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Release Date:   March 11, 2010
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FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks

March 11, 2010
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks		 Averages of daily figures Wednesday
Mar 10, 2010
Week ended
Mar 10, 2010		 Change from week ended
Mar 3, 2010 Mar 11, 2009
Reserve Bank credit 2,262,518 - 200 + 385,121 2,264,820
    Securities held outright 1 1,971,754 + 911 +1,387,690 1,974,773
        U.S. Treasury securities 776,577 + 35 + 301,931 776,591
            Bills 2 18,423 0 0 18,423
            Notes and bonds, nominal 2 708,872 0 + 295,958 708,872
            Notes and bonds, inflation-indexed 2 43,777 0 + 4,399 43,777
            Inflation compensation 3 5,505 + 34 + 1,573 5,519
        Federal agency debt securities 2 167,725 + 214 + 127,242 169,011
        Mortgage-backed securities 4 1,027,452 + 663 + 958,517 1,029,172
    Repurchase agreements 5 0 0 0 0
    Term auction credit 15,425 0 - 477,720 15,425
    Other loans 85,151 - 1,397 - 47,967 83,791
        Primary credit 13,730 - 43 - 49,757 13,778
        Secondary credit 757 - 43 + 757 700
        Seasonal credit 9 + 5 + 7 10
        Primary dealer and other broker-dealer credit 6 0 0 - 19,733 0
        Asset-Backed Commercial Paper Money Market
            Mutual Fund Liquidity Facility		 0 0 - 7,552 0
        Credit extended to American International
            Group, Inc., net 7		 24,975 - 235 - 17,369 24,845
        Term Asset-Backed Securities Loan Facility, net 8 45,680 - 1,082 + 45,680 44,458
        Other credit extensions 0 0 0 0
    Net portfolio holdings of Commercial Paper
        Funding Facility LLC 9		 7,749 + 7 - 232,909 7,757
    Net portfolio holdings of Maiden Lane LLC 10 27,261 + 26 + 1,143 27,267
    Net portfolio holdings of Maiden Lane II LLC 11 15,326 - 226 - 3,100 15,331
    Net portfolio holdings of Maiden Lane III LLC 12 22,014 - 393 - 5,449 22,118
    Net portfolio holdings of TALF LLC 13 372 0 + 372 372
    Preferred interests in AIA Aurora LLC and ALICO
        Holdings LLC 14		 25,106 0 + 25,106 25,106
    Float -1,888 - 48 + 582 -2,018
    Central bank liquidity swaps 15 0 0 - 313,869 0
    Other Federal Reserve assets 16 94,247 + 919 + 51,242 94,898
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 + 3,000 5,200
Treasury currency outstanding 17 42,817 + 14 + 587 42,817
 
Total factors supplying reserve funds 2,321,576 - 186 + 388,709 2,323,878
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
reserve balances of depository institutions at
Federal Reserve Banks		 Averages of daily figures Wednesday
Mar 10, 2010
Week ended
Mar 10, 2010		 Change from week ended
Mar 3, 2010 Mar 11, 2009
Currency in circulation 17 932,796 + 869 + 32,068 934,110
Reverse repurchase agreements 18 55,274 - 1,301 - 12,451 55,903
    Foreign official and international accounts 55,274 - 1,301 - 12,451 55,903
    Dealers 0 0 0 0
Treasury cash holdings 204 + 4 - 92 201
Deposits with F.R. Banks, other than reserve balances 91,853 + 21,885 - 191,448 78,935
    U.S. Treasury, general account 36,142 - 2,752 - 12,754 23,292
    U.S. Treasury, supplementary financing account 49,993 + 24,996 - 149,952 49,993
    Foreign official 2,675 - 262 + 1,134 2,616
    Service-related 2,740 - 1 - 1,725 2,740
        Required clearing balances 2,740 - 1 - 1,725 2,740
        Adjustments to compensate for float 0 0 0 0
    Other 304 - 95 - 28,151 295
Other liabilities and capital 19 66,397 + 23 + 14,053 67,049
 
Total factors, other than reserve balances,
    absorbing reserve funds		 1,146,525 + 21,481 - 157,869 1,136,198
 
