FRB: H.4.1 Release--Factors Affecting Reserve Balances--January 20, 2011

For release at
4:30 P.M. EST
January 20, 2011

The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions
and Condition Statement of Federal Reserve Banks," reflects the closing of the American
International Group, Inc. (AIG) recapitalization plan, which occurred on January 14, 2011. The
recapitalization plan was designed to restructure and facilitate repayment of the financial support
provided to AIG by the U.S. Department of the Treasury (Treasury) and the Federal Reserve. Upon
closing of the recapitalization plan, the cash proceeds from certain asset dispositions, specifically the
initial public offering of AIA Group Limited (AIA) and the sale of American Life Insurance
Company (ALICO), were used first to repay in full the credit extended to AIG by the FRBNY
under the revolving credit facility (AIG loan), including accrued interest and fees, and then to
redeem a portion of the FRBNY's preferred interests in ALICO Holdings LLC taken earlier by the
FRBNY in satisfaction of a portion of the AIG loan. 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.

The weekly average values shown in table 1 reflect, as of January 14, 2011, the repayment by AIG of
the "Credit extended to American International Group, Inc., net" and the "Preferred interests in
AIA Aurora LLC and ALICO Holdings LLC," and the distribution of the "Funds from American
International Group, Inc. asset dispositions, held as agent."

The H.4.1 statistical release continues to show average amounts for "Credit extended to American
International Group, Inc., net," "Preferred interests in AIA Aurora LLC and ALICO Holdings
LLC," and "Funds from American International Group, Inc. asset dispositions, held as agent," even
though all funding commitments to AIG have been terminated, to provide a complete
disaggregation of changes in assets and liabilities from the corresponding week one year ago.

FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
January 20, 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 Jan 19, 2011
Federal Reserve Banks Jan 19, 2011 Jan 12, 2011 Jan 20, 2010

Reserve Bank credit 2,416,308 - 16,095 + 185,510 2,407,025
Securities held outright (1) 2,206,539 + 23,181 + 300,350 2,205,619
U.S. Treasury securities 1,071,619 + 26,894 + 295,010 1,079,578
Bills (2) 18,423 0 0 18,423
Notes and bonds, nominal (2) 997,322 + 27,031 + 288,625 1,004,739
Notes and bonds, inflation-indexed (2) 49,674 - 69 + 5,773 50,372
Inflation compensation (3) 6,201 - 68 + 613 6,044
Federal agency debt securities (2) 146,204 - 288 - 14,979 145,885
Mortgage-backed securities (4) 988,717 - 3,424 + 20,319 980,157
Repurchase agreements (5) 0 0 0 0
Term auction credit 0 0 - 38,531 0
Other loans 26,628 - 17,815 - 59,534 23,688
Primary credit 47 + 24 - 15,065 24
Secondary credit 2 + 2 - 971 0
Seasonal credit 10 0 + 10 10
Credit extended to American International
Group, Inc., net (6) 2,904 - 17,021 - 19,516 0
Term Asset-Backed Securities Loan Facility (7) 23,666 - 820 - 23,991 23,654
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper
Funding Facility LLC (8) 0 0 - 13,813 0
Net portfolio holdings of Maiden Lane LLC (9) 26,460 - 549 - 284 26,393
Net portfolio holdings of Maiden Lane II LLC (10) 15,946 + 3 + 540 15,951
Net portfolio holdings of Maiden Lane III LLC (11) 22,545 - 668 + 134 22,428
Net portfolio holdings of TALF LLC (12) 665 0 + 367 665
Preferred interests in AIA Aurora LLC and ALICO
Holdings LLC (6) 3,769 - 22,616 - 21,337 0
Float -1,803 - 108 + 181 -2,294
Central bank liquidity swaps (13) 70 0 - 1,180 70
Other Federal Reserve assets (14) 115,488 + 2,476 + 18,615 114,503
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 43,591 + 14 + 864 43,591

Total factors supplying reserve funds 2,476,140 - 16,081 + 186,374 2,466,857

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 Jan 19, 2011
Federal Reserve Banks Jan 19, 2011 Jan 12, 2011 Jan 20, 2010

Currency in circulation (15) 978,521 + 284 + 59,234 978,549
Reverse repurchase agreements (16) 53,787 + 233 - 10,250 52,932
Foreign official and international accounts 53,787 + 233 - 10,250 52,932
Others 0 0 0 0
Treasury cash holdings 195 + 13 - 59 203
Deposits with F.R. Banks, other than reserve balances 296,482 - 928 + 137,323 301,813
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, general account 58,958 - 30,149 - 84,950 94,123
U.S. Treasury, supplementary financing account 199,961 - 2 + 194,960 199,961
Foreign official 4,312 + 550 + 1,152 4,910
Service-related 2,362 - 16 - 399 2,362
Required clearing balances 2,362 - 16 - 399 2,362
Adjustments to compensate for float 0 0 0 0
Other 30,888 + 28,687 + 26,559 457
Funds from American International Group, Inc. asset
dispositions, held as agent (6) 3,842 - 23,054 + 3,842 0
Other liabilities and capital (17) 72,100 + 2,244 + 3,951 71,764

