Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:   August 5, 2010
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For release at
4:30 P.M. EDT
August 5, 2010

The weekly average values, shown in table 1, reflect the June 30, 2010, quarterly update to the
fair value adjustments for the Term Asset-Backed Securities Loan Facility (TALF). The
TALF fair value adjustments are included in the item "other Federal Reserve assets." The
first six days of this reporting week for this item include the TALF fair value adjustments as
of March 31, 2010, and the last day of the reporting week includes the TALF fair value
adjustments as of June 30, 2010.

FEDERAL RESERVE statistical release

H.4.1

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

August 5, 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
Aug 4, 2010
Week ended
Aug 4, 2010		 Change from week ended
Jul 28, 2010 Aug 5, 2009
Reserve Bank credit 2,309,130 - 3,240 + 331,225 2,309,302
    Securities held outright 1 2,054,033 - 4,198 + 699,951 2,054,134
        U.S. Treasury securities 777,022 + 4 + 72,665 777,019
            Bills 2 18,423 0 0 18,423
            Notes and bonds, nominal 2 712,020 0 + 76,007 712,020
            Notes and bonds, inflation-indexed 2 41,129 0 - 3,437 41,129
            Inflation compensation 3 5,451 + 4 + 96 5,448
        Federal agency debt securities 2 159,381 0 + 52,544 159,381
        Mortgage-backed securities 4 1,117,629 - 4,202 + 574,741 1,117,734
    Repurchase agreements 5 0 0 0 0
    Term auction credit 0 0 - 233,651 0
    Other loans 63,888 - 951 - 43,954 63,767
        Primary credit 36 + 25 - 35,054 62
        Secondary credit 0 - 1 - 249 0
        Seasonal credit 83 + 6 - 6 83
        Asset-Backed Commercial Paper Money Market
            Mutual Fund Liquidity Facility		 0 0 - 515 0
        Credit extended to American International
            Group, Inc., net 6		 23,585 - 190 - 18,031 23,661
        Term Asset-Backed Securities Loan Facility 7 40,184 - 791 + 9,900 39,960
        Other credit extensions 0 0 0 0
    Net portfolio holdings of Commercial Paper
        Funding Facility LLC 8		 1 0 - 64,743 1
    Net portfolio holdings of Maiden Lane LLC 9 29,427 + 736 + 3,528 29,451
    Net portfolio holdings of Maiden Lane II LLC 10 16,172 + 528 + 1,027 16,174
    Net portfolio holdings of Maiden Lane III LLC 11 23,550 + 490 + 2,385 23,581
    Net portfolio holdings of TALF LLC 12 540 0 + 540 540
    Preferred interests in AIA Aurora LLC and ALICO
        Holdings LLC 13		 25,733 0 + 25,733 25,733
    Float -1,683 - 95 + 261 -1,929
    Central bank liquidity swaps 14 1,246 0 - 76,143 1,246
    Other Federal Reserve assets 15 96,223 + 250 + 16,291 96,605
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 + 3,000 5,200
Treasury currency outstanding 16 43,238 + 14 + 757 43,238
 
Total factors supplying reserve funds 2,368,609 - 3,226 + 334,982 2,368,781
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
Aug 4, 2010
Week ended
Aug 4, 2010		 Change from week ended
Jul 28, 2010 Aug 5, 2009
Currency in circulation 16 944,690 + 2,433 + 34,089 946,755
Reverse repurchase agreements 17 62,155 + 1,242 - 5,644 60,907
    Foreign official and international accounts 62,155 + 1,242 - 5,644 60,907
    Dealers 0 0 0 0
Treasury cash holdings 210 - 16 - 90 198
Deposits with F.R. Banks, other than reserve balances 235,098 - 15,345 - 44,733 250,960
    Term deposits held by depository institutions 2,119 - 2,122 + 2,119 2,119
    U.S. Treasury, general account 27,377 - 14,226 - 43,435 44,013
    U.S. Treasury, supplementary financing account 199,960 - 1 + 25 199,960
    Foreign official 2,738 + 959 - 361 2,030
    Service-related 2,457 - 11 - 2,662 2,457
        Required clearing balances 2,457 - 11 - 2,662 2,457
        Adjustments to compensate for float 0 0 0 0
    Other 449 + 58 - 418 382
Other liabilities and capital 18 74,034 + 1,233 + 16,970 72,230
 
