---

`FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                                 June 9, 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    Jun 8, 2011
Federal Reserve Banks                                      Jun 8, 2011  Jun 1, 2011  Jun 9, 2010
 
Reserve Bank credit                                        2,784,291   +   13,512   +  471,082    2,795,340
  Securities held outright (1)                             2,581,653   +   15,029   +  524,362    2,591,608
    U.S. Treasury securities                               1,544,705   +   15,030   +  767,780    1,554,660
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                         1,455,999   +   14,016   +  743,976    1,464,534
      Notes and bonds, inflation-indexed (2)                  62,135   +      867   +   21,010       63,370
      Inflation compensation (3)                               8,147   +      146   +    2,793        8,334
    Federal agency debt securities (2)                       119,093            0   -   47,622      119,093
    Mortgage-backed securities (4)                           917,856            0   -  195,795      917,856
  Repurchase agreements (5)                                        0            0            0            0
  Loans                                                       13,486   -      582   -   57,480       13,362
    Primary credit                                                37   +       12   -       68           32
    Secondary credit                                               0   -        3   -      300            0
    Seasonal credit                                               35   +        9   -       11           37
    Credit extended to American International
       Group, Inc., net (6)                                        0            0   -   26,699            0
    Term Asset-Backed Securities Loan Facility (7)            13,415   -      599   -   30,400       13,293
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (8)                                      0            0   -        1            0
  Net portfolio holdings of Maiden Lane LLC (9)               24,540   +       51   -    3,831       24,593
  Net portfolio holdings of Maiden Lane II LLC (10)           12,530   -    2,480   -    3,192       12,531
  Net portfolio holdings of Maiden Lane III LLC (11)          24,401   +       20   +    1,291       24,489
  Net portfolio holdings of TALF LLC (12)                        746            0   +      268          746
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (6)                                              0            0   -   25,416            0
  Float                                                       -1,205   -       28   +      800       -1,385
  Central bank liquidity swaps (13)                                0            0   -    1,242            0
  Other Federal Reserve assets (14)                          128,139   +    1,501   +   35,522      129,396
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (15)                            43,916   +       14   +      760       43,916

Total factors supplying reserve funds                      2,844,447   +   13,526   +  471,840    2,855,496
 
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    Jun 8, 2011
Federal Reserve Banks                                      Jun 8, 2011  Jun 1, 2011  Jun 9, 2010
 
Currency in circulation (15)                               1,024,164   +      197   +   81,686    1,024,768
Reverse repurchase agreements (16)                            61,788   +    3,371   +      998       59,767
  Foreign official and international accounts                 61,788   +    3,371   +      998       59,767
  Others                                                           0            0            0            0
Treasury cash holdings                                           133   -        9   -       79          136
Deposits with F.R. Banks, other than reserve balances         52,687   -   21,444   -  185,433       36,594
  Term deposits held by depository institutions                5,087   +    5,087   +    5,087        5,087
  U.S. Treasury, general account                              38,188   -   27,804   +    5,392       23,496
  U.S. Treasury, supplementary financing account               5,000            0   -  194,960        5,000
  Foreign official                                               126   -       75   -    1,751          126
  Service-related                                              2,542   -        1   -        6        2,542
    Required clearing balances                                 2,542   -        1   -        6        2,542
    Adjustments to compensate for float                            0            0            0            0
  Other                                                        1,744   +    1,349   +      804          343
Funds from American International Group, Inc. asset
   dispositions, held as agent (6)                                 0            0            0            0
Other liabilities and capital (17)                            74,711   +      326   +    3,782       73,801

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,213,482   -   17,561   -   99,047    1,195,064

Reserve balances with Federal Reserve Banks                1,630,965   +   31,087   +  570,887    1,660,432
 
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    Jun 8, 2011
Memorandum item                                            Jun 8, 2011  Jun 1, 2011  Jun 9, 2010
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,443,121   +   10,677   +  367,230    3,446,420
  U.S. Treasury securities                                 2,698,835   +   10,182   +  431,690    2,703,818
  Federal agency securities (2)                              744,285   +      494   -   64,461      742,603
Securities lent to dealers                                    16,620   -    3,298   +   11,354       16,550
  Overnight facility (3)                                      16,620   -    3,298   +   11,354       16,550
    U.S. Treasury securities                                  15,711   -    3,158   +   11,924       15,715
    Federal agency debt securities                               909   -      140   -      569          835
 
