FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                                 July 8, 2010
 
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                         Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended   Change from week ended    Jul 7, 2010
Federal Reserve Banks                                      Jul 7, 2010 Jun 30, 2010  Jul 8, 2009
 
Reserve Bank credit                                        2,314,607   -    1,655   +  337,166    2,313,844
  Securities held outright (1)                             2,060,028   -    1,473   +  831,263    2,060,049
    U.S. Treasury securities                                 776,994   +       12   +  108,505      776,997
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                           712,023            0   +  109,812      712,023
      Notes and bonds, inflation-indexed (2)                  41,125            0   -    1,678       41,125
      Inflation compensation (3)                               5,423   +       13   +      371        5,426
    Federal agency debt securities (2)                       164,762   -      487   +   66,934      164,762
    Mortgage-backed securities (4)                         1,118,272   -      999   +  655,823    1,118,290
  Repurchase agreements (5)                                        0            0            0            0
  Term auction credit                                              0            0   -  273,706            0
  Other loans                                                 67,032   -      815   -   49,335       66,925
    Primary credit                                                41   -      121   -   34,925           17
    Secondary credit                                               1   -       78   +        1            0
    Seasonal credit                                               69   -        1   -        1           70
    Asset-Backed Commercial Paper Money Market
       Mutual Fund Liquidity Facility                              0            0   -   12,610            0
    Credit extended to American International
       Group, Inc., net (6)                                   24,570   -      287   -   19,192       24,560
    Term Asset-Backed Securities Loan Facility (7)            42,352   -      329   +   17,393       42,278
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (8)                                      1            0   -  114,161            1
  Net portfolio holdings of Maiden Lane LLC (9)               28,502   +       73   +    2,572       28,526
  Net portfolio holdings of Maiden Lane II LLC (10)           15,732   +       19   -      192       15,545
  Net portfolio holdings of Maiden Lane III LLC (11)          23,168   -       32   +    3,664       22,925
  Net portfolio holdings of TALF LLC (12)                        506            0   +      506          506
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (13)                                        25,733   +      272   +   25,733       25,733
  Float                                                       -1,974   -      310   +      215       -2,759
  Central bank liquidity swaps (14)                            1,245            0   -  108,193        1,245
  Other Federal Reserve assets (15)                           94,634   +      612   +   18,800       95,148
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0   +    3,000        5,200
Treasury currency outstanding (16)                            43,182   +       14   +      717       43,182

Total factors supplying reserve funds                      2,374,030   -    1,641   +  340,883    2,373,267
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                         Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended   Change from week ended    Jul 7, 2010
Federal Reserve Banks                                      Jul 7, 2010 Jun 30, 2010  Jul 8, 2009
 
Currency in circulation (16)                                 947,799   +    6,426   +   35,809      948,680
Reverse repurchase agreements (17)                            65,246   +      322   -    4,936       62,904
  Foreign official and international accounts                 65,246   +      322   -    4,936       62,904
  Dealers                                                          0            0            0            0
Treasury cash holdings                                           235   +        6   -      106          246
Deposits with F.R. Banks, other than reserve balances        241,602   -   11,891   -    2,713      233,272
  Term deposits held by depository institutions                2,122   +      970   +    2,122        2,122
  U.S. Treasury, general account                              25,984   -   14,128   -    8,216       16,475
  U.S. Treasury, supplementary financing account             199,963   -        2   +       24      199,963
  Foreign official                                             1,618   -      171   -      962        1,646
  Service-related                                              2,472   -        3   -    1,717        2,472
    Required clearing balances                                 2,472   -        3   -    1,717        2,472
    Adjustments to compensate for float                            0            0            0            0
  Other                                                        9,442   +    1,444   +    6,034       10,593
Other liabilities and capital (18)                            72,118   -      238   +   17,327       71,512

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,327,000   -    5,376   +   45,381    1,316,615

Reserve balances with Federal Reserve Banks                1,047,031   +    3,736   +  295,503    1,056,652
 