Total factors, other than reserve balances,
    absorbing reserve funds		 1,316,187 - 10,453 + 592 1,331,050
 
Reserve balances with Federal Reserve Banks 1,052,422 + 7,227 + 334,390 1,037,732
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
Memorandum item Averages of daily figures Wednesday
Aug 4, 2010
Week ended
Aug 4, 2010		 Change from week ended
Jul 28, 2010 Aug 5, 2009
Marketable securities held in custody for foreign
    official and international accounts 1		 3,153,905 + 8,200 + 343,753 3,155,207
    U.S. Treasury securities 2,322,752 + 6,906 + 299,475 2,325,565
    Federal agency securities 2 831,153 + 1,294 + 44,278 829,642
Securities lent to dealers 4,078 + 73 - 7,714 3,158
    Overnight facility 3 4,078 + 73 - 5,014 3,158
        U.S. Treasury securities 2,932 - 8 - 5,905 1,904
        Federal agency debt securities 1,146 + 81 + 892 1,254
    Term facility 4 0 0 - 2,700 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, August 4, 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
Other loans 1 93 52 0 63,622 0 ... 63,767
U.S. Treasury securities 2  
    Holdings 16,916 15,200 53,290 331,815 215,947 143,851 777,019
    Weekly changes - 2,504 + 1,118 + 918 - 486 + 951 - 1 - 2
Federal agency debt securities 3  
    Holdings 2,170 7,530 37,246 77,342 32,746 2,347 159,381
    Weekly changes + 1,359 - 1,359 0 0 0 0 0
Mortgage-backed securities 4  
    Holdings 0 0 0 30 20 1,117,684 1,117,734
    Weekly changes 0 0 0 0 0 + 260 + 260
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 1,242 4 0 0 0 0 1,246
   
Reverse repurchase agreements 7 60,907 0 ... ... ... ... 60,907
Term deposits 0 2,119 0 ... ... ... 2,119
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
Account name Wednesday
Aug 4, 2010
Mortgage-backed securities held outright 1 1,117,734
 
Commitments to buy mortgage-backed securities 2 2,531
Commitments to sell mortgage-backed securities 2 0
 
Cash and cash equivalents 3 615
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 10 and table 11.

4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name Wednesday
Aug 4, 2010
Net portfolio holdings of Maiden Lane LLC 1 29,451
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 28,790
Accrued interest payable to the Federal Reserve Bank of New York 2 533
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. 3 1,287
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 June 30, 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
Account name Wednesday
Aug 4, 2010
Net portfolio holdings of Maiden Lane II LLC 1 16,174
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 14,089
Accrued interest payable to the Federal Reserve Bank of New York 2 380
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. 3 1,057
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 June 30, 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
Account name Wednesday
Aug 4, 2010
Net portfolio holdings of Maiden Lane III LLC 1 23,581
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 15,469
Accrued interest payable to the Federal Reserve Bank of New York 2 469
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. 3 5,295
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 June 30, 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
Account name Wednesday
Aug 4, 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
Account name Wednesday
Aug 4, 2010
Asset-backed securities holdings 1 0
Other investments, net 540
Net portfolio holdings of TALF LLC 540
 
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 3 105
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 $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.


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
Aug 4, 2010
Preferred interests in AIA Aurora LLC and ALICO Holdings LLC 1 25,733
Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC 2 123
 
Preferred interests in AIA Aurora LLC 1 16,469
Accrued dividends on preferred interests in AIA Aurora LLC 2 79
 
