FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks August 4, 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 Aug 3, 2011 Federal Reserve Banks Aug 3, 2011 Jul 27, 2011 Aug 4, 2010 Reserve Bank credit 2,849,525 - 3,360 + 540,430 2,851,066 Securities held outright (1) 2,649,085 - 910 + 595,052 2,650,638 U.S. Treasury securities 1,639,365 + 4,404 + 862,343 1,640,919 Bills (2) 18,423 0 0 18,423 Notes and bonds, nominal (2) 1,546,072 + 4,336 + 834,052 1,547,626 Notes and bonds, inflation-indexed (2) 65,521 0 + 24,392 65,521 Inflation compensation (3) 9,349 + 67 + 3,898 9,349 Federal agency debt securities (2) 112,435 - 1,372 - 46,946 112,435 Mortgage-backed securities (4) 897,285 - 3,941 - 220,344 897,285 Repurchase agreements (5) 0 0 0 0 Loans 11,962 - 147 - 51,926 11,965 Primary credit 10 + 8 - 26 52 Secondary credit 0 0 0 0 Seasonal credit 81 - 6 - 2 88 Credit extended to American International Group, Inc., net (6) 0 0 - 23,585 0 Term Asset-Backed Securities Loan Facility (7) 11,871 - 149 - 28,313 11,825 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (8) 0 0 - 1 0 Net portfolio holdings of Maiden Lane LLC (9) 20,821 + 67 - 8,606 20,820 Net portfolio holdings of Maiden Lane II LLC (10) 10,179 - 1,106 - 5,993 10,063 Net portfolio holdings of Maiden Lane III LLC (11) 21,468 - 1,755 - 2,082 21,511 Net portfolio holdings of TALF LLC (12) 767 0 + 227 767 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (6) 0 0 - 25,733 0 Float -1,085 - 64 + 598 -1,246 Central bank liquidity swaps (13) 0 0 - 1,246 0 Other Federal Reserve assets (14) 136,328 + 554 + 40,139 136,548 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (15) 44,036 + 14 + 770 44,036 Total factors supplying reserve funds 2,909,801 - 3,346 + 541,199 2,911,343 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 Aug 3, 2011 Federal Reserve Banks Aug 3, 2011 Jul 27, 2011 Aug 4, 2010 Currency in circulation (15) 1,031,804 + 3,286 + 87,087 1,034,787 Reverse repurchase agreements (16) 69,812 + 4,432 + 7,657 68,623 Foreign official and international accounts 69,812 + 4,432 + 7,657 68,623 Others 0 0 0 0 Treasury cash holdings 116 - 15 - 94 129 Deposits with F.R. Banks, other than reserve balances 113,773 + 19,784 - 121,326 93,094 Term deposits held by depository institutions 5,088 + 5,088 + 2,969 5,088 U.S. Treasury, general account 56,911 - 20,108 + 29,534 32,271 U.S. Treasury, supplementary financing account 0 - 5,000 - 199,960 0 Foreign official 133 - 9 - 2,605 125 Service-related 2,490 - 40 + 33 2,490 Required clearing balances 2,490 - 40 + 33 2,490 Adjustments to compensate for float 0 0 0 0 Other 49,151 + 39,853 + 48,702 53,120 Funds from American International Group, Inc. asset dispositions, held as agent (6) 0 0 0 0 Other liabilities and capital (17) 69,337 - 2,977 - 4,697 69,341 Total factors, other than reserve balances, absorbing reserve funds 1,284,841 + 24,509 - 31,374 1,265,973 Reserve balances with Federal Reserve Banks 1,624,960 - 27,855 + 572,574 1,645,370 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 Aug 3, 2011 Memorandum item Aug 3, 2011 Jul 27, 2011 Aug 4, 2010 Marketable securities held in custody for foreign official and international accounts (1) 3,463,237 + 10,128 + 309,332 3,472,122 U.S. Treasury securities 2,728,887 + 8,584 + 406,135 2,735,995 Federal agency securities (2) 734,349 + 1,544 - 96,804 736,127 Securities lent to dealers 23,401 + 7,079 + 19,323 24,773 Overnight facility (3) 23,401 + 7,079 + 19,323 24,773 U.S. Treasury securities 22,209 + 6,429 + 19,277 23,509 Federal agency debt securities 1,192 + 650 + 46 1,264 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, August 3, 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 Loans (1) 80 60 1,564 10,261 0 ... 11,965 U.S. Treasury securities (2) Holdings 14,689 16,788 116,238 715,116 577,458 200,629 1,640,919 Weekly changes - 4,264 + 5,346 + 2,095 + 4,823 - 5,260 + 17 + 2,758 Federal agency debt securities (3) Holdings 1,775 2,992 16,639 68,537 20,145 2,347 112,435 Weekly changes + 1,775 - 1,775 0 0 0 0 0 Mortgage-backed securities (4) Holdings 0 0 0 16 22 897,247 897,285 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) 0 0 0 0 0 0 0 Reverse repurchase agreements (6) 68,623 0 ... ... ... ... 