Total factors, other than reserve balances,
absorbing reserve funds 1,404,928 - 21,207 + 194,043 1,405,262

Reserve balances with Federal Reserve Banks 1,071,212 + 5,126 - 7,669 1,061,595

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 Jan 19, 2011
Memorandum item Jan 19, 2011 Jan 12, 2011 Jan 20, 2010

Marketable securities held in custody for foreign
official and international accounts (1) 3,343,203 - 7,270 + 397,397 3,347,599
U.S. Treasury securities 2,598,111 - 18,031 + 419,379 2,602,294
Federal agency securities (2) 745,092 + 10,761 - 21,982 745,305
Securities lent to dealers 15,023 + 2,297 + 8,806 18,208
Overnight facility (3) 15,023 + 2,297 + 8,806 18,208
U.S. Treasury securities 13,618 + 2,185 + 7,896 16,628
Federal agency debt securities 1,405 + 112 + 910 1,580

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, January 19, 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

Other loans (1) 34 0 0 23,654 0 ... 23,688
U.S. Treasury securities (2)
Holdings 14,716 21,676 55,715 456,353 368,756 162,362 1,079,578
Weekly changes - 2,735 + 4,508 + 1,461 + 3,745 + 9,648 + 890 + 17,517
Federal agency debt securities (3)
Holdings 1,261 16,164 26,962 70,180 28,971 2,347 145,885
Weekly changes - 446 + 2,428 - 1,683 + 881 - 1,626 0 - 446
Mortgage-backed securities (4)
Holdings 0 0 0 23 22 980,112 980,157
Weekly changes 0 0 0 - 1 0 - 11,983 - 11,984
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) 70 0 0 0 0 0 70

Reverse repurchase agreements (6) 52,932 0 ... ... ... ... 52,932
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 Jan 19, 2011

Mortgage-backed securities held outright (1) 980,157

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 Jan 19, 2011

Net portfolio holdings of Maiden Lane LLC (1) 26,393

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 24,585
Accrued interest payable to the Federal Reserve Bank of New York (2) 628
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,318

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
September 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 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 Jan 19, 2011

Net portfolio holdings of Maiden Lane II LLC (1) 15,951

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 12,777
Accrued interest payable to the Federal Reserve Bank of New York (2) 460
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,073

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
September 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 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 Jan 19, 2011

Net portfolio holdings of Maiden Lane III LLC (1) 22,428

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 12,668
Accrued interest payable to the Federal Reserve Bank of New York (2) 555
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,375

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 Jan 19, 2011

Asset-backed securities holdings (1) 0
Other investments, net 665
Net portfolio holdings of TALF LLC 665

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) 106

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 Jan 19, 2011 Wednesday Wednesday
Assets, liabilities, and capital Jan 12, 2011 Jan 20, 2010

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 2,246 + 32 + 96
Securities, repurchase agreements, term auction
credit, and other loans 2,229,308 - 15,185 + 194,118
Securities held outright (1) 2,205,619 + 5,086 + 295,904
U.S. Treasury securities 1,079,578 + 17,517 + 302,967
Bills (2) 18,423 0 0
Notes and bonds, nominal (2) 1,004,739 + 17,114 + 295,867
Notes and bonds, inflation-indexed (2) 50,372 + 629 + 6,595
Inflation compensation (3) 6,044 - 227 + 505
Federal agency debt securities (2) 145,885 - 446 - 16,318
Mortgage-backed securities (4) 980,157 - 11,984 + 9,256
Repurchase agreements (5) 0 0 0
Term auction credit 0 0 - 38,531
Other loans 23,688 - 20,271 - 63,256
Net portfolio holdings of Commercial Paper
Funding Facility LLC (6) 0 0 - 13,111
Net portfolio holdings of Maiden Lane LLC (7) 26,393 - 613 - 365
Net portfolio holdings of Maiden Lane II LLC (8) 15,951 + 5 + 536
Net portfolio holdings of Maiden Lane III LLC (9) 22,428 - 851 - 43
Net portfolio holdings of TALF LLC (10) 665 0 + 367
Preferred interests in AIA Aurora LLC and ALICO
Holdings LLC (11) 0 - 26,385 - 25,106
Items in process of collection (210) 465 + 44 - 202
Bank premises 2,222 + 2 - 21
Central bank liquidity swaps (12) 70 0 - 1,180
Other assets (13) 112,282 + 58 + 18,084

Total assets (210) 2,428,268 - 42,891 + 173,175

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 Jan 19, 2011 Wednesday Wednesday
Assets, liabilities, and capital Jan 12, 2011 Jan 20, 2010

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 937,404 + 442 + 58,082
Reverse repurchase agreements (14) 52,932 - 339 - 9,998
Deposits (0) 1,363,408 - 18,505 + 121,297
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 1,063,957 - 33,884 + 915
U.S. Treasury, general account 94,123 + 18,554 - 76,314
U.S. Treasury, supplementary financing account 199,961 - 2 + 194,960
Foreign official 4,910 + 1,162 + 1,695
Other (0) 457 - 4,336 + 42
Deferred availability cash items (210) 2,759 + 661 - 835
Other liabilities and accrued dividends (15) 18,701 - 25,161 + 3,553

