FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks July 21, 2011

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

Jul 20, 2011 Week ended

Jul 20, 2011

Change from week ended

Jul 13, 2011 Jul 21, 2010

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,854,859 - 4,244 + 539,171 2,855,494

Securities held outright1 2,651,436 - 794 + 590,202 2,652,311

U.S. Treasury securities 1,631,801 + 3,495 + 854,791 1,634,093

Bills2 18,423 0 0 18,423

Notes and bonds, nominal2 1,538,655 + 3,416 + 826,635 1,540,917

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

Inflation compensation3 9,203 + 79 + 3,764 9,232

Federal agency debt securities2 114,627 - 443 - 45,144 114,036

Mortgage-backed securities4 905,008 - 3,845 - 219,445 904,182

Repurchase agreements5 0 0 0 0

Loans 12,504 - 14 - 53,401 12,531

Primary credit 6 - 2 - 19 26

Secondary credit 0 0 - 1 0

Seasonal credit 76 + 10 - 3 83

Credit extended to American International

Group, Inc., net6 0 0 - 24,154 0

Term Asset-Backed Securities Loan Facility7 12,422 - 22 - 29,224 12,422

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 21,173 - 2,704 - 7,365 20,744

Net portfolio holdings of Maiden Lane II LLC10 11,454 + 3 - 4,096 11,461

Net portfolio holdings of Maiden Lane III LLC11 23,634 - 687 + 665 23,518

Net portfolio holdings of TALF LLC12 757 0 + 246 757

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC6 0 0 - 25,733 0

Float -1,075 + 105 + 596 -1,053

Central bank liquidity swaps13 0 0 - 1,246 0

Other Federal Reserve assets14 134,976 - 153 + 39,303 135,225

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 44,008 + 14 + 757 44,008

Total factors supplying reserve funds 2,915,108 - 4,230 + 539,928 2,915,742

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 20, 2011 Week ended

Jul 20, 2011

Change from week ended

Jul 13, 2011 Jul 21, 2010

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation15 1,028,352 - 1,864 + 85,322 1,029,334

Reverse repurchase agreements16 65,706 - 838 + 2,338 64,695

Foreign official and international accounts 65,706 - 838 + 2,338 64,695

Others 0 0 0 0

Treasury cash holdings 153 + 13 - 90 134

Deposits with F.R. Banks, other than reserve balances 111,353 + 41,092 - 148,272 125,150

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

U.S. Treasury, general account 90,719 + 40,380 + 39,412 96,422

U.S. Treasury, supplementary financing account 5,000 0 - 194,962 5,000

Foreign official 142 - 11 - 1,115 178

Service-related 2,530 - 2 + 61 2,530

Required clearing balances 2,530 - 2 + 61 2,530

Adjustments to compensate for float 0 0 0 0

Other 12,962 + 726 + 12,573 21,020

Funds from American International Group, Inc. asset

dispositions, held as agent6 0 0 0 0

Other liabilities and capital17 72,478 - 498 - 241 71,758

Total factors, other than reserve balances,

absorbing reserve funds 1,278,042 + 37,906 - 60,943 1,291,071

Reserve balances with Federal Reserve Banks 1,637,065 - 42,136 + 600,870 1,624,671

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 20, 2011 Week ended

Jul 20, 2011

Change from week ended

Jul 13, 2011 Jul 21, 2010

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,453,945 + 3,175 + 322,168 3,454,428

U.S. Treasury securities 2,719,889 + 5,061 + 416,382 2,721,855

Federal agency securities2 734,056 - 1,887 - 94,215 732,573

Securities lent to dealers 14,411 - 1,019 + 9,955 14,113

Overnight facility3 14,411 - 1,019 + 9,955 14,113

U.S. Treasury securities 13,808 - 832 + 10,508 13,538

Federal agency debt securities 603 - 187 - 553 575

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 20, 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 89 20 1,760 10,662 0 ... 12,531

