For release at 4:30 P.M. EST February 3, 2011 The weekly average values, shown in table 1, reflect the December 31, 2010, quarterly updates to the fair values of the net portfolio holdings of Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC, and the fair value adjustment of the Term Asset-Backed Securities Loan Facility, or TALF, which is included in "Other Federal Reserve assets." The amounts for the first six days of this reporting week are based on the values as of September 30, 2010, and the amounts for the last day of the reporting week are based on the values as of December 31, 2010. FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks February 3, 2011 1. Factors Affecting Reserve Balances of Depository Institutions Millions of dollars Reserve Bank credit, related items, and Averages of daily figures Wednesday reserve balances of depository institutions at Week ended Change from week ended Feb 2, 2011 Federal Reserve Banks Feb 2, 2011 Jan 26, 2011 Feb 3, 2010 Reserve Bank credit 2,438,481 + 19,061 + 207,153 2,452,184 Securities held outright (1) 2,235,167 + 18,428 + 324,282 2,247,867 U.S. Treasury securities 1,125,466 + 29,064 + 348,846 1,138,166 Bills (2) 18,423 0 0 18,423 Notes and bonds, nominal (2) 1,050,245 + 28,684 + 341,373 1,061,215 Notes and bonds, inflation-indexed (2) 50,730 + 358 + 6,953 52,366 Inflation compensation (3) 6,068 + 21 + 519 6,162 Federal agency debt securities (2) 144,624 - 180 - 19,473 144,624 Mortgage-backed securities (4) 965,077 - 10,456 - 5,091 965,077 Repurchase agreements (5) 0 0 0 0 Term auction credit 0 0 - 38,531 0 Other loans 22,925 - 648 - 66,064 22,603 Primary credit 51 + 12 - 14,716 36 Secondary credit 0 0 - 964 0 Seasonal credit 6 - 4 + 5 0 Credit extended to American International Group, Inc., net (6) 0 0 - 25,934 0 Term Asset-Backed Securities Loan Facility (7) 22,868 - 656 - 24,454 22,567 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (8) 0 0 - 8,664 0 Net portfolio holdings of Maiden Lane LLC (9) 26,447 + 48 - 341 26,538 Net portfolio holdings of Maiden Lane II LLC (10) 16,007 + 48 + 510 16,034 Net portfolio holdings of Maiden Lane III LLC (11) 22,504 + 74 + 7 22,895 Net portfolio holdings of TALF LLC (12) 686 + 12 + 352 686 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (6) 0 0 - 25,106 0 Float -1,291 + 309 + 678 -1,358 Central bank liquidity swaps (13) 70 0 - 30 70 Other Federal Reserve assets (14) 115,964 + 787 + 20,058 116,849 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (15) 43,619 + 14 + 892 43,619 Total factors supplying reserve funds 2,498,341 + 19,075 + 208,045 2,512,044 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 1. Factors Affecting Reserve Balances of Depository Institutions (continued) Millions of dollars Reserve Bank credit, related items, and Averages of daily figures Wednesday reserve balances of depository institutions at Week ended Change from week ended Feb 2, 2011 Federal Reserve Banks Feb 2, 2011 Jan 26, 2011 Feb 3, 2010 Currency in circulation (15) 977,647 + 1,634 + 58,249 982,744 Reverse repurchase agreements (16) 59,904 + 7,305 + 2,675 57,902 Foreign official and international accounts 59,904 + 7,305 + 2,675 57,902 Others 0 0 0 0 Treasury cash holdings 177 - 23 - 52 179 Deposits with F.R. Banks, other than reserve balances 301,393 + 1,316 + 179,761 320,813 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, general account 97,314 + 5,610 - 12,192 117,875 U.S. Treasury, supplementary financing account 199,963 + 1 + 194,962 199,963 Foreign official 1,168 - 4,119 - 2,809 130 Service-related 2,353 - 9 - 401 2,353 Required clearing balances 2,353 - 9 - 401 2,353 Adjustments to compensate for float 0 0 0 0 Other 595 - 167 + 201 492 Funds from American International Group, Inc. asset dispositions, held as agent (6) 0 0 0 0 Other liabilities and capital (17) 71,239 - 1,082 + 6,103 71,439 Total factors, other than reserve balances, absorbing reserve funds 1,410,359 + 9,150 + 246,734 1,433,078 Reserve balances with Federal Reserve Banks 1,087,982 + 9,925 - 38,690 1,078,966 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements. 6. As a result of the closing of the American International Group, Inc. (AIG) recapitalization plan on January 14, 2011, the credit extended to AIG was fully repaid and the Federal Reserve's commitment to lend any further funds was terminated. In addition, the Federal Reserve Bank of New York (FRBNY) has been paid in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. The funds from AIG asset dispositions that FRBNY held as agent were the source of repayment of the credit extended to AIG, as well as a portion of the FRBNY's preferred interests in ALICO Holdings LLC. The remaining FRBNY preferred interests in ALICO Holdings LLC and AIA Aurora LLC, valued at approximately $20 billion, were purchased by AIG through a draw on the Treasury's Series F preferred stock commitment and then transferred by AIG to the Treasury as consideration for the draw on the available Series F funds. 7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 8. Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper Funding Facility LLC. 9. Refer to table 4 and the note on consolidation accompanying table 9. 