Reserve balances with Federal Reserve Banks 1,175,051 - 21,667 + 546,577 1,187,680
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, net of unamortized deferred administrative fees.
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, and accrued dividends on the Federal Reserve Bank of New York's preferred interests in AIA Aurora LLC and ALICO Holdings LLC.
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
Memorandum item Averages of daily figures Wednesday
Mar 10, 2010
Week ended
Mar 10, 2010		 Change from week ended
Mar 3, 2010 Mar 11, 2009
Marketable securities held in custody for foreign
    official and international accounts 1		 2,981,779 + 12,863 + 390,424 2,979,826
    U.S. Treasury securities 2,210,907 + 9,871 + 430,412 2,208,851
    Federal agency securities 2 770,872 + 2,992 - 39,988 770,975
Securities lent to dealers 5,339 - 154 - 106,994 4,978
    Overnight facility 3 5,339 - 154 + 1,305 4,978
        U.S. Treasury securities 4,580 - 10 + 546 4,199
        Federal agency debt securities 759 - 145 + 759 779
    Term facility 4 0 0 - 108,299 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, March 10, 2010
Millions of dollars
Remaining maturity Within 15
days		 16 days to
90 days		 91 days to
1 year		 Over 1 year
to 5 years		 Over 5 years
to 10 years		 Over 10
years		 All
Term auction credit 15,425 0 ... ... ... ... 15,425
Other loans 1 14,414 73 0 69,303 0 ... 83,791
U.S. Treasury securities 2  
    Holdings 16,880 24,408 44,020 333,484 214,057 143,741 776,591
    Weekly changes + 3,867 - 3,864 + 1 + 9 + 9 + 15 + 38
Federal agency debt securities 3  
    Holdings 1,523 2,273 23,466 104,872 34,530 2,347 169,011
    Weekly changes 0 0 0 + 1,500 0 0 + 1,500
Mortgage-backed securities 4  
    Holdings 0 0 0 17 20 1,029,134 1,029,172
    Weekly changes 0 0 0 0 0 + 2,344 + 2,344
Commercial paper held by
    Commercial Paper Funding
    Facility LLC 5		 0 2,966 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 55,903 0 ... ... ... ... 55,903
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
Account name Wednesday
Mar 10, 2010
Mortgage-backed securities held outright 1 1,029,172
 
Commitments to buy mortgage-backed securities 2 149,362
Commitments to sell mortgage-backed securities 2 19,425
 
Cash and cash equivalents 3 91
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
Account name Wednesday
Mar 10, 2010
Net portfolio holdings of Maiden Lane LLC 1 27,267
 
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 2 445
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. 3 1,260
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
Account name Wednesday
Mar 10, 2010
Net portfolio holdings of Maiden Lane II LLC 1 15,331
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 14,970
Accrued interest payable to the Federal Reserve Bank of New York 2 302
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. 3 1,043
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
Account name Wednesday
Mar 10, 2010
Net portfolio holdings of Maiden Lane III LLC 1 22,118
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 16,929
Accrued interest payable to the Federal Reserve Bank of New York 2 382
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. 3 5,225
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
Account name Wednesday
Mar 10, 2010
Commercial paper holdings, net 1 2,880
Other investments, net 4,876
Net portfolio holdings of Commercial Paper Funding Facility LLC 7,757
 
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 1
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
Account name Wednesday
Mar 10, 2010
Asset-backed securities holdings 1 0
Other investments, net 372
Net portfolio holdings of TALF LLC 372
 
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 3 103
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
Account name Wednesday
Mar 10, 2010
Preferred interests in AIA Aurora LLC and ALICO Holdings LLC 1 25,106
Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC 2 237
 
Preferred interests in AIA Aurora LLC 1 16,068
Accrued dividends on preferred interests in AIA Aurora LLC 2 152
 
