FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks July 21, 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 Jul 20, 2011 Federal Reserve Banks Jul 20, 2011 Jul 13, 2011 Jul 21, 2010 Reserve Bank credit 2,854,859 - 4,244 + 539,171 2,855,494 Securities held outright (1) 2,651,436 - 794 + 590,202 2,652,311 U.S. Treasury securities 1,631,801 + 3,495 + 854,791 1,634,093 Bills (2) 18,423 0 0 18,423 Notes and bonds, nominal (2) 1,538,655 + 3,416 + 826,635 1,540,917 Notes and bonds, inflation-indexed (2) 65,521 0 + 24,392 65,521 Inflation compensation (3) 9,203 + 79 + 3,764 9,232 Federal agency debt securities (2) 114,627 - 443 - 45,144 114,036 Mortgage-backed securities (4) 905,008 - 3,845 - 219,445 904,182 Repurchase agreements (5) 0 0 0 0 Loans 12,504 - 14 - 53,401 12,531 Primary credit 6 - 2 - 19 26 Secondary credit 0 0 - 1 0 Seasonal credit 76 + 10 - 3 83 Credit extended to American International Group, Inc., net (6) 0 0 - 24,154 0 Term Asset-Backed Securities Loan Facility (7) 12,422 - 22 - 29,224 12,422 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) 21,173 - 2,704 - 7,365 20,744 Net portfolio holdings of Maiden Lane II LLC (10) 11,454 + 3 - 4,096 11,461 Net portfolio holdings of Maiden Lane III LLC (11) 23,634 - 687 + 665 23,518 Net portfolio holdings of TALF LLC (12) 757 0 + 246 757 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (6) 0 0 - 25,733 0 Float -1,075 + 105 + 596 -1,053 Central bank liquidity swaps (13) 0 0 - 1,246 0 Other Federal Reserve assets (14) 134,976 - 153 + 39,303 135,225 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (15) 44,008 + 14 + 757 44,008 Total factors supplying reserve funds 2,915,108 - 4,230 + 539,928 2,915,742 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 Jul 20, 2011 Federal Reserve Banks Jul 20, 2011 Jul 13, 2011 Jul 21, 2010 Currency in circulation (15) 1,028,352 - 1,864 + 85,322 1,029,334 Reverse repurchase agreements (16) 65,706 - 838 + 2,338 64,695 Foreign official and international accounts 65,706 - 838 + 2,338 64,695 Others 0 0 0 0 Treasury cash holdings 153 + 13 - 90 134 Deposits with F.R. Banks, other than reserve balances 111,353 + 41,092 - 148,272 125,150 Term deposits held by depository institutions 0 0 - 4,241 0 U.S. Treasury, general account 90,719 + 40,380 + 39,412 96,422 U.S. Treasury, supplementary financing account 5,000 0 - 194,962 5,000 Foreign official 142 - 11 - 1,115 178 Service-related 2,530 - 2 + 61 2,530 Required clearing balances 2,530 - 2 + 61 2,530 Adjustments to compensate for float 0 0 0 0 Other 12,962 + 726 + 12,573 21,020 Funds from American International Group, Inc. asset dispositions, held as agent (6) 0 0 0 0 Other liabilities and capital (17) 72,478 - 498 - 241 71,758 Total factors, other than reserve balances, absorbing reserve funds 1,278,042 + 37,906 - 60,943 1,291,071 Reserve balances with Federal Reserve Banks 1,637,065 - 42,136 + 600,870 1,624,671 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 Jul 20, 2011 Memorandum item Jul 20, 2011 Jul 13, 2011 Jul 21, 2010 Marketable securities held in custody for foreign official and international accounts (1) 3,453,945 + 3,175 + 322,168 3,454,428 U.S. Treasury securities 2,719,889 + 5,061 + 416,382 2,721,855 Federal agency securities (2) 734,056 - 1,887 - 94,215 732,573 Securities lent to dealers 14,411 - 1,019 + 9,955 14,113 Overnight facility (3) 14,411 - 1,019 + 9,955 14,113 U.S. Treasury securities 13,808 - 832 + 10,508 13,538 Federal agency debt securities 603 - 187 - 553 575 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, July 20, 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) 89 20 1,760 10,662 0 ... 12,531 U.S. Treasury securities (2) Holdings 15,085 15,309 114,135 710,280 579,576 199,706 1,634,093 Weekly changes + 444 - 445 + 10,268 - 3,654 - 2,972 + 37 + 3,679 Federal agency debt securities (3) Holdings 1,601 4,767 16,639 68,537 20,145 2,347 114,036 Weekly changes - 1,034 + 600 - 145 + 2,149 - 2,604 0 - 1,034 Mortgage-backed securities (4) Holdings 0 0 0 16 23 904,143 904,182 Weekly changes 0 0 0 - 1 0 - 4,671 - 4,671 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) 64,695 0 ... ... ... ... 64,695 Term deposits 0 0 0 ... ... ... 0 Note: Components may not sum to totals because of rounding. . . . Not applicable. 