68,623 Term deposits 0 5,088 0 ... ... ... 5,088 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 Aug 3, 2011 Mortgage-backed securities held outright (1) 897,285 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 Aug 3, 2011 Net portfolio holdings of Maiden Lane LLC (1) 20,820 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 17,693 Accrued interest payable to the Federal Reserve Bank of New York (2) 720 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,356 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 June 30, 2011. 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 Aug 3, 2011 Net portfolio holdings of Maiden Lane II LLC (1) 10,063 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 6,808 Accrued interest payable to the Federal Reserve Bank of New York (2) 533 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,092 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 June 30, 2011. 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 Aug 3, 2011 Net portfolio holdings of Maiden Lane III LLC (1) 21,511 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 10,854 Accrued interest payable to the Federal Reserve Bank of New York (2) 638 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,469 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 June 30, 2011. 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 Aug 3, 2011 Asset-backed securities holdings (1) 0 Other investments, net 767 Net portfolio holdings of TALF LLC 767 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) 108 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 Aug 3, 2011 Wednesday Wednesday Assets, liabilities, and capital Jul 27, 2011 Aug 4, 2010 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 2,186 - 12 + 121 Securities, repurchase agreements, and loans 2,662,603 + 2,755 + 544,702 Securities held outright (1) 2,650,638 + 2,757 + 596,504 U.S. Treasury securities 1,640,919 + 2,758 + 863,900 Bills (2) 18,423 0 0 Notes and bonds, nominal (2) 1,547,626 + 2,720 + 835,606 Notes and bonds, inflation-indexed (2) 65,521 0 + 24,392 Inflation compensation (3) 9,349 + 38 + 3,901 Federal agency debt securities (2) 112,435 0 - 46,946 Mortgage-backed securities (4) 897,285 0 - 220,449 Repurchase agreements (5) 0 0 0 Loans 11,965 - 3 - 51,802 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 0 0 - 1 Net portfolio holdings of Maiden Lane LLC (7) 20,820 + 5 - 8,631 Net portfolio holdings of Maiden Lane II LLC (8) 10,063 - 162 - 6,111 Net portfolio holdings of Maiden Lane III LLC (9) 21,511 + 54 - 2,070 Net portfolio holdings of TALF LLC (10) 767 0 + 227 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (11) 0 0 - 25,733 Items in process of collection (148) 299 + 141 - 24 Bank premises 2,196 - 6 - 28 Central bank liquidity swaps (12) 0 0 - 1,246 Other assets (13) 134,359 + 850 + 39,949 Total assets (148) 2,871,041 + 3,625 + 541,156 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 Aug 3, 2011 Wednesday Wednesday Assets, liabilities, and capital Jul 27, 2011 Aug 4, 2010 Liabilities Federal Reserve notes, net of F.R. Bank holdings 993,062 + 4,043 + 87,287 Reverse repurchase agreements (14) 68,623 + 1,619 + 7,716 Deposits (0) 1,738,471 - 2,889 + 449,750 Term deposits held by depository institutions 5,088 + 5,088 + 2,969 Other deposits held by depository institutions 1,647,867 - 10,452 + 607,650 U.S. Treasury, general account 32,271 - 34,486 - 11,742 U.S. Treasury, supplementary financing account 0 - 5,000 - 199,960 Foreign official 125 0 - 1,905 Other (0) 53,120 + 41,962 + 52,738 Deferred availability cash items (148) 1,545 + 132 - 707 Other liabilities and accrued dividends (15) 17,578 + 631 + 2,199 Total liabilities (148) 2,819,278 + 3,535 + 546,244 Capital accounts Capital paid in 25,881 + 45 - 788 Surplus 25,881 + 45 + 53 Other capital accounts 0 0 - 4,354 Total capital 51,763 + 91 - 5,088 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, August 3, 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 11,037 390 3,866 432 450 872 1,394 854 319 197 318 728 1,217 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574 Coin 2,186 51 68 164 161 361 196 327 41 60 167 228 363 Securities, repurchase agreements, and loans 2,662,603 65,170 1,244,486 90,800 71,599 