Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: March 31, 2011
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For release on
April 14, 2011

The Board's H.4.1 statistical release ("Factors Affecting Reserve Balances of Depository Institutions
and Condition Statement of Federal Reserve Banks") for March 31, 2011 contained a
misclassification in table 2, which has been corrected.  The amount of other loans with remaining
maturities of 91 days to 1 year was corrected from $0 million to $5 million, and the amount of other
loans with remaining maturities over 1 year to 5 years was corrected from $19,221 million to $19,216
million.

FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                               March 31, 2011
 
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                         Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended   Change from week ended   Mar 30, 2011
Federal Reserve Banks                                     Mar 30, 2011 Mar 23, 2011 Mar 31, 2010
 
Reserve Bank credit                                        2,597,392   +   15,223   +  307,338    2,606,473
  Securities held outright (1)                             2,393,839   +   15,572   +  379,551    2,403,095
    U.S. Treasury securities                               1,323,233   +   27,883   +  546,542    1,333,445
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                         1,240,411   +   26,679   +  531,539    1,249,224
      Notes and bonds, inflation-indexed (2)                  57,649   +    1,120   +   13,872       58,993
      Inflation compensation (3)                               6,750   +       83   +    1,131        6,805
    Federal agency debt securities (2)                       132,495   -    6,428   -   36,493      132,495
    Mortgage-backed securities (4)                           938,111   -    5,883   -  130,498      937,155
  Repurchase agreements (5)                                        0            0            0            0
  Term auction credit                                              0            0   -    3,410            0
  Other loans                                                 19,363   -      439   -   62,451       19,254
    Primary credit                                                11   +        8   -    7,653           27
    Secondary credit                                               0            0   -      600            0
    Seasonal credit                                                5   -        1   +        1            5
    Credit extended to American International
       Group, Inc., net (6)                                        0            0   -   26,222            0
    Term Asset-Backed Securities Loan Facility (7)            19,346   -      446   -   27,978       19,221
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (8)                                      0            0   -    7,779            0
  Net portfolio holdings of Maiden Lane LLC (9)               25,589   +       27   -    1,734       25,588
  Net portfolio holdings of Maiden Lane II LLC (10)           15,906   +        9   +      554       15,941
  Net portfolio holdings of Maiden Lane III LLC (11)          22,920   +        6   +      777       22,927
  Net portfolio holdings of TALF LLC (12)                        718   +        9   +      314          718
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (6)                                              0            0   -   25,150            0
  Float                                                       -1,167   +       24   +      533       -1,543
  Central bank liquidity swaps (13)                                0            0            0            0
  Other Federal Reserve assets (14)                          120,224   +       15   +   26,133      120,495
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (15)                            43,710   +       14   +      965       43,710

Total factors supplying reserve funds                      2,657,343   +   15,238   +  308,303    2,666,424
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                         Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended   Change from week ended   Mar 30, 2011
Federal Reserve Banks                                     Mar 30, 2011 Mar 23, 2011 Mar 31, 2010
 
Currency in circulation (15)                               1,003,297   +      707   +   70,605    1,005,313
Reverse repurchase agreements (16)                            64,180   +    5,957   +    7,581       65,811
  Foreign official and international accounts                 63,499   +    5,276   +    6,900       62,801
  Others                                                         681   +      681   +      681        3,010
Treasury cash holdings                                           212   +        2   -       12          209
Deposits with F.R. Banks, other than reserve balances         66,667   -   48,984   -  102,231       67,735
  Term deposits held by depository institutions                    0            0            0            0
  U.S. Treasury, general account                              58,515   -   28,765   +   22,619       59,201
  U.S. Treasury, supplementary financing account               5,000   -   19,996   -  119,979        5,000
  Foreign official                                               125   -        9   -    2,131          131
  Service-related                                              2,511   -        2   -      177        2,511
    Required clearing balances                                 2,511   -        2   -      177        2,511
    Adjustments to compensate for float                            0            0            0            0
  Other                                                          516   -      211   -    2,564          892
Funds from American International Group, Inc. asset
   dispositions, held as agent (6)                                 0            0            0            0
Other liabilities and capital (17)                            72,682   -      763   +    6,734       71,704

