FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks March 25, 2010

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

Mar 24, 2010 Week ended

Mar 24, 2010

Change from week ended

Mar 17, 2010 Mar 25, 2009

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,297,835 + 5,374 + 246,857 2,295,722

Securities held outright1 2,017,660 + 6,161 +1,257,168 2,017,955

U.S. Treasury securities 776,653 + 38 + 301,922 776,667

Bills2 18,423 0 0 18,423

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

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

Inflation compensation3 5,581 + 38 + 1,564 5,595

Federal agency debt securities2 167,488 - 564 + 118,692 167,488

Mortgage-backed securities4 1,073,519 + 6,687 + 836,555 1,073,800

Repurchase agreements5 0 0 0 0

Term auction credit 3,410 0 - 465,179 3,410

Other loans 84,511 - 809 - 49,829 82,249

Primary credit 10,750 - 739 - 52,032 8,955

Secondary credit 600 0 + 600 600

Seasonal credit 6 - 3 + 3 5

Primary dealer and other broker-dealer credit6 0 0 - 20,089 0

Asset-Backed Commercial Paper Money Market

Mutual Fund Liquidity Facility 0 0 - 7,179 0

Credit extended to American International

Group, Inc., net7 25,183 + 200 - 18,431 25,259

Term Asset-Backed Securities Loan Facility, net8 47,972 - 267 + 47,299 47,430

Other credit extensions 0 0 0 0

Net portfolio holdings of Commercial Paper

Funding Facility LLC9 7,767 + 8 - 233,035 7,776

Net portfolio holdings of Maiden Lane LLC10 27,291 + 21 + 1,068 27,317

Net portfolio holdings of Maiden Lane II LLC11 15,339 + 7 - 3,101 15,343

Net portfolio holdings of Maiden Lane III LLC12 22,136 + 16 - 5,495 22,142

Net portfolio holdings of TALF LLC13 400 + 28 + 400 404

Preferred interests in AIA Aurora LLC and ALICO

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

Float -1,620 + 210 + 532 -1,960

Central bank liquidity swaps15 0 0 - 327,692 0

Other Federal Reserve assets16 95,836 - 267 + 46,916 95,980

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding17 42,825 + 14 + 574 42,825

Total factors supplying reserve funds 2,356,901 + 5,388 + 250,431 2,354,788

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

1. Factors Affecting Reserve Balances of Depository Institutions (continued)

Millions of dollars

Averages of daily figures Wednesday

Mar 24, 2010 Week ended

Mar 24, 2010

Change from week ended

Mar 17, 2010 Mar 25, 2009

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation17 932,694 - 154 + 30,670 933,542

Reverse repurchase agreements18 56,412 + 163 - 8,766 54,719

Foreign official and international accounts 56,412 + 163 - 8,766 54,719

Dealers 0 0 0 0

Treasury cash holdings 218 + 15 - 92 224

Deposits with F.R. Banks, other than reserve balances 173,085 + 4,681 - 114,567 155,830

U.S. Treasury, general account 67,603 + 15,436 - 10,480 50,104

U.S. Treasury, supplementary financing account 99,983 + 24,995 - 99,952 99,983

Foreign official 2,417 - 333 + 554 2,420

Service-related 2,693 0 - 1,771 2,693

Required clearing balances 2,693 0 - 1,771 2,693

Adjustments to compensate for float 0 0 0 0

Other 388 - 35,418 - 2,919 629

Other liabilities and capital19 67,068 - 1,387 + 11,471 65,742

Total factors, other than reserve balances,

absorbing reserve funds 1,229,477 + 3,319 - 81,284 1,210,056

Reserve balances with Federal Reserve Banks 1,127,424 + 2,069 + 331,715 1,144,732

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

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

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

the underlying mortgages.

5. Cash value of agreements.

6. Includes credit extended through the Primary Dealer Credit Facility and credit extended to certain other broker-dealers.

7. Includes outstanding principal and capitalized interest net of unamortized deferred commitment fees and allowance for loan restructuring.

Excludes credit extended to consolidated LLCs.

8. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility, net of

unamortized deferred administrative fees.

9. Refer to table 7 and the note on consolidation accompanying table 11.

10.Refer to table 4 and the note on consolidation accompanying table 11.

11.Refer to table 5 and the note on consolidation accompanying table 11.

12.Refer to table 6 and the note on consolidation accompanying table 11.

13.Refer to table 8 and the note on consolidation accompanying table 11.

14.Refer to table 9.

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

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

foreign central bank.

16.Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, and accrued dividends on the Federal

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

17.Estimated.

18.Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt securities.

19.Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities

other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4

through table 8 and the note on consolidation accompanying table 11.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
H.4.1

1A. Memorandum Items

Millions of dollars

Averages of daily figures Wednesday

Mar 24, 2010 Week ended

Mar 24, 2010

Change from week ended

Mar 17, 2010 Mar 25, 2009

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,012,512 + 15,819 + 417,788 3,014,101

U.S. Treasury securities 2,239,871 + 13,271 + 456,905 2,240,857

Federal agency securities2 772,641 + 2,548 - 39,117 773,243

Securities lent to dealers 4,199 - 1,023 - 89,208 3,748

Overnight facility3 4,199 - 1,023 + 1,057 3,748

U.S. Treasury securities 3,214 - 1,047 + 72 2,597

Federal agency debt securities 985 + 24 + 985 1,151

Term facility4 0 0 - 90,264 0

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

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

2. Includes debt and mortgage-backed securities.

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

4. U.S. Treasury securities only. Fully collateralized by U.S. Treasury securities, federal agency securities, and other highly rated debt securities.

2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, March 24, 2010

Millions of dollars

Within 15

days

16 days to

90 days

91 days to

1 year

Over 1 year

to 5 years

Over 5 years

to 10 years

Over 10

years

Remaining maturity All

Term auction credit 3,410 0 ... ... ... ... 3,410

Other loans1 9,146 414 0 72,689 0 ... 82,249

U.S. Treasury securities2

Holdings 18,633 22,190 43,618 333,977 214,323 143,926 776,667

Weekly changes + 2,157 - 2,153 + 1 + 10 + 9 + 15 + 38

Federal agency debt securities3

Holdings 0 3,374 33,119 94,118 34,530 2,347 167,488

Weekly changes 0 + 592 + 6,907 - 7,499 0 0 0

Mortgage-backed securities4

Holdings 0 0 0 34 21 1,073,746 1,073,800

Weekly changes 0 0 0 + 3 0 + 7,358 + 7,360

Commercial paper held by

Commercial Paper Funding

Facility LLC5 0 2,966 0 ... ... ... 2,966

Asset-backed securities held by

TALF LLC6 0 0 0 0 0 0 0

Repurchase agreements7 0 0 ... ... ... ... 0

Reverse repurchase agreements7 54,719 0 ... ... ... ... 54,719

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

. . . Not applicable.

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

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

consistent with consolidation under generally accepted accounting principles.

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

original face value of such securities.

3. Face value.

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

underlying mortgages.

5. Face value of commercial paper held by Commercial Paper Funding Facility LLC.

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

7. Cash value of agreements.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities Purchase Program

Millions of dollars

Wednesday

Mar 24, 2010 Account name

Mortgage-backed securities held outright1 1,073,800

Commitments to buy mortgage-backed securities2 97,955

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 129

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

Mar 24, 2010 Account name

Net portfolio holdings of Maiden Lane LLC1 27,317

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 28,820

Accrued interest payable to the Federal Reserve Bank of New York2 453

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 1,263

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2009. Any assets purchased after

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

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

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

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

table 10 and table 11.

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

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

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

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

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

FRBNY.

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Wednesday

Mar 24, 2010 Account name

Net portfolio holdings of Maiden Lane II LLC1 15,343

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 14,970

Accrued interest payable to the Federal Reserve Bank of New York2 309

Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3 1,044

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2009. Any assets purchased after

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

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

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

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

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

included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 10 and table 11.