10. Refer to table 5 and the note on consolidation accompanying table 9. 11. Refer to table 6 and the note on consolidation accompanying table 9. 12. Refer to table 7 and the note on consolidation accompanying table 9. 13. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 14. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. 15. Estimated. 16. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 17. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Refer to table 8 and table 9. Sources: Federal Reserve Banks and the U.S. Department of the Treasury. 1A. Memorandum Items Millions of dollars Averages of daily figures Wednesday Week ended Change from week ended Feb 2, 2011 Memorandum item Feb 2, 2011 Jan 26, 2011 Feb 3, 2010 Marketable securities held in custody for foreign official and international accounts (1) 3,355,842 + 4,825 + 408,982 3,358,822 U.S. Treasury securities 2,606,253 + 3,184 + 425,837 2,607,076 Federal agency securities (2) 749,589 + 1,641 - 16,854 751,746 Securities lent to dealers 16,742 + 3,301 + 10,967 17,286 Overnight facility (3) 16,742 + 3,301 + 10,967 17,286 U.S. Treasury securities 15,308 + 3,619 + 10,233 15,949 Federal agency debt securities 1,434 - 317 + 734 1,337 Note: Components may not sum to totals because of rounding. 1. Face value of the securities. Includes U.S. Treasury STRIPS and other zero-coupon bonds at face value and mortgage-backed securities at original face value. 2. Includes debt and mortgage-backed securities. 3. Fully collateralized by U.S. Treasury securities. 2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, February 2, 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) 36 0 0 22,567 0 ... 22,603 U.S. Treasury securities (2) Holdings 13,790 26,618 52,339 483,207 396,918 165,294 1,138,166 Weekly changes - 3,083 + 7,098 - 3,376 + 12,095 + 10,253 + 730 + 23,718 Federal agency debt securities (3) Holdings 259 19,247 23,620 70,180 28,971 2,347 144,624 Weekly changes + 259 + 809 - 1,068 0 0 0 0 Mortgage-backed securities (4) Holdings 0 0 0 23 21 965,033 965,077 Weekly changes 0 0 0 0 0 0 0 Asset-backed securities held by TALF LLC (5) 0 0 0 0 0 0 0 Repurchase agreements (6) 0 0 ... ... ... ... 0 Central bank liquidity swaps (7) 70 0 0 0 0 0 70 Reverse repurchase agreements (6) 57,902 0 ... ... ... ... 57,902 Term deposits 0 0 0 ... ... ... 0 Note: Components may not sum to totals because of rounding. . . . Not applicable. 1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation under generally accepted accounting principles. 2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the original face value of such securities. 3. Face value. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets. 6. Cash value of agreements. 7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 3. Supplemental Information on Mortgage-Backed Securities Purchase Program Millions of dollars Wednesday Account name Feb 2, 2011 Mortgage-backed securities held outright (1) 965,077 Commitments to buy mortgage-backed securities (2) 0 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 0 1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls, and coupon swaps. 3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8 and table 9. 4. Information on Principal Accounts of Maiden Lane LLC Millions of dollars Wednesday Account name Feb 2, 2011 Net portfolio holdings of Maiden Lane LLC (1) 26,538 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) 635 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,321 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9. Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY. 5. Information on Principal Accounts of Maiden Lane II LLC Millions of dollars Wednesday Account name Feb 2, 2011 Net portfolio holdings of Maiden Lane II LLC (1) 16,034 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 12,551 Accrued interest payable to the Federal Reserve Bank of New York (2) 467 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,074 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9. 3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9. Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries. 6. Information on Principal Accounts of Maiden Lane III LLC Millions of dollars Wednesday Account name Feb 2, 2011 Net portfolio holdings of Maiden Lane III LLC (1) 22,895 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) 561 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,381 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9. Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG. 7. Information on Principal Accounts of TALF LLC Millions of dollars Wednesday Account name Feb 2, 2011 Asset-backed securities holdings (1) 0 Other investments, net 686 Net portfolio holdings of TALF LLC 686 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0 Accrued interest payable to the Federal Reserve Bank of New York (2) 0 Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3) 106 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9. Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF) under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New York (FRBNY) extends loans with a term of up to five years to holders of eligible asset-backed securities. The TALF is intended to assist financial markets in accommodating the credit needs of consumers and businesses by facilitating the issuance of asset-backed securities collateralized by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The loans are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial risk of a decline in the value of the security. TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF LLC, by the interest received on investments of TALF LLC, by up to $4.3 billion in subordinated debt funding provided by the U.S. Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S. Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the U.S. Treasury. 8. Consolidated Statement of Condition of All Federal Reserve Banks Millions of dollars Eliminations from Wednesday Change since consolidation Feb 2, 2011 Wednesday Wednesday Assets, liabilities, and capital Jan 26, 2011 Feb 3, 2010 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 2,321 + 3 + 89 Securities, repurchase agreements, term auction credit, and other loans 2,270,470 + 23,062 + 232,035 Securities held outright (1) 2,247,867 + 23,718 + 336,263 U.S. Treasury securities 1,138,166 + 23,718 + 361,552 Bills (2) 18,423 0 0 Notes and bonds, nominal (2) 1,061,215 + 21,611 + 352,343 Notes and bonds, inflation-indexed (2) 52,366 + 1,994 + 8,589 Inflation compensation (3) 6,162 + 113 + 620 Federal agency debt securities (2) 144,624 0 - 20,038 Mortgage-backed securities (4) 965,077 0 - 5,250 Repurchase agreements (5) 0 0 0 Term auction credit 0 0 - 38,531 Other loans 22,603 - 656 - 65,698 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 0 0 - 8,668 Net portfolio holdings of Maiden Lane LLC (7) 26,538 + 107 - 284 Net portfolio holdings of Maiden Lane II LLC (8) 16,034 + 32 + 536 Net portfolio holdings of Maiden Lane III LLC (9) 22,895 + 458 + 341 Net portfolio holdings of TALF LLC (10) 686 0 + 352 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (11) 0 0 - 25,106 Items in process of collection (94) 565 + 213 + 91 Bank premises 2,216 - 5 - 22 Central bank liquidity swaps (12) 70 0 - 30 Other assets (13) 114,630 + 2,033 + 20,734 Total assets (94) 2,472,662 + 25,902 + 220,067 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 8. Consolidated Statement of Condition of All Federal Reserve Banks (continued) Millions of dollars Eliminations from Wednesday Change since consolidation Feb 2, 2011 Wednesday Wednesday Assets, liabilities, and capital Jan 26, 2011 Feb 3, 2010 Liabilities Federal Reserve notes, net of F.R. Bank holdings 941,621 + 6,279 + 58,156 Reverse repurchase agreements (14) 57,902 + 5,282 + 4,182 Deposits (0) 1,399,776 + 13,299 + 151,397 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 1,081,316 - 5,011 - 34,944 U.S. Treasury, general account 117,875 + 23,689 - 4,642 U.S. Treasury, supplementary financing account 199,963 + 1 + 194,962 Foreign official 130 - 5,019 - 4,098 Other (0) 492 - 362 + 120 Deferred availability cash items (94) 1,923 + 107 - 819 Other liabilities and accrued dividends (15) 18,404 + 963 + 6,114 Total liabilities (94) 2,419,627 + 25,930 + 219,032 Capital accounts Capital paid in 26,518 - 14 + 846 Surplus 26,518 - 14 + 1,311 Other capital accounts 0 0 - 1,121 Total capital 53,035 - 28 + 1,035 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 6. Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper Funding Facility LLC. 7. Refer to table 4 and the note on consolidation accompanying table 9. 8. Refer to table 5 and the note on consolidation accompanying table 9. 9. Refer to table 6 and the note on consolidation accompanying table 9. 10. Refer to table 7 and the note on consolidation accompanying table 9. 11. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank of New York has been paid in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. A portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were held as agent by the Federal Reserve. 12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. 14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 15. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Before the closing of the AIG recapitalization plan on January 14, 2011, included funds from American International Group, Inc. asset dispositions, held as agent. 9. Statement of Condition of Each Federal Reserve Bank, February 2, 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 2,321 50 77 177 177 375 203 352 38 63 168 254 386 Securities, repurchase agreements, term auction credit, and other loans 2,270,470 56,891 939,816 52,494 76,374 256,009 212,711 169,479 57,901 30,779 77,111 94,389 246,517 Securities held outright (1) 2,247,867 56,886 917,249 52,494 76,373 256,008 212,710 169,458 57,901 30,773 77,111 94,389 246,515 U.S. Treasury securities 1,138,166 28,803 464,432 26,579 38,670 129,625 107,702 85,802 29,317 15,581 39,044 47,792 124,818 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) 1,119,743 28,337 456,914 26,149 38,044 127,527 105,959 84,413 28,843 15,329 38,412 47,019 122,798 Federal agency debt securities (2) 144,624 3,660 59,014 3,377 4,914 16,471 13,685 10,903 3,725 1,980 4,961 6,073 15,860 Mortgage-backed securities (4) 965,077 24,423 393,803 22,537 32,789 