---

`FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                            February 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    Feb 9, 2011
Federal Reserve Banks                                      Feb 9, 2011  Feb 2, 2011 Feb 10, 2010
 
Reserve Bank credit                                        2,469,428   +   30,947   +  236,212    2,483,213
  Securities held outright (1)                             2,263,508   +   28,341   +  350,085    2,276,788
    U.S. Treasury securities                               1,153,807   +   28,341   +  377,207    1,167,087
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                         1,076,841   +   26,596   +  367,969    1,090,111
      Notes and bonds, inflation-indexed (2)                  52,366   +    1,636   +    8,589       52,366
      Inflation compensation (3)                               6,178   +      110   +      649        6,187
    Federal agency debt securities (2)                       144,624            0   -   20,812      144,624
    Mortgage-backed securities (4)                           965,077            0   -    6,309      965,077
  Repurchase agreements (5)                                        0            0            0            0
  Term auction credit                                              0            0   -   38,531            0
  Other loans                                                 22,407   -      518   -   65,289       22,112
    Primary credit                                                48   -        3   -   14,514           18
    Secondary credit                                               0            0   -      900            0
    Seasonal credit                                                0   -        6   -        1            0
    Credit extended to American International
       Group, Inc., net (6)                                        0            0   -   25,642            0
    Term Asset-Backed Securities Loan Facility (7)            22,359   -      509   -   24,231       22,094
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (8)                                      0            0   -    8,504            0
  Net portfolio holdings of Maiden Lane LLC (9)               26,542   +       95   -      331       26,565
  Net portfolio holdings of Maiden Lane II LLC (10)           16,035   +       28   +      773       16,038
  Net portfolio holdings of Maiden Lane III LLC (11)          22,914   +      410   +      708       23,028
  Net portfolio holdings of TALF LLC (12)                        686            0   +      352          686
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (6)                                              0            0   -   25,106            0
  Float                                                       -1,702   -      411   +      242       -2,285
  Central bank liquidity swaps (13)                               70            0   -       30           70
  Other Federal Reserve assets (14)                          118,968   +    3,004   +   21,842      120,211
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (15)                            43,633   +       14   +      891       43,633

Total factors supplying reserve funds                      2,529,302   +   30,961   +  237,102    2,543,086
 
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    Feb 9, 2011
Federal Reserve Banks                                      Feb 9, 2011  Feb 2, 2011 Feb 10, 2010
 
Currency in circulation (15)                                 986,051   +    8,404   +   60,092      988,409
Reverse repurchase agreements (16)                            59,499   -      405   +    6,014       56,022
  Foreign official and international accounts                 59,499   -      405   +    6,014       56,022
  Others                                                           0            0            0            0
Treasury cash holdings                                           179   +        2   -       26          179
Deposits with F.R. Banks, other than reserve balances        259,121   -   42,272   +  166,826      240,429
  Term deposits held by depository institutions                    0            0            0            0
  U.S. Treasury, general account                              81,217   -   16,097   +    1,355       62,516
  U.S. Treasury, supplementary financing account             174,967   -   24,996   +  169,967      174,967
  Foreign official                                               127   -    1,041   -    3,528          118
  Service-related                                              2,352   -        1   -      400        2,352
    Required clearing balances                                 2,352   -        1   -      400        2,352
    Adjustments to compensate for float                            0            0            0            0
  Other                                                          458   -      137   -      567          477
Funds from American International Group, Inc. asset
   dispositions, held as agent (6)                                 0            0            0            0
Other liabilities and capital (17)                            72,054   +      815   +    5,873       71,144

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,376,904   -   33,455   +  238,779    1,356,183

Reserve balances with Federal Reserve Banks                1,152,398   +   64,416   -    1,677    1,186,903
 
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    Feb 9, 2011
Memorandum item                                            Feb 9, 2011  Feb 2, 2011 Feb 10, 2010
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,363,102   +    7,260   +  406,969    3,367,576
  U.S. Treasury securities                                 2,613,441   +    7,188   +  423,322    2,618,480
  Federal agency securities (2)                              749,661   +       72   -   16,353      749,096
Securities lent to dealers                                    18,668   +    1,926   +   14,191       21,693
  Overnight facility (3)                                      18,668   +    1,926   +   14,191       21,693
    U.S. Treasury securities                                  17,430   +    2,122   +   13,670       20,457
    Federal agency debt securities                             1,238   -      196   +      522        1,236
 
