---

`FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                                 July 7, 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    Jul 6, 2011
Federal Reserve Banks                                      Jul 6, 2011 Jun 29, 2011  Jul 7, 2010
 
Reserve Bank credit                                        2,854,293   +   11,142   +  539,698    2,853,628
  Securities held outright (1)                             2,647,946   +   11,381   +  587,918    2,648,438
    U.S. Treasury securities                               1,623,789   +   16,789   +  846,795    1,624,515
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                         1,530,796   +   16,457   +  818,773    1,531,497
      Notes and bonds, inflation-indexed (2)                  65,521   +      225   +   24,396       65,521
      Inflation compensation (3)                               9,049   +      106   +    3,626        9,074
    Federal agency debt securities (2)                       115,303   -    2,281   -   49,459      115,070
    Mortgage-backed securities (4)                           908,853   -    3,127   -  209,419      908,853
  Repurchase agreements (5)                                        0            0            0            0
  Loans                                                       12,744   -      231   -   54,288       12,552
    Primary credit                                                12   -        6   -       29            5
    Secondary credit                                               0            0   -        1            0
    Seasonal credit                                               53   +        2   -       16           58
    Credit extended to American International
       Group, Inc., net (6)                                        0            0   -   24,570            0
    Term Asset-Backed Securities Loan Facility (7)            12,679   -      227   -   29,673       12,488
    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)               23,855   +       36   -    4,647       23,871
  Net portfolio holdings of Maiden Lane II LLC (10)           12,227   -      287   -    3,505       11,451
  Net portfolio holdings of Maiden Lane III LLC (11)          24,255   +       16   +    1,087       24,315
  Net portfolio holdings of TALF LLC (12)                        757            0   +      251          757
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (6)                                              0            0   -   25,733            0
  Float                                                       -1,056   -       17   +      918       -1,655
  Central bank liquidity swaps (13)                                0            0   -    1,245            0
  Other Federal Reserve assets (14)                          133,564   +      243   +   38,941      133,899
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (15)                            43,980   +       14   +      744       43,980

Total factors supplying reserve funds                      2,914,513   +   11,156   +  540,440    2,913,849
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                         Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended   Change from week ended    Jul 6, 2011
Federal Reserve Banks                                      Jul 6, 2011 Jun 29, 2011  Jul 7, 2010
 
Currency in circulation (15)                               1,031,307   +    7,332   +   83,454    1,032,612
Reverse repurchase agreements (16)                            68,096   +    2,769   +    2,850       67,527
  Foreign official and international accounts                 68,096   +    2,769   +    2,850       67,527
  Others                                                           0            0            0            0
Treasury cash holdings                                           146   +       16   -       89          137
Deposits with F.R. Banks, other than reserve balances         91,126   -   30,833   -  150,476       80,847
  Term deposits held by depository institutions                    0   -    5,087   -    2,122            0
  U.S. Treasury, general account                              76,560   -   31,423   +   50,576       67,270
  U.S. Treasury, supplementary financing account               5,000            0   -  194,963        5,000
  Foreign official                                               174   -       15   -    1,444          127
  Service-related                                              2,533   -        2   +       60        2,533
    Required clearing balances                                 2,533   -        2   +       60        2,533
    Adjustments to compensate for float                            0            0            0            0
  Other                                                        6,859   +    5,693   -    2,583        5,918
Funds from American International Group, Inc. asset
   dispositions, held as agent (6)                                 0            0            0            0
Other liabilities and capital (17)                            73,060   -    1,517   +      942       72,251

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,263,735   -   22,234   -   63,319    1,253,373

Reserve balances with Federal Reserve Banks                1,650,778   +   33,390   +  603,759    1,660,476
 
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    Jul 6, 2011
Memorandum item                                            Jul 6, 2011 Jun 29, 2011  Jul 7, 2010
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,445,324   +      322   +  344,828    3,453,225
  U.S. Treasury securities                                 2,708,007   +    1,319   +  430,051    2,716,278
  Federal agency securities (2)                              737,317   -      996   -   85,223      736,947
Securities lent to dealers                                    30,462   +      935   +   23,421       22,358
  Overnight facility (3)                                      30,462   +      935   +   23,421       22,358
    U.S. Treasury securities                                  29,736   +      897   +   24,611       21,455
    Federal agency debt securities                               727   +       39   -    1,189          903
 
Note: Components may not sum to totals because of rounding.

1. Face value of the securities. Includes U.S. Treasury STRIPS and other zero-coupon bonds at face value and
   mortgage-backed securities at original face value.
2. Includes debt and mortgage-backed securities.
3. Fully collateralized by U.S. Treasury securities.