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 outstanding principal and capitalized interest net of unamortized deferred commitment fees and
   allowance for loan restructuring. Excludes credit extended to consolidated LLCs.
7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term
   Asset-Backed Securities Loan Facility.
8. Refer to table 7 and the note on consolidation accompanying table 11.
9.  Refer to table 4 and the note on consolidation accompanying table 11.
10. Refer to table 5 and the note on consolidation accompanying table 11.
11. Refer to table 6 and the note on consolidation accompanying table 11.
12. Refer to table 8 and the note on consolidation accompanying table 11.
13. Refer to table 9.
14. 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.
15. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange
    rates, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests in AIA
    Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to
    eligible borrowers through the Term Asset-Backed Securities Loan Facility.
16. Estimated.
17. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt
    securities.
18. 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.

 
1A. Memorandum Items
Millions of dollars
                                                                Averages of daily figures         Wednesday  
                                                           Week ended   Change from week ended    Jul 7, 2010
Memorandum item                                            Jul 7, 2010 Jun 30, 2010  Jul 8, 2009
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,100,496   +    2,796   +  313,809    3,102,236
  U.S. Treasury securities                                 2,277,956   +    5,006   +  295,991    2,279,312
  Federal agency securities (2)                              822,540   -    2,210   +   17,818      822,924
Securities lent to dealers                                     7,041   -      239   -    3,101        6,707
  Overnight facility (3)                                       7,041   -      239   +    1,149        6,707
    U.S. Treasury securities                                   5,125   -      521   -      767        4,822
    Federal agency debt securities                             1,916   +      283   +    1,916        1,885
  Term facility (4)                                                0            0   -    4,250            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 Securities, Loans, and  Selected Other Assets and Liabilities,       July 7, 2010
Millions of dollars
                                       Within 15    16 days to   91 days to  Over 1 year  Over 5 years    Over 10        All     
Remaining maturity                        days       90 days       1 year     to 5 years   to 10 years     years    
 
Other loans (1)                               29           59            0       66,838            0           ...       66,925
U.S. Treasury securities (2)
  Holdings                                12,508       20,437       52,950      332,053      215,213       143,837      776,997
  Weekly changes                      -    3,520   +    6,671   -    3,149   +        2   +        2    +        3   +        8
Federal agency debt securities (3)
  Holdings                                 5,381        5,276       39,035       79,175       33,548         2,347      164,762
  Weekly changes                      +    2,730   -    2,730   +    1,634   -    1,634            0             0            0
Mortgage-backed securities (4)
  Holdings                                     0            0            0           31           20     1,118,239    1,118,290
  Weekly changes                               0            0            0   +        1   +        1    +      162   +      163
Commercial paper held by
   Commercial Paper Funding
   Facility LLC (5)                            0            0            0          ...          ...           ...            0
Asset-backed securities held by
   TALF LLC (6)                                0            0            0            0            0             0            0
Repurchase agreements (7)                      0            0          ...          ...          ...           ...            0
Central bank liquidity swaps (8)               0        1,245            0            0            0             0        1,245

Reverse repurchase agreements (7)         62,904            0          ...          ...          ...           ...       62,904
Term deposits                                  0        2,122            0          ...          ...           ...        2,122
 
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.
8. 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.

 
3. Supplemental Information on Mortgage-Backed Securities Purchase Program
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                            Jul 7, 2010 
 
Mortgage-backed securities held outright (1)                                                                           1,118,290

Commitments to buy mortgage-backed securities (2)                                                                         24,021
Commitments to sell mortgage-backed securities (2)                                                                         8,500

Cash and cash equivalents (3)                                                                                                324
 
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   
Account name                                                                                                            Jul 7, 2010 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                             28,526

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 28,820
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         516
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,282
 
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, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 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   
Account name                                                                                                            Jul 7, 2010 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                          15,545

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 14,089
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         365
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                    1,054
 
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, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 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.

