Annual Report 2010

Note: Components may not sum to totals because of rounding.

1. Includes remaining principal balance. TALF loans are recorded at fair value, and the fair value adjustment as of December 31 is reported in "All other assets." Return to table

2. Includes outstanding principal and capitalized interest net of unamortized deferred commitment fees and allowance for loan restructuring. Excludes credit extended to Maiden Lane II LLC and Maiden Lane III LLC. Return to table

3. Includes securities loaned--fully collateralized by U.S. Treasury securities, other investment-grade securities, and collateral eligible for triparty repurchase agreements pledged with Federal Reserve Banks. Return to table

4. The Federal Reserve Bank of New York is the primary beneficiary of Commercial Paper Funding Facility LLC, TALF LLC, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC and, as a result, the accounts and results of operations of these entities are included in the combined financial statements of the Federal Reserve Banks. For additional details, see the "Table 6. Key Financial Data for Consolidated Limited Liability Companies" Return to table

5. In March 2009, the Federal Reserve Bank of New York received preferred interests in two special purpose vehicles, AIA Aurora LLC and ALICO Holdings LLC, in exchange for the reduction of the outstanding balance of revolving credit provided to American International Group, Inc. (AIG). The preferred interests are recorded at cost. Return to table

6. Valued daily at market exchange rates. Return to table

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. Return to table

8. Includes premiums on securities, accrued interest, the fair value adjustment for TALF loans, and depository institution overdrafts. Return to table

9. Contract amount of agreements. Return to table

10. Represents amounts deposited by the U.S. Treasury that result from a temporary supplementary program that offsets, in part, the reserve impact of the Reserve Banks' lending and liquidity initiatives. Return to table

11. Includes deposits of government-sponsored enterprises, the Consumer Financial Protection Bureau, and international organizations. These deposits are primarily held by the Federal Reserve Bank of New York. Return to table

12. Pending the closing of the recapitalization plan announced by AIG on September 30, 2010, the cash proceeds from the disposition of certain AIG assets were held by FRBNY as agent. At the closing of the recapitalization plan which occurred January 14, 2011, the proceeds were used first to repay in full the credit extended to AIG by the FRBNY under the revolving credit facility and then to redeem a portion of the FRBNY's preferred interests in ALICO Holdings LLC (preferred interests). Return to table

13. 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 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. Return to table

14. The other beneficial interest holder related to the TALF LLC is the U.S. Treasury; to Maiden Lane LLC, it is JPMorgan Chase; and to Maiden Lane II and Maiden Lane III LLCs, it is AIG. Return to table

15. Includes discounts on securities, accrued benefit costs. Return to table

... Not applicable. Return to table