U.S. Treasury securities2

Holdings 15,085 15,309 114,135 710,280 579,576 199,706 1,634,093

Weekly changes + 444 - 445 + 10,268 - 3,654 - 2,972 + 37 + 3,679

Federal agency debt securities3

Holdings 1,601 4,767 16,639 68,537 20,145 2,347 114,036

Weekly changes - 1,034 + 600 - 145 + 2,149 - 2,604 0 - 1,034

Mortgage-backed securities4

Holdings 0 0 0 16 23 904,143 904,182

Weekly changes 0 0 0 - 1 0 - 4,671 - 4,671

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 64,695 0 ... ... ... ... 64,695

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 20, 2011 Account name

Mortgage-backed securities held outright1 904,182

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 20, 2011 Account name

Net portfolio holdings of Maiden Lane LLC1 20,744

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 715

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 1,353

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 March 31, 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 20, 2011 Account name

Net portfolio holdings of Maiden Lane II LLC1 11,461

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 530

Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3 1,090

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 March 31, 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 20, 2011 Account name

Net portfolio holdings of Maiden Lane III LLC1 23,518

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 633

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 5,462

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 March 31, 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 20, 2011 Account name

Asset-backed securities holdings1 0

Other investments, net 757

Net portfolio holdings of TALF LLC 757

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 20, 2011

Change since

Wednesday

Jul 13, 2011

Wednesday

Jul 21, 2010

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,167 + 50 + 134

Securities, repurchase agreements, and loans 2,664,842 - 2,005 + 538,307

Securities held outright1 2,652,311 - 2,026 + 591,327

U.S. Treasury securities 1,634,093 + 3,679 + 857,080

Bills2 18,423 0 0

Notes and bonds, nominal2 1,540,917 + 3,600 + 828,897

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

Inflation compensation3 9,232 + 79 + 3,790

Federal agency debt securities2 114,036 - 1,034 - 45,345

Mortgage-backed securities4 904,182 - 4,671 - 220,408

Repurchase agreements5 0 0 0

Loans 12,531 + 21 - 53,020

Net portfolio holdings of Commercial Paper

Funding Facility LLC6 0 0 - 1

Net portfolio holdings of Maiden Lane LLC7 20,744 - 3,168 - 7,826

Net portfolio holdings of Maiden Lane II LLC8 11,461 + 8 - 4,095

Net portfolio holdings of Maiden Lane III LLC9 23,518 - 840 + 538

Net portfolio holdings of TALF LLC10 757 0 + 217

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC11 0 0 - 25,733

Items in process of collection (134) 264 0 - 94

Bank premises 2,201 + 2 - 30

Central bank liquidity swaps12 0 0 - 1,246

Other assets13 133,019 - 841 + 39,300

Total assets (134) 2,875,211 - 6,793 + 539,471

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 20, 2011

Change since

Wednesday

Jul 13, 2011

Wednesday

Jul 21, 2010

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 987,624 - 661 + 85,365

Reverse repurchase agreements14 64,695 - 357 + 3,228

Deposits (0) 1,749,817 - 5,432 + 451,508

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

Other deposits held by depository institutions 1,627,197 - 60,318 + 578,912

U.S. Treasury, general account 96,422 + 57,006 + 52,557

U.S. Treasury, supplementary financing account 5,000 0 - 194,962

Foreign official 178 + 17 - 1,270

Other (0) 21,020 - 2,137 + 20,512

Deferred availability cash items (134) 1,317 - 205 - 819

Other liabilities and accrued dividends15 20,085 - 137 + 5,355

Total liabilities (134) 2,823,538 - 6,792 + 544,638

Capital accounts

Capital paid in 25,836 - 1 - 825

Surplus 25,836 - 1 + 20

Other capital accounts 0 0 - 4,362

Total capital 51,673 - 1 - 5,167

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 20, 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 2,167 49 72 161 160 357 192 327 41 Securities, repurchase agreements,

and loans 2,664,842 65,211 1,245,862 90,861 71,664 306,315 197,185 157,521 50,223 

