---

`For release on
May 26, 2011

The Board's H.4.1 statistical release ("Factors Affecting Reserve Balances of Depository Institutions
and Condition Statement of Federal Reserve Banks") for May 12, 2011, understated the amount of
loans outstanding under the Term Asset-Backed Securities Loan Facility and other liabilities by $22.5
million due to the recording of a loan payment one day early.  As a result, corrections to tables 1, 2,
8, and 9 have been made.

In table 1, the amount of loans outstanding under the "Term Asset-Backed Securities Loan Facility"
on Wednesday, May 11, 2011, was corrected from $15,308 million to $15,330 million, and the
related weekly average value was corrected from $15,703 million to $15,706 million.  Also in table 1,
the amount of "Other liabilities and capital" on Wednesday, May 11, 2011, was corrected from
$72,735 million to $72,758 million, and the related weekly average value was corrected from $73,931
million to $73,934 million.

In table 2, the amount of "Loans" with remaining maturities of "Over 1 year to 5 years" was
corrected from $15,293 million to $15,316 million and the amount of "Loans" in the "All" maturity
category was corrected from $15,330 million to $15,353 million.

In tables 8 and 9, the total amount of "Loans" was corrected from $15,330 million to $15,353
million.  In table 8, the amount of "Other liabilities and accrued dividends" was corrected from
$20,171 million to $20,194 million.  In table 9, the total amount of "Other liabilities and accrued
dividends" was corrected from $19,007 million to $19,029 million.  In table 9, the corrections also
affected the "New York" amounts for "Loans," which revised from $15,308 million to $15,330
million, and "Other liabilities and accrued dividends," which revised from $14,825 million to
$14,847 million.


FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                                 May 12, 2011
 
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   May 11, 2011
Federal Reserve Banks                                     May 11, 2011  May 4, 2011 May 12, 2010
 
Reserve Bank credit                                        2,713,079   +   26,136   +  403,272    2,728,751
  Securities held outright (1)                             2,503,309   +   25,896   +  460,842    2,518,349
    U.S. Treasury securities                               1,451,169   +   25,895   +  674,393    1,466,209
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                         1,365,856   +   24,065   +  653,833    1,380,842
      Notes and bonds, inflation-indexed (2)                  59,564   +    1,499   +   18,439       59,564
      Inflation compensation (3)                               7,327   +      332   +    2,123        7,381
    Federal agency debt securities (2)                       125,118            0   -   42,994      125,118
    Mortgage-backed securities (4)                           927,021            0   -  170,558      927,021
  Repurchase agreements (5)                                        0            0            0            0
  Loans                                                       15,727   -      881   -   61,459       15,353
    Primary credit                                                 4   -        7   -    5,146            3
    Secondary credit                                               0   -        1   -      486            0
    Seasonal credit                                               17   +        5   -       26           20
    Credit extended to American International
       Group, Inc., net (6)                                        0            0   -   26,808            0
    Term Asset-Backed Securities Loan Facility (7)            15,706   -      878   -   28,993       15,330
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (8)                                      0            0   -        2            0
  Net portfolio holdings of Maiden Lane LLC (9)               24,799   +       28   -    3,462       24,812
  Net portfolio holdings of Maiden Lane II LLC (10)           14,972   -    1,116   -      867       14,985
  Net portfolio holdings of Maiden Lane III LLC (11)          24,624   +       51   +    1,325       24,703
  Net portfolio holdings of TALF LLC (12)                        733            0   +      294          733
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (6)                                              0            0   -   25,416            0
  Float                                                         -953   +      131   +      930       -1,032
  Central bank liquidity swaps (13)                                0            0   -    1,315            0
  Other Federal Reserve assets (14)                          129,869   +    2,028   +   32,402      130,850
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (15)                            43,860   +       14   +      773       43,860

Total factors supplying reserve funds                      2,773,180   +   26,151   +  404,045    2,788,852
 
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   May 11, 2011
Federal Reserve Banks                                     May 11, 2011  May 4, 2011 May 12, 2010
 
