FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks July 8, 2010 1. Factors Affecting Reserve Balances of Depository Institutions Millions of dollars Reserve Bank credit, related items, and Averages of daily figures Wednesday reserve balances of depository institutions at Week ended Change from week ended Jul 7, 2010 Federal Reserve Banks Jul 7, 2010 Jun 30, 2010 Jul 8, 2009 Reserve Bank credit 2,314,607 - 1,655 + 337,166 2,313,844 Securities held outright (1) 2,060,028 - 1,473 + 831,263 2,060,049 U.S. Treasury securities 776,994 + 12 + 108,505 776,997 Bills (2) 18,423 0 0 18,423 Notes and bonds, nominal (2) 712,023 0 + 109,812 712,023 Notes and bonds, inflation-indexed (2) 41,125 0 - 1,678 41,125 Inflation compensation (3) 5,423 + 13 + 371 5,426 Federal agency debt securities (2) 164,762 - 487 + 66,934 164,762 Mortgage-backed securities (4) 1,118,272 - 999 + 655,823 1,118,290 Repurchase agreements (5) 0 0 0 0 Term auction credit 0 0 - 273,706 0 Other loans 67,032 - 815 - 49,335 66,925 Primary credit 41 - 121 - 34,925 17 Secondary credit 1 - 78 + 1 0 Seasonal credit 69 - 1 - 1 70 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 0 0 - 12,610 0 Credit extended to American International Group, Inc., net (6) 24,570 - 287 - 19,192 24,560 Term Asset-Backed Securities Loan Facility (7) 42,352 - 329 + 17,393 42,278 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (8) 1 0 - 114,161 1 Net portfolio holdings of Maiden Lane LLC (9) 28,502 + 73 + 2,572 28,526 Net portfolio holdings of Maiden Lane II LLC (10) 15,732 + 19 - 192 15,545 Net portfolio holdings of Maiden Lane III LLC (11) 23,168 - 32 + 3,664 22,925 Net portfolio holdings of TALF LLC (12) 506 0 + 506 506 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (13) 25,733 + 272 + 25,733 25,733 Float -1,974 - 310 + 215 -2,759 Central bank liquidity swaps (14) 1,245 0 - 108,193 1,245 Other Federal Reserve assets (15) 94,634 + 612 + 18,800 95,148 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 + 3,000 5,200 Treasury currency outstanding (16) 43,182 + 14 + 717 43,182 Total factors supplying reserve funds 2,374,030 - 1,641 + 340,883 2,373,267 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 1. Factors Affecting Reserve Balances of Depository Institutions (continued) Millions of dollars Reserve Bank credit, related items, and Averages of daily figures Wednesday reserve balances of depository institutions at Week ended Change from week ended Jul 7, 2010 Federal Reserve Banks Jul 7, 2010 Jun 30, 2010 Jul 8, 2009 Currency in circulation (16) 947,799 + 6,426 + 35,809 948,680 Reverse repurchase agreements (17) 65,246 + 322 - 4,936 62,904 Foreign official and international accounts 65,246 + 322 - 4,936 62,904 Dealers 0 0 0 0 Treasury cash holdings 235 + 6 - 106 246 Deposits with F.R. Banks, other than reserve balances 241,602 - 11,891 - 2,713 233,272 Term deposits held by depository institutions 2,122 + 970 + 2,122 2,122 U.S. Treasury, general account 25,984 - 14,128 - 8,216 16,475 U.S. Treasury, supplementary financing account 199,963 - 2 + 24 199,963 Foreign official 1,618 - 171 - 962 1,646 Service-related 2,472 - 3 - 1,717 2,472 Required clearing balances 2,472 - 3 - 1,717 2,472 Adjustments to compensate for float 0 0 0 0 Other 9,442 + 1,444 + 6,034 10,593 Other liabilities and capital (18) 72,118 - 238 + 17,327 71,512 Total factors, other than reserve balances, absorbing reserve funds 1,327,000 - 5,376 + 45,381 1,316,615 Reserve balances with Federal Reserve Banks 1,047,031 + 3,736 + 295,503 1,056,652 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight and term securities lending facilities; 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. Includes outstanding principal and capitalized interest net of unamortized deferred commitment fees and allowance for loan restructuring. Excludes credit extended to consolidated LLCs. 7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 8. Refer to table 7 and the note on consolidation accompanying table 11. 9. Refer to table 4 and the note on consolidation accompanying table 11. 10. Refer to table 5 and the note on consolidation accompanying table 11. 11. Refer to table 6 and the note on consolidation accompanying table 11. 12. Refer to table 8 and the note on consolidation accompanying table 11. 13. Refer to table 9. 14. 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. 15. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 16. Estimated. 17. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt securities. 18. Includes the liabilities of Commercial Paper Funding Facility LLC, 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 8 and the note on consolidation accompanying table 11. Sources: Federal Reserve Banks and the U.S. Department of the Treasury. 1A. Memorandum Items Millions of dollars Averages of daily figures Wednesday Week ended Change from week ended Jul 7, 2010 Memorandum item Jul 7, 2010 Jun 30, 2010 Jul 8, 2009 Marketable securities held in custody for foreign official and international accounts (1) 3,100,496 + 2,796 + 313,809 3,102,236 U.S. Treasury securities 2,277,956 + 5,006 + 295,991 2,279,312 Federal agency securities (2) 822,540 - 2,210 + 17,818 822,924 Securities lent to dealers 7,041 - 239 - 3,101 6,707 Overnight facility (3) 7,041 - 239 + 1,149 6,707 U.S. Treasury securities 5,125 - 521 - 767 4,822 Federal agency debt securities 1,916 + 283 + 1,916 1,885 Term facility (4) 0 0 - 4,250 0 Note: Components may not sum to totals because of rounding. 1. Face value of the securities. Includes U.S. Treasury STRIPS, other zero-coupon bonds, and mortgage-backed securities at face value. 2. Includes debt and mortgage-backed securities. 3. Fully collateralized by U.S. Treasury securities. 4. U.S. Treasury securities only. Fully collateralized by U.S. Treasury securities, federal agency securities, and other highly rated debt securities. 2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, July 7, 2010 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) 29 59 0 66,838 0 ... 66,925 U.S. Treasury securities (2) Holdings 12,508 20,437 52,950 332,053 215,213 143,837 776,997 Weekly changes - 3,520 + 6,671 - 3,149 + 2 + 2 + 3 + 8 Federal agency debt securities (3) Holdings 5,381 5,276 39,035 79,175 33,548 2,347 164,762 Weekly changes + 2,730 - 2,730 + 1,634 - 1,634 0 0 0 Mortgage-backed securities (4) Holdings 0 0 0 31 20 1,118,239 1,118,290 Weekly changes 0 0 0 + 1 + 1 + 162 + 163 Commercial paper held by Commercial Paper Funding Facility LLC (5) 0 0 0 ... ... ... 0 Asset-backed securities held by TALF LLC (6) 0 0 0 0 0 0 0 Repurchase agreements (7) 0 0 ... ... ... ... 0 Central bank liquidity swaps (8) 0 1,245 0 0 0 0 1,245 Reverse repurchase agreements (7) 62,904 0 ... ... ... ... 62,904 Term deposits 0 2,122 0 ... ... ... 2,122 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 Commercial Paper Funding Facility LLC, 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 commercial paper held by Commercial Paper Funding Facility LLC. 6. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets. 7. Cash value of agreements. 8. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 3. Supplemental Information on Mortgage-Backed Securities Purchase Program Millions of dollars Wednesday Account name Jul 7, 2010 Mortgage-backed securities held outright (1) 1,118,290 Commitments to buy mortgage-backed securities (2) 24,021 Commitments to sell mortgage-backed securities (2) 8,500 Cash and cash equivalents (3) 324 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 as well as dollar rolls. 3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 10 and table 11. 4. Information on Principal Accounts of Maiden Lane LLC Millions of dollars Wednesday Account name Jul 7, 2010 Net portfolio holdings of Maiden Lane LLC (1) 28,526 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 28,820 Accrued interest payable to the Federal Reserve Bank of New York (2) 516 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,282 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of March 31, 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 11. 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 10 and table 11. Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY. 5. Information on Principal Accounts of Maiden Lane II LLC Millions of dollars Wednesday Account name Jul 7, 2010 Net portfolio holdings of Maiden Lane II LLC (1) 15,545 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 14,089 Accrued interest payable to the Federal Reserve Bank of New York (2) 365 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,054 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of March 31, 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 11. 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 10 and table 11. Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries. 6. Information on Principal Accounts of Maiden Lane III LLC Millions of dollars Wednesday Account name Jul 7, 2010 Net portfolio holdings of Maiden Lane III LLC (1) 22,925 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 15,469 Accrued interest payable to the Federal Reserve Bank of New York (2) 452 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,281 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of March 31, 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 11. 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 10 and table 11. 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 Commercial Paper Funding Facility LLC Millions of dollars Wednesday Account name Jul 7, 2010 Commercial paper holdings, net (1) 0 Other investments, net 1 Net portfolio holdings of Commercial Paper Funding Facility LLC 1 Memorandum: Commercial paper holdings, face value 0 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 1. Book value, which includes amortized cost and related fees. 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 11. Note: On October 27, 2008, the Federal Reserve Bank of New York began extending loans under the authority of section 13(3) of the Federal Reserve Act to Commercial Paper Funding Facility LLC. This LLC is a limited liability company formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers and thereby foster liquidity in short-term funding markets and increase the availability of credit for businesses and households. 8. Information on Principal Accounts of TALF LLC Millions of dollars Wednesday Account name Jul 7, 2010 Asset-backed securities holdings (1) 0 Other investments, net 506 Net portfolio holdings of TALF LLC 506 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) 104 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 11. 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 10 and table 11. 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 $20 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. 9. Supplemental Information on the Federal Reserve Bank of New York's Preferred Interests in AIA Aurora LLC and ALICO Holdings LLC Millions of dollars Wednesday Account name Jul 7, 2010 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (1) 25,733 Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC (2) 25 Preferred interests in AIA Aurora LLC (1) 16,469 Accrued dividends on preferred interests in AIA Aurora LLC (2) 16 Preferred interests in ALICO Holdings LLC (1) 9,264 Accrued dividends on preferred interests in ALICO Holdings LLC (2) 9 Note: Components may not sum to totals because of rounding. 1. Book value. 2. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 10 and table 11. Note on preferred interests: In conjunction with the restructuring of the government's assistance to American International Group, Inc. (AIG) announced March 2, 2009, the outstanding balance and amount available of revolving credit provided to AIG by the FRBNY has been reduced in exchange for preferred interests in two special purpose vehicles, AIA Aurora LLC and ALICO Holdings LLC. These two limited liability companies were created to directly or indirectly hold all of the outstanding common stock of American International Assurance Company Ltd. (AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG. AIG will retain control of AIA Aurora LLC and ALICO Holdings LLC, and the FRBNY will have certain consent, disposition, and conversion rights with respect to its preferred interests. Dividends accrue as a percentage of the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. On a quarterly basis, the accrued dividends are capitalized and added to the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. 10. Consolidated Statement of Condition of All Federal Reserve Banks Millions of dollars Eliminations from Wednesday Change since consolidation Jul 7, 2010 Wednesday Wednesday Assets, liabilities, and capital Jun 30, 2010 Jul 8, 2009 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 + 3,000 Coin 1,958 - 17 + 181 Securities, repurchase agreements, term auction credit, and other loans 2,126,975 - 728 + 507,005 Securities held outright (1) 2,060,049 + 171 + 826,268 U.S. Treasury securities 776,997 + 8 + 103,497 Bills (2) 18,423 0 0 Notes and bonds, nominal (2) 712,023 0 + 104,812 Notes and bonds, inflation-indexed (2) 41,125 0 - 1,678 Inflation compensation (3) 5,426 + 9 + 363 Federal