306,122 197,065 157,420 50,195 40,766 70,521 104,883 263,575 Securities held outright (1) 2,650,638 65,170 1,232,661 90,800 71,599 306,122 197,055 157,409 50,169 40,736 70,508 104,833 263,575 U.S. Treasury securities 1,640,919 40,344 763,098 56,211 44,325 189,509 121,990 97,447 31,058 25,218 43,649 64,898 163,170 Bills (2) 18,423 453 8,567 631 498 2,128 1,370 1,094 349 283 490 729 1,832 Notes and bonds (3) 1,622,496 39,891 754,530 55,580 43,827 187,382 120,621 96,353 30,709 24,935 43,159 64,170 161,339 Federal agency debt securities (2) 112,435 2,764 52,287 3,852 3,037 12,985 8,359 6,677 2,128 1,728 2,991 4,447 11,180 Mortgage-backed securities (4) 897,285 22,061 417,276 30,737 24,238 103,627 66,706 53,286 16,983 13,790 23,868 35,488 89,225 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 11,965 0 11,825 0 0 0 10 11 26 30 13 50 0 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) 20,820 0 20,820 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (8) 10,063 0 10,063 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (9) 21,511 0 21,511 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF LLC (10) 767 0 767 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 447 33 96 86 109 7 25 -55 5 38 29 19 54 Bank premises 2,196 122 255 67 137 235 214 206 135 106 261 246 211 Central bank liquidity swaps (12) 0 0 0 0 0 0 0 0 0 0 0 0 0 Other assets (13) 134,359 3,592 57,531 6,429 4,920 18,009 9,533 7,024 2,256 2,519 3,093 4,651 14,802 Interdistrict settlement account 0 + 4,179 + 202,700 + 8,445 + 7,041 - 108,741 - 33,482 - 10,970 - 8,482 - 19,670 - 18,415 + 524 - 23,129 Total assets 2,871,189 73,734 1,563,981 106,633 84,654 217,277 175,599 155,231 44,620 24,106 56,128 111,561 257,666 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, August 3, 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 1,151,379 42,988 384,915 46,771 55,211 95,685 139,701 90,873 34,100 19,373 32,068 75,205 134,488 Less: Notes held by F.R. Banks 158,316 5,240 41,130 6,364 7,156 12,358 24,329 13,142 4,384 5,522 3,339 10,852 24,500 Federal Reserve notes, net 993,062 37,747 343,785 40,408 48,055 83,327 115,372 77,731 29,716 13,852 28,729 64,353 109,989 Reverse repurchase agreements (14) 68,623 1,687 31,912 2,351 1,854 7,925 5,102 4,075 1,299 1,055 1,825 2,714 6,824 Deposits 1,738,471 32,127 1,159,724 58,561 30,264 113,890 51,489 71,336 12,891 8,510 24,733 43,296 131,649 Term deposits held by depository institutions 5,088 20 1,485 805 0 1,765 0 22 75 40 6 30 840 Other deposits held by depository institutions 1,647,867 32,103 1,072,996 57,735 30,261 111,969 51,487 71,289 12,769 8,468 24,726 43,265 130,799 U.S. Treasury, general account 32,271 0 32,271 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 0 0 0 0 0 0 0 0 0 0 0 0 0 Foreign official 125 1 97 4 3 8 2 1 0 1 0 1 6 Other 53,120 2 52,876 18 0 148 0 24 47 0 1 0 4 Deferred availability cash items 1,693 98 0 288 220 64 92 112 53 298 103 79 285 Interest on Federal Reserve notes due to U.S. Treasury (15) -77 33 -904 58 33 189 125 86 32 29 38 54 151 Other liabilities and accrued dividends (16) 17,655 198 13,944 259 264 754 479 407 180 144 181 283 561 Total liabilities 2,819,426 71,891 1,548,461 101,925 80,691 206,150 172,658 153,748 44,171 23,887 55,609 110,779 249,458 Capital Capital paid in 25,881 922 7,760 2,354 1,982 5,564 1,471 742 224 110 259 391 4,104 Surplus 25,881 922 7,760 2,354 1,982 5,564 1,471 742 224 110 259 391 4,104 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 2,871,189 73,734 1,563,981 106,633 84,654 217,277 175,599 155,231 44,620 24,106 56,128 111,561 257,666 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, August 3, 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 Aug 3, 2011 Federal Reserve notes outstanding 1,151,379 Less: Notes held by F.R. Banks not subject to collateralization 158,316 Federal Reserve notes to be collateralized 993,062 Collateral held against Federal Reserve notes 993,062 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 976,826 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,650,638 Less: Face value of securities under reverse repurchase agreements 60,956 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,589,682 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.