Currency in circulation (15)                               1,017,027   +    2,446   +   79,134    1,018,333
Reverse repurchase agreements (16)                            56,375   -    2,703   +    2,134       54,715
  Foreign official and international accounts                 56,375   -    2,703   +    2,134       54,715
  Others                                                           0            0            0            0
Treasury cash holdings                                           151   -       10   -       34          150
Deposits with F.R. Banks, other than reserve balances        108,624   -   21,313   -  133,035       98,773
  Term deposits held by depository institutions                    0   -    5,081            0            0
  U.S. Treasury, general account                              99,593   -   15,433   +   65,288       87,894
  U.S. Treasury, supplementary financing account               5,000            0   -  194,958        5,000
  Foreign official                                               136   +        4   -    1,344          124
  Service-related                                              2,546   +        1   -      119        2,546
    Required clearing balances                                 2,546   +        1   -      119        2,546
    Adjustments to compensate for float                            0            0            0            0
  Other                                                        1,349   -      804   -    1,902        3,209
Funds from American International Group, Inc. asset
   dispositions, held as agent (6)                                 0            0            0            0
Other liabilities and capital (17)                            73,934   -    1,941   +    3,239       72,758

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,256,111   -   23,521   -   48,562    1,244,728

Reserve balances with Federal Reserve Banks                1,517,069   +   49,672   +  452,607    1,544,124
 
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
   securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
   remaining principal balance of the underlying mortgages.
5. Cash value of agreements.
6. As a result of the closing of the American International Group, Inc. (AIG) recapitalization plan on
   January 14, 2011, the credit extended to AIG was fully repaid and the Federal Reserve's commitment to lend
   any further funds was terminated. In addition, the Federal Reserve Bank of New York (FRBNY) has been paid
   in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. The funds from AIG asset
   dispositions that FRBNY held as agent were the source of repayment of the credit extended to AIG, as well
   as a portion of the FRBNY's preferred interests in ALICO Holdings LLC. The remaining FRBNY preferred
   interests in ALICO Holdings LLC and AIA Aurora LLC, valued at approximately $20 billion, were purchased by
   AIG through a draw on the Treasury's Series F preferred stock commitment and then transferred by AIG to
   the Treasury as consideration for the draw on the available Series F funds.
7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term
   Asset-Backed Securities Loan Facility.
8. Includes the book value of the commercial paper, net of amortized costs and related fees, and other
   investments held by the Commercial Paper Funding Facility LLC.
9.  Refer to table 4 and the note on consolidation accompanying table 9.
10. Refer to table 5 and the note on consolidation accompanying table 9.
11. Refer to table 6 and the note on consolidation accompanying table 9.
12. Refer to table 7 and the note on consolidation accompanying table 9.
13. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
    the foreign currency is returned to the foreign central bank. This exchange rate equals the market
    exchange rate used when the foreign currency was acquired from the foreign central bank.
14. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange
    rates, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the
    Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on
    January 14, 2011, included accrued dividends on the FRBNY's preferred interests in AIA Aurora LLC and
    ALICO Holdings LLC.
15. Estimated.
16. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
    securities, and mortgage-backed securities.
17. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to
    entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only
    to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation
    accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S.
    Treasury. Refer to table 8 and table 9.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.

 
1A. Memorandum Items
Millions of dollars
                                                                Averages of daily figures         Wednesday  
                                                           Week ended   Change from week ended   May 11, 2011
Memorandum item                                           May 11, 2011  May 4, 2011 May 12, 2010
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,460,812   +    8,506   +  397,040    3,460,175
  U.S. Treasury securities                                 2,699,317   +    8,731   +  426,244    2,698,773
  Federal agency securities (2)                              761,495   -      225   -   29,204      761,402
Securities lent to dealers                                    17,308   -      511   +   14,076       15,768
  Overnight facility (3)                                      17,308   -      511   +   14,076       15,768
    U.S. Treasury securities                                  16,446   -      546   +   14,395       15,009
    Federal agency debt securities                               862   +       35   -      318          759
 
Note: Components may not sum to totals because of rounding.

1. Face value of the securities. Includes U.S. Treasury STRIPS and other zero-coupon bonds at face value and
   mortgage-backed securities at original face value.
2. Includes debt and mortgage-backed securities.
3. Fully collateralized by U.S. Treasury securities.

 
2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities,       May 11, 2011
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    
 
Loans (1)                                      6           16           15       15,316            0           ...       15,353
U.S. Treasury securities (2)
  Holdings                                12,485       21,557       83,385      630,702      525,568       192,512    1,466,209
  Weekly changes                      -    3,520   +    3,520   +        8   +   13,595   +    7,916    +    2,834   +   24,354
Federal agency debt securities (3)
  Holdings                                 6,025        6,658       17,864       67,475       24,749         2,347      125,118
  Weekly changes                      +      783   -      783            0            0            0             0            0
Mortgage-backed securities (4)
  Holdings                                     0            0            0           19           23       926,980      927,021
  Weekly changes                               0            0            0            0            0             0            0
Asset-backed securities held by
   TALF LLC (5)                                0            0            0            0            0             0            0
Repurchase agreements (6)                      0            0          ...          ...          ...           ...            0
Central bank liquidity swaps (7)               0            0            0            0            0             0            0

Reverse repurchase agreements (6)         54,715            0          ...          ...          ...           ...       54,715
Term deposits                                  0            0            0          ...          ...           ...            0
 
Note: Components may not sum to totals because of rounding.
. . . Not applicable.

