For release at 4:30 p.m. EDT April 29, 2010 The weekly average values, shown in table 1, reflect the March 31, 2010, quarterly updates to the fair value of the net portfolio holdings of Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC; the fair value adjustment of the Term Asset-Backed Securities Loan Facility, which is included in other Federal Reserve assets; and the loan restructuring adjustment, which is included in the reported value of the credit extended to American International Group, Inc. The amounts for the first six days of this reporting week are based on the values as of December 31, 2009, and the amounts for the last day of the reporting week are based on the values as of March 31, 2010. FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks April 29, 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 28, 2010 Federal Reserve Banks Apr 28, 2010 Apr 21, 2010 Apr 29, 2009 Reserve Bank credit 2,316,689 - 1,525 + 229,153 2,313,061 Securities held outright (1) 2,045,382 - 100 +1,068,571 2,042,037 U.S. Treasury securities 776,716 + 3 + 233,707 776,717 Bills (2) 18,423 0 0 18,423 Notes and bonds, nominal (2) 712,258 0 + 233,219 712,258 Notes and bonds, inflation-indexed (2) 40,891 0 - 85 40,891 Inflation compensation (3) 5,145 + 3 + 574 5,146 Federal agency debt securities (2) 168,903 0 + 102,829 168,903 Mortgage-backed securities (4) 1,099,763 - 102 + 732,035 1,096,416 Repurchase agreements (5) 0 0 0 0 Term auction credit 0 0 - 403,573 0 Other loans 78,077 - 759 - 26,461 78,370 Primary credit 5,990 - 237 - 38,798 5,509 Secondary credit 588 - 12 + 548 500 Seasonal credit 32 + 8 + 31 34 Primary dealer and other broker-dealer credit (6) 0 0 - 5,479 0 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 0 0 - 3,362 0 Credit extended to American International Group, Inc., net (7) 25,812 + 848 - 18,677 26,983 Term Asset-Backed Securities Loan Facility (8) 45,656 - 1,365 + 39,277 45,344 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (9) 6,562 - 1,250 - 216,358 4,893 Net portfolio holdings of Maiden Lane LLC (10) 27,667 + 138 + 1,183 28,224 Net portfolio holdings of Maiden Lane II LLC (11) 15,322 + 130 - 2,942 16,060 Net portfolio holdings of Maiden Lane III LLC (12) 22,267 + 230 - 5,165 23,590 Net portfolio holdings of TALF LLC (13) 439 + 30 + 439 439 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (14) 25,416 0 + 25,416 25,416 Float -1,771 + 148 + 470 -1,954 Central bank liquidity swaps (15) 0 0 - 250,215 0 Other Federal Reserve assets (16) 97,327 - 93 + 37,787 95,985 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 + 3,000 5,200 Treasury currency outstanding (17) 42,855 + 14 + 539 42,855 Total factors supplying reserve funds 2,375,785 - 1,511 + 232,691 2,372,157 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 28, 2010 Federal Reserve Banks Apr 28, 2010 Apr 21, 2010 Apr 29, 2009 Currency in circulation (17) 934,080 - 394 + 32,376 935,883 Reverse repurchase agreements (18) 52,677 - 1,414 - 13,519 54,102 Foreign official and international accounts 52,677 - 1,414 - 13,519 54,102 Dealers 0 0 0 0 Treasury cash holdings 216 - 16 - 109 202 Deposits with F.R. Banks, other than reserve balances 266,121 + 14,665 - 24,934 265,272 U.S. Treasury, general account 57,162 + 11,074 - 27,612 56,908 U.S. Treasury, supplementary financing account 199,959 - 2 + 30 199,959 Foreign official 5,470 + 3,166 + 3,836 5,393 Service-related 2,667 - 69 - 1,673 2,666 Required clearing balances 2,667 - 40 - 1,673 2,666 Adjustments to compensate for float 0 - 30 0 0 Other 864 + 496 + 486 346 Other liabilities and capital (19) 69,237 - 132 + 12,735 70,919 Total factors, other than reserve balances, absorbing reserve funds 1,322,332 + 12,710 + 6,550 1,326,378 Reserve balances with Federal Reserve Banks 1,053,454 - 14,220 + 226,142 1,045,779 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 28, 2010 Memorandum item Apr 28, 2010 Apr 21, 2010 Apr 29, 2009 Marketable securities held in custody for foreign official and international accounts (1) 3,061,096 + 4,872 + 410,490 3,066,013 U.S. Treasury securities 2,273,425 + 2,624 + 432,258 2,276,836 Federal agency securities (2) 787,671 + 2,248 - 21,768 789,178 Securities lent to dealers 5,927 - 22 - 32,748 4,781 Overnight facility (3) 5,927 - 22 - 198 4,781 U.S. Treasury securities 4,543 - 241 - 1,582 3,380 Federal agency debt securities 1,384 + 219 + 1,384 1,401 Term facility (4) 0 0 - 32,550 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 28, 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 0 0 ... ... ... ... 0 Other loans (1) 6,038 5 0 72,327 0 ... 