FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks April 8, 2010 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 Apr 7, 2010 Federal Reserve Banks Apr 7, 2010 Mar 31, 2010 Apr 8, 2009 Reserve Bank credit 2,289,801 - 602 + 217,745 2,289,848 Securities held outright (1) 2,014,407 + 119 +1,217,490 2,014,432 U.S. Treasury securities 776,707 + 16 + 271,189 776,708 Bills (2) 18,423 0 0 18,423 Notes and bonds, nominal (2) 708,872 0 + 265,262 708,872 Notes and bonds, inflation-indexed (2) 43,777 0 + 4,399 43,777 Inflation compensation (3) 5,635 + 16 + 1,527 5,636 Federal agency debt securities (2) 168,988 0 + 114,227 168,988 Mortgage-backed securities (4) 1,068,713 + 104 + 832,075 1,068,736 Repurchase agreements (5) 0 0 0 0 Term auction credit 3,410 0 - 463,867 3,410 Other loans 80,414 - 1,400 - 41,614 80,316 Primary credit 7,205 - 459 - 41,954 7,155 Secondary credit 600 0 + 536 600 Seasonal credit 11 + 7 + 8 15 Primary dealer and other broker-dealer credit (6) 0 0 - 17,600 0 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 0 0 - 4,938 0 Credit extended to American International Group, Inc., net (7) 25,412 - 810 - 20,159 25,388 Term Asset-Backed Securities Loan Facility (8) 47,186 - 138 + 42,494 47,159 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (9) 7,789 + 10 - 242,808 7,797 Net portfolio holdings of Maiden Lane LLC (10) 27,371 + 48 + 1,027 27,417 Net portfolio holdings of Maiden Lane II LLC (11) 15,344 - 8 - 3,047 15,191 Net portfolio holdings of Maiden Lane III LLC (12) 22,067 - 76 - 5,409 21,913 Net portfolio holdings of TALF LLC (13) 404 0 + 404 404 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (14) 25,416 + 266 + 25,416 25,416 Float -2,088 - 388 + 195 -2,246 Central bank liquidity swaps (15) 0 0 - 312,839 0 Other Federal Reserve assets (16) 95,267 + 827 + 42,798 95,799 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 + 3,000 5,200 Treasury currency outstanding (17) 42,853 + 14 + 544 42,853 Total factors supplying reserve funds 2,348,895 - 588 + 221,289 2,348,943 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 Apr 7, 2010 Federal Reserve Banks Apr 7, 2010 Mar 31, 2010 Apr 8, 2009 Currency in circulation (17) 935,425 + 2,639 + 30,791 936,882 Reverse repurchase agreements (18) 55,385 - 1,214 - 10,672 56,091 Foreign official and international accounts 55,385 - 1,214 - 10,672 56,091 Dealers 0 0 0 0 Treasury cash holdings 220 - 4 - 96 204 Deposits with F.R. Banks, other than reserve balances 181,375 + 12,477 - 78,914 178,564 U.S. Treasury, general account 19,091 - 16,805 - 16,890 20,439 U.S. Treasury, supplementary financing account 149,973 + 24,994 - 49,955 149,973 Foreign official 3,027 + 771 + 1,892 5,075 Service-related 2,716 + 29 - 1,711 2,716 Required clearing balances 2,716 + 29 - 1,711 2,716 Adjustments to compensate for float 0 0 0 0 Other 6,568 + 3,488 - 12,250 360 Other liabilities and capital (19) 65,734 - 214 + 10,505 65,964 Total factors, other than reserve balances, absorbing reserve funds 1,238,140 + 13,685 - 48,384 1,237,705 Reserve balances with Federal Reserve Banks 1,110,755 - 14,273 + 269,673 1,111,238 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. 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, 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. 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 Averages of daily figures Wednesday Week ended Change from week ended Apr 7, 2010 Memorandum item Apr 7, 2010 Mar 31, 2010 Apr 8, 2009 Marketable securities held in custody for foreign official and international accounts (1) 3,024,539 + 4,789 + 403,178 3,031,096 U.S. Treasury securities 2,244,688 + 4,122 + 432,643 2,251,792 Federal agency securities (2) 779,851 + 666 - 29,465 779,304 Securities lent to dealers 5,876 - 1,248 - 59,683 8,145 Overnight facility (3) 5,876 - 1,248 + 753 8,145 U.S. Treasury securities 4,580 - 1,189 - 543 6,774 Federal agency debt securities 1,295 - 60 + 1,295 1,371 Term facility (4) 0 0 - 60,436 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, April 7, 2010 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 Term auction credit 3,410 0 ... ... ... ... 3,410 Other loans (1) 7,755 15 0 72,547 0 ... 80,316 U.S. Treasury securities (2) Holdings 22,007 18,044 45,336 331,963 215,415 143,943 776,708 Weekly changes + 3,867 - 650 - 3,216 + 1 + 1 + 1 + 3 Federal agency debt securities (3) Holdings 85 4,141 32,267 95,618 34,530 2,347 168,988 Weekly changes 0 0 0 0 0 0 0 Mortgage-backed securities (4) Holdings 0 0 0 34 21 1,068,682 1,068,736 Weekly changes 0 0 0 + 1 0 + 39 + 39 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) 56,091 0 ... ... ... ... 