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,       June 8, 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)                                     38           31          408       12,885            0           ...       13,362
U.S. Treasury securities (2)
  Holdings                                12,485       17,898       92,003      682,939      554,021       195,314    1,554,660
  Weekly changes                      -    3,520   +    6,915   -    3,389   +    6,784   +   14,686    +      947   +   22,424
Federal agency debt securities (3)
  Holdings                                   728        8,589       16,524       68,156       22,749         2,347      119,093
  Weekly changes                               0            0            0            0            0             0            0
Mortgage-backed securities (4)
  Holdings                                     0            0            0           18           23       917,815      917,856
  Weekly changes                               0            0            0            0   +        1             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)         59,767            0          ...          ...          ...           ...       59,767
Term deposits                                  0        5,087            0          ...          ...           ...        5,087
 
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                                                                                                            Jun 8, 2011 
 
Mortgage-backed securities held outright (1)                                                                             917,856

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                                                                                                            Jun 8, 2011 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                             24,593

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 21,719
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         696
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,345
 
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                                                                                                            Jun 8, 2011 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                          12,531

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  8,059
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         519
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                    1,086
 
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                                                                                                            Jun 8, 2011 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         24,489

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 11,985
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         616
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,442
 
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                                                                                                            Jun 8, 2011 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       746
Net portfolio holdings of TALF LLC                                                                                           746

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    Jun 8, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                       Jun 1, 2011  Jun 9, 2010
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,110    +        4   +       86
  Securities, repurchase agreements, and loans                           2,604,970    +   22,062   +  476,857
    Securities held outright (1)                                         2,591,608    +   22,423   +  534,286
      U.S. Treasury securities                                           1,554,660    +   22,424   +  777,728
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                     1,464,534    +   20,706   +  752,511
        Notes and bonds, inflation-indexed (2)                              63,370    +    1,440   +   22,245
        Inflation compensation (3)                                           8,334    +      278   +    2,973
      Federal agency debt securities (2)                                   119,093             0   -   47,622
      Mortgage-backed securities (4)                                       917,856             0   -  195,819
    Repurchase agreements (5)                                                    0             0            0
    Loans                                                                   13,362    -      361   -   57,429
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (6)                                                    0             0   -        1
  Net portfolio holdings of Maiden Lane LLC (7)                             24,593    +       62   -    3,801
  Net portfolio holdings of Maiden Lane II LLC (8)                          12,531    -    2,481   -    3,162
  Net portfolio holdings of Maiden Lane III LLC (9)                         24,489    +      103   +    1,323
  Net portfolio holdings of TALF LLC (10)                                      746             0   +      268
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (11)                                                           0             0   -   25,416
  Items in process of collection                            (158)              219    -      207   -        7
  Bank premises                                                              2,206             0   -       27
  Central bank liquidity swaps (12)                                              0             0   -    1,242
  Other assets (13)                                                        127,179    +    2,922   +   35,418

Total assets                                                (158)        2,815,280    +   22,465   +  480,295
 
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    Jun 8, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                       Jun 1, 2011  Jun 9, 2010
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                         983,093    -    1,108   +   81,699
  Reverse repurchase agreements (14)                                        59,767    -      170   -      996
  Deposits                                                    (0)        1,697,015    +   24,376   +  397,447
    Term deposits held by depository institutions                            5,087    +    5,087   +    5,087
    Other deposits held by depository institutions                       1,662,964    +   69,835   +  584,871
    U.S. Treasury, general account                                          23,496    -   50,477   +    4,356
    U.S. Treasury, supplementary financing account                           5,000             0   -  194,960
    Foreign official                                                           126    -        7   -    1,896
    Other                                                     (0)              343    -       62   -       11
  Deferred availability cash items                          (158)            1,604    -      645   -      815
  Other liabilities and accrued dividends (15)                              21,112    +       11   +    5,815

Total liabilities                                           (158)        2,762,591    +   22,464   +  483,149

Capital accounts
  Capital paid in                                                           26,344             0   -       48
  Surplus                                                                   26,344             0   +      651
  Other capital accounts                                                         0             0   -    3,458

Total capital                                                               52,689    +        1   -    2,855
 