78,370 U.S. Treasury securities (2) Holdings 14,889 19,182 48,503 331,703 217,541 144,898 776,717 Weekly changes - 2,504 + 2,504 0 0 + 1 + 1 + 3 Federal agency debt securities (3) Holdings 791 8,731 34,263 89,223 33,548 2,347 168,903 Weekly changes 0 0 + 3,342 - 3,342 0 0 0 Mortgage-backed securities (4) Holdings 0 0 0 33 20 1,096,363 1,096,416 Weekly changes 0 0 0 0 0 - 5,512 - 5,513 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 Reverse repurchase agreements (7) 54,102 0 ... ... ... ... 54,102 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 28, 2010 Mortgage-backed securities held outright (1) 1,096,416 Commitments to buy mortgage-backed securities (2) 64,963 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 656 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 28, 2010 Net portfolio holdings of Maiden Lane LLC (1) 28,224 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) 474 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,269 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 March 31, 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 Wednesday Account name Apr 28, 2010 Net portfolio holdings of Maiden Lane II LLC (1) 16,060 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) 327 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,047 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 March 31, 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 Wednesday Account name Apr 28, 2010 Net portfolio holdings of Maiden Lane III LLC (1) 23,590 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) 411 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,248 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 March 31, 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 Wednesday Account name Apr 28, 2010 Commercial paper holdings, net (1) 0 Other investments, net 4,893 Net portfolio holdings of Commercial Paper Funding Facility LLC 4,893 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 Wednesday Account name Apr 28, 2010 Asset-backed securities holdings (1) 0 Other investments, net 439 Net portfolio holdings of TALF LLC 439 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) 104 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 28, 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) 97 Preferred interests in AIA Aurora LLC (1) 16,266 Accrued dividends on preferred interests in AIA Aurora LLC (2) 62 Preferred interests in ALICO Holdings LLC (1) 9,150 Accrued dividends on preferred interests in ALICO Holdings LLC (2) 35 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 28, 2010 Wednesday Wednesday Assets, liabilities, and capital Apr 21, 2010 Apr 29, 2009 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 + 3,000 Coin 2,114 + 19 + 235 Securities, repurchase agreements, term auction credit, and other loans 2,120,407 - 5,564 + 631,945 Securities held outright (1) 2,042,037 - 5,510 +1,058,679 U.S. Treasury securities 776,717 + 3 + 227,671 Bills (2) 18,423 0 0 Notes and bonds, nominal (2) 712,258 0 + 227,201 Notes and bonds, inflation-indexed (2) 40,891 0 - 85 Inflation compensation (3) 5,146 + 3 + 556 Federal agency debt securities (2) 168,903 0 + 100,745 Mortgage-backed securities (4) 1,096,416 - 5,513 + 730,263 Repurchase agreements (5) 0 0 0 Term auction credit 0 0 - 403,573 Other loans 78,370 - 54 - 23,161 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 4,893 - 2,928 - 176,902 Net portfolio holdings of Maiden Lane LLC (7) 28,224 + 650 + 1,722 Net portfolio holdings of Maiden Lane II LLC (8) 16,060 + 861 - 2,268 Net portfolio holdings of Maiden Lane III LLC (9) 23,590 + 1,544 - 3,859 Net portfolio holdings of TALF LLC (10) 439 0 + 439 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (11) 25,416 0 + 25,416 Items in process of collection (45) 197 - 3 - 507 Bank premises 2,238 - 1 + 34 Central bank liquidity swaps (12) 0 0 - 249,513 Other assets (13) 94,106 - 1,671 + 36,031 Total assets (45) 2,333,922 - 7,093 + 265,773 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 28, 2010 Wednesday Wednesday Assets, liabilities, and capital Apr 21, 2010 Apr 29, 2009 Liabilities Federal Reserve notes, net of F.R. Bank holdings 895,339 + 579 + 32,253 Reverse repurchase agreements (14) 54,102 + 2,024 - 13,182 Deposits (0) 1,311,410 - 12,212 + 233,267 Depository institutions 1,048,805 - 10,489 + 235,875 U.S. Treasury, general account 56,908 - 4,838 - 5,902 U.S. Treasury, supplementary financing account 199,959 - 2 + 30 Foreign official 5,393 + 3,160 + 3,426 Other (0) 346 - 43 - 160 Deferred availability cash items (45) 2,151 - 160 - 898 Other liabilities and accrued dividends (15) 15,425 + 1,041 + 5,716 Total liabilities (45) 2,278,428 - 8,726 + 257,158 Capital accounts Capital paid in 26,234 + 6 + 3,251 Surplus 25,589 0 + 4,399 Other capital accounts 3,670 + 1,626 + 964 Total capital 55,493 + 1,633 + 8,614 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 28, 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 11,037 369 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 2,114 76 82 168 153 311 192 332 27 69 149 205 351 Securities, repurchase agreements, term auction credit, and other loans 2,120,407 51,685 911,486 47,701 69,380 232,582 193,247 153,964 52,625 27,977 70,052 85,748 223,959 Securities held outright (1) 2,042,037 51,677 833,259 47,687 69,380 232,566 193,233 153,942 52,599 27,955 70,050 85,746 223,942 U.S. Treasury securities 776,717 19,656 316,942 18,139 26,390 88,460 73,499 58,554 20,007 10,633 26,645 32,615 85,180 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) 758,295 19,190 309,424 17,708 25,764 86,362 71,756 57,165 19,532 10,381 26,013 31,841 83,159 Federal agency debt securities (2) 168,903 4,274 68,921 3,944 5,739 19,236 15,983 12,733 4,351 2,312 5,794 7,092 18,523 Mortgage-backed securities (4) 1,096,416 27,747 447,396 25,604 37,252 124,870 103,751 82,655 28,242 15,010 37,612 46,039 120,240 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 78,370 8 78,227 14 0 16 14 23 26 22 2 2 17 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 4,893 0 4,893 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 28,224 0 28,224 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (8) 16,060 0 16,060 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (9) 23,590 0 23,590 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF LLC (10) 439 0 439 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 242 9 2 15 47 6 32 17 4 36 11 32 31 Bank premises 2,238 122 261 70 143 237 220 209 136 109 266 251 212 Central bank liquidity swaps (12) 0 0 0 0 0 0 0 0 0 0 0 0 0 Other assets (13) 94,106 2,674 35,732 4,283 4,165 14,663 8,058 5,787 2,040 1,647 2,588 3,267 9,203 Interdistrict settlement account 0 - 1,483 + 102,120 + 17,519 - 17,614 + 58,290 - 51,270 - 40,263 - 16,262 + 21,742 - 22,145 - 14,882 - 35,752 Total assets 2,333,967 53,647 1,154,161 70,370 56,974 307,347 152,518 121,357 39,044 51,874 51,371 75,555 199,748 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 28, 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 1,075,160 34,726 389,594 38,434 44,255 83,930 136,631 86,515 32,158 20,090 29,074 65,697 114,057 Less: Notes held by F.R. Banks 179,821 4,074 57,340 5,932 8,981 11,784 31,307 11,534 4,588 2,935 3,609 12,690 25,046 Federal Reserve notes, net 895,339 30,652 332,255 32,501 35,273 72,146 105,324 74,981 27,569 17,155 25,465 53,008 89,011 Reverse repurchase agreements (14) 54,102 1,369 22,077 1,263 1,838 6,162 5,120 4,079 1,394 741 1,856 2,272 5,933 Deposits 1,311,410 19,450 771,663 30,562 15,176 215,515 38,077 40,317 9,314 31,996 23,272 18,982 97,086 Depository institutions 1,048,805 19,445 509,232 30,557 15,172 215,389 38,075 40,307 9,300 31,995 23,270 18,982 97,081 U.S. Treasury, general account 56,908 0 56,908 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 199,959 0 199,959 0 0 0 0 0 0 0 0 0 0 Foreign official 5,393 1 5,365 4 3 11 2 1 0 1 0 1 3 Other 346 4 198 0 1 115 0 9 14 0 1 0 3 Deferred availability cash items 2,196 70 0 186 550 103 115 141 47 382 83 109 410 Other liabilities and accrued dividends (15) 15,425 228 10,931 275 308 908 644 512 213 158 228 314 706 Total liabilities 2,278,473 51,769 1,136,924 64,788 53,145 294,834 149,279 120,029 38,537 50,431 50,904 74,685 193,147 Capital Capital paid in 26,234 913 7,562 2,938 1,902 5,344 1,560 621 239 718 213 411 3,815 Surplus 25,589 945 7,546 2,645 1,910 7,140 1,581 620 240 712 210 353 1,687 Other capital 3,670 20 2,128 0 16 29 98 88 28 13 45 106 1,099 Total liabilities and capital 2,333,967 53,647 1,154,161 70,370 56,974 307,347 152,518 121,357 39,044 51,874 51,371 75,555 199,748 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 28, 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 28, 2010 Federal Reserve notes outstanding 1,075,160 Less: Notes held by F.R. Banks not subject to collateralization 179,821 Federal Reserve notes to be collateralized 895,339 Collateral held against Federal Reserve notes 895,339 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 879,102 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,042,037 Less: Face value of securities under reverse repurchase agreements 53,718 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,988,319 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.