Preferred interests in ALICO Holdings LLC 1 9,264
Accrued dividends on preferred interests in ALICO Holdings LLC 2 44
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
Aug 4, 2010		 Change since
Wednesday
Jul 28, 2010		 Wednesday
Aug 5, 2009
Assets  
    Gold certificate account   11,037 0 0
    Special drawing rights certificate account   5,200 0 + 3,000
    Coin   2,065 - 13 + 129
    Securities, repurchase agreements, term auction
        credit, and other loans		   2,117,901 - 147 + 422,284
        Securities held outright 1   2,054,134 + 258 + 697,852
            U.S. Treasury securities   777,019 - 2 + 71,688
                Bills 2   18,423 0 0
                Notes and bonds, nominal 2   712,020 0 + 75,101
                Notes and bonds, inflation-indexed 2   41,129 0 - 3,459
                Inflation compensation 3   5,448 - 2 + 47
            Federal agency debt securities 2   159,381 0 + 51,315
            Mortgage-backed securities 4   1,117,734 + 260 + 574,849
        Repurchase agreements 5   0 0 0
        Term auction credit   0 0 - 233,598
        Other loans   63,767 - 405 - 41,970
    Net portfolio holdings of Commercial Paper
        Funding Facility LLC 6		   1 0 - 61,162
    Net portfolio holdings of Maiden Lane LLC 7   29,451 + 34 + 3,502
    Net portfolio holdings of Maiden Lane II LLC 8   16,174 + 4 + 1,027
    Net portfolio holdings of Maiden Lane III LLC 9   23,581 + 41 + 2,277
    Net portfolio holdings of TALF LLC 10   540 0 + 540
    Preferred interests in AIA Aurora LLC and ALICO
        Holdings LLC 11		   25,733 0 + 25,733
    Items in process of collection (83) 323 - 68 - 263
    Bank premises   2,224 - 7 + 16
    Central bank liquidity swaps 12   1,246 0 - 75,025
    Other assets 13   94,410 + 1,336 + 16,094
 
Total assets (83) 2,329,885 + 1,180 + 338,151
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
Aug 4, 2010		 Change since
Wednesday
Jul 28, 2010		 Wednesday
Aug 5, 2009
Liabilities  
    Federal Reserve notes, net of F.R. Bank holdings   905,775 + 2,441 + 33,625
    Reverse repurchase agreements 14   60,907 + 266 - 5,927
    Deposits (0) 1,288,721 - 424 + 296,168
        Term deposits held by depository institutions   2,119 - 2,122 + 2,119
        Other deposits held by depository institutions   1,040,217 - 10,673 + 315,567
        U.S. Treasury, general account   44,013 + 13,598 - 17,509
        U.S. Treasury, supplementary financing account   199,960 - 1 + 25
        Foreign official   2,030 - 1,193 - 1,201
        Other (0) 382 - 34 - 2,832
    Deferred availability cash items (83) 2,252 + 104 - 690
    Other liabilities and accrued dividends 15   15,379 + 59 + 8,519
 
Total liabilities (83) 2,273,034 + 2,445 + 331,696
 
Capital accounts  
    Capital paid in   26,669 + 4 + 2,083
    Surplus   25,828 + 6 + 4,522
    Other capital accounts   4,354 - 1,274 - 150
 
Total capital   56,851 - 1,265 + 6,455
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, August 4, 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 11,037 369 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 2,065 66 69 162 150 299 194 321 31 60 149 217 345
    Securities, repurchase agreements,
        term auction credit, and other
        loans		 2,117,901 52,023 901,817 47,970 69,791 233,944 194,394 154,875 52,940 28,143 70,468 86,266 225,269
        Securities held outright 1 2,054,134 51,983 838,195 47,970 69,791 233,944 194,378 154,854 52,911 28,121 70,465 86,254 225,269
            U.S. Treasury securities 777,019 19,664 317,065 18,146 26,400 88,494 73,527 58,577 20,015 10,637 26,655 32,627 85,213
                Bills 2 18,423 466 7,517 430 626 2,098 1,743 1,389 475 252 632 774 2,020
                Notes and bonds 3 758,596 19,198 309,547 17,715 25,774 86,396 71,784 57,188 19,540 10,385 26,023 31,854 83,192
            Federal agency debt securities 2 159,381 4,033 65,036 3,722 5,415 18,152 15,082 12,015 4,105 2,182 5,467 6,692 17,479
            Mortgage-backed securities 4 1,117,734 28,286 456,095 26,102 37,976 127,298 105,769 84,262 28,791 15,302 38,343 46,934 122,578
        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 63,767 40 63,622 0 0 0 17 21 29 23 3 12 0
    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		 29,451 0 29,451 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane II LLC 8		 16,174 0 16,174 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane III LLC 9		 23,581 0 23,581 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of TALF LLC 10 540 0 540 0 0 0 0 0 0 0 0 0 0
    Preferred interests in AIA Aurora LLC
        and ALICO Holdings LLC 11		 25,733 0 25,733 0 0 0 0 0 0 0 0 0 0
    Items in process of collection 407 22 0 29 76 16 46 63 17 15 11 72 39
    Bank premises 2,224 123 256 69 143 238 218 209 135 108 265 248 212
    Central bank liquidity swaps 12 1,246 46 362 136 93 347 77 30 12 35 10 17 82
    Other assets 13 94,410 2,693 35,723 4,370 4,216 14,867 8,062 5,764 2,037 1,671 2,572 3,249 9,185
    Interdistrict settlement account 0 - 2,692 + 116,100 + 21,289 - 14,310 + 4,797 - 40,378 - 40,265 - 15,097 + 9,731 - 16,273 - 1,152 - 21,750
 