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,207,038   -   43,080   -   17,323    1,210,772

Reserve balances with Federal Reserve Banks                1,450,305   +   58,318   +  325,626    1,455,652
 
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
   securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
   remaining principal balance of the underlying mortgages.
5. Cash value of agreements.
6. As a result of the closing of the American International Group, Inc. (AIG) recapitalization plan on
   January 14, 2011, the credit extended to AIG was fully repaid and the Federal Reserve's commitment to lend
   any further funds was terminated. In addition, the Federal Reserve Bank of New York (FRBNY) has been paid
   in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. The funds from AIG asset
   dispositions that FRBNY held as agent were the source of repayment of the credit extended to AIG, as well
   as a portion of the FRBNY's preferred interests in ALICO Holdings LLC. The remaining FRBNY preferred
   interests in ALICO Holdings LLC and AIA Aurora LLC, valued at approximately $20 billion, were purchased by
   AIG through a draw on the Treasury's Series F preferred stock commitment and then transferred by AIG to
   the Treasury as consideration for the draw on the available Series F funds.
7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term
   Asset-Backed Securities Loan Facility.
8. Includes the book value of the commercial paper, net of amortized costs and related fees, and other
   investments held by the Commercial Paper Funding Facility LLC.
9.  Refer to table 4 and the note on consolidation accompanying table 9.
10. Refer to table 5 and the note on consolidation accompanying table 9.
11. Refer to table 6 and the note on consolidation accompanying table 9.
12. Refer to table 7 and the note on consolidation accompanying table 9.
13. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
    the foreign currency is returned to the foreign central bank. This exchange rate equals the market
    exchange rate used when the foreign currency was acquired from the foreign central bank.
14. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange
    rates, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the
    Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on
    January 14, 2011, included accrued dividends on the FRBNY's preferred interests in AIA Aurora LLC and
    ALICO Holdings LLC.
15. Estimated.
16. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
    securities, and mortgage-backed securities.
17. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to
    entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only
    to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation
    accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S.
    Treasury. Refer to table 8 and table 9.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.

 
1A. Memorandum Items
Millions of dollars
                                                                Averages of daily figures         Wednesday  
                                                           Week ended   Change from week ended   Mar 30, 2011
Memorandum item                                           Mar 30, 2011 Mar 23, 2011 Mar 31, 2010
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,407,613   +    5,864   +  387,863    3,404,331
  U.S. Treasury securities                                 2,642,127   +    1,952   +  401,561    2,637,461
  Federal agency securities (2)                              765,486   +    3,912   -   13,699      766,870
Securities lent to dealers                                    20,453   +    5,678   +   13,329       24,906
  Overnight facility (3)                                      20,453   +    5,678   +   13,329       24,906
    U.S. Treasury securities                                  19,311   +    5,385   +   13,542       23,738
    Federal agency debt securities                             1,143   +      294   -      212        1,168
 
Note: Components may not sum to totals because of rounding.

1. Face value of the securities. Includes U.S. Treasury STRIPS and other zero-coupon bonds at face value and
   mortgage-backed securities at original face value.
2. Includes debt and mortgage-backed securities.
3. Fully collateralized by U.S. Treasury securities.

 
2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities,     March 30, 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)                               33            0            5       19,216            0           ...       19,254
U.S. Treasury securities (2)
  Holdings                                17,071       25,031       67,800      565,623      478,796       179,124    1,333,445
  Weekly changes                      -    2,503   +    2,507            0   +   18,458   +    8,942    +      801   +   28,206
Federal agency debt securities (3)
  Holdings                                 1,607       13,284       21,126       67,221       26,910         2,347      132,495
  Weekly changes                      +    1,607   -      846   +    1,753   -    2,514            0             0            0
Mortgage-backed securities (4)
  Holdings                                     0            0            0           20           23       937,112      937,155
  Weekly changes                               0            0            0   -        1            0    -    6,692   -    6,693
Asset-backed securities held by
   TALF LLC (5)                                0            0            0            0            0             0            0
Repurchase agreements (6)                      0            0          ...          ...          ...           ...            0
Central bank liquidity swaps (7)               0            0            0            0            0             0            0