 
6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                            Jul 7, 2010 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         22,925

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 15,469
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         452
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,281
 
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, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 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   
Account name                                                                                                            Jul 7, 2010 
 
Commercial paper holdings, net (1)                                                                                             0
Other investments, net                                                                                                         1
Net portfolio holdings of Commercial Paper Funding Facility LLC                                                                1

Memorandum: Commercial paper holdings, face value                                                                              0

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                      0
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                           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.

 
8. Information on Principal Accounts of TALF LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                            Jul 7, 2010 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       506
Net portfolio holdings of TALF LLC                                                                                           506

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                      0
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                           0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3)                                        104
 
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   
Account name                                                                                                            Jul 7, 2010 
 
Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (1)                                                          25,733
Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC (2)                                         25

Preferred interests in AIA Aurora LLC (1)                                                                                 16,469
Accrued dividends on preferred interests in AIA Aurora LLC (2)                                                                16

Preferred interests in ALICO Holdings LLC (1)                                                                              9,264
Accrued dividends on preferred interests in ALICO Holdings LLC (2)                                                             9
 
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.

 
10. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation    Jul 7, 2010   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Jun 30, 2010  Jul 8, 2009
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0   +    3,000
  Coin                                                                       1,958    -       17   +      181
  Securities, repurchase agreements, term auction
     credit, and other loans                                             2,126,975    -      728   +  507,005
    Securities held outright (1)                                         2,060,049    +      171   +  826,268
      U.S. Treasury securities                                             776,997    +        8   +  103,497
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                       712,023             0   +  104,812
        Notes and bonds, inflation-indexed (2)                              41,125             0   -    1,678
        Inflation compensation (3)                                           5,426    +        9   +      363
      Federal agency debt securities (2)                                   164,762             0   +   66,934
      Mortgage-backed securities (4)                                     1,118,290    +      163   +  655,837
    Repurchase agreements (5)                                                    0             0            0
    Term auction credit                                                          0             0   -  273,706
    Other loans                                                             66,925    -      900   -   45,557
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (6)                                                    1             0   -  112,893
  Net portfolio holdings of Maiden Lane LLC (7)                             28,526    +       28   +    2,571
  Net portfolio holdings of Maiden Lane II LLC (8)                          15,545    -      218   -      197
  Net portfolio holdings of Maiden Lane III LLC (9)                         22,925    -      283   +    4,146
  Net portfolio holdings of TALF LLC (10)                                      506             0   +      506
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (11)                                                      25,733             0   +   25,733
  Items in process of collection                             (97)              666    +      402   +      295
  Bank premises                                                              2,230    -        5   +       31
  Central bank liquidity swaps (12)                                          1,245             0   -  107,899
  Other assets (13)                                                         92,911    +    1,983   +   18,391

Total assets                                                 (97)        2,335,457    +    1,161   +  340,869
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
10. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation    Jul 7, 2010   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Jun 30, 2010  Jul 8, 2009
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                         907,698    +    3,568   +   34,942
  Reverse repurchase agreements (14)                                        62,904    -    4,319   -    4,940
  Deposits                                                    (0)        1,289,917    +      118   +  293,925
    Term deposits held by depository institutions                            2,122    +      970   +    2,122
    Other deposits held by depository institutions                       1,059,117    +   86,780   +  309,963
    U.S. Treasury, general account                                          16,475    -   71,140   -   20,435
    U.S. Treasury, supplementary financing account                         199,963    -        2   +       24
    Foreign official                                                         1,646    +      432   -    1,387
    Other                                                     (0)           10,593    -   16,923   +    3,636
  Deferred availability cash items                           (97)            3,426    +    1,214   +      723
  Other liabilities and accrued dividends (15)                              14,578    -      151   +    8,807

Total liabilities                                            (97)        2,278,523    +      429   +  333,456

Capital accounts
  Capital paid in                                                           26,660    +       40   +    2,149
  Surplus                                                                   25,804    +        6   +    4,531
  Other capital accounts                                                     4,470    +      686   +      733

Total capital                                                               56,934    +      732   +    7,413
 
