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`FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                               March 10, 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    Mar 9, 2011
Federal Reserve Banks                                      Mar 9, 2011  Mar 2, 2011 Mar 10, 2010
 
Reserve Bank credit                                        2,546,690   +   28,020   +  283,886    2,560,516
  Securities held outright (1)                             2,345,022   +   26,404   +  373,268    2,358,250
    U.S. Treasury securities                               1,252,840   +   27,852   +  476,263    1,266,069
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                         1,172,921   +   26,846   +  464,049    1,185,240
      Notes and bonds, inflation-indexed (2)                  55,000   +      926   +   11,223       55,857
      Inflation compensation (3)                               6,497   +       82   +      992        6,549
    Federal agency debt securities (2)                       143,249   -      124   -   24,476      143,249
    Mortgage-backed securities (4)                           948,932   -    1,324   -   78,520      948,932
  Repurchase agreements (5)                                        0            0            0            0
  Term auction credit                                              0            0   -   15,425            0
  Other loans                                                 20,311   -      223   -   64,840       20,176
    Primary credit                                                 8   -       10   -   13,722           12
    Secondary credit                                               0            0   -      757            0
    Seasonal credit                                                8   +        3   -        1            8
    Credit extended to American International
       Group, Inc., net (6)                                        0            0   -   24,975            0
    Term Asset-Backed Securities Loan Facility (7)            20,295   -      216   -   25,385       20,155
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (8)                                      0            0   -    7,749            0
  Net portfolio holdings of Maiden Lane LLC (9)               26,064   +       19   -    1,197       26,079
  Net portfolio holdings of Maiden Lane II LLC (10)           15,890   -      146   +      564       15,891
  Net portfolio holdings of Maiden Lane III LLC (11)          22,857   +       33   +      843       22,977
  Net portfolio holdings of TALF LLC (12)                        703            0   +      331          703
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (6)                                              0            0   -   25,106            0
  Float                                                       -1,837   -      267   +       51       -1,980
  Central bank liquidity swaps (13)                                0   -       70            0            0
  Other Federal Reserve assets (14)                          117,680   +    2,269   +   23,147      118,420
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (15)                            43,668   +       14   +      924       43,668

Total factors supplying reserve funds                      2,606,598   +   28,033   +  284,809    2,620,425
 
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    Mar 9, 2011
Federal Reserve Banks                                      Mar 9, 2011  Mar 2, 2011 Mar 10, 2010
 
Currency in circulation (15)                                 999,201   +    2,172   +   66,478    1,001,196
Reverse repurchase agreements (16)                            56,284   -    4,341   +    1,010       55,947
  Foreign official and international accounts                 56,284   -    4,341   +    1,010       55,947
  Others                                                           0            0            0            0
Treasury cash holdings                                           196   +       10   -        8          203
Deposits with F.R. Banks, other than reserve balances        118,819   -   36,275   +   26,966      111,613
  Term deposits held by depository institutions                5,070            0   +    5,070        5,070
  U.S. Treasury, general account                              35,841   -   11,217   -      301       28,671
  U.S. Treasury, supplementary financing account              74,985   -   24,995   +   24,992       74,985
  Foreign official                                               126   -       52   -    2,549          124
  Service-related                                              2,320            0   -      420        2,320
    Required clearing balances                                 2,320            0   -      420        2,320
    Adjustments to compensate for float                            0            0            0            0
  Other                                                          477   -       10   +      173          443
Funds from American International Group, Inc. asset
   dispositions, held as agent (6)                                 0            0            0            0
Other liabilities and capital (17)                            73,316   +       74   +    6,919       72,442

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,247,815   -   38,361   +  101,363    1,241,401

Reserve balances with Federal Reserve Banks                1,358,783   +   66,394   +  183,445    1,379,024
 
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    Mar 9, 2011
Memorandum item                                            Mar 9, 2011  Mar 2, 2011 Mar 10, 2010
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,396,735   +   12,285   +  414,956    3,397,644
  U.S. Treasury securities                                 2,636,354   +   12,728   +  425,447    2,638,397
  Federal agency securities (2)                              760,381   -      443   -   10,491      759,247
Securities lent to dealers                                    16,986   +    2,851   +   11,647       16,295
  Overnight facility (3)                                      16,986   +    2,851   +   11,647       16,295
    U.S. Treasury securities                                  16,195   +    3,342   +   11,615       15,622
    Federal agency debt securities                               791   -      491   +       32          673
 
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,      March 9, 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    
 
Other loans (1)                               12            8            0       20,155            0           ...       20,176
U.S. Treasury securities (2)
  Holdings                                16,005       26,086       57,572      538,702      452,158       175,546    1,266,069
  Weekly changes                      +    3,867   -    3,864            0   +   13,479   +   16,049    +      279   +   29,811
Federal agency debt securities (3)
  Holdings                                10,754       13,402       19,290       68,485       28,971         2,347      143,249
  Weekly changes                      +    7,499   -    7,499   +    1,014   -    1,014            0             0            0
Mortgage-backed securities (4)
  Holdings                                     0            0            0           21           24       948,887      948,932
  Weekly changes                               0            0            0            0   +        3    -        2            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)         55,947            0          ...          ...          ...           ...       55,947
Term deposits                              5,070            0            0          ...          ...           ...        5,070
 