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III
   LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation
   under generally accepted accounting principles.
2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of
   inflation on the original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal
   balance of the underlying mortgages.
5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.
6. Cash value of agreements.
7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency
   is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was
   acquired from the foreign central bank.

 
3. Supplemental Information on Mortgage-Backed Securities Purchase Program
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           May 11, 2011 
 
Mortgage-backed securities held outright (1)                                                                             927,021

Commitments to buy mortgage-backed securities (2)                                                                              0
Commitments to sell mortgage-backed securities (2)                                                                             0

Cash and cash equivalents (3)                                                                                                  0
 
1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal
   balance of the underlying mortgages.
2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls,
   and coupon swaps.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8 and table 9.

 
4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           May 11, 2011 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                             24,812

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 22,130
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         683
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,339
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
       March 31, 2011. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of
section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to
manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets.
Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses
of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to
JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.

 
5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           May 11, 2011 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                          14,985

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 10,542
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         509
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                    1,084
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
       March 31, 2011. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of
   American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued
   interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table
   8 and table 9.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential
mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group,
Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred
payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.

 
6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           May 11, 2011 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         24,703

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 12,328
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         605
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,429
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
       March 31, 2011. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector
collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written
credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the
related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to
AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.

 
7. Information on Principal Accounts of TALF LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           May 11, 2011 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       733
Net portfolio holdings of TALF LLC                                                                                           733

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)                                        107
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF)
under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New
York (FRBNY) extends loans with a term of up to five years to holders of eligible asset-backed securities. The TALF is intended to
assist financial markets in accommodating the credit needs of consumers and businesses by facilitating the issuance of asset-backed
securities collateralized by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are
non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The loans
are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial
risk of a decline in the value of the security.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in
connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed
securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest.
Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF
LLC, by the interest received on investments of TALF LLC, by up to $4.3 billion in subordinated debt funding provided by the U.S.
Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio
holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S.
Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the
U.S. Treasury.

 
8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation   May 11, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                       May 4, 2011 May 12, 2010
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,166    -       17   +      101
  Securities, repurchase agreements, and loans                           2,533,701    +   23,429   +  413,807
    Securities held outright (1)                                         2,518,349    +   24,354   +  475,091
      U.S. Treasury securities                                           1,466,209    +   24,354   +  689,417
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                     1,380,842    +   22,527   +  668,819
        Notes and bonds, inflation-indexed (2)                              59,564    +    1,499   +   18,439
        Inflation compensation (3)                                           7,381    +      328   +    2,161
      Federal agency debt securities (2)                                   125,118             0   -   42,994
      Mortgage-backed securities (4)                                       927,021             0   -  171,334
    Repurchase agreements (5)                                                    0             0            0
    Loans                                                                   15,353    -      924   -   61,283
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (6)                                                    0             0   -        2
  Net portfolio holdings of Maiden Lane LLC (7)                             24,812    +       16   -    3,450
  Net portfolio holdings of Maiden Lane II LLC (8)                          14,985    +       15   -      856
  Net portfolio holdings of Maiden Lane III LLC (9)                         24,703    +       92   +    1,342
  Net portfolio holdings of TALF LLC (10)                                      733             0   +      294
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (11)                                                           0             0   -   25,416
  Items in process of collection                             (99)              503    +       17   +      343
  Bank premises                                                              2,210    +        2   -       27
  Central bank liquidity swaps (12)                                              0             0   -    9,205
  Other assets (13)                                                        128,625    +    2,161   +   32,197

Total assets                                                 (99)        2,748,675    +   25,714   +  409,128
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation   May 11, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                       May 4, 2011 May 12, 2010
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                         976,785    +    1,061   +   78,104
  Reverse repurchase agreements (14)                                        54,715    -    2,258   -    1,932
  Deposits                                                    (0)        1,642,882    +   28,007   +  332,040
    Term deposits held by depository institutions                                0    -    5,081            0
    Other deposits held by depository institutions                       1,546,654    +   71,175   +  453,809
    U.S. Treasury, general account                                          87,894    -   37,503   +   71,601
    U.S. Treasury, supplementary financing account                           5,000             0   -  194,958
    Foreign official                                                           124    -        4   -    1,289
    Other                                                     (0)            3,209    -      582   +    2,876
  Deferred availability cash items                           (99)            1,535    -      192   -      837
  Other liabilities and accrued dividends (15)                              20,194    -      911   +    3,984