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to
   table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
   securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
   remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 7 and the note on consolidation accompanying table 11.
7. Refer to table 4 and the note on consolidation accompanying table 11.
8. Refer to table 5 and the note on consolidation accompanying table 11.
9.  Refer to table 6 and the note on consolidation accompanying table 11.
10. Refer to table 8 and the note on consolidation accompanying table 11.
11. Refer to table 9.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
    the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange
    rate used when the foreign currency was acquired from the foreign central bank.
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates,
    accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests in AIA Aurora LLC
    and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers
    through the Term Asset-Backed Securities Loan Facility.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt
    securities.
15. Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC,
    Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including
    liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table
    8 and the note on consolidation accompanying table 11.


 
11. Statement of Condition of Each Federal Reserve Bank,       July 7, 2010
Millions of dollars
                                               Total      Boston     New York   Philadelphia Cleveland   Richmond     Atlanta     Chicago    St. Louis  Minneapolis   Kansas      Dallas        San    
Assets, liabilities, and capital                                                                                                                                       City                  Francisco 
 
Assets
  Gold certificate account                      11,037         369       4,038         404         463         846       1,385         887         324         203         296         652       1,170
  Special drawing rights certificate acct.       5,200         196       1,818         210         237         412         654         424         150          90         153         282         574
  Coin                                           1,958          65          71         152         141         287         183         307          25          59         139         196         333
  Securities, repurchase agreements,
     term auction credit, and other
     loans                                   2,126,975      52,133     907,447      48,108      69,992     234,629     194,949     155,309      53,082      28,229      70,670      86,508     225,918
    Securities held outright (1)             2,060,049      52,133     840,609      48,108      69,992     234,617     194,938     155,300      53,063      28,202      70,668      86,502     225,918
      U.S. Treasury securities                 776,997      19,663     317,056      18,145      26,399      88,492      73,525      58,575      20,014      10,637      26,654      32,626      85,210
        Bills (2)                               18,423         466       7,517         430         626       2,098       1,743       1,389         475         252         632         774       2,020
        Notes and bonds (3)                    758,574      19,197     309,538      17,715      25,773      86,393      71,782      57,186      19,540      10,385      26,022      31,853      83,190
      Federal agency debt securities (2)       164,762       4,170      67,232       3,848       5,598      18,765      15,591      12,421       4,244       2,256       5,652       6,918      18,069
      Mortgage-backed securities (4)         1,118,290      28,300     456,322      26,115      37,995     127,361     105,821      84,304      28,805      15,309      38,362      46,958     122,639
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Term auction credit                              0           0           0           0           0           0           0           0           0           0           0           0           0
    Other loans                                 66,925           0      66,838           0           0          12          11          10          19          27           2           6           0
  Net portfolio holdings of Commercial
     Paper Funding Facility LLC (6)                  1           0           1           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane LLC (7)                               28,526           0      28,526           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (8)                            15,545           0      15,545           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (9)                           22,925           0      22,925           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (10)          506           0         506           0           0           0           0           0           0           0           0           0           0
  Preferred interests in AIA Aurora LLC
     and ALICO Holdings LLC (11)                25,733           0      25,733           0           0           0           0           0           0           0           0           0           0
  Items in process of collection                   763          29          48         105          98          15         157         112          11          26          27          82          55
  Bank premises                                  2,230         123         258          70         142         237         219         210         135         109         266         248         212
  Central bank liquidity swaps (12)              1,245          46         361         136          93         347          77          30          12          35          10          17          82
  Other assets (13)                             92,911       2,645      35,140       4,299       4,132      14,575       7,957       5,699       2,006       1,639       2,544       3,212       9,062
  Interdistrict settlement account                   0   -   4,360   + 103,132   +  15,328   -  13,914   +  32,540   -  46,006   -  43,028   -  15,471   +  12,973   -  21,653   -   6,840   -  12,700