Reverse repurchase agreements (6)         65,811            0          ...          ...          ...           ...       65,811
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                                                                                                           Mar 30, 2011 
 
Mortgage-backed securities held outright (1)                                                                             937,155

Commitments to buy mortgage-backed securities (2)                                                                              0
Commitments to sell mortgage-backed securities (2)                                                                             0

Cash and cash equivalents (3)                                                                                                  0
 
1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal
   balance of the underlying mortgages.
2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls,
   and coupon swaps.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8 and table 9.

 
4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Mar 30, 2011 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                             25,588

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 23,470
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         663
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,331
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
    December 31, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of
section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to
manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets.
Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses
of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to
JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.

 
5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Mar 30, 2011 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                          15,941

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 12,353
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         492
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                    1,080
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
    December 31, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of
   American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued
   interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table
   8 and table 9.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential
mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group,
Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred
payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.

 
6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Mar 30, 2011 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         22,927

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 12,346
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         586
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,408
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
    December 31, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector
collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written
credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the
related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to
AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.

 
7. Information on Principal Accounts of TALF LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Mar 30, 2011 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       718
Net portfolio holdings of TALF LLC                                                                                           718

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                      0
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                           0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3)                                        107
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF)
under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New
York (FRBNY) extends loans with a term of up to five years to holders of eligible asset-backed securities. The TALF is intended to
assist financial markets in accommodating the credit needs of consumers and businesses by facilitating the issuance of asset-backed
securities collateralized by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are
non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The loans
are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial
risk of a decline in the value of the security.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in
connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed
securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest.
Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF
LLC, by the interest received on investments of TALF LLC, by up to $4.3 billion in subordinated debt funding provided by the U.S.
Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio
holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S.
Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the
U.S. Treasury.

 
8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation   Mar 30, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Mar 23, 2011 Mar 31, 2010
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,182    -       11   +       99
  Securities, repurchase agreements, term auction
     credit, and other loans                                             2,422,348    +   21,254   +  323,837
    Securities held outright (1)                                         2,403,095    +   21,514   +  388,705
      U.S. Treasury securities                                           1,333,445    +   28,206   +  556,740
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                     1,249,224    +   26,535   +  540,352
        Notes and bonds, inflation-indexed (2)                              58,993    +    1,568   +   15,216
        Inflation compensation (3)                                           6,805    +      103   +    1,172
      Federal agency debt securities (2)                                   132,495             0   -   36,493
      Mortgage-backed securities (4)                                       937,155    -    6,693   -  131,542
    Repurchase agreements (5)                                                    0             0            0
    Term auction credit                                                          0             0   -    3,410
    Other loans                                                             19,254    -      259   -   61,457
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (6)                                                    0             0   -    7,786
  Net portfolio holdings of Maiden Lane LLC (7)                             25,588    -        1   -    1,776
  Net portfolio holdings of Maiden Lane II LLC (8)                          15,941    +       41   +      536
  Net portfolio holdings of Maiden Lane III LLC (9)                         22,927    +        8   +      777
  Net portfolio holdings of TALF LLC (10)                                      718             0   +      314
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (11)                                                           0             0   -   25,416
  Items in process of collection                             (92)              151    -      184   -      345
  Bank premises                                                              2,219             0   -       22
  Central bank liquidity swaps (12)                                              0             0            0
  Other assets (13)                                                        118,277    +       75   +   25,838

Total assets                                                 (92)        2,626,589    +   21,183   +  316,056
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation   Mar 30, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Mar 23, 2011 Mar 31, 2010
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                         963,991    +    1,470   +   69,845
  Reverse repurchase agreements (14)                                        65,811    +    4,425   +    8,045
  Deposits                                                    (0)        1,523,388    +   15,651   +  231,883
    Term deposits held by depository institutions                                0             0            0
    Other deposits held by depository institutions                       1,458,165    +   47,697   +  404,289
    U.S. Treasury, general account                                          59,201    -   12,547   -   32,318
    U.S. Treasury, supplementary financing account                           5,000    -   19,996   -  119,979
    Foreign official                                                           131    +        8   -    1,537
    Other                                                     (0)              892    +      491   -   18,571
  Deferred availability cash items                           (92)            1,695    +      138   -      427
  Other liabilities and accrued dividends (15)                              19,123    -      509   +    6,368