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,       June 8, 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                                           2,110          50          74         159         153         351         174         328          33          59         160         215         353
  Securities, repurchase agreements,
     and loans                               2,604,970      63,718   1,218,502      88,805      70,005     299,304     192,670     153,919      49,058      39,838      68,946     102,499     257,706
    Securities held outright (1)             2,591,608      63,718   1,205,209      88,778      70,005     299,304     192,667     153,904      49,051      39,829      68,938     102,498     257,706
      U.S. Treasury securities               1,554,660      38,224     722,983      53,256      41,995     179,547     115,577      92,324      29,425      23,893      41,355      61,487     154,593
        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)                  1,536,237      37,771     714,416      52,625      41,497     177,420     114,208      91,230      29,076      23,610      40,865      60,758     152,761
      Federal agency debt securities (2)       119,093       2,928      55,383       4,080       3,217      13,754       8,854       7,072       2,254       1,830       3,168       4,710      11,842
      Mortgage-backed securities (4)           917,856      22,567     426,842      31,442      24,793     106,003      68,236      54,507      17,372      14,106      24,415      36,301      91,270
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Loans                                       13,362           0      13,293          27           0           0           4          15           7           9           8           1           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)                               24,593           0      24,593           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (8)                            12,531           0      12,531           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (9)                           24,489           0      24,489           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (10)          746           0         746           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                   376          25           0          81          93           8         -39          47           9          32          20          19          81
  Bank premises                                  2,206         123         255          68         138         237         218         207         136         106         262         246         211
  Central bank liquidity swaps (12)                  0           0           0           0           0           0           0           0           0           0           0           0           0
  Other assets (13)                            127,179       3,421      54,168       6,100       4,726      17,181       9,020       6,619       2,135       2,410       2,915       4,386      14,099
  Interdistrict settlement account                   0   -  11,592   + 241,876   +  10,763   -   1,797   -  94,502   -  37,187   -   5,324   -  10,095   -  17,923   -  17,358   -  10,017   -  46,844

Total assets                                 2,815,437      56,332   1,582,917     106,617      74,004     223,863     166,904     157,073      41,745      24,809      55,416      98,359     227,398
 
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,       June 8, 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          1,139,772      43,336     387,011      47,348      53,849      90,705     139,932      90,161      32,891      19,473      32,116      75,124     127,826
    Less: Notes held by F.R. Banks             156,679       4,647      41,601       5,599       7,834      12,259      23,961      13,028       4,173       5,478       3,287      10,890      23,922
      Federal Reserve notes, net               983,093      38,689     345,410      41,749      46,014      78,445     115,971      77,133      28,719      13,995      28,829      64,234     103,904
  Reverse repurchase agreements (14)            59,767       1,469      27,794       2,047       1,614       6,902       4,443       3,549       1,131         919       1,590       2,364       5,943
  Deposits                                   1,697,015      13,983   1,178,427      57,471      21,812     126,456      42,689      74,382      11,172       7,756      24,145      30,523     108,197
    Term deposits held by depository
       institutions                              5,087          18       3,157         605           3         941           0          10           0          33           1          10         310
    Other deposits held by depository
       institutions                          1,662,964      13,957   1,146,442      56,862      21,806     125,419      42,687      74,370      11,171       7,722      24,143      30,513     107,871
    U.S. Treasury, general account              23,496           0      23,496           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                               126           1          97           4           3           8           2           1           0           1           0           1           6
    Other                                          343           6         235           0           0          88           0           1           1           0           1           0          10
  Deferred availability cash items               1,761          87           0         293         239          81         109         133          60         298          93          93         276
  Interest on Federal Reserve notes due
     to U.S. Treasury (15)                       2,015          45         991          78          62         224         137         107          30          31          46          64         201
  Other liabilities and accrued
     dividends (16)                             19,097         222      14,860         317         312         892         535         437         188         170         192         302         670

Total liabilities                            2,762,749      54,496   1,567,482     101,956      70,054     213,001     163,884     155,741      41,300      23,169      54,895      97,580     219,191

Capital
  Capital paid in                               26,344         918       7,717       2,331       1,975       5,431       1,510         666         222         820         260         390       4,104
  Surplus                                       26,344         918       7,717       2,331       1,975       5,431       1,510         666         222         820         260         390       4,104
  Other capital                                      0           0           0           0           0           0           0           0           0           0           0           0           0

Total liabilities and capital                2,815,437      56,332   1,582,917     106,617      74,004     223,863     166,904     157,073      41,745      24,809      55,416      98,359     227,398
 
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,       June 8, 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                                                        Jun 8, 2011 
 
Federal Reserve notes outstanding                                                          1,139,772
  Less: Notes held by F.R. Banks not subject to collateralization                            156,679
    Federal Reserve notes to be collateralized                                               983,093
Collateral held against Federal Reserve notes                                                983,093
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   966,856
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,591,608
  Less: Face value of securities under reverse repurchase agreements                          57,212
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,534,396
 
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

---

Home Economic research and data  Accessibility Contact Us  Last update: June 9, 2011