FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks June 17, 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 Jun 16, 2010 Federal Reserve Banks Jun 16, 2010 Jun 9, 2010 Jun 17, 2009 Reserve Bank credit 2,321,839 + 8,251 + 266,703 2,326,794 Securities held outright (1) 2,064,505 + 7,214 + 888,215 2,070,754 U.S. Treasury securities 776,944 + 19 + 143,815 776,951 Bills (2) 18,423 0 0 18,423 Notes and bonds, nominal (2) 712,023 0 + 145,086 712,023 Notes and bonds, inflation-indexed (2) 41,125 0 - 1,678 41,125 Inflation compensation (3) 5,373 + 19 + 407 5,380 Federal agency debt securities (2) 166,570 - 145 + 78,746 166,206 Mortgage-backed securities (4) 1,120,991 + 7,340 + 665,654 1,127,597 Repurchase agreements (5) 0 0 0 0 Term auction credit 0 0 - 336,566 0 Other loans 70,369 - 597 - 53,369 69,867 Primary credit 104 - 1 - 36,078 148 Secondary credit 279 - 21 + 279 150 Seasonal credit 54 + 8 + 32 68 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 0 0 - 19,410 0 Credit extended to American International Group, Inc., net (6) 26,342 - 357 - 16,562 26,033 Term Asset-Backed Securities Loan Facility (7) 43,592 - 223 + 18,373 43,469 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (8) 1 0 - 136,002 1 Net portfolio holdings of Maiden Lane LLC (9) 28,397 + 26 + 2,516 28,413 Net portfolio holdings of Maiden Lane II LLC (10) 15,694 - 28 - 249 15,700 Net portfolio holdings of Maiden Lane III LLC (11) 23,170 + 60 + 3,141 23,193 Net portfolio holdings of TALF LLC (12) 478 0 + 478 478 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (13) 25,416 0 + 25,416 25,416 Float -1,695 + 310 + 440 -2,034 Central bank liquidity swaps (14) 1,242 0 - 149,040 1,242 Other Federal Reserve assets (15) 94,263 + 1,267 + 21,723 93,764 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 + 3,000 5,200 Treasury currency outstanding (16) 42,899 + 14 + 479 42,899 Total factors supplying reserve funds 2,380,979 + 8,265 + 270,182 2,385,935 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 Jun 16, 2010 Federal Reserve Banks Jun 16, 2010 Jun 9, 2010 Jun 17, 2009 Currency in circulation (16) 940,060 - 2,146 + 32,726 940,517 Reverse repurchase agreements (17) 62,048 + 1,258 - 7,043 59,442 Foreign official and international accounts 62,048 + 1,258 - 7,043 59,442 Dealers 0 0 0 0 Treasury cash holdings 212 0 - 93 220 Deposits with F.R. Banks, other than reserve balances 238,636 + 516 - 23,612 295,708 U.S. Treasury, general account 29,199 - 3,597 - 13,058 85,771 U.S. Treasury, supplementary financing account 199,962 + 2 + 23 199,962 Foreign official 1,694 - 183 - 1,450 1,924 Service-related 2,548 0 - 1,669 2,548 Required clearing balances 2,548 0 - 1,669 2,548 Adjustments to compensate for float 0 0 0 0 Other 5,233 + 4,293 - 7,459 5,503 Other liabilities and capital (18) 73,937 + 3,008 + 19,749 72,283 Total factors, other than reserve balances, absorbing reserve funds 1,314,894 + 2,636 + 21,727 1,368,171 Reserve balances with Federal Reserve Banks 1,066,086 + 5,630 + 248,455 1,017,763 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements. 6. Includes outstanding principal and capitalized interest net of unamortized deferred commitment fees and allowance for loan restructuring. Excludes credit extended to consolidated LLCs. 7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 8. Refer to table 7 and the note on consolidation accompanying table 11. 9. Refer to table 4 and the note on consolidation accompanying table 11. 10. Refer to table 5 and the note on consolidation accompanying table 11. 11. Refer to table 6 and the note on consolidation accompanying table 11. 12. Refer to table 8 and the note on consolidation accompanying table 11. 13. Refer to table 9. 14. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 15. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 16. Estimated. 17. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt securities. 18. Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 8 and the note on consolidation accompanying table 11. Sources: Federal Reserve Banks and the U.S. Department of the Treasury. 