Preferred interests in ALICO Holdings LLC 1 9,038
Accrued dividends on preferred interests in ALICO Holdings LLC 2 85
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
Assets, liabilities, and capital Eliminations from
consolidation		 Wednesday
Mar 10, 2010		 Change since
Wednesday
Mar 3, 2010		 Wednesday
Mar 11, 2009
Assets  
Gold certificate account   11,037 0 0
Special drawing rights certificate account   5,200 0 + 3,000
Coin   2,133 - 17 + 298
Securities, repurchase agreements, term auction
    credit, and other loans		   2,073,989 + 1,674 + 858,124
    Securities held outright 1   1,974,773 + 3,881 +1,386,722
        U.S. Treasury securities   776,591 + 38 + 301,930
            Bills 2   18,423 0 0
            Notes and bonds, nominal 2   708,872 0 + 295,958
            Notes and bonds, inflation-indexed 2   43,777 0 + 4,399
            Inflation compensation 3   5,519 + 38 + 1,572
        Federal agency debt securities 2   169,011 + 1,500 + 124,579
        Mortgage-backed securities 4   1,029,172 + 2,344 + 960,214
    Repurchase agreements 5   0 0 0
    Term auction credit   15,425 0 - 477,720
    Other loans   83,791 - 2,207 - 50,878
Net portfolio holdings of Commercial Paper
    Funding Facility LLC 6		   7,757 + 11 - 233,101
Net portfolio holdings of Maiden Lane LLC 7   27,267 + 7 + 1,089
Net portfolio holdings of Maiden Lane II LLC 8   15,331 - 232 - 3,096
Net portfolio holdings of Maiden Lane III LLC 9   22,118 - 317 - 5,479
Net portfolio holdings of TALF LLC 10   372 0 + 372
Preferred interests in AIA Aurora LLC and ALICO
    Holdings LLC 11		   25,106 0 + 25,106
Items in process of collection (74) 299 - 35 - 305
Bank premises   2,238 + 2 + 52
Central bank liquidity swaps 12   0 0 - 312,461
Other assets 13   92,995 + 1,226 + 51,257
 
Total assets (74) 2,285,843 + 2,321 + 384,857
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
Assets, liabilities, and capital Eliminations from
consolidation		 Wednesday
Mar 10, 2010		 Change since
Wednesday
Mar 3, 2010		 Wednesday
Mar 11, 2009
Liabilities  
Federal Reserve notes, net of F.R. Bank holdings   893,623 + 839 + 31,358
Reverse repurchase agreements 14   55,903 + 698 - 10,482
Deposits (0) 1,266,950 - 513 + 351,366
    Depository institutions   1,190,756 + 4,674 + 558,266
    U.S. Treasury, general account   23,292 - 29,987 - 11,139
    U.S. Treasury, supplementary financing account   49,993 + 24,996 - 149,952
    Foreign official   2,616 - 179 + 823
    Other (0) 295 - 15 - 46,631
Deferred availability cash items (74) 2,317 - 405 - 1,403
Other liabilities and accrued dividends 15   14,230 + 2,158 + 5,106
 
Total liabilities (74) 2,233,024 + 2,778 + 375,946
 
Capital accounts  
Capital paid in   26,076 + 221 + 3,716
Surplus   25,389 - 85 + 4,442
Other capital accounts   1,353 - 594 + 752
 
Total capital   52,818 - 458 + 8,910
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, and accrued dividends on the Federal Reserve Bank of New York's preferred interests in AIA Aurora LLC and ALICO Holdings LLC.
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, March 10, 2010
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City		 Dallas San
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 2,133 74 82 170 158 316 203 336 25 67 145 207 351
Securities, repurchase agreements, term
    auction credit, and other loans		 2,073,989 37,934 865,785 31,158 78,129 71,711 238,641 214,613 77,549 32,844 89,176 96,083 240,368
    Securities held outright 1 1,974,773 37,882 771,890 30,637 78,019 71,165 237,933 213,692 77,364 32,693 89,140 95,483 238,875
        U.S. Treasury securities 776,591 14,897 303,550 12,048 30,682 27,986 93,568 84,036 30,424 12,857 35,055 37,549 93,939
            Bills 2 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228
            Notes and bonds 3 758,168 14,544 296,349 11,762 29,954 27,322 91,349 82,042 29,702 12,552 34,223 36,659 91,711
        Federal agency debt securities 2 169,011 3,242 66,062 2,622 6,677 6,091 20,363 18,289 6,621 2,798 7,629 8,172 20,444
        Mortgage-backed securities 4 1,029,172 19,743 402,278 15,967 40,661 37,088 124,001 111,367 40,319 17,038 46,456 49,762 124,492
    Repurchase agreements 5 0 0 0 0 0 0 0 0 0 0 0 0 0
    Term auction credit 15,425 25 10,571 456 109 363 678 794 183 132 35 600 1,479
    Other loans 83,791 26 83,323 65 0 183 30 127 2 19 1 0 14
Net portfolio holdings of Commercial
    Paper Funding Facility LLC 6		 7,757 0 7,757 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
    Lane LLC 7		 27,267 0 27,267 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
    Lane II LLC 8		 15,331 0 15,331 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
    Lane III LLC 9		 22,118 0 22,118 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF LLC 10 372 0 372 0 0 0 0 0 0 0 0 0 0
Preferred interests in AIA Aurora LLC
    and ALICO Holdings LLC 11		 25,106 0 25,106 0 0 0 0 0 0 0 0 0 0
Items in process of collection 373 15 0 38 124 9 50 20 4 36 21 27 28
Bank premises 2,238 121 260 70 143 238 220 208 136 110 267 252 213
Central bank liquidity swaps 12 0 0 0 0 0 0 0 0 0 0 0 0 0
Other assets 13 92,995 2,243 33,934 3,920 4,522 9,515 9,658 7,845 2,878 1,829 3,244 3,618 9,790
Interdistrict settlement account 0 + 6,159 + 88,157 + 46,200 - 19,751 + 224,470 - 92,954 - 98,826 - 37,559 - 10,574 - 35,024 - 24,915 - 45,382
 
