treasury securities 776,571 - 21 + 301,815

Bills2 18,423 0 0

Notes and bonds, nominal2 708,872 0 + 295,958

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

Inflation compensation3 5,499 - 22 + 1,457

Federal agency debt securities2 165,587 + 639 + 132,010

Mortgage-backed securities4 1,025,541 + 48,676 + 960,249

Repurchase agreements5 0 0 0

Term auction credit 15,426 - 23,105 - 432,137

Other loans 87,774 + 70 - 52,719

Net portfolio holdings of Commercial Paper

Funding Facility LLC6 7,721 + 13 - 240,950

Net portfolio holdings of Maiden Lane LLC7 27,210 + 30 + 1,293

Net portfolio holdings of Maiden Lane II LLC8 15,487 + 7 - 3,153

Net portfolio holdings of Maiden Lane III LLC9 22,392 + 13 - 5,282

Net portfolio holdings of TALF LLC10 334 0 + 334

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC11 25,106 0 + 25,106

Items in process of collection (361) 62 - 413 - 1,416

Bank premises 2,241 + 2 + 54

Central bank liquidity swaps12 0 - 100 - 375,005

Other assets13 91,071 - 4,777 + 50,411

Total assets (361) 2,280,952 + 21,003 + 363,916

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

Feb 17, 2010

Change since

Wednesday

Feb 10, 2010

Wednesday

Feb 18, 2009

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 892,985 + 3,893 + 34,497

Reverse repurchase agreements14 54,888 + 1,751 - 15,916

Deposits (0) 1,263,328 + 20,066 + 330,641

Depository institutions 1,205,165 + 41,568 + 496,035

U.S. Treasury, general account 49,702 - 18,380 + 29,201

U.S. Treasury, supplementary financing account 5,000 0 - 194,950

Foreign official 3,070 + 281 + 293

Other (0) 391 - 3,403 + 62

Deferred availability cash items (361) 3,207 + 830 - 1,476

Other liabilities and accrued dividends15 14,018 - 5,239 + 5,338

Total liabilities (361) 2,228,425 + 21,299 + 353,082

Capital accounts

Capital paid in 25,765 + 88 + 3,663

Surplus 25,223 - 6 + 5,717

Other capital accounts 1,539 - 378 + 1,453

Total capital 52,527 - 296 + 10,833

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, and accrued dividends on the Federal

Reserve Bank of New York’s preferred interests in AIA Aurora LLC and ALICO Holdings LLC.

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, February 17, 2010Millions of dollars

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

Assets, liabilities, and capital

AssetsGold 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 2,192 73 82 174 164 314 218 336 35 Securities, repurchase agreements, term

auction credit, and other loans 2,070,898 37,852 866,831 31,031 77,849 71,350 237,840 213,983 77,282 

Securities held outright1 1,967,699 37,747 769,125 30,527 77,740 70,910 237,081 212,926 77,087 

U.S. Treasury securities 776,571 14,897 303,542 12,048 30,681 27,985 93,566 84,033 30,423 

Bills2 18,423 353 7,201 286 728 664 2,220 1,994 722 

Notes and bonds3 758,148 14,544 296,341 11,762 29,953 27,321 91,346 82,040 29,701 

Federal agency debt securities2 165,587 3,176 64,724 2,569 6,542 5,967 19,951 17,918 6,487 

Mortgage-backed securities4 1,025,541 19,673 400,859 15,910 40,517 36,957 123,564 110,975 40,177 

Repurchase agreements5 0 0 0 0 0 0 0 0 0 Term auction credit 15,426 25 10,571 456 109 363 678 794 183 Other loans 87,774 81 87,135 48 0 77 81 262 12 

Net portfolio holdings of Commercial

Paper Funding Facility LLC6 7,721 0 7,721 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane LLC7 27,210 0 27,210 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane II LLC8 15,487 0 15,487 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane III LLC9 22,392 0 22,392 0 0 0 0 0 0 

Net portfolio holdings of TALF LLC10 334 0 334 0 0 0 0 0 0 

Preferred interests in AIA Aurora LLC

and ALICO Holdings LLC11 25,106 0 25,106 0 0 0 0 0 0 

Items in process of collection 423 29 0 64 174 11 3 33 15 Bank premises 2,241 121 260 71 144 238 221 208 135 Central bank liquidity swaps12 0 0 0 0 0 0 0 0 0 Other assets13 91,071 2,216 33,171 3,780 4,461 9,458 9,417 7,653 2,827 Interdistrict settlement account 0 + 6,024 + 126,907 + 43,856 - 26,689 + 202,940 - 92,122 - 101,884 - 36,434 - Total assets 2,281,313 46,924 1,131,214 79,636 56,807 285,604 157,587 121,664 44,339 

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, February 17, 2010 (continued)Millions of dollars

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

Assets, liabilities, and capital

LiabilitiesFederal Reserve notes outstanding 1,079,261 35,420 396,409 38,365 44,551 81,885 138,012 85,195 32,765 

Less: Notes held by F.R. Banks 186,276 4,347 67,432 5,405 7,452 9,778 32,952 11,497 3,556 

Federal Reserve notes, net 892,985 31,074 328,977 32,960 37,098 72,107 105,060 73,698 29,208 

Reverse repurchase agreements14 54,888 1,053 21,454 852 2,169 1,978 6,613 5,939 2,150 

Deposits 1,263,328 12,585 755,757 39,874 12,645 196,852 41,360 39,564 12,046 

Depository institutions 1,205,165 12,549 697,762 39,870 12,641 196,754 41,358 39,555 12,039 U.S. Treasury, general account 49,702 0 49,702 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 3,070 1 3,042 4 3 11 2 1 0 Other 391 35 250 0 1 87 0 8 7 

Deferred availability cash items 3,569 103 0 367 675 112 377 280 103 Other liabilities and accrued

dividends15 14,018 200 9,325 212 332 519 805 722 296 

Total liabilities 2,228,786 45,015 1,115,513 74,265 52,919 271,568 154,216 120,204 43,803 CapitalCapital paid in 25,765 944 7,530 2,802 1,921 7,125 1,599 647 236 Surplus 25,223 944 7,486 2,569 1,910 6,911 1,581 620 240 Other capital 1,539 20 685 0 56 0 191 193 60 Total liabilities and capital 2,281,313 46,924 1,131,214 79,636 56,807 285,604 157,587 121,664 44,339 

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, February 17, 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, and accrued dividends on the Federal Reserve Ba

in AIA Aurora LLC and ALICO Holdings LLC.

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

Feb 17, 2010 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,079,261

Less: Notes held by F.R. Banks not subject to collateralization 186,276

Federal Reserve notes to be collateralized 892,985

Collateral held against Federal Reserve notes 892,985

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 876,748

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 1,967,699

Less: Face value of securities under reverse repurchase agreements 53,958

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,913,740

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.