109,912 91,323 72,754 24,859 13,212 33,106 40,524 105,836 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Term auction credit 0 0 0 0 0 0 0 0 0 0 0 0 0 Other loans 22,603 5 22,567 0 1 1 1 21 0 6 0 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) 26,538 0 26,538 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (8) 16,034 0 16,034 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (9) 22,895 0 22,895 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF LLC (10) 686 0 686 0 0 0 0 0 0 0 0 0 0 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (11) 0 0 0 0 0 0 0 0 0 0 0 0 0 Items in process of collection 659 5 0 56 62 11 384 46 7 30 19 19 20 Bank premises 2,216 126 254 68 140 239 217 207 136 107 264 246 212 Central bank liquidity swaps (12) 70 2 20 7 5 14 4 2 1 2 1 1 11 Other assets (13) 114,630 3,177 43,557 4,645 4,965 15,525 9,855 7,279 2,513 2,053 3,263 4,112 13,687 Interdistrict settlement account 0 - 5,326 + 314,236 + 40,884 - 31,496 - 98,226 - 61,852 - 44,962 - 20,116 - 7,674 - 25,227 - 6,216 - 54,026 Total assets 2,472,757 55,490 1,369,970 98,946 50,927 175,205 163,561 133,713 40,953 25,653 56,048 93,739 208,551 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 9. Statement of Condition of Each Federal Reserve Bank, February 2, 2011 (continued) Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San Assets, liabilities, and capital City Francisco Liabilities Federal Reserve notes outstanding 1,116,780 41,063 380,856 45,627 46,055 90,157 140,616 85,769 32,229 19,775 33,045 75,526 126,063 Less: Notes held by F.R. Banks 175,159 5,030 55,209 5,290 8,679 13,661 23,006 12,376 4,287 5,764 4,016 11,140 26,702 Federal Reserve notes, net 941,621 36,033 325,647 40,337 37,376 76,497 117,609 73,393 27,943 14,011 29,029 64,386 99,360 Reverse repurchase agreements (14) 57,902 1,465 23,627 1,352 1,967 6,594 5,479 4,365 1,491 793 1,986 2,431 6,350 Deposits 1,399,776 15,876 991,335 51,584 7,106 80,285 36,678 53,944 10,824 8,720 24,172 25,744 93,508 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 1,081,316 15,872 673,138 51,580 7,102 80,161 36,676 53,917 10,770 8,716 24,170 25,743 93,470 U.S. Treasury, general account 117,875 0 117,875 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 130 1 102 4 3 8 2 1 0 1 0 1 6 Other 492 3 258 1 0 115 0 26 53 3 1 0 32 Deferred availability cash items 2,018 70 0 285 230 111 127 129 45 341 113 90 477 Interest on Federal Reserve notes due to U.S. Treasury (15) 2,047 32 1,139 39 52 170 163 111 36 21 52 57 174 Other liabilities and accrued dividends (16) 16,357 182 12,856 199 261 666 498 423 184 128 184 256 522 Total liabilities 2,419,721 53,658 1,354,604 93,796 46,992 164,323 160,555 132,366 40,523 24,014 55,536 92,964 200,391 Capital Capital paid in 26,518 916 7,683 2,575 1,968 5,441 1,503 673 215 820 256 387 4,080 Surplus 26,518 916 7,683 2,575 1,968 5,441 1,503 673 215 820 256 387 4,080 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 2,472,757 55,490 1,369,970 98,946 50,927 175,205 163,561 133,713 40,953 25,653 56,048 93,739 208,551 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 9. Statement of Condition of Each Federal Reserve Bank, February 2, 2011 (continued) 1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. 2. Face value of the securities. 3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 6. Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper Funding Facility LLC. 7. Refer to table 4 and the note on consolidation below. 8. Refer to table 5 and the note on consolidation below. 9. Refer to table 6 and the note on consolidation below. 10. Refer to table 7 and the note on consolidation below. 11. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank of New York has been paid in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. A portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were held as agent by the Federal Reserve. 12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. 14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 15. Represents the estimated weekly remittances to U.S Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount necessary to equate surplus with capital paid-in. 16. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below. Before the closing of the AIG recapitalization plan on January 14, 2011, included funds from American International Group, Inc. asset dispositions, held as agent. Note on consolidation: The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility. The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 8). 10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts Millions of dollars Wednesday Federal Reserve notes and collateral Feb 2, 2011 Federal Reserve notes outstanding 1,116,780 Less: Notes held by F.R. Banks not subject to collateralization 175,159 Federal Reserve notes to be collateralized 941,621 Collateral held against Federal Reserve notes 941,621 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 925,385 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,247,867 Less: Face value of securities under reverse repurchase agreements 47,059 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,200,808 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.