Total assets 2,285,916 47,154 1,091,880 82,216 64,029 307,552 157,829 125,531 43,512 24,599 58,316 76,176 207,123
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, March 10, 2010 (continued)
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City		 Dallas San
Francisco
Liabilities  
Federal Reserve notes outstanding 1,078,926 35,261 393,777 38,697 44,467 82,304 137,014 85,745 32,587 19,747 28,567 65,198 115,563
    Less: Notes held by F.R. Banks 185,303 4,455 64,536 5,549 7,567 10,452 32,555 11,626 3,826 2,891 3,362 13,104 25,380
        Federal Reserve notes, net 893,623 30,806 329,241 33,149 36,899 71,852 104,459 74,119 28,761 16,856 25,205 52,094 90,183
Reverse repurchase agreements 14 55,903 1,072 21,851 867 2,209 2,015 6,736 6,049 2,190 925 2,523 2,703 6,762
Deposits 1,266,950 13,128 716,062 42,273 19,992 218,875 42,260 42,998 11,658 4,876 29,688 20,002 105,138
    Depository institutions 1,190,756 13,116 639,988 42,269 19,988 218,795 42,257 42,990 11,657 4,875 29,687 20,002 105,133
    U.S. Treasury, general account 23,292 0 23,292 0 0 0 0 0 0 0 0 0 0
    U.S. Treasury, supplementary
        financing account		 49,993 0 49,993 0 0 0 0 0 0 0 0 0 0
    Foreign official 2,616 1 2,587 4 3 11 2 1 0 1 0 1 3
    Other 295 11 202 0 1 70 0 6 1 0 1 0 2
Deferred availability cash items 2,391 60 0 215 695 83 161 157 58 323 101 108 430
Other liabilities and accrued
    dividends 15		 14,230 214 9,141 235 359 592 861 770 315 180 323 390 848
 
Total liabilities 2,233,098 45,281 1,076,294 76,739 60,155 293,417 154,477 124,093 42,982 23,160 57,841 75,297 203,361
 
Capital  
Capital paid in 26,076 914 7,531 2,857 1,922 7,128 1,599 645 236 712 207 407 1,918
Surplus 25,389 945 7,505 2,620 1,910 7,007 1,581 620 240 712 210 353 1,687
Other capital 1,353 14 549 0 42 0 172 174 54 14 59 119 157
 
Total liabilities and capital 2,285,916 47,154 1,091,880 82,216 64,029 307,552 157,829 125,531 43,512 24,599 58,316 76,176 207,123
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, March 10, 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, and accrued dividends on the Federal Reserve Bank of New York's preferred interests in AIA Aurora LLC and ALICO Holdings LLC.
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
Federal Reserve notes and collateral Wednesday
Mar 10, 2010
Federal Reserve notes outstanding 1,078,926
    Less: Notes held by F.R. Banks not subject to collateralization 185,303
        Federal Reserve notes to be collateralized 893,623
Collateral held against Federal Reserve notes 893,623
    Gold certificate account 11,037
    Special drawing rights certificate account 5,200
    U.S. Treasury, agency debt, and mortgage-backed securities pledged 1,2 877,386
    Other assets pledged 0
Memo:  
Total U.S. Treasury, agency debt, and mortgage-backed securities 1,2 1,974,773
    Less: Face value of securities under reverse repurchase agreements 55,224
        U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,919,549
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.

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Last update: March 11, 2010