Total liabilities                                            (99)        2,696,111    +   25,708   +  411,358

Capital accounts
  Capital paid in                                                           26,282    +        3   -      104
  Surplus                                                                   26,282    +        3   +      668
  Other capital accounts                                                         0             0   -    2,794

Total capital                                                               52,564    +        6   -    2,230
 
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
   securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
   remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Includes the book value of the commercial paper, net of amortized costs and related fees, and other
   investments held by the Commercial Paper Funding Facility LLC.
7. Refer to table 4 and the note on consolidation accompanying table 9.
8. Refer to table 5 and the note on consolidation accompanying table 9.
9.  Refer to table 6 and the note on consolidation accompanying table 9.
10. Refer to table 7 and the note on consolidation accompanying table 9.
11. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank
    of New York has been paid in full for its	preferred interests in AIA Aurora LLC and ALICO Holdings LLC. A
    portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were
    held as agent by the Federal Reserve.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
    the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange
    rate used when the foreign currency was acquired from the foreign central bank.
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates
    and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to
    eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG
    recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY's preferred interests in
    AIA Aurora LLC and ALICO Holdings LLC.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
    securities, and mortgage-backed securities.
15. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to
    entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to
    the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation
    accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S.
    Treasury. Before the closing of the AIG recapitalization plan on January 14, 2011, included funds from
    American International Group, Inc. asset dispositions, held as agent.


 
9. Statement of Condition of Each Federal Reserve Bank,       May 11, 2011
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         390       3,866         432         450         872       1,394         854         319         197         318         728       1,217
  Special drawing rights certificate acct.       5,200         196       1,818         210         237         412         654         424         150          90         153         282         574
  Coin                                           2,166          54          81         162         162         358         174         336          34          62         162         219         363
  Securities, repurchase agreements,
     and loans                               2,533,701      61,919   1,186,470      86,269      68,026     290,844     187,223     149,565      47,669      38,705      66,990      99,601     250,421
    Securities held outright (1)             2,518,349      61,917   1,171,140      86,269      68,026     290,844     187,221     149,553      47,665      38,703      66,989      99,601     250,421
      U.S. Treasury securities               1,466,209      36,049     681,850      50,227      39,605     169,332     109,002      87,071      27,751      22,533      39,002      57,989     145,798
        Bills (2)                               18,423         453       8,567         631         498       2,128       1,370       1,094         349         283         490         729       1,832
        Notes and bonds (3)                  1,447,786      35,596     673,283      49,595      39,108     167,205     107,632      85,977      27,402      22,250      38,512      57,260     143,966
      Federal agency debt securities (2)       125,118       3,076      58,185       4,286       3,380      14,450       9,302       7,430       2,368       1,923       3,328       4,948      12,442
      Mortgage-backed securities (4)           927,021      22,792     431,105      31,756      25,041     107,062      68,917      55,052      17,546      14,247      24,659      36,664      92,182
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Loans                                       15,353           2      15,330           0           0           0           2          12           4           2           1           0           0
  Net portfolio holdings of Commercial
     Paper Funding Facility LLC (6)                  0           0           0           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane LLC (7)                               24,812           0      24,812           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (8)                            14,985           0      14,985           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (9)                           24,703           0      24,703           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (10)          733           0         733           0           0           0           0           0           0           0           0           0           0
  Preferred interests in AIA Aurora LLC
     and ALICO Holdings LLC (11)                     0           0           0           0           0           0           0           0           0           0           0           0           0
  Items in process of collection                   601          18          96         162          59           9          40          39           7          30          30          19          94
  Bank premises                                  2,210         124         255          68         138         238         217         207         136         107         263         246         212
  Central bank liquidity swaps (12)                  0           0           0           0           0           0           0           0           0           0           0           0           0
  Other assets (13)                            128,625       3,450      54,901       6,205       4,738      17,296       9,132       6,713       2,156       2,417       2,957       4,450      14,210
  Interdistrict settlement account                   0   -  11,849   + 267,306   +  14,266   -   6,268   - 136,417   -  33,136   +   8,568   -  11,157   -  16,026   -  16,339   -   8,047   -  50,899

