---

`For release at
4:30 P.M. EST
January 20, 2011

The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions
and Condition Statement of Federal Reserve Banks," reflects the closing of the American
International Group, Inc. (AIG) recapitalization plan, which occurred on January 14, 2011.  The
recapitalization plan was designed to restructure and facilitate repayment of the financial support
provided to AIG by the U.S. Department of the Treasury (Treasury) and the Federal Reserve.  Upon
closing of the recapitalization plan, the cash proceeds from certain asset dispositions, specifically the
initial public offering of AIA Group Limited (AIA) and the sale of American Life Insurance
Company (ALICO), were used first to repay in full the credit extended to AIG by the FRBNY
under the revolving credit facility (AIG loan), including accrued interest and fees, and then to
redeem a portion of the FRBNY's preferred interests in ALICO Holdings LLC taken earlier by the
FRBNY in satisfaction of a portion of the AIG loan.  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.

The weekly average values shown in table 1 reflect, as of January 14, 2011, the repayment by AIG of
the "Credit extended to American International Group, Inc., net" and the "Preferred interests in
AIA Aurora LLC and ALICO Holdings LLC," and the distribution of the "Funds from American
International Group, Inc. asset dispositions, held as agent." 

The H.4.1 statistical release continues to show average amounts for "Credit extended to American
International Group, Inc., net," "Preferred interests in AIA Aurora LLC and ALICO Holdings
LLC," and "Funds from American International Group, Inc. asset dispositions, held as agent," even
though all funding commitments to AIG have been terminated, to provide a complete
disaggregation of changes in assets and liabilities from the corresponding week one year ago.

FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                             January 20, 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   Jan 19, 2011
Federal Reserve Banks                                     Jan 19, 2011 Jan 12, 2011 Jan 20, 2010
 
Reserve Bank credit                                        2,416,308   -   16,095   +  185,510    2,407,025
  Securities held outright (1)                             2,206,539   +   23,181   +  300,350    2,205,619
    U.S. Treasury securities                               1,071,619   +   26,894   +  295,010    1,079,578
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                           997,322   +   27,031   +  288,625    1,004,739
      Notes and bonds, inflation-indexed (2)                  49,674   -       69   +    5,773       50,372
      Inflation compensation (3)                               6,201   -       68   +      613        6,044
    Federal agency debt securities (2)                       146,204   -      288   -   14,979      145,885
    Mortgage-backed securities (4)                           988,717   -    3,424   +   20,319      980,157
  Repurchase agreements (5)                                        0            0            0            0
  Term auction credit                                              0            0   -   38,531            0
  Other loans                                                 26,628   -   17,815   -   59,534       23,688
    Primary credit                                                47   +       24   -   15,065           24
    Secondary credit                                               2   +        2   -      971            0
    Seasonal credit                                               10            0   +       10           10
    Credit extended to American International
       Group, Inc., net (6)                                    2,904   -   17,021   -   19,516            0
    Term Asset-Backed Securities Loan Facility (7)            23,666   -      820   -   23,991       23,654
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (8)                                      0            0   -   13,813            0
  Net portfolio holdings of Maiden Lane LLC (9)               26,460   -      549   -      284       26,393
  Net portfolio holdings of Maiden Lane II LLC (10)           15,946   +        3   +      540       15,951
  Net portfolio holdings of Maiden Lane III LLC (11)          22,545   -      668   +      134       22,428
  Net portfolio holdings of TALF LLC (12)                        665            0   +      367          665
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (6)                                          3,769   -   22,616   -   21,337            0
  Float                                                       -1,803   -      108   +      181       -2,294
  Central bank liquidity swaps (13)                               70            0   -    1,180           70
  Other Federal Reserve assets (14)                          115,488   +    2,476   +   18,615      114,503
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (15)                            43,591   +       14   +      864       43,591

Total factors supplying reserve funds                      2,476,140   -   16,081   +  186,374    2,466,857
 
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   Jan 19, 2011
Federal Reserve Banks                                     Jan 19, 2011 Jan 12, 2011 Jan 20, 2010
 
Currency in circulation (15)                                 978,521   +      284   +   59,234      978,549
Reverse repurchase agreements (16)                            53,787   +      233   -   10,250       52,932
  Foreign official and international accounts                 53,787   +      233   -   10,250       52,932
  Others                                                           0            0            0            0
Treasury cash holdings                                           195   +       13   -       59          203
Deposits with F.R. Banks, other than reserve balances        296,482   -      928   +  137,323      301,813
  Term deposits held by depository institutions                    0            0            0            0
  U.S. Treasury, general account                              58,958   -   30,149   -   84,950       94,123
  U.S. Treasury, supplementary financing account             199,961   -        2   +  194,960      199,961
  Foreign official                                             4,312   +      550   +    1,152        4,910
  Service-related                                              2,362   -       16   -      399        2,362
    Required clearing balances                                 2,362   -       16   -      399        2,362
    Adjustments to compensate for float                            0            0            0            0
  Other                                                       30,888   +   28,687   +   26,559          457
Funds from American International Group, Inc. asset
   dispositions, held as agent (6)                             3,842   -   23,054   +    3,842            0
Other liabilities and capital (17)                            72,100   +    2,244   +    3,951       71,764