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

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

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

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

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

FRBNY and AIG subsidiaries.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday

Mar 24, 2010 Account name

Net portfolio holdings of Maiden Lane III LLC1 22,142

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 16,929

Accrued interest payable to the Federal Reserve Bank of New York2 390

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 5,231

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2009. Any assets purchased after

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

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

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

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

table 10 and table 11.

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

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

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

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

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

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

AIG.

7. Information on Principal Accounts of Commercial Paper Funding Facility LLC

Millions of dollars

Wednesday

Mar 24, 2010 Account name

Commercial paper holdings, net1 2,903

Other investments, net 4,873

Net portfolio holdings of Commercial Paper Funding Facility LLC 7,776

Memorandum: Commercial paper holdings, face value 2,966

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 2,942

Accrued interest payable to the Federal Reserve Bank of New York2 1

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

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

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

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

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

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

of credit for businesses and households.
H.4.1

8. Information on Principal Accounts of TALF LLC

Millions of dollars

Wednesday

Mar 24, 2010 Account name

Asset-backed securities holdings1 0

Other investments, net 404

Net portfolio holdings of TALF LLC 404

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 0

Accrued interest payable to the Federal Reserve Bank of New York2 0

Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable3 103

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

market on the measurement date.

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

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

3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 10

and table 11.

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

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

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

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

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

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

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

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

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

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

be offset in the following order: by the commitment fees collected by TALF LLC, by the interest received on investments of TALF LLC, by up to $20 billion

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

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

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

9. Supplemental Information on the Federal Reserve Bank of New York’s Preferred Interests in

AIA Aurora LLC and ALICO Holdings LLC

Millions of dollars

Wednesday

Mar 24, 2010 Account name

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

Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC2 285

Preferred interests in AIA Aurora LLC1 16,068

Accrued dividends on preferred interests in AIA Aurora LLC2 183

Preferred interests in ALICO Holdings LLC1 9,038

Accrued dividends on preferred interests in ALICO Holdings LLC2 103

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

1. Book value.

2. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 10 and table 11.

Note on preferred interests:

In conjunction with the restructuring of the government’s assistance to American International Group, Inc. (AIG) announced March 2, 2009, the

outstanding balance and amount available of revolving credit provided to AIG by the FRBNY has been reduced in exchange for preferred interests in two

special purpose vehicles, AIA Aurora LLC and ALICO Holdings LLC. These two limited liability companies were created to directly or indirectly hold all

of the outstanding common stock of American International Assurance Company Ltd. (AIA) and American Life Insurance Company (ALICO), two life

insurance subsidiaries of AIG. AIG will retain control of AIA Aurora LLC and ALICO Holdings LLC, and the FRBNY will have certain consent, disposition,

and conversion rights with respect to its preferred interests.

Dividends accrue as a percentage of the FRBNY’s preferred interests in AIA Aurora LLC and ALICO Holdings LLC. On a quarterly basis, the accrued

dividends are capitalized and added to the FRBNY’s preferred interests in AIA Aurora LLC and ALICO Holdings LLC.
H.4.1

10. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Eliminations from

consolidation

Wednesday

Mar 24, 2010

Change since

Wednesday

Mar 17, 2010

Wednesday

Mar 25, 2009

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

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

Coin 2,098 - 16 + 266

Securities, repurchase agreements, term auction

credit, and other loans 2,103,614 + 4,543 + 737,502

Securities held outright1 2,017,955 + 7,399 +1,256,660

U.S. Treasury securities 776,667 + 38 + 301,921

Bills2 18,423 0 0

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

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

Inflation compensation3 5,595 + 38 + 1,563

Federal agency debt securities2 167,488 0 + 117,095

Mortgage-backed securities4 1,073,800 + 7,360 + 837,644

Repurchase agreements5 0 0 0

Term auction credit 3,410 0 - 465,179

Other loans 82,249 - 2,856 - 53,978

Net portfolio holdings of Commercial Paper

Funding Facility LLC6 7,776 + 12 - 233,535

Net portfolio holdings of Maiden Lane LLC7 27,317 + 31 + 1,029

Net portfolio holdings of Maiden Lane II LLC8 15,343 + 5 - 3,106

Net portfolio holdings of Maiden Lane III LLC9 22,142 + 7 - 5,503

Net portfolio holdings of TALF LLC10 404 + 32 + 404

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC11 25,106 0 + 25,106

Items in process of collection (49) 185 - 158 - 283

Bank premises 2,239 0 + 52

Central bank liquidity swaps12 0 0 - 327,778

Other assets13 94,064 + 690 + 46,145

Total assets (49) 2,316,525 + 5,146 + 243,298

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

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

Millions of dollars

Eliminations from

consolidation

Wednesday

Mar 24, 2010

Change since

Wednesday

Mar 17, 2010

Wednesday

Mar 25, 2009

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 893,035 - 230 + 29,941

Reverse repurchase agreements14 54,719 - 977 - 11,708

Deposits (0) 1,300,884 + 7,319 + 215,624

Depository institutions 1,147,747 + 29,657 + 325,335

U.S. Treasury, general account 50,104 - 47,325 - 6,094

U.S. Treasury, supplementary financing account 99,983 + 24,995 - 99,952

Foreign official 2,420 - 326 + 833

Other (0) 629 + 318 - 4,499

Deferred availability cash items (49) 2,145 - 191 - 716

Other liabilities and accrued dividends15 12,704 - 233 + 3,302

Total liabilities (49) 2,263,487 + 5,688 + 236,442

Capital accounts

Capital paid in 26,247 + 26 + 3,691

Surplus 25,321 - 178 + 4,173

Other capital accounts 1,469 - 391 - 1,009

Total capital 53,037 - 543 + 6,855

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

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

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

underlying mortgages.

5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

6. Refer to table 7 and the note on consolidation accompanying table 11.

7. Refer to table 4 and the note on consolidation accompanying table 11.

8. Refer to table 5 and the note on consolidation accompanying table 11.

9. Refer to table 6 and the note on consolidation accompanying table 11.

10.Refer to table 8 and the note on consolidation accompanying table 11.

11.Refer to table 9.

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

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

central bank.

13.Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, and accrued dividends on the Federal

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

14.Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt securities.

15.Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to

entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to

table 4 through table 8 and the note on consolidation accompanying table 11.
H.4.1

11. Statement of Condition of Each Federal Reserve Bank, March 24, 2010Millions of dollars

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

Assets, liabilities, and capital

AssetsGold certificate account 11,037 412 3,895 450 467 882 1,356 911 329 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 Coin 2,098 74 81 168 155 312 195 327 27 Securities, repurchase agreements, term

auction credit, and other loans 2,103,614 38,728 872,203 31,383 79,799 72,892 243,294 218,745 79,085 

Securities held outright1 2,017,955 38,711 788,769 31,307 79,725 72,721 243,136 218,364 79,056 

U.S. Treasury securities 776,667 14,899 303,580 12,049 30,685 27,989 93,578 84,044 30,427 

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

Notes and bonds3 758,244 14,545 296,379 11,763 29,957 27,325 91,358 82,050 29,705 

Federal agency debt securities2 167,488 3,213 65,467 2,598 6,617 6,036 20,180 18,124 6,562 

Mortgage-backed securities4 1,073,800 20,599 419,722 16,659 42,424 38,697 129,378 116,197 42,067 

Repurchase agreements5 0 0 0 0 0 0 0 0 0 Term auction credit 3,410 0 1,845 20 74 160 125 294 28 Other loans 82,249 18 81,589 56 0 11 33 87 1 

Net portfolio holdings of Commercial

Paper Funding Facility LLC6 7,776 0 7,776 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane LLC7 27,317 0 27,317 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane II LLC8 15,343 0 15,343 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane III LLC9 22,142 0 22,142 0 0 0 0 0 0 