Total liabilities (210) 2,375,205 - 42,901 + 172,099

Capital accounts
Capital paid in 26,531 + 5 + 882
Surplus 26,531 + 5 + 1,339
Other capital accounts 0 0 - 1,147

Total capital 53,063 + 10 + 1,076

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, January 19, 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 11,037 369 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 2,246 48 72 177 170 364 195 347 37 61 164 246 365
Securities, repurchase agreements,
term auction credit, and other
loans 2,229,308 55,829 923,665 51,508 74,937 251,201 208,715 166,276 56,813 30,194 75,672 92,615 241,883
Securities held outright (1) 2,205,619 55,817 900,009 51,508 74,937 251,196 208,712 166,274 56,813 30,194 75,662 92,615 241,882
U.S. Treasury securities 1,079,578 27,321 440,525 25,211 36,679 122,952 102,158 81,385 27,808 14,779 37,034 45,332 118,393
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) 1,061,155 26,854 433,007 24,781 36,053 120,854 100,415 79,997 27,333 14,527 36,402 44,558 116,373
Federal agency debt securities (2) 145,885 3,692 59,529 3,407 4,957 16,615 13,805 10,998 3,758 1,997 5,004 6,126 15,999
Mortgage-backed securities (4) 980,157 24,804 399,956 22,889 33,302 111,629 92,750 73,890 25,247 13,418 33,623 41,157 107,490
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 23,688 12 23,656 0 0 5 2 2 0 0 10 0 2
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) 26,393 0 26,393 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (8) 15,951 0 15,951 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (9) 22,428 0 22,428 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF LLC (10) 665 0 665 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 675 13 0 107 103 45 134 74 17 41 38 24 78
Bank premises 2,222 126 256 68 140 239 218 208 136 107 265 247 213
Central bank liquidity swaps (12) 70 3 20 8 5 19 4 2 1 2 1 1 5
Other assets (13) 112,282 3,175 42,636 4,892 4,882 17,145 9,751 7,088 2,483 1,933 3,169 3,990 11,137
Interdistrict settlement account 0 - 8,521 + 280,618 + 38,665 - 20,541 - 98,012 - 57,939 - 38,547 - 19,425 - 7,985 - 19,191 - 7,260 - 41,863

Total assets 2,428,477 51,237 1,318,563 96,039 60,398 172,259 163,118 136,758 40,536 24,646 60,566 90,797 213,561

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, January 19, 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 1,119,074 41,096 382,177 45,390 46,060 90,008 141,388 85,940 32,283 19,819 33,096 75,826 125,989
Less: Notes held by F.R. Banks 181,669 4,943 61,025 5,170 8,432 13,761 21,364 12,783 4,688 5,844 3,919 12,140 27,600
Federal Reserve notes, net 937,404 36,154 321,151 40,220 37,628 76,247 120,023 73,158 27,595 13,975 29,177 63,686 98,390
Reverse repurchase agreements (14) 52,932 1,340 21,599 1,236 1,798 6,028 5,009 3,990 1,363 725 1,816 2,223 5,805
Deposits 1,363,408 11,557 946,293 48,726 16,385 77,989 34,181 57,523 10,821 7,712 28,668 23,641 99,912
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 1,063,957 11,550 647,126 48,718 16,381 77,846 34,179 57,496 10,762 7,708 28,667 23,639 99,885
U.S. Treasury, general account 94,123 0 94,123 0 0 0 0 0 0 0 0 0 0
U.S. Treasury, supplementary
financing account 199,961 0 199,961 0 0 0 0 0 0 0 0 0 0
Foreign official 4,910 1 4,882 4 3 11 2 1 0 1 0 1 3
Other 457 5 201 3 1 133 0 26 58 3 1 1 24
Deferred availability cash items 2,969 115 0 449 329 161 208 218 109 438 161 153 628
Interest on Federal Reserve notes due
to U.S. Treasury (15) 2,895 54 1,742 67 90 318 162 111 37 32 45 65 171
Other liabilities and accrued
dividends (16) 15,807 186 12,411 192 233 636 494 412 181 125 185 256 495

Total liabilities 2,375,415 49,405 1,303,196 90,889 56,463 161,381 160,078 135,413 40,106 23,007 60,051 90,024 205,401

Capital
Capital paid in 26,531 916 7,683 2,575 1,968 5,439 1,520 673 215 819 257 387 4,080
Surplus 26,531 916 7,683 2,575 1,968 5,439 1,520 673 215 819 257 387 4,080
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 2,428,477 51,237 1,318,563 96,039 60,398 172,259 163,118 136,758 40,536 24,646 60,566 90,797 213,561

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, January 19, 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 Jan 19, 2011

Federal Reserve notes outstanding 1,119,074
Less: Notes held by F.R. Banks not subject to collateralization 181,669
Federal Reserve notes to be collateralized 937,404
Collateral held against Federal Reserve notes 937,404
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 921,167
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,205,619
Less: Face value of securities under reverse repurchase agreements 46,550
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,159,069

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.

Statistical releases