FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks April 15, 2010 1. Factors Affecting Reserve Balances of Depository Institutions Millions of dollars Reserve Bank credit, related items, and Averages of daily figures Wednesday reserve balances of depository institutions at Week ended Change from week ended Apr 14, 2010 Federal Reserve Banks Apr 14, 2010 Apr 7, 2010 Apr 15, 2009 Reserve Bank credit 2,297,754 + 7,953 + 199,028 2,321,711 Securities held outright (1) 2,023,898 + 9,491 +1,164,358 2,047,487 U.S. Treasury securities 776,709 + 2 + 262,144 776,711 Bills (2) 18,423 0 0 18,423 Notes and bonds, nominal (2) 708,872 0 + 256,280 708,872 Notes and bonds, inflation-indexed (2) 43,777 0 + 4,386 43,777 Inflation compensation (3) 5,638 + 3 + 1,480 5,639 Federal agency debt securities (2) 168,915 - 73 + 111,155 168,903 Mortgage-backed securities (4) 1,078,273 + 9,560 + 791,058 1,101,874 Repurchase agreements (5) 0 0 0 0 Term auction credit 0 - 3,410 - 455,800 0 Other loans 80,063 - 351 - 34,356 79,325 Primary credit 6,770 - 435 - 41,720 6,357 Secondary credit 600 0 + 533 600 Seasonal credit 21 + 10 + 19 24 Primary dealer and other broker-dealer credit (6) 0 0 - 12,886 0 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 0 0 - 2,695 0 Credit extended to American International Group, Inc., net (7) 25,538 + 126 - 19,568 25,299 Term Asset-Backed Securities Loan Facility (8) 47,133 - 53 + 41,959 47,044 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (9) 7,800 + 11 - 242,448 7,809 Net portfolio holdings of Maiden Lane LLC (10) 27,432 + 61 + 1,028 27,522 Net portfolio holdings of Maiden Lane II LLC (11) 15,191 - 153 - 3,037 15,191 Net portfolio holdings of Maiden Lane III LLC (12) 21,930 - 137 - 5,429 22,036 Net portfolio holdings of TALF LLC (13) 404 0 + 404 404 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (14) 25,416 0 + 25,416 25,416 Float -1,791 + 297 + 348 -2,249 Central bank liquidity swaps (15) 0 0 - 293,533 0 Other Federal Reserve assets (16) 97,413 + 2,146 + 42,078 98,770 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 + 3,000 5,200 Treasury currency outstanding (17) 42,867 + 14 + 555 42,867 Total factors supplying reserve funds 2,356,862 + 7,967 + 202,583 2,380,819 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 Apr 14, 2010 Federal Reserve Banks Apr 14, 2010 Apr 7, 2010 Apr 15, 2009 Currency in circulation (17) 935,455 + 30 + 30,632 936,020 Reverse repurchase agreements (18) 54,680 - 705 - 16,699 55,226 Foreign official and international accounts 54,680 - 705 - 16,699 55,226 Dealers 0 0 0 0 Treasury cash holdings 208 - 12 - 115 234 Deposits with F.R. Banks, other than reserve balances 204,137 + 22,762 - 79,625 258,842 U.S. Treasury, general account 11,666 - 7,425 - 30,200 9,478 U.S. Treasury, supplementary financing account 174,967 + 24,994 - 24,962 174,967 Foreign official 3,217 + 190 + 743 2,646 Service-related 2,707 - 9 - 1,698 2,707 Required clearing balances 2,707 - 9 - 1,661 2,707 Adjustments to compensate for float 0 0 - 37 0 Other 11,580 + 5,012 - 23,508 69,044 Other liabilities and capital (19) 68,209 + 2,475 + 12,100 69,513 Total factors, other than reserve balances, absorbing reserve funds 1,262,689 + 24,549 - 53,706 1,319,834 Reserve balances with Federal Reserve Banks 1,094,173 - 16,582 + 256,290 1,060,985 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements. 6. Includes credit extended through the Primary Dealer Credit Facility and credit extended to certain other broker-dealers. 7. Includes outstanding principal and capitalized interest net of unamortized deferred commitment fees and allowance for loan restructuring. Excludes credit extended to consolidated LLCs. 8. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 9. Refer to table 7 and the note on consolidation accompanying table 11. 10. Refer to table 4 and the note on consolidation accompanying table 11. 11. Refer to table 5 and the note on consolidation accompanying table 11. 12. Refer to table 6 and the note on consolidation accompanying table 11. 13. Refer to table 8 and the note on consolidation accompanying table 11. 14. Refer to table 9. 15. 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. 16. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 17. Estimated. 18. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt securities. 19. Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 8 and the note on consolidation accompanying table 11. Sources: Federal Reserve Banks and the U.S. Department of the Treasury. 