Securities held outright1 2,652,311 65,211 1,233,439 90,858 71,644 306,315 197,180 157,509 50,200 

U.S. Treasury securities 1,634,093 40,177 759,923 55,978 44,140 188,721 121,483 97,041 30,929 

Bills2 18,423 453 8,567 631 498 2,128 1,370 1,094 349 Notes and bonds3 1,615,670 39,724 751,356 55,346 43,643 186,593 120,113 95,947 30,580 

Federal agency debt securities2 114,036 2,804 53,032 3,906 3,080 13,170 8,478 6,772 2,158 

Mortgage-backed securities4 904,182 22,231 420,484 30,974 24,424 104,424 67,219 53,695 17,113 

Repurchase agreements5 0 0 0 0 0 0 0 0 0 Loans 12,531 0 12,424 3 20 0 6 12 22 

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 20,744 0 20,744 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane II LLC8 11,461 0 11,461 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane III LLC9 23,518 0 23,518 0 0 0 0 0 0 

Net portfolio holdings of TALF LLC10 757 0 757 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 398 25 0 71 107 5 22 38 6 Bank premises 2,201 123 256 68 137 236 214 207 136 Central bank liquidity swaps12 0 0 0 0 0 0 0 0 0 Other assets13 133,019 3,568 56,919 6,261 4,880 17,856 9,445 6,966 2,257 Interdistrict settlement account 0 - 10,549 + 281,332 + 3,592 - 8,501 - 113,177 - 44,820 - 9,930 - 8,624 - 

Total assets 2,875,345 59,013 1,646,605 101,656 69,134 212,877 164,285 156,407 44,508 

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 20, 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 1,148,038 43,132 384,901 47,007 54,964 94,834 139,317 90,331 34,146 

Less: Notes held by F.R. Banks 160,414 5,072 40,446 6,333 7,607 12,727 24,949 13,370 4,481 

Federal Reserve notes, net 987,624 38,060 344,455 40,674 47,358 82,106 114,367 76,960 29,664 

Reverse repurchase agreements14 64,695 1,591 30,086 2,216 1,748 7,472 4,810 3,842 1,224 

Deposits 1,749,817 17,211 1,241,142 53,502 15,544 111,180 41,500 73,504 12,908 

Term deposits held by depository

institutions 0 0 0 0 0 0 0 0 0 

Other deposits held by depository

institutions 1,627,197 17,206 1,118,879 53,481 15,540 110,922 41,498 73,479 12,883 

U.S. Treasury, general account 96,422 0 96,422 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 178 1 150 4 3 8 2 1 0 Other 21,020 4 20,691 18 1 250 0 25 25 

Deferred availability cash items 1,452 76 0 227 217 51 79 106 51 Interest on Federal Reserve notes due

to U.S. Treasury15 1,689 36 821 59 55 195 105 94 30 

Other liabilities and accrued

dividends16 18,396 197 14,666 259 264 747 484 414 180 

Total liabilities 2,823,672 57,171 1,631,169 96,937 65,185 201,751 161,345 154,921 44,058 Capital

Capital paid in 25,836 921 7,718 2,359 1,975 5,563 1,470 743 225 Surplus 25,836 921 7,718 2,359 1,975 5,563 1,470 743 225 Other capital 0 0 0 0 0 0 0 0 0 

Total liabilities and capital 2,875,345 59,013 1,646,605 101,656 69,134 212,877 164,285 156,407 44,508 

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 20, 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 20, 2011 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,148,038

Less: Notes held by F.R. Banks not subject to collateralization 160,414

Federal Reserve notes to be collateralized 987,624

Collateral held against Federal Reserve notes 987,624

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 971,387

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,652,311

Less: Face value of securities under reverse repurchase agreements 58,394

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,593,918

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.