56,091 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 Wednesday Account name Apr 7, 2010 Mortgage-backed securities held outright (1) 1,068,736 Commitments to buy mortgage-backed securities (2) 110,701 Commitments to sell mortgage-backed securities (2) 7,000 Cash and cash equivalents (3) 29 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 Wednesday Account name Apr 7, 2010 Net portfolio holdings of Maiden Lane LLC (1) 27,417 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) 462 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,265 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 Wednesday Account name Apr 7, 2010 Net portfolio holdings of Maiden Lane II LLC (1) 15,191 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 14,756 Accrued interest payable to the Federal Reserve Bank of New York (2) 317 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,046 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 Wednesday Account name Apr 7, 2010 Net portfolio holdings of Maiden Lane III LLC (1) 21,913 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 16,583 Accrued interest payable to the Federal Reserve Bank of New York (2) 399 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,238 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 Wednesday Account name Apr 7, 2010 Commercial paper holdings, net (1) 2,927 Other investments, net 4,870 Net portfolio holdings of Commercial Paper Funding Facility LLC 7,797 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 Wednesday Account name Apr 7, 2010 Asset-backed securities holdings (1) 0 Other investments, net 404 Net portfolio holdings of TALF LLC 404 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 Wednesday Account name Apr 7, 2010 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (1) 25,416 Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC (2) 24 Preferred interests in AIA Aurora LLC (1) 16,266 Accrued dividends on preferred interests in AIA Aurora LLC (2) 16 Preferred interests in ALICO Holdings LLC (1) 9,150 Accrued dividends on preferred interests in ALICO Holdings LLC (2) 9 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 Eliminations from Wednesday Change since consolidation Apr 7, 2010 Wednesday Wednesday Assets, liabilities, and capital Mar 31, 2010 Apr 8, 2009 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 + 3,000 Coin 2,067 - 16 + 232 Securities, repurchase agreements, term auction credit, and other loans 2,098,158 - 353 + 714,297 Securities held outright (1) 2,014,432 + 42 +1,213,079 U.S. Treasury securities 776,708 + 3 + 268,294 Bills (2) 18,423 0 0 Notes and bonds, nominal (2) 708,872 0 + 262,384 Notes and bonds, inflation-indexed (2) 43,777 0 + 4,399 Inflation compensation (3) 5,636 + 3 + 1,509 Federal agency debt securities (2) 168,988 0 + 112,700 Mortgage-backed securities (4) 1,068,736 + 39 + 832,085 Repurchase agreements (5) 0 0 0 Term auction credit 3,410 0 - 463,867 Other loans 80,316 - 395 - 34,914 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 7,797 + 11 - 243,429 Net portfolio holdings of Maiden Lane LLC (7) 27,417 + 53 + 1,019 Net portfolio holdings of Maiden Lane II LLC (8) 15,191 - 214 - 3,036 Net portfolio holdings of Maiden Lane III LLC (9) 21,913 - 237 - 5,437 Net portfolio holdings of TALF LLC (10) 404 0 + 404 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (11) 25,416 0 + 25,416 Items in process of collection (62) 220 - 276 - 632 Bank premises 2,237 - 4 + 52 Central bank liquidity swaps (12) 0 0 - 313,396 Other assets (13) 93,896 + 1,457 + 42,457 Total assets (62) 2,310,953 + 420 + 220,947 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 Eliminations from Wednesday Change since consolidation Apr 7, 2010 Wednesday Wednesday Assets, liabilities, and capital Mar 31, 2010 Apr 8, 2009 Liabilities Federal Reserve notes, net of F.R. Bank holdings 896,295 + 2,149 + 30,220 Reverse repurchase agreements (14) 56,091 - 1,675 - 10,881 Deposits (0) 1,290,136 - 1,369 + 192,031 Depository institutions 1,114,288 + 60,412 + 272,699 U.S. Treasury, general account 20,439 - 71,080 - 3,245 U.S. Treasury, supplementary financing account 149,973 + 24,994 - 49,955 Foreign official 5,075 + 3,407 + 3,458 Other (0) 360 - 19,103 - 30,927 Deferred availability cash items (62) 2,466 + 344 - 1,166 Other liabilities and accrued dividends (15) 12,929 + 174 + 3,520 Total liabilities (62) 2,257,917 - 377 + 213,724 Capital accounts Capital paid in 26,258 + 3 + 3,663 Surplus 25,339 + 494 + 4,174 Other capital accounts 1,438 + 300 - 615 Total capital 53,035 + 796 + 7,223 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, April 