 
2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities,       July 6, 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)                                     12           52        1,217       11,271            0           ...       12,552
U.S. Treasury securities (2)
  Holdings                                12,485       17,910      103,863      708,800      581,824       199,633    1,624,515
  Weekly changes                      -    6,932   +    6,944   +    3,344   +    5,213   -    3,841    +    2,727   +    7,455
Federal agency debt securities (3)
  Holdings                                 1,034        5,768       16,784       66,388       22,749         2,347      115,070
  Weekly changes                      -      600   -    1,034            0            0            0             0   -    1,634
Mortgage-backed securities (4)
  Holdings                                     0            0            0           17           23       908,814      908,853
  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)         67,527            0          ...          ...          ...           ...       67,527
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                                                                                                            Jul 6, 2011 
 
Mortgage-backed securities held outright (1)                                                                             908,853

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                                                                                                            Jul 6, 2011 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                             23,871

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 20,895
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         709
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,350
 
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                                                                                                            Jul 6, 2011 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                          11,451

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  6,971
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         526
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                    1,089
 
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                                                                                                            Jul 6, 2011 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         24,315

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 11,699
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         627
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,455
 
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                                                                                                            Jul 6, 2011 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       757
Net portfolio holdings of TALF LLC                                                                                           757

Outstanding principal amount of loan extended by the Federal Reserve Bank of New 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)                                        108
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF)
under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New
York (FRBNY) extends loans with a term of up to five years to holders of eligible asset-backed securities. The TALF is intended to
assist financial markets in accommodating the credit needs of consumers and businesses by facilitating the issuance of asset-backed
securities collateralized by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are
non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The loans
are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial
risk of a decline in the value of the security.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in
connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed
securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest.
Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF
LLC, by the interest received on investments of TALF LLC, by up to $4.3 billion in subordinated debt funding provided by the U.S.
Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio
holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S.
Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the
U.S. Treasury.

 
8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation    Jul 6, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Jun 29, 2011  Jul 7, 2010
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,096    -       18   +      138
  Securities, repurchase agreements, and loans                           2,660,990    +    5,528   +  534,015
    Securities held outright (1)                                         2,648,438    +    5,821   +  588,389
      U.S. Treasury securities                                           1,624,515    +    7,455   +  847,518
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                     1,531,497    +    7,139   +  819,474
        Notes and bonds, inflation-indexed (2)                              65,521    +      225   +   24,396
        Inflation compensation (3)                                           9,074    +       90   +    3,648
      Federal agency debt securities (2)                                   115,070    -    1,634   -   49,692
      Mortgage-backed securities (4)                                       908,853             0   -  209,437
    Repurchase agreements (5)                                                    0             0            0
    Loans                                                                   12,552    -      293   -   54,373
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (6)                                                    0             0   -        1
  Net portfolio holdings of Maiden Lane LLC (7)                             23,871    +       22   -    4,655
  Net portfolio holdings of Maiden Lane II LLC (8)                          11,451    -    1,087   -    4,094
  Net portfolio holdings of Maiden Lane III LLC (9)                         24,315    +       71   +    1,390
  Net portfolio holdings of TALF LLC (10)                                      757             0   +      251
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (11)                                                           0             0   -   25,733
  Items in process of collection                            (193)              419    +      181   -      247
  Bank premises                                                              2,199    -       11   -       31
  Central bank liquidity swaps (12)                                              0             0   -    1,245
  Other assets (13)                                                        131,714    +      196   +   38,803

Total assets                                                (193)        2,874,049    +    4,882   +  538,592
 
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    Jul 6, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Jun 29, 2011  Jul 7, 2010
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                         990,861    +    5,073   +   83,163
  Reverse repurchase agreements (14)                                        67,527    +      920   +    4,623
  Deposits                                                    (0)        1,741,336    -      364   +  451,419
    Term deposits held by depository institutions                                0    -    5,087   -    2,122
    Other deposits held by depository institutions                       1,663,022    +   40,627   +  603,905
    U.S. Treasury, general account                                          67,270    -   38,312   +   50,795
    U.S. Treasury, supplementary financing account                           5,000             0   -  194,963
    Foreign official                                                           127    +        1   -    1,519
    Other                                                     (0)            5,918    +    2,407   -    4,675
  Deferred availability cash items                          (193)            2,074    +      596   -    1,352
  Other liabilities and accrued dividends (15)                              20,584    -       35   +    6,006

Total liabilities                                           (193)        2,822,382    +    6,189   +  543,859

Capital accounts
  Capital paid in                                                           25,833    -      654   -      827
  Surplus                                                                   25,833    -      654   +       29
  Other capital accounts                                                         0             0   -    4,470

Total capital                                                               51,667    -    1,307   -    5,267
 