agency debt securities (2) 164,762 0 + 66,934 Mortgage-backed securities (4) 1,118,290 + 163 + 655,837 Repurchase agreements (5) 0 0 0 Term auction credit 0 0 - 273,706 Other loans 66,925 - 900 - 45,557 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 1 0 - 112,893 Net portfolio holdings of Maiden Lane LLC (7) 28,526 + 28 + 2,571 Net portfolio holdings of Maiden Lane II LLC (8) 15,545 - 218 - 197 Net portfolio holdings of Maiden Lane III LLC (9) 22,925 - 283 + 4,146 Net portfolio holdings of TALF LLC (10) 506 0 + 506 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (11) 25,733 0 + 25,733 Items in process of collection (97) 666 + 402 + 295 Bank premises 2,230 - 5 + 31 Central bank liquidity swaps (12) 1,245 0 - 107,899 Other assets (13) 92,911 + 1,983 + 18,391 Total assets (97) 2,335,457 + 1,161 + 340,869 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 10. Consolidated Statement of Condition of All Federal Reserve Banks (continued) Millions of dollars Eliminations from Wednesday Change since consolidation Jul 7, 2010 Wednesday Wednesday Assets, liabilities, and capital Jun 30, 2010 Jul 8, 2009 Liabilities Federal Reserve notes, net of F.R. Bank holdings 907,698 + 3,568 + 34,942 Reverse repurchase agreements (14) 62,904 - 4,319 - 4,940 Deposits (0) 1,289,917 + 118 + 293,925 Term deposits held by depository institutions 2,122 + 970 + 2,122 Other deposits held by depository institutions 1,059,117 + 86,780 + 309,963 U.S. Treasury, general account 16,475 - 71,140 - 20,435 U.S. Treasury, supplementary financing account 199,963 - 2 + 24 Foreign official 1,646 + 432 - 1,387 Other (0) 10,593 - 16,923 + 3,636 Deferred availability cash items (97) 3,426 + 1,214 + 723 Other liabilities and accrued dividends (15) 14,578 - 151 + 8,807 Total liabilities (97) 2,278,523 + 429 + 333,456 Capital accounts Capital paid in 26,660 + 40 + 2,149 Surplus 25,804 + 6 + 4,531 Other capital accounts 4,470 + 686 + 733 Total capital 56,934 + 732 + 7,413 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight and term securities lending facilities; 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. Refer to table 7 and the note on consolidation accompanying table 11. 7. Refer to table 4 and the note on consolidation accompanying table 11. 8. Refer to table 5 and the note on consolidation accompanying table 11. 9. Refer to table 6 and the note on consolidation accompanying table 11. 10. Refer to table 8 and the note on consolidation accompanying table 11. 11. Refer to table 9. 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, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 14. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt securities. 15. Includes the liabilities of Commercial Paper Funding Facility LLC, 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 8 and the note on consolidation accompanying table 11. 11. Statement of Condition of Each Federal Reserve Bank, July 7, 2010 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 1,958 65 71 152 141 287 183 307 25 59 139 196 333 Securities, repurchase agreements, term auction credit, and other loans 2,126,975 52,133 907,447 48,108 69,992 234,629 194,949 155,309 53,082 28,229 70,670 86,508 225,918 Securities held outright (1) 2,060,049 52,133 840,609 48,108 69,992 234,617 194,938 155,300 53,063 28,202 70,668 86,502 225,918 U.S. Treasury securities 776,997 19,663 317,056 18,145 26,399 88,492 73,525 58,575 20,014 10,637 26,654 32,626 85,210 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) 758,574 19,197 309,538 17,715 25,773 86,393 71,782 57,186 19,540 10,385 26,022 31,853 83,190 Federal agency debt securities (2) 164,762 4,170 67,232 3,848 5,598 18,765 15,591 12,421 4,244 2,256 5,652 6,918 18,069 Mortgage-backed securities (4) 1,118,290 28,300 456,322 26,115 37,995 127,361 105,821 84,304 28,805 15,309 38,362 46,958 122,639 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 66,925 0 66,838 0 0 12 11 10 19 27 2 6 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 1 0 1 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 28,526 0 28,526 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (8) 15,545 0 15,545 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (9) 22,925 0 22,925 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF LLC (10) 506 0 506 0 0 0 0 0 0 0 0 0 0 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (11) 25,733 0 25,733 0 0 0 0 0 0 0 0 0 0 Items