1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation under generally accepted accounting principles. 2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the original face value of such securities. 3. Face value. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets. 6. Cash value of agreements. 7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 3. Supplemental Information on Mortgage-Backed Securities Purchase Program Millions of dollars Wednesday Account name Jul 20, 2011 Mortgage-backed securities held outright (1) 904,182 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 Jul 20, 2011 Net portfolio holdings of Maiden Lane LLC (1) 20,744 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) 715 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,353 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, 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 Jul 20, 2011 Net portfolio holdings of Maiden Lane II LLC (1) 11,461 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 6,971 Accrued interest payable to the Federal Reserve Bank of New York (2) 530 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,090 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, 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 Jul 20, 2011 Net portfolio holdings of Maiden Lane III LLC (1) 23,518 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) 633 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,462 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, 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 Jul 20, 2011 Asset-backed securities holdings (1) 0 Other investments, net 757 Net portfolio holdings of TALF LLC 757 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 Jul 20, 2011 Wednesday Wednesday Assets, liabilities, and capital Jul 13, 2011 Jul 21, 2010 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 2,167 + 50 + 134 Securities, repurchase agreements, and loans 2,664,842 - 2,005 + 538,307 Securities held outright (1) 2,652,311 - 2,026 + 591,327 U.S. Treasury securities 1,634,093 + 3,679 + 857,080 Bills (2) 18,423 0 0 Notes and bonds, nominal (2) 1,540,917 + 3,600 + 828,897 Notes and bonds, inflation-indexed (2) 65,521 0 + 24,392 Inflation compensation (3) 9,232 + 79 + 3,790 Federal agency debt securities (2) 114,036 - 1,034 - 45,345 Mortgage-backed securities (4) 904,182 - 4,671 - 220,408 Repurchase agreements (5) 0 0 0 Loans 12,531 + 21 - 53,020 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 0 0 - 1 Net portfolio holdings of Maiden Lane LLC (7) 20,744 - 3,168 - 7,826 Net portfolio holdings of Maiden Lane II LLC (8) 11,461 + 8 - 4,095 Net portfolio holdings of Maiden Lane III LLC (9) 23,518 - 840 + 538 Net portfolio holdings of TALF LLC (10) 757 0 + 217 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (11) 0 0 - 25,733 Items in process of collection (134) 264 0 - 94 Bank premises 2,201 + 2 - 30 Central bank liquidity swaps (12) 0 0 - 1,246 Other assets (13) 133,019 - 841 + 39,300 Total assets (134) 2,875,211 - 6,793 + 539,471 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 Jul 20, 2011 Wednesday Wednesday Assets, liabilities, and capital Jul 13, 2011 Jul 21, 2010 Liabilities Federal Reserve notes, net of F.R. Bank holdings 987,624 - 661 + 85,365 Reverse repurchase agreements (14) 64,695 - 357 + 3,228 Deposits (0) 1,749,817 - 5,432 + 451,508 Term deposits held by depository institutions 0 0 - 4,241 Other deposits held by depository institutions 1,627,197 - 60,318 + 578,912 U.S. Treasury, general account 96,422 + 57,006 + 52,557 U.S. Treasury, supplementary financing account 5,000 0 - 194,962 Foreign official 178 + 17 - 1,270 Other (0) 21,020 - 2,137 + 20,512 Deferred availability cash items (134) 1,317 - 205 - 819 Other liabilities and accrued dividends (15) 20,085 - 137 + 5,355 Total liabilities (134) 2,823,538 - 6,792 + 544,638 Capital accounts Capital paid in 25,836 - 1 - 825 Surplus 25,836 - 1 + 20 Other capital accounts 0 0 - 4,362 Total capital 51,673 - 1 - 5,167 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, July 20, 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 2,167 49 72 161 160 357 192 327 41 61 165 221 360 Securities, repurchase agreements, and