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,   February 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)                               18            0            0       22,094            0           ...       22,112
U.S. Treasury securities (2)
  Holdings                                17,657       22,752       52,339      490,485      414,155       169,700    1,167,087
  Weekly changes                      +    3,867   -    3,866            0   +    7,278   +   17,237    +    4,406   +   28,921
Federal agency debt securities (3)
  Holdings                                   505       19,001       23,620       70,180       28,971         2,347      144,624
  Weekly changes                      +      246   -      246            0            0            0             0            0
Mortgage-backed securities (4)
  Holdings                                     0            0            0           23           22       965,032      965,077
  Weekly changes                               0            0            0            0   +        1    -        1            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)              70            0            0            0            0             0           70

Reverse repurchase agreements (6)         56,022            0          ...          ...          ...           ...       56,022
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                                                                                                            Feb 9, 2011 
 
Mortgage-backed securities held outright (1)                                                                             965,077

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                                                                                                            Feb 9, 2011 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                             26,565

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 24,585
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         639
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,322
 
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                                                                                                            Feb 9, 2011 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                          16,038

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 12,551
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         470
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                    1,075
 
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                                                                                                            Feb 9, 2011 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         23,028

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 12,668
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         564
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,385
 
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                                                                                                            Feb 9, 2011 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       686
Net portfolio holdings of TALF LLC                                                                                           686

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)                                        106
 
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    Feb 9, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                       Feb 2, 2011 Feb 10, 2010
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,309    -       12   +       86
  Securities, repurchase agreements, term auction
     credit, and other loans                                             2,298,900    +   28,430   +  254,260
    Securities held outright (1)                                         2,276,788    +   28,921   +  358,383
      U.S. Treasury securities                                           1,167,087    +   28,921   +  390,495
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                     1,090,111    +   28,896   +  381,239
        Notes and bonds, inflation-indexed (2)                              52,366             0   +    8,589
        Inflation compensation (3)                                           6,187    +       25   +      666
      Federal agency debt securities (2)                                   144,624             0   -   20,324
      Mortgage-backed securities (4)                                       965,077             0   -   11,788
    Repurchase agreements (5)                                                    0             0            0
    Term auction credit                                                          0             0   -   38,531
    Other loans                                                             22,112    -      491   -   65,592
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (6)                                                    0             0   -    7,708
  Net portfolio holdings of Maiden Lane LLC (7)                             26,565    +       27   -      615
  Net portfolio holdings of Maiden Lane II LLC (8)                          16,038    +        4   +      558
  Net portfolio holdings of Maiden Lane III LLC (9)                         23,028    +      133   +      649
  Net portfolio holdings of TALF LLC (10)                                      686             0   +      352
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (11)                                                           0             0   -   25,106
  Items in process of collection                             (86)              -57    -      622   -      532
  Bank premises                                                              2,216             0   -       23
  Central bank liquidity swaps (12)                                             70             0   -       30
  Other assets (13)                                                        117,990    +    3,360   +   22,142

Total assets                                                 (86)        2,503,981    +   31,319   +  244,032
 
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    Feb 9, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                       Feb 2, 2011 Feb 10, 2010
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                         947,260    +    5,639   +   58,168
  Reverse repurchase agreements (14)                                        56,022    -    1,880   +    2,885
  Deposits                                                    (0)        1,427,327    +   27,551   +  184,065
    Term deposits held by depository institutions                                0             0            0
    Other deposits held by depository institutions                       1,189,250    +  107,934   +   25,653
    U.S. Treasury, general account                                          62,516    -   55,359   -    5,566
    U.S. Treasury, supplementary financing account                         174,967    -   24,996   +  169,967
    Foreign official                                                           118    -       12   -    2,671
    Other                                                     (0)              477    -       15   -    3,317
  Deferred availability cash items                           (86)            2,228    +      305   -      149
  Other liabilities and accrued dividends (15)                              18,122    -      282   -    1,135

Total liabilities                                            (86)        2,450,959    +   31,332   +  243,833

Capital accounts
  Capital paid in                                                           26,511    -        7   +      834
  Surplus                                                                   26,511    -        7   +    1,282
  Other capital accounts                                                         0             0   -    1,917

Total capital                                                               53,022    -       13   +      199
 