Total liabilities                                            (92)        2,574,007    +   21,174   +  315,713

Capital accounts
  Capital paid in                                                           26,291    +        4   +       36
  Surplus                                                                   26,291    +        4   +    1,446
  Other capital accounts                                                         0             0   -    1,138

Total capital                                                               52,582    +        9   +      343
 
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
   securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
   remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Includes the book value of the commercial paper, net of amortized costs and related fees, and other
   investments held by the Commercial Paper Funding Facility LLC.
7. Refer to table 4 and the note on consolidation accompanying table 9.
8. Refer to table 5 and the note on consolidation accompanying table 9.
9.  Refer to table 6 and the note on consolidation accompanying table 9.
10. Refer to table 7 and the note on consolidation accompanying table 9.
11. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank
    of New York has been paid in full for its	preferred interests in AIA Aurora LLC and ALICO Holdings LLC. A
    portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were
    held as agent by the Federal Reserve.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
    the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange
    rate used when the foreign currency was acquired from the foreign central bank.
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates
    and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to
    eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG
    recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY's preferred interests in
    AIA Aurora LLC and ALICO Holdings LLC.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
    securities, and mortgage-backed securities.
15. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to
    entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to
    the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation
    accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S.
    Treasury. Before the closing of the AIG recapitalization plan on January 14, 2011, included funds from
    American International Group, Inc. asset dispositions, held as agent.


 
9. Statement of Condition of Each Federal Reserve Bank,     March 30, 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                                           2,182          53          82         171         162         363         173         340          33          61         158         222         365
  Securities, repurchase agreements,
     term auction credit, and other
     loans                                   2,422,348      60,815     999,811      56,119      81,647     273,687     227,422     181,161      61,899      32,900      82,441     100,907     263,539
    Securities held outright (1)             2,403,095      60,814     980,590      56,119      81,647     273,687     227,399     181,160      61,899      32,898      82,436     100,907     263,538
      U.S. Treasury securities               1,333,445      33,745     544,116      31,140      45,305     151,865     126,181     100,523      34,347      18,255      45,743      55,992     146,234
        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)                  1,315,022      33,279     536,599      30,710      44,679     149,767     124,437      99,135      33,873      18,002      45,111      55,218     144,213
      Federal agency debt securities (2)       132,495       3,353      54,065       3,094       4,502      15,090      12,538       9,988       3,413       1,814       4,545       5,564      14,530
      Mortgage-backed securities (4)           937,155      23,716     382,409      21,885      31,840     106,732      88,681      70,649      24,139      12,829      32,148      39,352     102,774
    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                                 19,254           1      19,221           0           0           0          23           1           0           2           5           0           1
  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)                               25,588           0      25,588           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (8)                            15,941           0      15,941           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (9)                           22,927           0      22,927           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (10)          718           0         718           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                   244           4         -96          46          66           7         104          22           7          33          16          21          15
  Bank premises                                  2,219         125         258          68         139         238         216         209         135         107         264         247         213
  Central bank liquidity swaps (12)                  0           0           0           0           0           0           0           0           0           0           0           0           0
  Other assets (13)                            118,277       3,261      45,051       4,737       5,073      15,924      10,210       7,568       2,597       2,098       3,394       4,279      14,086
  Interdistrict settlement account                   0   -   7,076   + 252,435   +  45,545   -  22,007   -  42,020   -  70,428   -  41,824   -  24,394   -   4,983   -  29,200   -   8,779   -  47,268