1A. Memorandum Items Millions of dollars Averages of daily figures Wednesday Week ended Change from week ended Jun 16, 2010 Memorandum item Jun 16, 2010 Jun 9, 2010 Jun 17, 2009 Marketable securities held in custody for foreign official and international accounts (1) 3,079,842 + 3,951 + 328,132 3,088,403 U.S. Treasury securities 2,265,417 - 1,728 + 323,943 2,270,381 Federal agency securities (2) 814,425 + 5,679 + 4,189 818,021 Securities lent to dealers 4,980 - 286 - 21,375 3,703 Overnight facility (3) 4,980 - 286 - 5,625 3,703 U.S. Treasury securities 3,819 + 32 - 6,786 2,659 Federal agency debt securities 1,161 - 317 + 1,161 1,044 Term facility (4) 0 0 - 15,750 0 Note: Components may not sum to totals because of rounding. 1. Face value of the securities. Includes U.S. Treasury STRIPS, other zero-coupon bonds, and mortgage-backed securities at face value. 2. Includes debt and mortgage-backed securities. 3. Fully collateralized by U.S. Treasury securities. 4. U.S. Treasury securities only. Fully collateralized by U.S. Treasury securities, federal agency securities, and other highly rated debt securities. 2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, June 16, 2010 Millions of dollars Within 15 16 days to 91 days to Over 1 year Over 5 years Over 10 All Remaining maturity days 90 days 1 year to 5 years to 10 years years Other loans (1) 358 7 0 69,502 0 ... 69,867 U.S. Treasury securities (2) Holdings 17,858 14,320 53,516 333,133 214,308 143,817 776,951 Weekly changes + 4,969 - 5,373 + 2 + 212 + 126 + 83 + 19 Federal agency debt securities (3) Holdings 1,444 8,634 37,763 82,470 33,548 2,347 166,206 Weekly changes + 343 - 478 + 354 - 728 0 0 - 509 Mortgage-backed securities (4) Holdings 0 0 0 31 20 1,127,547 1,127,597 Weekly changes 0 0 0 - 1 0 + 13,923 + 13,922 Commercial paper held by Commercial Paper Funding Facility LLC (5) 0 0 0 ... ... ... 0 Asset-backed securities held by TALF LLC (6) 0 0 0 0 0 0 0 Repurchase agreements (7) 0 0 ... ... ... ... 0 Central bank liquidity swaps (8) 0 1,242 0 0 0 0 1,242 Reverse repurchase agreements (7) 59,442 0 ... ... ... ... 59,442 Note: Components may not sum to totals because of rounding. . . . Not applicable. 1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation under generally accepted accounting principles. 2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the original face value of such securities. 3. Face value. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Face value of commercial paper held by Commercial Paper Funding Facility LLC. 6. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets. 7. Cash value of agreements. 8. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 3. Supplemental Information on Mortgage-Backed Securities Purchase Program Millions of dollars Wednesday Account name Jun 16, 2010 Mortgage-backed securities held outright (1) 1,127,597 Commitments to buy mortgage-backed securities (2) 18,335 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 644 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 Jun 16, 2010 Net portfolio holdings of Maiden Lane LLC (1) 28,413 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) 504 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,278 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of March 31, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 10 and table 11. Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY. 5. Information on Principal Accounts of Maiden Lane II LLC Millions of dollars Wednesday Account name Jun 16, 2010 Net portfolio holdings of Maiden Lane II LLC (1) 15,700 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 14,311 Accrued interest payable to the Federal Reserve Bank of New York (2) 353 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,052 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of March 31, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11. 3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 10 and table 11. Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries. 6. Information on Principal Accounts of Maiden Lane III LLC Millions of dollars Wednesday Account name Jun 16, 2010 Net portfolio holdings of Maiden Lane III LLC (1) 23,193 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 15,846 Accrued interest payable to the Federal Reserve Bank of New York (2) 440 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,271 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of March 31, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 10 and table 11. Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG. 7. Information on Principal Accounts of Commercial Paper Funding Facility LLC Millions of dollars Wednesday Account name Jun 16, 2010 Commercial paper holdings, net (1) 0 Other investments, net 1 Net portfolio holdings of Commercial Paper Funding Facility LLC 1 Memorandum: Commercial paper holdings, face value 0 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0 Accrued interest payable to the Federal Reserve Bank of New York (2) 0 1. Book value, which includes amortized cost and related fees. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11. Note: On October 27, 2008, the Federal Reserve Bank of New York began extending loans under the authority of section 13(3) of the Federal Reserve Act to Commercial Paper Funding Facility LLC. This LLC is a limited liability company formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers and thereby foster liquidity in short-term funding markets and increase the availability of credit for businesses and households. 8. Information on Principal Accounts of TALF LLC Millions of dollars Wednesday Account name Jun 16, 2010 Asset-backed securities holdings (1) 0 Other investments, net 478 Net portfolio holdings of TALF LLC 478 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 Jun 16, 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) 268 Preferred interests in AIA Aurora LLC (1) 16,266 Accrued dividends on preferred interests in AIA Aurora LLC (2) 172 Preferred interests in ALICO Holdings LLC (1) 9,150 Accrued dividends on preferred interests in ALICO Holdings LLC (2) 97 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 Jun 16, 2010 Wednesday Wednesday Assets, liabilities, and capital Jun 9, 2010 Jun 17, 2009 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 + 3,000 Coin 2,024 0 + 243 Securities, repurchase agreements, term auction credit, and other loans 2,140,621 + 12,508 + 496,687 Securities held outright (1) 2,070,754 + 13,432 + 886,357 U.S. Treasury securities 776,951 + 19 + 138,283 Bills (2) 18,423 0 0 Notes and bonds, nominal (2) 712,023 0 + 139,557 Notes and bonds, inflation-indexed (2) 41,125 0 - 1,678 Inflation compensation (3) 5,380 + 19 + 404 Federal agency debt securities (2) 166,206 - 509 + 76,441 Mortgage-backed securities (4) 1,127,597 + 13,922 + 671,633 Repurchase agreements (5) 0 0 0 Term auction credit 0 0 - 336,566 Other loans 69,867 - 924 - 53,105 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 1 0 - 132,081 Net portfolio holdings of Maiden Lane LLC (7) 28,413 + 19 + 2,538 Net portfolio holdings of Maiden Lane II LLC (8) 15,700 + 7 - 254 Net portfolio holdings of Maiden Lane III LLC (9) 23,193 + 27 + 3,051 Net portfolio holdings of TALF LLC (10) 478 0 + 478 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (11) 25,416 0 + 25,416 Items in process of collection (32) 307 + 81 - 412 Bank premises 2,235 + 2 + 35 Central bank liquidity swaps (12) 1,242 0 - 147,321 Other assets (13) 91,896 + 135 + 22,144 Total assets (32) 2,347,763 + 12,778 + 273,524 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 Jun 16, 2010 Wednesday Wednesday Assets, liabilities, and capital Jun 9, 2010 Jun 17, 2009 Liabilities Federal Reserve notes, net of F.R. Bank holdings 899,858 - 1,536 + 32,337 Reverse repurchase agreements (14) 59,442 - 1,321 - 10,724 Deposits (0) 1,313,839 + 14,271 + 233,959 Depository institutions 1,020,678 - 57,415 + 276,726 U.S. Treasury, general account 85,771 + 66,631 - 47,066 U.S. Treasury, supplementary financing account 199,962 + 2 + 23 Foreign official 1,924 - 98 - 934 Other (0) 5,503 + 5,149 + 5,209 Deferred availability cash items (32) 2,341 - 78 - 522 Other liabilities and accrued dividends (15) 16,331 + 1,034 + 9,851 Total liabilities (32) 2,291,811 + 12,369 + 264,901 Capital accounts Capital paid in 26,239 - 153 + 1,992 Surplus 25,764 + 71 + 4,594 Other capital accounts 3,948 + 490 + 2,035 Total capital 55,952 + 408 + 8,622 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, June 16, 2010 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San Assets, liabilities, and capital City Francisco Assets Gold certificate account 11,037 369 4,038 404 463 846 1,385 887 324 203 296 652 1,170 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574 Coin 