Total assets 2,329,969 52,847 1,155,662 74,639 60,859 255,765 164,653 122,308 40,549 40,057 57,652 89,852 215,127
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, August 4, 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 1,132,337 39,142 393,577 44,663 45,575 89,951 144,994 87,477 32,389 20,114 32,749 76,327 125,379
        Less: Notes held by F.R. Banks 226,562 4,113 97,737 5,367 9,744 14,755 30,430 12,529 4,546 4,925 3,451 12,440 26,523
            Federal Reserve notes, net 905,775 35,029 295,840 39,295 35,831 75,196 114,564 74,947 27,843 15,189 29,298 63,886 98,856
    Reverse repurchase agreements 14 60,907 1,541 24,853 1,422 2,069 6,937 5,763 4,592 1,569 834 2,089 2,558 6,679
    Deposits 1,288,721 14,085 807,622 27,817 18,246 159,935 40,307 40,719 10,376 21,914 25,494 22,101 100,105
        Term deposits held by depository
            institutions		 2,119 27 886 0 15 96 161 506 0 6 34 62 327
        Other deposits held by depository
            institutions		 1,040,217 14,052 560,570 27,812 18,229 159,716 40,143 40,148 10,371 21,907 25,459 22,037 99,774
        U.S. Treasury, general account 44,013 0 44,013 0 0 0 0 0 0 0 0 0 0
        U.S. Treasury, supplementary
            financing account		 199,960 0 199,960 0 0 0 0 0 0 0 0 0 0
        Foreign official 2,030 1 2,002 4 3 11 2 1 0 1 0 1 3
        Other 382 5 191 0 0 112 0 65 5 0 1 0 2
    Deferred availability cash items 2,336 79 0 212 543 88 148 180 61 337 85 163 440
    Other liabilities and accrued
        dividends 15		 15,379 211 11,347 222 271 788 585 479 207 144 214 295 615
 
Total liabilities 2,273,118 50,945 1,139,663 68,968 56,961 242,944 161,367 120,918 40,056 38,418 57,180 89,002 206,696
 
Capital  
    Capital paid in 26,669 916 7,628 2,806 1,918 5,440 1,549 641 218 806 212 397 4,137
    Surplus 25,828 945 7,624 2,803 1,911 7,141 1,581 621 239 712 210 353 1,688
    Other capital 4,354 40 748 61 69 240 155 128 36 120 50 100 2,606
 
Total liabilities and capital 2,329,969 52,847 1,155,662 74,639 60,859 255,765 164,653 122,308 40,549 40,057 57,652 89,852 215,127
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, August 4, 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
Federal Reserve notes and collateral Wednesday
Aug 4, 2010
Federal Reserve notes outstanding 1,132,337
    Less: Notes held by F.R. Banks not subject to collateralization 226,562
        Federal Reserve notes to be collateralized 905,775
Collateral held against Federal Reserve notes 905,775
    Gold certificate account 11,037
    Special drawing rights certificate account 5,200
    U.S. Treasury, agency debt, and mortgage-backed securities pledged 1,2 889,538
    Other assets pledged 0
Memo:  
Total U.S. Treasury, agency debt, and mortgage-backed securities 1,2 2,054,134
    Less: Face value of securities under reverse repurchase agreements 59,351
        U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,994,783
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: August 5, 2010