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,404,928   -   21,207   +  194,043    1,405,262

Reserve balances with Federal Reserve Banks                1,071,212   +    5,126   -    7,669    1,061,595
 
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   Jan 19, 2011
Memorandum item                                           Jan 19, 2011 Jan 12, 2011 Jan 20, 2010
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,343,203   -    7,270   +  397,397    3,347,599
  U.S. Treasury securities                                 2,598,111   -   18,031   +  419,379    2,602,294
  Federal agency securities (2)                              745,092   +   10,761   -   21,982      745,305
Securities lent to dealers                                    15,023   +    2,297   +    8,806       18,208
  Overnight facility (3)                                      15,023   +    2,297   +    8,806       18,208
    U.S. Treasury securities                                  13,618   +    2,185   +    7,896       16,628
    Federal agency debt securities                             1,405   +      112   +      910        1,580
 
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,   January 19, 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)                               34            0            0       23,654            0           ...       23,688
U.S. Treasury securities (2)
  Holdings                                14,716       21,676       55,715      456,353      368,756       162,362    1,079,578
  Weekly changes                      -    2,735   +    4,508   +    1,461   +    3,745   +    9,648    +      890   +   17,517
Federal agency debt securities (3)
  Holdings                                 1,261       16,164       26,962       70,180       28,971         2,347      145,885
  Weekly changes                      -      446   +    2,428   -    1,683   +      881   -    1,626             0   -      446
Mortgage-backed securities (4)
  Holdings                                     0            0            0           23           22       980,112      980,157
  Weekly changes                               0            0            0   -        1            0    -   11,983   -   11,984
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)         52,932            0          ...          ...          ...           ...       52,932
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                                                                                                           Jan 19, 2011 
 
Mortgage-backed securities held outright (1)                                                                             980,157

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                                                                                                           Jan 19, 2011 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                             26,393

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)                                                         628
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,318
 
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
   September 30, 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                                                                                                           Jan 19, 2011 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                          15,951

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 12,777
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         460
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                    1,073
 
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
   September 30, 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                                                                                                           Jan 19, 2011 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         22,428

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)                                                         555
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,375
 
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
   September 30, 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                                                                                                           Jan 19, 2011 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       665
Net portfolio holdings of TALF LLC                                                                                           665

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   Jan 19, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Jan 12, 2011 Jan 20, 2010
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,246    +       32   +       96
  Securities, repurchase agreements, term auction
     credit, and other loans                                             2,229,308    -   15,185   +  194,118
    Securities held outright (1)                                         2,205,619    +    5,086   +  295,904
      U.S. Treasury securities                                           1,079,578    +   17,517   +  302,967
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                     1,004,739    +   17,114   +  295,867
        Notes and bonds, inflation-indexed (2)                              50,372    +      629   +    6,595
        Inflation compensation (3)                                           6,044    -      227   +      505
      Federal agency debt securities (2)                                   145,885    -      446   -   16,318
      Mortgage-backed securities (4)                                       980,157    -   11,984   +    9,256
    Repurchase agreements (5)                                                    0             0            0
    Term auction credit                                                          0             0   -   38,531
    Other loans                                                             23,688    -   20,271   -   63,256
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (6)                                                    0             0   -   13,111
  Net portfolio holdings of Maiden Lane LLC (7)                             26,393    -      613   -      365
  Net portfolio holdings of Maiden Lane II LLC (8)                          15,951    +        5   +      536
  Net portfolio holdings of Maiden Lane III LLC (9)                         22,428    -      851   -       43
  Net portfolio holdings of TALF LLC (10)                                      665             0   +      367
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (11)                                                           0    -   26,385   -   25,106
  Items in process of collection                            (210)              465    +       44   -      202
  Bank premises                                                              2,222    +        2   -       21
  Central bank liquidity swaps (12)                                             70             0   -    1,180
  Other assets (13)                                                        112,282    +       58   +   18,084

Total assets                                                (210)        2,428,268    -   42,891   +  173,175
 
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   Jan 19, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Jan 12, 2011 Jan 20, 2010
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                         937,404    +      442   +   58,082
  Reverse repurchase agreements (14)                                        52,932    -      339   -    9,998
  Deposits                                                    (0)        1,363,408    -   18,505   +  121,297
    Term deposits held by depository institutions                                0             0            0
    Other deposits held by depository institutions                       1,063,957    -   33,884   +      915
    U.S. Treasury, general account                                          94,123    +   18,554   -   76,314
    U.S. Treasury, supplementary financing account                         199,961    -        2   +  194,960
    Foreign official                                                         4,910    +    1,162   +    1,695
    Other                                                     (0)              457    -    4,336   +       42
  Deferred availability cash items                          (210)            2,759    +      661   -      835
  Other liabilities and accrued dividends (15)                              18,701    -   25,161   +    3,553

Total liabilities                                           (210)        2,375,205    -   42,901   +  172,099

Capital accounts
  Capital paid in                                                           26,531    +        5   +      882
  Surplus                                                                   26,531    +        5   +    1,339
  Other capital accounts                                                         0             0   -    1,147