1A. Memorandum Items Millions of dollars Averages of daily figures Wednesday Week ended Change from week ended Apr 14, 2010 Memorandum item Apr 14, 2010 Apr 7, 2010 Apr 15, 2009 Marketable securities held in custody for foreign official and international accounts (1) 3,034,407 + 9,868 + 393,370 3,039,276 U.S. Treasury securities 2,251,042 + 6,354 + 418,644 2,254,640 Federal agency securities (2) 783,365 + 3,514 - 25,275 784,636 Securities lent to dealers 6,529 + 653 - 50,637 5,703 Overnight facility (3) 6,529 + 653 + 3,613 5,703 U.S. Treasury securities 5,329 + 749 + 2,413 4,484 Federal agency debt securities 1,200 - 95 + 1,200 1,219 Term facility (4) 0 0 - 54,250 0 Note: Components may not sum to totals because of rounding. 1. Face value of the securities. Includes U.S. Treasury STRIPS, other zero-coupon bonds, and mortgage-backed securities at face value. 2. Includes debt and mortgage-backed securities. 3. Fully collateralized by U.S. Treasury securities. 4. U.S. Treasury securities only. Fully collateralized by U.S. Treasury securities, federal agency securities, and other highly rated debt securities. 2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, April 14, 2010 Millions of dollars Within 15 16 days to 91 days to Over 1 year Over 5 years Over 10 All Remaining maturity days 90 days 1 year to 5 years to 10 years years Term auction credit 0 0 ... ... ... ... 0 Other loans (1) 6,966 15 0 72,344 0 ... 79,325 U.S. Treasury securities (2) Holdings 18,487 21,564 45,336 331,964 215,415 143,944 776,711 Weekly changes - 3,520 + 3,520 0 + 1 0 + 1 + 3 Federal agency debt securities (3) Holdings 0 6,792 31,223 94,993 33,548 2,347 168,903 Weekly changes - 85 + 2,651 - 1,044 - 625 - 982 0 - 85 Mortgage-backed securities (4) Holdings 0 0 0 34 21 1,101,820 1,101,874 Weekly changes 0 0 0 0 0 + 33,138 + 33,138 Commercial paper held by Commercial Paper Funding Facility LLC (5) 2,966 0 0 ... ... ... 2,966 Asset-backed securities held by TALF LLC (6) 0 0 0 0 0 0 0 Repurchase agreements (7) 0 0 ... ... ... ... 0 Reverse repurchase agreements (7) 55,226 0 ... ... ... ... 55,226 Note: Components may not sum to totals because of rounding. . . . Not applicable. 1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation under generally accepted accounting principles. 2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the original face value of such securities. 3. Face value. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Face value of commercial paper held by Commercial Paper Funding Facility LLC. 6. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets. 7. Cash value of agreements. 3. Supplemental Information on Mortgage-Backed Securities Purchase Program Millions of dollars Wednesday Account name Apr 14, 2010 Mortgage-backed securities held outright (1) 1,101,874 Commitments to buy mortgage-backed securities (2) 71,280 Commitments to sell mortgage-backed securities (2) 718 Cash and cash equivalents (3) 568 1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions as well as dollar rolls. 3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 10 and table 11. 4. Information on Principal Accounts of Maiden Lane LLC Millions of dollars Wednesday Account name Apr 14, 2010 Net portfolio holdings of Maiden Lane LLC (1) 27,522 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 28,820 Accrued interest payable to the Federal Reserve Bank of New York (2) 466 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,266 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, 2009. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 10 and table 11. Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY. 5. Information on Principal Accounts of Maiden Lane II LLC Millions of dollars Wednesday Account name Apr 14, 2010 Net portfolio holdings of Maiden Lane II LLC (1) 15,191 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 14,756 Accrued interest payable to the Federal Reserve Bank of New York (2) 320 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,046 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, 2009. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11. 3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 10 and table 11. Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries. 6. Information on Principal Accounts of Maiden Lane III LLC Millions of dollars Wednesday Account name Apr 14, 2010 Net portfolio holdings of Maiden Lane III LLC (1) 22,036 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 16,583 Accrued interest payable to the Federal Reserve Bank of New York (2) 403 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,241 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, 2009. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 10 and table 11. Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG. 7. Information on Principal Accounts of Commercial Paper Funding Facility LLC Millions of dollars Wednesday Account name Apr 14, 2010 Commercial paper holdings, net (1) 2,938 Other investments, net 4,871 Net portfolio holdings of Commercial Paper Funding Facility LLC 7,809 Memorandum: Commercial paper holdings, face value 2,966 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 2,942 Accrued interest payable to the Federal Reserve Bank of New York (2) 2 1. Book value, which includes amortized cost and related fees. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11. Note: On October 27, 2008, the Federal Reserve Bank of New York began extending loans under the authority of section 13(3) of the Federal Reserve Act to Commercial Paper Funding Facility LLC. This LLC is a limited liability company formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers and thereby foster liquidity in short-term funding markets and increase the availability of credit for businesses and households. 8. Information on Principal Accounts of TALF LLC Millions of dollars Wednesday Account name Apr 14, 2010 Asset-backed securities holdings (1) 0 Other investments, net 404 Net portfolio holdings of TALF LLC 404 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0 Accrued interest payable to the Federal Reserve Bank of New York (2) 0 Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3) 104 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 10 and table 11. Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF) under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New York (FRBNY) extends loans with a term of up to five years to holders of eligible asset-backed securities. The TALF is intended to assist financial markets in accommodating the credit needs of consumers and businesses by facilitating the issuance of asset-backed securities collateralized by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The loans are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial risk of a decline in the value of the security. TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF LLC, by the interest received on investments of TALF LLC, by up to $20 billion in subordinated debt funding provided by the U.S. Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S. Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the U.S. Treasury. 9. Supplemental Information on the Federal Reserve Bank of New York's Preferred Interests in AIA Aurora LLC and ALICO Holdings LLC Millions of dollars Wednesday Account name Apr 14, 2010 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (1) 25,416 Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC (2) 49 Preferred interests in AIA Aurora LLC (1) 16,266 Accrued dividends on preferred interests in AIA Aurora LLC (2) 31 Preferred interests in ALICO Holdings LLC (1) 9,150 Accrued dividends on preferred interests in ALICO Holdings LLC (2) 18 Note: Components may not sum to totals because of rounding. 1. Book value. 2. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 10 and table 11. Note on preferred interests: In conjunction with the restructuring of the government's assistance to American International Group, Inc. (AIG) announced March 2, 2009, the outstanding balance and amount available of revolving credit provided to AIG by the FRBNY has been reduced in exchange for preferred interests in two special purpose vehicles, AIA Aurora LLC and ALICO Holdings LLC. These two limited liability companies were created to directly or indirectly hold all of the outstanding common stock of American International Assurance Company Ltd. (AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG. AIG will retain control of AIA Aurora LLC and ALICO Holdings LLC, and the FRBNY will have certain consent, disposition, and conversion rights with respect to its preferred interests. Dividends accrue as a percentage of the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. On a quarterly basis, the accrued dividends are capitalized and added to the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. 