Total assets                                 2,626,682      57,746   1,368,571     107,300      65,779     249,457     169,736     148,787      40,752      30,508      57,521      97,830     232,694
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
9. Statement of Condition of Each Federal Reserve Bank,     March 30, 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          1,118,325      43,110     381,945      46,001      46,413      89,657     140,775      85,392      31,836      19,562      32,483      75,418     125,733
    Less: Notes held by F.R. Banks             154,334       4,663      43,746       5,146       7,531      11,664      22,538      12,019       4,004       5,170       2,947      11,060      23,846
      Federal Reserve notes, net               963,991      38,447     338,198      40,855      38,883      77,992     118,237      73,373      27,833      14,392      29,536      64,358     101,887
  Reverse repurchase agreements (14)            65,811       1,665      26,854       1,537       2,236       7,495       6,228       4,961       1,695         901       2,258       2,763       7,217
  Deposits                                   1,523,388      15,506     973,828      59,829      20,130     152,116      41,456      68,424      10,501      12,795      24,875      29,497     114,430
    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                          1,458,165      15,500     908,671      59,825      20,127     152,050      41,549      68,399      10,469      12,791      24,873      29,496     114,415
    U.S. Treasury, general account              59,201           0      59,201           0           0           0           0           0           0           0           0           0           0
    U.S. Treasury, supplementary
       financing account                         5,000           0       5,000           0           0           0           0           0           0           0           0           0           0
    Foreign official                               131           1         102           4           3           8           2           1           0           1           0           1           6
    Other                                          892           5         854           0           1          58         -96          25          32           3           1           0           9
  Deferred availability cash items               1,787          56           0         213         257          66          90          95          50         593          75          77         215
  Interest on Federal Reserve notes due
     to U.S. Treasury (15)                       1,133          25         534           0          25          92         115         100          23           9          45          54         110
  Other liabilities and accrued
     dividends (16)                             17,990         214      13,743         247         313         825         602         495         214         155         219         304         661

Total liabilities                            2,574,100      55,912   1,353,158     102,681      61,843     238,587     166,727     147,449      40,315      28,845      57,008      97,054     224,521

Capital
  Capital paid in                               26,291         917       7,707       2,309       1,968       5,435       1,505         669         219         831         257         388       4,087
  Surplus                                       26,291         917       7,707       2,309       1,968       5,435       1,505         669         219         831         257         388       4,087
  Other capital                                      0           0           0           0           0           0           0           0           0           0           0           0           0

Total liabilities and capital                2,626,682      57,746   1,368,571     107,300      65,779     249,457     169,736     148,787      40,752      30,508      57,521      97,830     232,694
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

9. Statement of Condition of Each Federal Reserve Bank,     March 30, 2011 (continued)
1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper Funding Facility LLC.
7. Refer to table 4 and the note on consolidation below.
8. Refer to table 5 and the note on consolidation below.
9.  Refer to table 6 and the note on consolidation below.
10. Refer to table 7 and the note on consolidation below.
11. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank of New York has been paid in full for its preferred interests in AIA Aurora LLC and ALICO
    Holdings LLC. A portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were held as agent by the Federal Reserve.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank of New York
    (FRBNY) to eligible	borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on January 14, 2011, included accrued dividends on the
    FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
15. Represents the estimated weekly remittances to U.S Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to
    capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the
    Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which
    requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the
    amount necessary to equate surplus with capital paid-in.
16. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have
    recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below. Before the closing of the AIG recapitalization plan on January 14,
    2011, included funds from American International Group, Inc. asset dispositions, held as agent.


Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was
extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector
collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan was extended to
Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc.
On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in
connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.

The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial
activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual
losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the
preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs
appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of
the LLCs, are included in other liabilities in this table (and table 1 and table 8).

 
10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
                                                                                            Wednesday   
Federal Reserve notes and collateral                                                       Mar 30, 2011 
 
Federal Reserve notes outstanding                                                          1,118,325
  Less: Notes held by F.R. Banks not subject to collateralization                            154,334
    Federal Reserve notes to be collateralized                                               963,991
Collateral held against Federal Reserve notes                                                963,991
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   947,754
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,403,095
  Less: Face value of securities under reverse repurchase agreements                          52,433
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,350,662
 
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.


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