Total assets                                 2,748,773      54,303   1,580,025     107,773      67,541     173,611     165,698     166,708      39,313      25,580      54,533      97,498     216,190
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
9. Statement of Condition of Each Federal Reserve Bank,       May 11, 2011 (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          1,132,470      43,371     387,386      47,516      50,902      90,458     140,530      88,049      31,688      19,536      32,192      75,161     125,682
    Less: Notes held by F.R. Banks             155,684       4,749      42,184       5,538       7,536      12,314      22,314      12,770       4,172       5,441       3,583      11,314      23,768
      Federal Reserve notes, net               976,785      38,622     345,202      41,977      43,366      78,144     118,217      75,278      27,515      14,095      28,609      63,846     101,914
  Reverse repurchase agreements (14)            54,715       1,345      25,445       1,874       1,478       6,319       4,068       3,249       1,036         841       1,455       2,164       5,441
  Deposits                                   1,642,882      12,197   1,178,404      58,743      18,243      77,277      39,700      86,233      10,051       8,442      23,632      30,274      99,689
    Term deposits held by depository
       institutions                                  0           0           0           0           0           0           0           0           0           0           0           0           0
    Other deposits held by depository
       institutions                          1,546,654      12,193   1,082,264      58,738      18,239      77,149      39,697      86,212      10,050       8,440      23,630      30,273      99,769
    U.S. Treasury, general account              87,894           0      87,894           0           0           0           0           0           0           0           0           0           0
    U.S. Treasury, supplementary
       financing account                         5,000           0       5,000           0           0           0           0           0           0           0           0           0           0
    Foreign official                               124           1          96           4           3           8           2           1           0           1           0           1           6
    Other                                        3,209           3       3,150           0           1         120           1          19           1           0           1           0         -86
  Deferred availability cash items               1,634          62           0         259         200          64         105          92          53         391          91          75         241
  Interest on Federal Reserve notes due
     to U.S. Treasury (15)                       1,165          24         711           2          -3          63          87          86          25           7          36          57          69
  Other liabilities and accrued
     dividends (16)                             19,029         217      14,847         309         308         875         523         439         188         166         194         303         660

Total liabilities                            2,696,210      52,468   1,564,609     103,164      63,592     162,742     162,700     165,377      38,868      23,941      54,017      96,719     208,013

Capital
  Capital paid in                               26,282         917       7,708       2,304       1,974       5,435       1,499         665         222         820         258         389       4,089
  Surplus                                       26,282         917       7,708       2,304       1,974       5,435       1,499         665         222         820         258         389       4,089
  Other capital                                      0           0           0           0           0           0           0           0           0           0           0           0           0

Total liabilities and capital                2,748,773      54,303   1,580,025     107,773      67,541     173,611     165,698     166,708      39,313      25,580      54,533      97,498     216,190
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

9. Statement of Condition of Each Federal Reserve Bank,       May 11, 2011 (continued)
1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper Funding Facility LLC.
7. Refer to table 4 and the note on consolidation below.
8. Refer to table 5 and the note on consolidation below.
9.  Refer to table 6 and the note on consolidation below.
10. Refer to table 7 and the note on consolidation below.
11. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank of New York has been paid in full for its preferred interests in AIA Aurora LLC and ALICO
    Holdings LLC. A portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were held as agent by the Federal Reserve.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank of New York
    (FRBNY) to eligible	borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on January 14, 2011, included accrued dividends on the
    FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
15. Represents the estimated weekly remittances to U.S Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to
    capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the
    Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which
    requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the
    amount necessary to equate surplus with capital paid-in.
16. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have
    recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below. Before the closing of the AIG recapitalization plan on January 14,
    2011, included funds from American International Group, Inc. asset dispositions, held as agent.


Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal 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 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 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 8), 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 8).

 
10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
                                                                                            Wednesday   
Federal Reserve notes and collateral                                                       May 11, 2011 
 
Federal Reserve notes outstanding                                                          1,132,470
  Less: Notes held by F.R. Banks not subject to collateralization                            155,684
    Federal Reserve notes to be collateralized                                               976,785
Collateral held against Federal Reserve notes                                                976,785
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   960,549
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,518,349
  Less: Face value of securities under reverse repurchase agreements                          50,582
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,467,767
 
Note: Components may not sum to totals because of rounding.

1. Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright,
   compensation to adjust for the effect of inflation on the original face value of inflation-indexed
   securities, and cash value of repurchase agreements.
2. Includes securities lent to dealers under the overnight securities lending facility; refer to table
   1A.`

Statistical releases

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