Total capital                                                               53,063    +       10   +    1,076
 
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,   January 19, 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                                           2,246          48          72         177         170         364         195         347          37          61         164         246         365
  Securities, repurchase agreements,
     term auction credit, and other
     loans                                   2,229,308      55,829     923,665      51,508      74,937     251,201     208,715     166,276      56,813      30,194      75,672      92,615     241,883
    Securities held outright (1)             2,205,619      55,817     900,009      51,508      74,937     251,196     208,712     166,274      56,813      30,194      75,662      92,615     241,882
      U.S. Treasury securities               1,079,578      27,321     440,525      25,211      36,679     122,952     102,158      81,385      27,808      14,779      37,034      45,332     118,393
        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)                  1,061,155      26,854     433,007      24,781      36,053     120,854     100,415      79,997      27,333      14,527      36,402      44,558     116,373
      Federal agency debt securities (2)       145,885       3,692      59,529       3,407       4,957      16,615      13,805      10,998       3,758       1,997       5,004       6,126      15,999
      Mortgage-backed securities (4)           980,157      24,804     399,956      22,889      33,302     111,629      92,750      73,890      25,247      13,418      33,623      41,157     107,490
    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                                 23,688          12      23,656           0           0           5           2           2           0           0          10           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)                               26,393           0      26,393           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (8)                            15,951           0      15,951           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (9)                           22,428           0      22,428           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (10)          665           0         665           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                   675          13           0         107         103          45         134          74          17          41          38          24          78
  Bank premises                                  2,222         126         256          68         140         239         218         208         136         107         265         247         213
  Central bank liquidity swaps (12)                 70           3          20           8           5          19           4           2           1           2           1           1           5
  Other assets (13)                            112,282       3,175      42,636       4,892       4,882      17,145       9,751       7,088       2,483       1,933       3,169       3,990      11,137
  Interdistrict settlement account                   0   -   8,521   + 280,618   +  38,665   -  20,541   -  98,012   -  57,939   -  38,547   -  19,425   -   7,985   -  19,191   -   7,260   -  41,863

Total assets                                 2,428,477      51,237   1,318,563      96,039      60,398     172,259     163,118     136,758      40,536      24,646      60,566      90,797     213,561
 
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,   January 19, 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          1,119,074      41,096     382,177      45,390      46,060      90,008     141,388      85,940      32,283      19,819      33,096      75,826     125,989
    Less: Notes held by F.R. Banks             181,669       4,943      61,025       5,170       8,432      13,761      21,364      12,783       4,688       5,844       3,919      12,140      27,600
      Federal Reserve notes, net               937,404      36,154     321,151      40,220      37,628      76,247     120,023      73,158      27,595      13,975      29,177      63,686      98,390
  Reverse repurchase agreements (14)            52,932       1,340      21,599       1,236       1,798       6,028       5,009       3,990       1,363         725       1,816       2,223       5,805
  Deposits                                   1,363,408      11,557     946,293      48,726      16,385      77,989      34,181      57,523      10,821       7,712      28,668      23,641      99,912
    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                          1,063,957      11,550     647,126      48,718      16,381      77,846      34,179      57,496      10,762       7,708      28,667      23,639      99,885
    U.S. Treasury, general account              94,123           0      94,123           0           0           0           0           0           0           0           0           0           0
    U.S. Treasury, supplementary
       financing account                       199,961           0     199,961           0           0           0           0           0           0           0           0           0           0
    Foreign official                             4,910           1       4,882           4           3          11           2           1           0           1           0           1           3
    Other                                          457           5         201           3           1         133           0          26          58           3           1           1          24
  Deferred availability cash items               2,969         115           0         449         329         161         208         218         109         438         161         153         628
  Interest on Federal Reserve notes due
     to U.S. Treasury (15)                       2,895          54       1,742          67          90         318         162         111          37          32          45          65         171
  Other liabilities and accrued
     dividends (16)                             15,807         186      12,411         192         233         636         494         412         181         125         185         256         495

Total liabilities                            2,375,415      49,405   1,303,196      90,889      56,463     161,381     160,078     135,413      40,106      23,007      60,051      90,024     205,401

Capital
  Capital paid in                               26,531         916       7,683       2,575       1,968       5,439       1,520         673         215         819         257         387       4,080
  Surplus                                       26,531         916       7,683       2,575       1,968       5,439       1,520         673         215         819         257         387       4,080
  Other capital                                      0           0           0           0           0           0           0           0           0           0           0           0           0

Total liabilities and capital                2,428,477      51,237   1,318,563      96,039      60,398     172,259     163,118     136,758      40,536      24,646      60,566      90,797     213,561
 
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,   January 19, 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                                                       Jan 19, 2011 
 
Federal Reserve notes outstanding                                                          1,119,074
  Less: Notes held by F.R. Banks not subject to collateralization                            181,669
    Federal Reserve notes to be collateralized                                               937,404
Collateral held against Federal Reserve notes                                                937,404
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   921,167
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,205,619
  Less: Face value of securities under reverse repurchase agreements                          46,550
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,159,069
 
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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