2,024 67 75 158 144 291 183 312 27 62 141 196 368 Securities, repurchase agreements, term auction credit, and other loans 2,140,621 52,406 914,630 48,372 70,356 235,845 195,976 156,122 53,351 28,371 71,038 86,961 227,193 Securities held outright (1) 2,070,754 52,404 844,977 48,358 70,355 235,837 195,951 156,107 53,339 28,348 71,035 86,952 227,092 U.S. Treasury securities 776,951 19,662 317,037 18,144 26,397 88,486 73,521 58,571 20,013 10,636 26,653 32,625 85,205 Bills (2) 18,423 466 7,517 430 626 2,098 1,743 1,389 475 252 632 774 2,020 Notes and bonds (3) 758,528 19,196 309,520 17,714 25,772 86,388 71,778 57,183 19,538 10,384 26,021 31,851 83,185 Federal agency debt securities (2) 166,206 4,206 67,821 3,881 5,647 18,929 15,728 12,530 4,281 2,275 5,702 6,979 18,227 Mortgage-backed securities (4) 1,127,597 28,536 460,119 26,333 38,311 128,421 106,702 85,005 29,045 15,437 38,681 47,348 123,659 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 69,867 3 69,653 14 1 8 26 16 12 23 3 9 101 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 1 0 1 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 28,413 0 28,413 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (8) 15,700 0 15,700 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (9) 23,193 0 23,193 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF LLC (10) 478 0 478 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 339 10 0 12 40 5 82 103 2 24 16 20 26 Bank premises 2,235 123 259 70 143 238 219 210 136 109 266 249 213 Central bank liquidity swaps (12) 1,242 46 360 136 93 346 77 30 12 34 10 17 82 Other assets (13) 91,896 2,600 35,093 4,204 4,050 14,287 7,823 5,627 1,974 1,602 2,514 3,175 8,947 Interdistrict settlement account 0 - 5,215 + 68,892 + 18,678 - 13,030 + 66,947 - 48,750 - 42,641 - 15,866 + 14,057 - 21,983 - 11,719 - 9,369 Total assets 2,347,795 50,602 1,118,365 72,243 62,495 319,217 157,649 121,076 40,109 44,551 52,451 79,833 229,203 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, June 16, 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 1,090,525 34,974 400,880 38,861 44,660 84,522 136,961 86,343 31,994 19,911 29,365 65,741 116,314 Less: Notes held by F.R. Banks 190,667 4,138 66,395 5,712 9,824 13,702 29,290 12,226 4,494 3,381 3,411 12,090 26,006 Federal Reserve notes, net 899,858 30,836 334,485 33,149 34,836 70,820 107,671 74,117 27,499 16,530 25,954 53,651 90,309 Reverse repurchase agreements (14) 59,442 1,504 24,255 1,388 2,020 6,770 5,625 4,481 1,531 814 2,039 2,496 6,519 Deposits 1,313,839 16,033 732,243 31,617 20,863 227,709 40,204 40,410 10,264 25,073 23,613 22,381 123,427 Depository institutions 1,020,678 16,011 439,247 31,613 20,859 227,634 40,202 40,363 10,262 25,072 23,612 22,380 123,423 U.S. Treasury, general account 85,771 0 85,771 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 199,962 0 199,962 0 0 0 0 0 0 0 0 0 0 Foreign official 1,924 1 1,896 4 3 11 2 1 0 1 0 1 3 Other 5,503 20 5,367 0 1 64 0 45 2 0 1 0 2 Deferred availability cash items 2,373 71 0 207 550 75 166 153 62 344 122 107 516 Other liabilities and accrued dividends (15) 16,331 248 11,417 304 337 1,010 686 553 230 172 248 335 790 Total liabilities 2,291,843 48,693 1,102,400 66,666 58,606 306,385 154,352 119,714 39,586 42,934 51,975 78,971 221,560 Capital Capital paid in 26,239 916 7,548 2,797 1,907 5,439 1,546 614 239 803 211 396 3,823 Surplus 25,764 945 7,585 2,780 1,911 7,141 1,581 620 240 712 210 353 1,688 Other capital 3,948 48 832 0 72 252 170 128 44 102 55 113 2,132 Total liabilities and capital 2,347,795 50,602 1,118,365 72,243 62,495 319,217 157,649 121,076 40,109 44,551 52,451 79,833 229,203 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, June 16, 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 Jun 16, 2010 Federal Reserve notes outstanding 1,090,525 Less: Notes held by F.R. Banks not subject to collateralization 190,667 Federal Reserve notes to be collateralized 899,858 Collateral held against Federal Reserve notes 899,858 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 883,621 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,070,754 Less: Face value of securities under reverse repurchase agreements 58,394 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,012,360 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.