10. Consolidated Statement of Condition of All Federal Reserve Banks Millions of dollars Eliminations from Wednesday Change since consolidation Apr 14, 2010 Wednesday Wednesday Assets, liabilities, and capital Apr 7, 2010 Apr 15, 2009 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 + 3,000 Coin 2,067 0 + 229 Securities, repurchase agreements, term auction credit, and other loans 2,126,812 + 28,654 + 616,630 Securities held outright (1) 2,047,487 + 33,055 +1,104,306 U.S. Treasury securities 776,711 + 3 + 250,608 Bills (2) 18,423 0 0 Notes and bonds, nominal (2) 708,872 0 + 244,840 Notes and bonds, inflation-indexed (2) 43,777 0 + 4,304 Inflation compensation (3) 5,639 + 3 + 1,463 Federal agency debt securities (2) 168,903 - 85 + 107,462 Mortgage-backed securities (4) 1,101,874 + 33,138 + 746,237 Repurchase agreements (5) 0 0 0 Term auction credit 0 - 3,410 - 455,799 Other loans 79,325 - 991 - 31,877 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 7,809 + 12 - 230,630 Net portfolio holdings of Maiden Lane LLC (7) 27,522 + 105 + 1,083 Net portfolio holdings of Maiden Lane II LLC (8) 15,191 0 - 3,043 Net portfolio holdings of Maiden Lane III LLC (9) 22,036 + 123 - 5,376 Net portfolio holdings of TALF LLC (10) 404 0 + 404 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (11) 25,416 0 + 25,416 Items in process of collection (63) 184 - 36 - 655 Bank premises 2,239 + 2 + 52 Central bank liquidity swaps (12) 0 0 - 293,533 Other assets (13) 96,820 + 2,924 + 41,204 Total assets (63) 2,342,737 + 31,784 + 154,780 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 10. Consolidated Statement of Condition of All Federal Reserve Banks (continued) Millions of dollars Eliminations from Wednesday Change since consolidation Apr 14, 2010 Wednesday Wednesday Assets, liabilities, and capital Apr 7, 2010 Apr 15, 2009 Liabilities Federal Reserve notes, net of F.R. Bank holdings 895,450 - 845 + 30,224 Reverse repurchase agreements (14) 55,226 - 865 - 15,401 Deposits (0) 1,320,115 + 29,979 + 127,476 Depository institutions 1,063,980 - 50,308 + 169,076 U.S. Treasury, general account 9,478 - 10,961 - 85,031 U.S. Treasury, supplementary financing account 174,967 + 24,994 - 24,962 Foreign official 2,646 - 2,429 - 129 Other (0) 69,044 + 68,684 + 68,523 Deferred availability cash items (63) 2,433 - 33 - 1,003 Other liabilities and accrued dividends (15) 15,173 + 2,244 + 4,874 Total liabilities (63) 2,288,397 + 30,480 + 146,171 Capital accounts Capital paid in 26,223 - 35 + 3,622 Surplus 25,556 + 217 + 4,383 Other capital accounts 2,562 + 1,124 + 605 Total capital 54,340 + 1,305 + 8,609 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 6. Refer to table 7 and the note on consolidation accompanying table 11. 7. Refer to table 4 and the note on consolidation accompanying table 11. 8. Refer to table 5 and the note on consolidation accompanying table 11. 9. Refer to table 6 and the note on consolidation accompanying table 11. 10. Refer to table 8 and the note on consolidation accompanying table 11. 11. Refer to table 9. 12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 14. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt securities. 15. Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 8 and the note on consolidation accompanying table 11. 11. Statement of Condition of Each Federal Reserve Bank, April 14, 2010 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San Assets, liabilities, and capital City Francisco Assets Gold certificate account 11,037 412 3,895 450 467 882 1,356 911 329 197 335 621 1,182 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574 Coin 2,067 76 77 163 150 309 188 326 25 67 144 201 342 Securities, repurchase agreements, term auction credit, and other loans 2,126,812 39,282 879,456 31,783 80,892 73,786 246,722 221,585 80,231 33,975 92,424 98,999 247,676 Securities held outright (1) 2,047,487 39,277 800,312 31,765 80,892 73,785 246,694 221,560 80,213 33,897 92,422 98,999 247,671 U.S. Treasury securities 776,711 14,900 303,597 12,050 30,686 27,990 93,583 84,048 30,429 12,859 35,060 37,555 93,953 Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228 Notes and bonds (3) 758,288 14,546 296,396 11,764 29,958 27,326 91,363 82,055 29,707 12,554 34,228 36,664 91,725 Federal agency debt securities (2) 168,903 3,240 66,020 2,620 6,673 6,087 20,350 18,277 6,617 2,796 7,624 8,167 20,431 Mortgage-backed securities (4) 1,101,874 21,137 430,695 17,095 43,533 39,708 132,761 119,235 43,167 18,242 49,738 53,277 133,286 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 79,325 5 79,144 18 0 1 28 25 19 78 2 0 5 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 7,809 0 7,809 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 27,522 0 27,522 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (8) 15,191 0 15,191 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (9) 22,036 0 22,036 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF LLC (10) 404 0 404 0 0 0 0 0 0 0 0 0 0 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (11) 25,416 0 25,416 0 0 0 0 0 0 0 0 0 0 Items in