in process of collection 763 29 48 105 98 15 157 112 11 26 27 82 55 Bank premises 2,230 123 258 70 142 237 219 210 135 109 266 248 212 Central bank liquidity swaps (12) 1,245 46 361 136 93 347 77 30 12 35 10 17 82 Other assets (13) 92,911 2,645 35,140 4,299 4,132 14,575 7,957 5,699 2,006 1,639 2,544 3,212 9,062 Interdistrict settlement account 0 - 4,360 + 103,132 + 15,328 - 13,914 + 32,540 - 46,006 - 43,028 - 15,471 + 12,973 - 21,653 - 6,840 - 12,700 Total assets 2,335,553 51,246 1,145,549 68,812 61,383 283,889 159,574 119,950 40,273 43,363 52,451 84,358 224,706 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 11. Statement of Condition of Each Federal Reserve Bank, July 7, 2010 (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 1,103,141 35,197 399,364 39,337 44,461 85,249 139,821 86,008 31,946 19,732 29,521 71,090 121,414 Less: Notes held by F.R. Banks 195,444 3,830 76,154 5,176 9,226 13,367 28,007 11,641 4,371 4,022 3,102 11,587 24,960 Federal Reserve notes, net 907,698 31,367 323,210 34,161 35,235 71,882 111,814 74,367 27,575 15,710 26,419 59,503 96,454 Reverse repurchase agreements (14) 62,904 1,592 25,668 1,469 2,137 7,164 5,952 4,742 1,620 861 2,158 2,641 6,898 Deposits 1,289,917 16,032 769,744 26,898 19,353 191,067 37,670 38,629 10,251 24,591 23,008 20,865 111,808 Term deposits held by depository institutions 2,122 24 931 0 13 52 28 19 56 6 6 14 973 Other deposits held by depository institutions 1,059,117 15,983 540,259 26,893 19,337 190,966 37,640 38,580 10,194 24,584 23,000 20,850 110,831 U.S. Treasury, general account 16,475 0 16,475 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 199,963 0 199,963 0 0 0 0 0 0 0 0 0 0 Foreign official 1,646 1 1,618 4 3 11 2 1 0 1 0 1 3 Other 10,593 24 10,498 0 0 38 0 29 1 0 1 0 2 Deferred availability cash items 3,522 142 0 386 494 166 293 377 130 425 191 212 706 Other liabilities and accrued dividends (15) 14,578 199 10,797 203 251 733 557 455 198 137 203 279 566 Total liabilities 2,278,619 49,332 1,129,419 63,118 57,471 271,012 156,286 118,571 39,775 41,724 51,978 83,502 216,433 Capital Capital paid in 26,660 916 7,626 2,807 1,918 5,440 1,545 642 217 804 212 396 4,137 Surplus 25,804 945 7,601 2,803 1,911 7,141 1,581 620 239 712 210 353 1,688 Other capital 4,470 52 902 84 83 296 162 118 42 123 52 107 2,449 Total liabilities and capital 2,335,553 51,246 1,145,549 68,812 61,383 283,889 159,574 119,950 40,273 43,363 52,451 84,358 224,706 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 11. Statement of Condition of Each Federal Reserve Bank, July 7, 2010 (continued) 1. Includes securities lent to dealers under the overnight and term securities lending facilities; 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. Refer to table 7 and the note on consolidation below. 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 8 and the note on consolidation below. 11. Refer to table 9. 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, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 14. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt securities. 15. Includes the liabilities of Commercial Paper Funding Facility LLC, 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 8 and the note on consolidation below. 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 October 27, 2008, the FRBNY began extending loans to Commercial Paper Funding Facility LLC, which was formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers. 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 sole beneficiary of Commercial Paper Funding Facility LLC. 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 10), 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 10). 12. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts Millions of dollars Wednesday Federal Reserve notes and collateral Jul 7, 2010 Federal Reserve notes outstanding 1,103,141 Less: Notes held by F.R. Banks not subject to collateralization 195,444 Federal Reserve notes to be collateralized 907,698 Collateral held against Federal Reserve notes 907,698 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 891,461 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,060,049 Less: Face value of securities under reverse repurchase agreements 61,484 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,998,565 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 and term securities lending facilities; refer to table 1A.