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                                                                                                            Mar 9, 2011 
 
Mortgage-backed securities held outright (1)                                                                             948,932

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                                                                                                            Mar 9, 2011 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                             26,079

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 24,022
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         653
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,327
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
    December 31, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 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                                                                                                            Mar 9, 2011 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                          15,891

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 12,353
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         482
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                    1,078
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
    December 31, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 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                                                                                                            Mar 9, 2011 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         22,977

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 12,434
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         577
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,398
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
    December 31, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 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                                                                                                            Mar 9, 2011 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       703
Net portfolio holdings of TALF LLC                                                                                           703

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    Mar 9, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                       Mar 2, 2011 Mar 10, 2010
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,228    -       17   +       95
  Securities, repurchase agreements, term auction
     credit, and other loans                                             2,378,426    +   29,606   +  304,437
    Securities held outright (1)                                         2,358,250    +   29,811   +  383,477
      U.S. Treasury securities                                           1,266,069    +   29,811   +  489,478
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                     1,185,240    +   28,196   +  476,368
        Notes and bonds, inflation-indexed (2)                              55,857    +    1,500   +   12,080
        Inflation compensation (3)                                           6,549    +      115   +    1,030
      Federal agency debt securities (2)                                   143,249             0   -   25,762
      Mortgage-backed securities (4)                                       948,932             0   -   80,240
    Repurchase agreements (5)                                                    0             0            0
    Term auction credit                                                          0             0   -   15,425
    Other loans                                                             20,176    -      205   -   63,615
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (6)                                                    0             0   -    7,757
  Net portfolio holdings of Maiden Lane LLC (7)                             26,079    +       17   -    1,188
  Net portfolio holdings of Maiden Lane II LLC (8)                          15,891    +        1   +      560
  Net portfolio holdings of Maiden Lane III LLC (9)                         22,977    +      140   +      859
  Net portfolio holdings of TALF LLC (10)                                      703             0   +      331
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (11)                                                           0             0   -   25,106
  Items in process of collection                             (96)              180    -        4   -      119
  Bank premises                                                              2,214    +        1   -       24
  Central bank liquidity swaps (12)                                              0    -       70            0
  Other assets (13)                                                        116,206    +    2,352   +   23,211

Total assets                                                 (96)        2,581,140    +   32,025   +  295,297
 
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    Mar 9, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                       Mar 2, 2011 Mar 10, 2010
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                         959,955    +    2,242   +   66,332
  Reverse repurchase agreements (14)                                        55,947    -    6,514   +       44
  Deposits                                                    (0)        1,490,636    +   36,441   +  223,686
    Term deposits held by depository institutions                            5,070             0   +    5,070
    Other deposits held by depository institutions                       1,381,343    +   82,635   +  190,587
    U.S. Treasury, general account                                          28,671    -   20,871   +    5,379
    U.S. Treasury, supplementary financing account                          74,985    -   24,995   +   24,992
    Foreign official                                                           124    -      255   -    2,492
    Other                                                     (0)              443    -       74   +      148
  Deferred availability cash items                           (96)            2,160    -       52   -      157
  Other liabilities and accrued dividends (15)                              19,369    -      111   +    5,139

Total liabilities                                            (96)        2,528,067    +   32,006   +  295,043

Capital accounts
  Capital paid in                                                           26,536    +        9   +      460
  Surplus                                                                   26,536    +        9   +    1,147
  Other capital accounts                                                         0             0   -    1,353

Total capital                                                               53,073    +       19   +      255
 