process of collection 247 13 0 18 69 8 17 18 4 28 14 33 24 Bank premises 2,239 123 260 70 143 238 220 209 136 109 266 251 212 Central bank liquidity swaps (12) 0 0 0 0 0 0 0 0 0 0 0 0 0 Other assets (13) 96,820 2,316 35,565 3,849 4,666 9,635 10,123 8,260 3,038 1,893 3,421 3,805 10,251 Interdistrict settlement account 0 + 7,044 + 91,212 + 37,928 - 23,989 + 221,362 - 100,831 - 106,212 - 41,585 + 17,054 - 41,209 - 28,004 - 32,768 Total assets 2,342,800 49,461 1,110,661 74,472 62,635 306,633 158,448 125,521 42,329 53,413 55,548 76,187 227,493 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 11. Statement of Condition of Each Federal Reserve Bank, April 14, 2010 (continued) Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San Assets, liabilities, and capital City Francisco Liabilities Federal Reserve notes outstanding 1,076,356 34,957 389,443 38,291 44,486 84,450 136,085 86,728 32,325 20,116 28,761 65,946 114,767 Less: Notes held by F.R. Banks 180,906 4,130 59,464 5,635 8,329 11,004 32,256 11,573 4,097 2,926 3,711 12,817 24,965 Federal Reserve notes, net 895,450 30,827 329,979 32,656 36,157 73,446 103,829 75,155 28,228 17,190 25,050 53,129 89,802 Reverse repurchase agreements (14) 55,226 1,059 21,586 857 2,182 1,990 6,654 5,976 2,164 914 2,493 2,670 6,680 Deposits 1,320,115 15,384 733,201 34,883 19,414 218,083 43,575 42,019 11,018 33,208 27,088 18,987 123,255 Depository institutions 1,063,980 15,382 477,235 34,879 19,410 217,944 43,573 42,012 11,015 33,207 27,087 18,986 123,250 U.S. Treasury, general account 9,478 0 9,478 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 174,967 0 174,967 0 0 0 0 0 0 0 0 0 0 Foreign official 2,646 1 2,618 4 3 11 2 1 0 1 0 1 3 Other 69,044 1 68,903 0 1 127 0 6 2 0 1 0 3 Deferred availability cash items 2,496 64 0 215 609 85 148 159 58 448 98 110 501 Other liabilities and accrued dividends (15) 15,173 224 9,913 253 376 591 888 789 323 189 330 401 894 Total liabilities 2,288,460 47,560 1,094,680 68,865 58,738 294,195 155,095 124,098 41,790 51,950 55,059 75,297 221,132 Capital Capital paid in 26,223 913 7,562 2,939 1,902 5,343 1,560 613 239 718 210 409 3,814 Surplus 25,556 945 7,536 2,668 1,910 7,095 1,581 620 240 712 210 353 1,687 Other capital 2,562 43 884 0 84 0 212 190 60 33 69 128 858 Total liabilities and capital 2,342,800 49,461 1,110,661 74,472 62,635 306,633 158,448 125,521 42,329 53,413 55,548 76,187 227,493 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 11. Statement of Condition of Each Federal Reserve Bank, April 14, 2010 (continued) 1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A. 2. Face value of the securities. 3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 6. Refer to table 7 and the note on consolidation below. 7. Refer to table 4 and the note on consolidation below. 8. Refer to table 5 and the note on consolidation below. 9. Refer to table 6 and the note on consolidation below. 10. Refer to table 8 and the note on consolidation below. 11. Refer to table 9. 12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 14. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt securities. 15. Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 8 and the note on consolidation below. Note on consolidation: The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On October 27, 2008, the FRBNY began extending loans to Commercial Paper Funding Facility LLC, which was formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility. The FRBNY is the sole beneficiary of Commercial Paper Funding Facility LLC. The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in table 1 and table 10), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 10). 12. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts Millions of dollars Wednesday Federal Reserve notes and collateral Apr 14, 2010 Federal Reserve notes outstanding 1,076,356 Less: Notes held by F.R. Banks not subject to collateralization 180,906 Federal Reserve notes to be collateralized 895,450 Collateral held against Federal Reserve notes 895,450 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 879,213 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,047,487 Less: Face value of securities under reverse repurchase agreements 54,844 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,992,643 Note: Components may not sum to totals because of rounding. 1. Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright, compensation to adjust for the effect of inflation on the original face value of inflation-indexed securities, and cash value of repurchase agreements. 2. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A.