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,   February 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                                           2,309          50          75         176         177         378         202         349          36          63         167         248         387
  Securities, repurchase agreements,
     term auction credit, and other
     loans                                   2,298,900      57,618     951,144      53,170      77,358     259,302     215,453     171,639      58,646      31,172      78,104      95,603     249,691
    Securities held outright (1)             2,276,788      57,618     929,050      53,170      77,355     259,302     215,447     171,639      58,646      31,169      78,103      95,603     249,687
      U.S. Treasury securities               1,167,087      29,535     476,233      27,255      39,653     132,919     110,439      87,982      30,062      15,977      40,036      49,007     127,990
        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)                  1,148,664      29,069     468,716      26,825      39,027     130,820     108,695      86,594      29,588      15,725      39,404      48,233     125,970
      Federal agency debt securities (2)       144,624       3,660      59,014       3,377       4,914      16,471      13,685      10,903       3,725       1,980       4,961       6,073      15,860
      Mortgage-backed securities (4)           965,077      24,423     393,803      22,537      32,789     109,912      91,323      72,754      24,859      13,212      33,106      40,524     105,836
    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                                 22,112           0      22,094           0           3           0           6           0           0           4           1           0           5
  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)                               26,565           0      26,565           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (8)                            16,038           0      16,038           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (9)                           23,028           0      23,028           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (10)          686           0         686           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                    28           5           0          36          61           9        -230          47           9          22          28          24          19
  Bank premises                                  2,216         126         255          68         140         239         217         207         136         107         264         246         213
  Central bank liquidity swaps (12)                 70           2          20           7           5          14           4           2           1           2           1           1          11
  Other assets (13)                            117,990       3,260      44,903       4,711       5,074      15,900      10,190       7,546       2,604       2,100       3,384       4,262      14,055
  Interdistrict settlement account                   0   -  10,682   + 266,068   +  42,201   -  29,369   -  54,951   -  61,651   -  37,351   -  19,792   -   5,957   -  24,499   -   5,587   -  58,431

Total assets                                 2,504,066      50,944   1,334,638     100,983      54,147     222,149     166,223     143,748      42,114      27,804      57,897      95,731     207,689
 
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,   February 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          1,116,383      41,273     380,476      45,889      46,107      90,194     140,070      85,734      32,203      19,753      33,017      75,451     126,216
    Less: Notes held by F.R. Banks             169,123       4,942      52,731       5,293       8,862      13,039      22,439      12,073       4,090       5,484       3,807      10,555      25,809
      Federal Reserve notes, net               947,260      36,332     327,745      40,596      37,245      77,154     117,631      73,661      28,112      14,269      29,210      64,896     100,408
  Reverse repurchase agreements (14)            56,022       1,418      22,860       1,308       1,903       6,380       5,301       4,223       1,443         767       1,922       2,352       6,144
  Deposits                                   1,427,327      11,073     954,974      53,393      10,381     126,809      39,501      63,826      11,838      10,550      25,883      27,270      91,829
    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                          1,189,250      11,051     717,178      53,389      10,378     126,683      39,499      63,802      11,784      10,545      25,881      27,269      91,791
    U.S. Treasury, general account              62,516           0      62,516           0           0           0           0           0           0           0           0           0           0
    U.S. Treasury, supplementary
       financing account                       174,967           0     174,967           0           0           0           0           0           0           0           0           0           0
    Foreign official                               118           1          89           4           3           8           2           1           0           1           0           1           6
    Other                                          477          21         224           1           0         117           0          24          53           3           1           0          32
  Deferred availability cash items               2,314          71           0         315         375          97         124         139          66         430         129         110         459
  Interest on Federal Reserve notes due
     to U.S. Treasury (15)                       1,263          30         578           6          32         127         122          99          35          12          47          56         120
  Other liabilities and accrued
     dividends (16)                             16,858         189      13,114         215         274         708         536         453         193         137         197         272         569

Total liabilities                            2,451,045      49,112   1,319,270      95,834      50,211     211,276     163,217     142,401      41,687      26,165      57,388      94,956     199,528

Capital
  Capital paid in                               26,511         916       7,684       2,575       1,968       5,437       1,503         673         213         820         255         388       4,080
  Surplus                                       26,511         916       7,684       2,575       1,968       5,437       1,503         673         213         820         255         388       4,080
  Other capital                                      0           0           0           0           0           0           0           0           0           0           0           0           0

Total liabilities and capital                2,504,066      50,944   1,334,638     100,983      54,147     222,149     166,223     143,748      42,114      27,804      57,897      95,731     207,689
 
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,   February 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                                                        Feb 9, 2011 
 
Federal Reserve notes outstanding                                                          1,116,383
  Less: Notes held by F.R. Banks not subject to collateralization                            169,123
    Federal Reserve notes to be collateralized                                               947,260
Collateral held against Federal Reserve notes                                                947,260
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   931,023
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,276,788
  Less: Face value of securities under reverse repurchase agreements                          49,685
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,227,103
 
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: February 10, 2011