7, 2010 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 11,037 412 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 2,067 74 78 164 151 309 187 328 26 66 143 200 339 Securities, repurchase agreements, term auction credit, and other loans 2,098,158 38,659 869,434 31,311 79,660 72,754 242,855 218,299 78,946 33,362 90,935 97,401 244,543 Securities held outright (1) 2,014,432 38,643 787,392 31,252 79,586 72,594 242,711 217,983 78,918 33,350 90,930 97,401 243,672 U.S. Treasury securities 776,708 14,900 303,596 12,050 30,686 27,990 93,583 84,048 30,428 12,859 35,060 37,555 93,953 Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228 Notes and bonds (3) 758,285 14,546 296,395 11,764 29,958 27,326 91,363 82,055 29,707 12,554 34,228 36,664 91,725 Federal agency debt securities (2) 168,988 3,242 66,053 2,622 6,676 6,090 20,361 18,286 6,620 2,798 7,628 8,171 20,441 Mortgage-backed securities (4) 1,068,736 20,502 417,743 16,580 42,224 38,514 128,768 115,649 41,869 17,693 48,242 51,675 129,278 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Term auction credit 3,410 0 1,845 20 74 160 125 294 28 5 5 0 854 Other loans 80,316 16 80,197 39 0 0 19 21 1 7 0 0 17 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 7,797 0 7,797 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 27,417 0 27,417 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (8) 15,191 0 15,191 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (9) 21,913 0 21,913 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF LLC (10) 404 0 404 0 0 0 0 0 0 0 0 0 0 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (11) 25,416 0 25,416 0 0 0 0 0 0 0 0 0 0 Items in process of collection 282 17 -96 23 178 12 21 17 6 25 17 28 34 Bank premises 2,237 122 260 70 143 238 220 209 136 109 266 251 212 Central bank liquidity swaps (12) 0 0 0 0 0 0 0 0 0 0 0 0 0 Other assets (13) 93,896 2,254 34,426 3,795 4,540 9,415 9,791 7,983 2,936 1,843 3,307 3,679 9,926 Interdistrict settlement account 0 + 8,341 + 76,704 + 41,779 - 24,670 + 244,725 - 96,272 - 105,006 - 39,606 - 1,343 - 38,126 - 26,126 - 40,400 Total assets 2,311,014 50,075 1,084,657 77,803 60,707 328,746 158,813 123,165 42,923 34,350 57,030 76,336 216,410 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, April 7, 2010 (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 1,077,263 34,978 390,192 38,338 44,528 84,197 136,796 86,704 32,364 20,120 28,410 65,767 114,867 Less: Notes held by F.R. Banks 180,968 4,183 60,341 5,739 8,302 10,424 32,679 11,482 4,242 2,849 3,529 12,675 24,523 Federal Reserve notes, net 896,295 30,795 329,850 32,600 36,227 73,773 104,117 75,222 28,122 17,271 24,880 53,092 90,345 Reverse repurchase agreements (14) 56,091 1,076 21,925 870 2,216 2,021 6,758 6,070 2,197 929 2,532 2,712 6,785 Deposits 1,290,136 16,068 708,703 38,340 17,511 240,034 43,779 39,716 11,770 14,202 28,793 19,236 111,984 Depository institutions 1,114,288 16,038 533,062 38,336 17,508 239,882 43,776 39,710 11,768 14,201 28,791 19,236 111,981 U.S. Treasury, general account 20,439 0 20,439 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 149,973 0 149,973 0 0 0 0 0 0 0 0 0 0 Foreign official 5,075 1 5,047 4 3 11 2 1 0 1 0 1 3 Other 360 28 182 0 0 141 0 6 2 0 1 0 0 Deferred availability cash items 2,528 76 0 218 615 102 169 163 62 356 111 120 534 Other liabilities and accrued dividends (15) 12,929 183 8,978 217 288 526 637 553 237 151 233 293 632 Total liabilities 2,257,979 48,198 1,069,457 72,246 56,857 316,457 155,461 121,725 42,390 32,908 56,549 75,453 210,279 Capital Capital paid in 26,258 914 7,563 2,951 1,898 5,343 1,595 645 238 713 209 409 3,781 Surplus 25,339 945 7,530 2,606 1,910 6,946 1,581 620 240 712 210 353 1,687 Other capital 1,438 18 107 0 42 0 176 175 56 18 62 122 663 Total liabilities and capital 2,311,014 50,075 1,084,657 77,803 60,707 328,746 158,813 123,165 42,923 34,350 57,030 76,336 216,410 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, April 7, 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 Wednesday Federal Reserve notes and collateral Apr 7, 2010 Federal Reserve notes outstanding 1,077,263 Less: Notes held by F.R. Banks not subject to collateralization 180,968 Federal Reserve notes to be collateralized 896,295 Collateral held against Federal Reserve notes 896,295 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 880,058 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,014,432 Less: Face value of securities under reverse repurchase agreements 55,790 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,958,642 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.