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,      March 9, 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         369       4,038         404         463         846       1,385         887         324         203         296         652       1,170
  Special drawing rights certificate acct.       5,200         196       1,818         210         237         412         654         424         150          90         153         282         574
  Coin                                           2,228          52          79         177         162         375         177         343          32          60         160         232         376
  Securities, repurchase agreements,
     term auction credit, and other
     loans                                   2,378,426      59,680     982,456      55,072      80,123     268,579     223,156     177,780      60,744      32,288      80,902      99,024     258,622
    Securities held outright (1)             2,358,250      59,679     962,291      55,072      80,123     268,579     223,156     177,780      60,744      32,284      80,898      99,024     258,620
      U.S. Treasury securities               1,266,069      32,040     516,623      29,566      43,016     144,192     119,805      95,444      32,612      17,332      43,431      53,163     138,845
        Bills (2)                               18,423         466       7,517         430         626       2,098       1,743       1,389         475         252         632         774       2,020
        Notes and bonds (3)                  1,247,646      31,574     509,106      29,136      42,390     142,093     118,062      94,055      32,137      17,080      42,799      52,389     136,825
      Federal agency debt securities (2)       143,249       3,625      58,453       3,345       4,867      16,315      13,555      10,799       3,690       1,961       4,914       6,015      15,710
      Mortgage-backed securities (4)           948,932      24,014     387,215      22,160      32,241     108,073      89,795      71,537      24,443      12,991      32,552      39,846     104,066
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Term auction credit                              0           0           0           0           0           0           0           0           0           0           0           0           0
    Other loans                                 20,176           0      20,165           0           0           0           0           0           0           4           5           0           2
  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)                               26,079           0      26,079           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (8)                            15,891           0      15,891           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (9)                           22,977           0      22,977           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (10)          703           0         703           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                   276           6           0          44          69          10           7          26           9          31          31          22          21
  Bank premises                                  2,214         125         256          68         139         238         218         207         135         107         264         246         212
  Central bank liquidity swaps (12)                  0           0           0           0           0           0           0           0           0           0           0           0           0
  Other assets (13)                            116,206       3,206      44,120       4,795       5,011      15,697      10,007       7,401       2,537       2,075       3,315       4,178      13,865
  Interdistrict settlement account                   0   -  12,530   + 200,236   +  49,485   -  18,805   -  21,773   -  61,785   -  39,932   -  21,451   -   3,623   -  25,189   -   6,781   -  37,852

Total assets                                 2,581,236      51,104   1,298,653     110,254      67,399     264,383     173,818     147,136      42,480      31,231      59,933      97,855     236,988
 
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,      March 9, 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          1,115,906      42,719     378,846      46,123      46,313      90,061     140,384      85,234      32,029      19,630      32,731      75,856     125,979
    Less: Notes held by F.R. Banks             155,951       4,678      45,097       5,123       7,763      12,087      21,647      12,031       3,984       5,183       3,201      11,174      23,984
      Federal Reserve notes, net               959,955      38,042     333,750      41,000      38,549      77,974     118,737      73,204      28,046      14,447      29,529      64,683     101,995
  Reverse repurchase agreements (14)            55,947       1,416      22,829       1,307       1,901       6,372       5,294       4,218       1,441         766       1,919       2,349       6,136
  Deposits                                   1,490,636       9,493     912,283      62,250      22,333     168,113      45,913      67,639      12,247      13,729      27,565      29,576     119,495
    Term deposits held by depository
       institutions                              5,070          14       2,651         800          10         515           0         293          50          16           3           0         719
    Other deposits held by depository
       institutions                          1,381,343       9,468     805,655      61,446      22,320     167,505      45,911      67,312      12,142      13,709      27,560      29,575     118,739
    U.S. Treasury, general account              28,671           0      28,671           0           0           0           0           0           0           0           0           0           0
    U.S. Treasury, supplementary
       financing account                        74,985           0      74,985           0           0           0           0           0           0           0           0           0           0
    Foreign official                               124           1          96           4           3           8           2           1           0           1           0           1           6
    Other                                          443          10         225           1           0          84           0          33          55           3           1           0          31
  Deferred availability cash items               2,256          77           0         286         332         104         128         131          64         484         139         109         401
  Interest on Federal Reserve notes due
     to U.S. Treasury (15)                       1,412          34         636          15          41         139         137         109          38          15          52          61         134
  Other liabilities and accrued
     dividends (16)                             17,957         209      13,756         245         307         806         599         500         209         151         219         301         655

Total liabilities                            2,528,163      49,270   1,283,255     105,102      63,463     253,508     170,809     145,801      42,045      29,592      59,423      97,079     228,816

Capital
  Capital paid in                               26,536         917       7,699       2,576       1,968       5,438       1,505         668         218         820         255         388       4,086
  Surplus                                       26,536         917       7,699       2,576       1,968       5,438       1,505         668         218         820         255         388       4,086
  Other capital                                      0           0           0           0           0           0           0           0           0           0           0           0           0

Total liabilities and capital                2,581,236      51,104   1,298,653     110,254      67,399     264,383     173,818     147,136      42,480      31,231      59,933      97,855     236,988
 
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,      March 9, 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                                                        Mar 9, 2011 
 
Federal Reserve notes outstanding                                                          1,115,906
  Less: Notes held by F.R. Banks not subject to collateralization                            155,951
    Federal Reserve notes to be collateralized                                               959,955
Collateral held against Federal Reserve notes                                                959,955
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   943,718
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,358,250
  Less: Face value of securities under reverse repurchase agreements                          45,814
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,312,436
 
Note: Components may not sum to totals because of rounding.

1. Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright,
   compensation to adjust for the effect of inflation on the original face value of inflation-indexed
   securities, and cash value of repurchase agreements.
2. Includes securities lent to dealers under the overnight securities lending facility; refer to table
   1A.`

Statistical releases

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