Total assets                                 2,335,553      51,246   1,145,549      68,812      61,383     283,889     159,574     119,950      40,273      43,363      52,451      84,358     224,706
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
11. Statement of Condition of Each Federal Reserve Bank,       July 7, 2010 (continued)
Millions of dollars
                                               Total      Boston     New York   Philadelphia Cleveland   Richmond     Atlanta     Chicago    St. Louis  Minneapolis   Kansas      Dallas        San    
Assets, liabilities, and capital                                                                                                                                       City                  Francisco 
 
Liabilities
  Federal Reserve notes outstanding          1,103,141      35,197     399,364      39,337      44,461      85,249     139,821      86,008      31,946      19,732      29,521      71,090     121,414
    Less: Notes held by F.R. Banks             195,444       3,830      76,154       5,176       9,226      13,367      28,007      11,641       4,371       4,022       3,102      11,587      24,960
      Federal Reserve notes, net               907,698      31,367     323,210      34,161      35,235      71,882     111,814      74,367      27,575      15,710      26,419      59,503      96,454
  Reverse repurchase agreements (14)            62,904       1,592      25,668       1,469       2,137       7,164       5,952       4,742       1,620         861       2,158       2,641       6,898
  Deposits                                   1,289,917      16,032     769,744      26,898      19,353     191,067      37,670      38,629      10,251      24,591      23,008      20,865     111,808
    Term deposits held by depository
       institutions                              2,122          24         931           0          13          52          28          19          56           6           6          14         973
    Other deposits held by depository
       institutions                          1,059,117      15,983     540,259      26,893      19,337     190,966      37,640      38,580      10,194      24,584      23,000      20,850     110,831
    U.S. Treasury, general account              16,475           0      16,475           0           0           0           0           0           0           0           0           0           0
    U.S. Treasury, supplementary
       financing account                       199,963           0     199,963           0           0           0           0           0           0           0           0           0           0
    Foreign official                             1,646           1       1,618           4           3          11           2           1           0           1           0           1           3
    Other                                       10,593          24      10,498           0           0          38           0          29           1           0           1           0           2
  Deferred availability cash items               3,522         142           0         386         494         166         293         377         130         425         191         212         706
  Other liabilities and accrued
     dividends (15)                             14,578         199      10,797         203         251         733         557         455         198         137         203         279         566

Total liabilities                            2,278,619      49,332   1,129,419      63,118      57,471     271,012     156,286     118,571      39,775      41,724      51,978      83,502     216,433

Capital
  Capital paid in                               26,660         916       7,626       2,807       1,918       5,440       1,545         642         217         804         212         396       4,137
  Surplus                                       25,804         945       7,601       2,803       1,911       7,141       1,581         620         239         712         210         353       1,688
  Other capital                                  4,470          52         902          84          83         296         162         118          42         123          52         107       2,449

Total liabilities and capital                2,335,553      51,246   1,145,549      68,812      61,383     283,889     159,574     119,950      40,273      43,363      52,451      84,358     224,706
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

11. Statement of Condition of Each Federal Reserve Bank,       July 7, 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 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 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 central bank. This exchange rate equals
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests
    in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt securities.
15. Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New
    York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 8 and the note on consolidation below.


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 Reserve Act. On June 26, 2008, a loan was
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 Commercial Paper Funding Facility LLC, which was
formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase
multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan
was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American
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 and manage any asset-backed 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 Facility.

The FRBNY is the sole beneficiary of Commercial Paper Funding Facility LLC. The 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 responsible for directing the financial activities of TALF 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 majority of any residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs 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 the consolidation, the extensions of credit
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 liabilities of the LLCs to entities other than the
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).

 
12. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
                                                                                            Wednesday   
Federal Reserve notes and collateral                                                        Jul 7, 2010 
 
Federal Reserve notes outstanding                                                          1,103,141
  Less: Notes held by F.R. Banks not subject to collateralization                            195,444
    Federal Reserve notes to be collateralized                                               907,698
Collateral held against Federal Reserve notes                                                907,698
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   891,461
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,060,049
  Less: Face value of securities under reverse repurchase agreements                          61,484
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      1,998,565
 
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.