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,       July 6, 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                                           2,096          48          66         160         153         351         178         321          33          59         161         213         353
  Securities, repurchase agreements,
     and loans                               2,660,990      65,117   1,244,131      90,725      71,540     305,868     196,895     157,286      50,133      40,732      70,460     104,746     263,357
    Securities held outright (1)             2,648,438      65,116   1,231,637      90,725      71,540     305,868     196,892     157,279      50,127      40,703      70,450     104,746     263,357
      U.S. Treasury securities               1,624,515      39,941     755,469      55,649      43,882     187,615     120,771      96,473      30,747      24,966      43,213      64,250     161,539
        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)                  1,606,092      39,488     746,902      55,018      43,384     185,487     119,401      95,378      30,399      24,683      42,723      63,521     159,707
      Federal agency debt securities (2)       115,070       2,829      53,512       3,942       3,108      13,289       8,555       6,833       2,178       1,768       3,061       4,551      11,442
      Mortgage-backed securities (4)           908,853      22,345     422,656      31,134      24,550     104,963      67,567      53,973      17,202      13,968      24,176      35,945      90,375
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Loans                                       12,552           1      12,493           0           0           0           4           8           6          30          10           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)                               23,871           0      23,871           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (8)                            11,451           0      11,451           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (9)                           24,315           0      24,315           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (10)          757           0         757           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                   612          32           0         124         101          16         123          43          11          36          30          21          76
  Bank premises                                  2,199         123         255          68         137         236         214         206         136         106         261         246         211
  Central bank liquidity swaps (12)                  0           0           0           0           0           0           0           0           0           0           0           0           0
  Other assets (13)                            131,714       3,530      56,355       6,193       4,832      17,673       9,372       6,905       2,234       2,474       3,044       4,577      14,525
  Interdistrict settlement account                   0   -     491   + 236,335   +   5,156   -   3,971   -  95,543   -  41,346   +   1,336   -  10,631   -  20,118   -  16,565   -   9,475   -  44,688

Total assets                                 2,874,242      68,945   1,603,220     103,067      73,478     229,884     167,484     167,376      42,385      23,578      57,862     101,338     235,625
 
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,       July 6, 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          1,144,681      43,190     385,718      47,092      54,738      92,975     139,630      89,811      33,854      19,433      32,077      75,225     130,938
    Less: Notes held by F.R. Banks             153,820       4,451      40,803       5,537       7,323      11,900      24,510      12,400       4,115       5,401       3,063      10,682      23,633
      Federal Reserve notes, net               990,861      38,739     344,915      41,555      47,415      81,075     115,120      77,411      29,739      14,032      29,013      64,542     107,305
  Reverse repurchase agreements (14)            67,527       1,660      31,403       2,313       1,824       7,799       5,020       4,010       1,278       1,038       1,796       2,671       6,715
  Deposits                                   1,741,337      26,329   1,196,019      53,730      19,706     128,909      43,666      83,888      10,608       7,069      26,180      32,873     112,358
    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                          1,663,022      26,325   1,117,866      53,709      19,703     128,844      43,663      83,864      10,582       7,068      26,179      32,873     112,347
    U.S. Treasury, general account              67,270           0      67,270           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                               127           1          98           4           3           8           2           1           0           1           0           1           6
    Other                                        5,918           3       5,785          18           0          58           0          23          25           0           1           0           5
  Deferred availability cash items               2,267         145           0         439         293          65         128         146         105         342         127         125         351
  Interest on Federal Reserve notes due
     to U.S. Treasury (15)                       2,268          33         825          56          32         165         125          22          31         734          44          61         139
  Other liabilities and accrued
     dividends (16)                             18,316         196      14,620         253         259         745         485         411         181         144         183         287         553

Total liabilities                            2,822,576      67,102   1,587,782      98,347      69,528     218,758     164,544     165,889      41,942      23,360      57,343     100,559     227,420

Capital
  Capital paid in                               25,833         921       7,719       2,360       1,975       5,563       1,470         744         221         109         259         389       4,102
  Surplus                                       25,833         921       7,719       2,360       1,975       5,563       1,470         744         221         109         259         389       4,102
  Other capital                                      0           0           0           0           0           0           0           0           0           0           0           0           0

Total liabilities and capital                2,874,242      68,945   1,603,220     103,067      73,478     229,884     167,484     167,376      42,385      23,578      57,862     101,338     235,625
 
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,       July 6, 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                                                        Jul 6, 2011 
 
Federal Reserve notes outstanding                                                          1,144,681
  Less: Notes held by F.R. Banks not subject to collateralization                            153,820
    Federal Reserve notes to be collateralized                                               990,861
Collateral held against Federal Reserve notes                                                990,861
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   974,624
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,648,438
  Less: Face value of securities under reverse repurchase agreements                          62,088
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,586,350
 
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: July 7, 2011