Net portfolio holdings of TALF LLC10 404 0 404 0 0 0 0 0 0 

Preferred interests in AIA Aurora LLC

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

Items in process of collection 234 12 0 27 78 4 -17 15 3 Bank premises 2,239 121 260 70 143 238 220 209 136 Central bank liquidity swaps12 0 0 0 0 0 0 0 0 0 Other assets13 94,064 2,260 34,453 3,811 4,552 9,451 9,800 8,002 2,936 Interdistrict settlement account 0 + 7,425 + 114,153 + 45,514 - 20,483 + 214,471 - 97,340 - 102,637 - 41,477 - Total assets 2,316,574 49,230 1,124,951 81,634 64,947 298,662 158,162 125,995 41,188 

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

11. Statement of Condition of Each Federal Reserve Bank, March 24, 2010 (continued)Millions of dollars

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

Assets, liabilities, and capital

LiabilitiesFederal Reserve notes outstanding 1,079,061 35,069 391,998 38,433 44,476 83,380 137,820 86,294 32,412 

Less: Notes held by F.R. Banks 186,025 4,416 62,981 5,639 8,467 10,696 33,188 11,871 4,202 

Federal Reserve notes, net 893,035 30,653 329,017 32,794 36,010 72,684 104,632 74,423 28,210 

Reverse repurchase agreements14 54,719 1,050 21,388 849 2,162 1,972 6,593 5,921 2,144 

Deposits 1,300,884 15,424 750,402 42,050 22,085 211,105 42,795 43,479 10,015 

Depository institutions 1,147,747 15,416 597,706 42,045 22,081 211,040 42,792 43,471 10,014 U.S. Treasury, general account 50,104 0 50,104 0 0 0 0 0 0 U.S. Treasury, supplementary

financing account 99,983 0 99,983 0 0 0 0 0 0 

Foreign official 2,420 1 2,392 4 3 11 2 1 0 Other 629 6 217 1 1 54 0 7 1 

Deferred availability cash items 2,194 53 0 177 571 71 132 142 48 Other liabilities and accrued

dividends15 12,704 188 8,548 217 298 542 676 594 248 

Total liabilities 2,263,536 47,368 1,109,355 76,087 61,125 286,374 154,827 124,558 40,665 CapitalCapital paid in 26,247 914 7,563 2,945 1,898 5,344 1,596 645 234 Surplus 25,321 945 7,518 2,601 1,910 6,945 1,581 620 240 Other capital 1,469 3 515 0 14 0 158 172 49 Total liabilities and capital 2,316,574 49,230 1,124,951 81,634 64,947 298,662 158,162 125,995 41,188 

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

11. Statement of Condition of Each Federal Reserve Bank, March 24, 2010 (continued)1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A.2. Face value of the securities.3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securitie4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mort5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.6. Refer to table 7 and the note on consolidation below.7. Refer to table 4 and the note on consolidation below.8. Refer to table 5 and the note on consolidation below.9. Refer to table 6 and the note on consolidation below.10.Refer to table 8 and the note on consolidation below.11.Refer to table 9.12.Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign centr

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

13.Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, and accrued dividends on the Federal Reserve Ba

in AIA Aurora LLC and ALICO Holdings LLC.

14.Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt securities.15.Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other 

New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 8 and the note on consolidation belo

Note on consolidation:The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Resewas extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On October 27, 2008, the FRBNY began extending loans to Comwas formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers. On November 25, 2008, a loan was extended to Maiden Lamulti-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contractwas extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan FacilitThe FRBNY is the sole beneficiary of Commercial Paper Funding Facility LLC. The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiarieU.S. Treasury, the FRBNY is primarily responsible for directing the financial activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited amajority of any residual returns of the LLCs and absorb a majority of any residual losses of the LLCs. Consistent with generally accepted accounting principles, the have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release. As a consequence of tcredit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in table 1 and table 10), and the liabilitiethe FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 10).
H.4.1

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

Millions of dollars

Wednesday

Mar 24, 2010 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,079,061

Less: Notes held by F.R. Banks not subject to collateralization 186,025

Federal Reserve notes to be collateralized 893,035

Collateral held against Federal Reserve notes 893,035

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 876,798

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,017,955

Less: Face value of securities under reverse repurchase agreements 54,245

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,963,710

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.