loans 2,664,842 65,211 1,245,862 90,861 71,664 306,315 197,185 157,521 50,223 40,792 70,566 104,899 263,742 Securities held outright (1) 2,652,311 65,211 1,233,439 90,858 71,644 306,315 197,180 157,509 50,200 40,762 70,553 104,899 263,742 U.S. Treasury securities 1,634,093 40,177 759,923 55,978 44,140 188,721 121,483 97,041 30,929 25,114 43,468 64,629 162,492 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) 1,615,670 39,724 751,356 55,346 43,643 186,593 120,113 95,947 30,580 24,830 42,978 63,900 160,660 Federal agency debt securities (2) 114,036 2,804 53,032 3,906 3,080 13,170 8,478 6,772 2,158 1,753 3,033 4,510 11,340 Mortgage-backed securities (4) 904,182 22,231 420,484 30,974 24,424 104,424 67,219 53,695 17,113 13,896 24,052 35,761 89,911 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 12,531 0 12,424 3 20 0 6 12 22 30 14 0 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) 20,744 0 20,744 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (8) 11,461 0 11,461 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (9) 23,518 0 23,518 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF LLC (10) 757 0 757 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 398 25 0 71 107 5 22 38 6 30 16 19 59 Bank premises 2,201 123 256 68 137 236 214 207 136 106 261 246 211 Central bank liquidity swaps (12) 0 0 0 0 0 0 0 0 0 0 0 0 0 Other assets (13) 133,019 3,568 56,919 6,261 4,880 17,856 9,445 6,966 2,257 2,497 3,073 4,624 14,672 Interdistrict settlement account 0 - 10,549 + 281,332 + 3,592 - 8,501 - 113,177 - 44,820 - 9,930 - 8,624 - 20,982 - 19,437 - 5,239 - 43,664 Total assets 2,875,345 59,013 1,646,605 101,656 69,134 212,877 164,285 156,407 44,508 22,791 55,116 105,781 237,171 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, July 20, 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 1,148,038 43,132 384,901 47,007 54,964 94,834 139,317 90,331 34,146 19,412 32,182 75,186 132,627 Less: Notes held by F.R. Banks 160,414 5,072 40,446 6,333 7,607 12,727 24,949 13,370 4,481 5,570 3,301 11,356 25,201 Federal Reserve notes, net 987,624 38,060 344,455 40,674 47,358 82,106 114,367 76,960 29,664 13,842 28,881 63,830 107,426 Reverse repurchase agreements (14) 64,695 1,591 30,086 2,216 1,748 7,472 4,810 3,842 1,224 994 1,721 2,559 6,433 Deposits 1,749,817 17,211 1,241,142 53,502 15,544 111,180 41,500 73,504 12,908 7,308 23,688 38,194 114,135 Term deposits held by depository institutions 0 0 0 0 0 0 0 0 0 0 0 0 0 Other deposits held by depository institutions 1,627,197 17,206 1,118,879 53,481 15,540 110,922 41,498 73,479 12,883 7,307 23,687 38,194 114,124 U.S. Treasury, general account 96,422 0 96,422 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 5,000 0 5,000 0 0 0 0 0 0 0 0 0 0 Foreign official 178 1 150 4 3 8 2 1 0 1 0 1 6 Other 21,020 4 20,691 18 1 250 0 25 25 0 1 0 5 Deferred availability cash items 1,452 76 0 227 217 51 79 106 51 252 83 68 242 Interest on Federal Reserve notes due to U.S. Treasury (15) 1,689 36 821 59 55 195 105 94 30 22 42 64 168 Other liabilities and accrued dividends (16) 18,396 197 14,666 259 264 747 484 414 180 153 182 288 562 Total liabilities 2,823,672 57,171 1,631,169 96,937 65,185 201,751 161,345 154,921 44,058 22,571 54,597 105,002 228,965 Capital Capital paid in 25,836 921 7,718 2,359 1,975 5,563 1,470 743 225 110 259 389 4,103 Surplus 25,836 921 7,718 2,359 1,975 5,563 1,470 743 225 110 259 389 4,103 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 2,875,345 59,013 1,646,605 101,656 69,134 212,877 164,285 156,407 44,508 22,791 55,116 105,781 237,171 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, July 20, 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 Jul 20, 2011 Federal Reserve notes outstanding 1,148,038 Less: Notes held by F.R. Banks not subject to collateralization 160,414 Federal Reserve notes to be collateralized 987,624 Collateral held against Federal Reserve notes 987,624 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 971,387 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,652,311 Less: Face value of securities under reverse repurchase agreements 58,394 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,593,918 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.