For release at 4:30 P.M. EDT July 29, 2010 The weekly average values, shown in table 1, reflect the June 30, 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 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 March 31, 2010, and the amounts for the last day of the reporting week are based on the values as of June 30, 2010. FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks July 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 Jul 28, 2010 Federal Reserve Banks Jul 28, 2010 Jul 21, 2010 Jul 29, 2009 Reserve Bank credit 2,312,369 - 3,357 + 302,290 2,308,212 Securities held outright (1) 2,058,231 - 3,003 + 714,340 2,053,876 U.S. Treasury securities 777,018 + 8 + 81,700 777,021 Bills (2) 18,423 0 0 18,423 Notes and bonds, nominal (2) 712,020 0 + 84,874 712,020 Notes and bonds, inflation-indexed (2) 41,129 0 - 3,309 41,129 Inflation compensation (3) 5,447 + 8 + 136 5,450 Federal agency debt securities (2) 159,381 - 390 + 55,315 159,381 Mortgage-backed securities (4) 1,121,831 - 2,622 + 577,324 1,117,474 Repurchase agreements (5) 0 0 0 0 Term auction credit 0 0 - 237,629 0 Other loans 64,839 - 1,066 - 43,692 64,172 Primary credit 11 - 14 - 33,792 26 Secondary credit 1 0 - 104 0 Seasonal credit 77 - 2 - 11 80 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 0 0 - 1,073 0 Credit extended to American International Group, Inc., net (6) 23,775 - 379 - 19,279 23,449 Term Asset-Backed Securities Loan Facility (7) 40,975 - 671 + 10,567 40,617 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (8) 1 0 - 94,413 1 Net portfolio holdings of Maiden Lane LLC (9) 28,691 + 153 + 2,662 29,417 Net portfolio holdings of Maiden Lane II LLC (10) 15,644 + 94 - 28 16,170 Net portfolio holdings of Maiden Lane III LLC (11) 23,060 + 91 + 3,894 23,540 Net portfolio holdings of TALF LLC (12) 540 + 29 + 540 540 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (13) 25,733 0 + 25,733 25,733 Float -1,588 + 83 + 190 -1,757 Central bank liquidity swaps (14) 1,246 0 - 86,492 1,246 Other Federal Reserve assets (15) 95,972 + 261 + 17,185 95,274 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 + 3,000 5,200 Treasury currency outstanding (16) 43,224 + 14 + 747 43,224 Total factors supplying reserve funds 2,371,834 - 3,343 + 306,037 2,367,677 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 Jul 28, 2010 Federal Reserve Banks Jul 28, 2010 Jul 21, 2010 Jul 29, 2009 Currency in circulation (16) 942,257 - 732 + 33,606 944,273 Reverse repurchase agreements (17) 60,913 - 2,455 - 5,293 60,641 Foreign official and international accounts 60,913 - 2,455 - 5,293 60,641 Dealers 0 0 0 0 Treasury cash holdings 226 - 17 - 106 212 Deposits with F.R. Banks, other than reserve balances 250,443 - 9,182 - 18,465 240,723 Term deposits held by depository institutions 4,241 0 + 4,241 4,241 U.S. Treasury, general account 41,603 - 9,704 - 19,803 30,415 U.S. Treasury, supplementary financing account 199,961 - 1 + 25 199,961 Foreign official 1,779 + 522 - 253 3,223 Service-related 2,468 - 1 - 2,681 2,468 Required clearing balances 2,468 - 1 - 2,681 2,468 Adjustments to compensate for float 0 0 0 0 Other 391 + 2 + 5 416 Other liabilities and capital (18) 72,801 + 82 + 15,756 73,436 Total factors, other than reserve balances, absorbing reserve funds 1,326,640 - 12,304 + 25,498 1,319,285 Reserve balances with Federal Reserve Banks 1,045,194 + 8,961 + 280,540 1,048,392 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements. 6. Includes outstanding principal and capitalized interest net of unamortized deferred commitment fees and allowance for loan restructuring. Excludes credit extended to consolidated LLCs. 7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 8. Refer to table 7 and the note on consolidation accompanying table 11. 9. Refer to table 4 and the note on consolidation accompanying table 11. 10. Refer to table 5 and the note on consolidation accompanying table 11. 11. Refer to table 6 and the note on consolidation accompanying table 11. 12. Refer to table 8 and the note on consolidation accompanying table 11. 13. Refer to table 9. 14. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 15. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 16. Estimated. 17. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt securities. 18. Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 8 and the note on consolidation accompanying table 11. Sources: Federal Reserve Banks and the U.S. Department of the Treasury. 1A. Memorandum Items Millions of dollars Averages of daily figures Wednesday Week ended Change from week ended Jul 28, 2010 Memorandum item Jul 28, 2010 Jul 21, 2010 Jul 29, 2009 Marketable securities held in custody for foreign official and international accounts (1) 3,145,705 + 13,928 + 352,542 3,150,709 U.S. Treasury securities 2,315,846 + 12,339 + 314,673 2,319,109 Federal agency securities (2) 829,859 + 1,588 + 37,869 831,600 Securities lent to dealers 4,005 - 451 - 6,914 6,010 Overnight facility (3) 4,005 - 451 - 4,214 6,010 U.S. Treasury securities 2,940 - 360 - 5,098 4,899 Federal agency debt securities 1,065 - 91 + 884 1,111 Term facility (4) 0 0 - 2,700 0 Note: Components may not sum to totals because of rounding. 1. Face value of the securities. Includes U.S. Treasury STRIPS, other zero-coupon bonds, and mortgage-backed securities at face value. 2. Includes debt and mortgage-backed securities. 3. Fully collateralized by U.S. Treasury securities. 4. U.S. Treasury securities only. Fully collateralized by U.S. Treasury securities, federal agency securities, and other highly rated debt securities. 2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, July 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 Other loans (1) 99 7 0 64,065 0 ... 64,172 U.S. Treasury securities (2) Holdings 19,420 14,082 52,372 332,301 214,996 143,852 777,021 Weekly changes + 3,867 - 3,867 + 1 + 2 + 2 + 4 + 8 Federal agency debt securities (3) Holdings 811 8,889 37,246 77,342 32,746 2,347 159,381 Weekly changes + 811 + 1,438 - 648 - 1,601 0 0 0 Mortgage-backed securities (4) Holdings 0 0 0 30 20 1,117,424 1,117,474 Weekly changes 0 0 0 - 1 0 - 7,115 - 7,116 Commercial paper held by Commercial Paper Funding Facility LLC (5) 0 0 0 ... ... ... 0 Asset-backed securities held by TALF LLC (6) 0 0 0 0 0 0 0 Repurchase agreements (7) 0 0 ... ... ... ... 0 Central bank liquidity swaps (8) 1,242 4 0 0 0 0 1,246 Reverse repurchase agreements (7) 60,641 0 ... ... ... ... 60,641 Term deposits 2,122 2,119 0 ... ... ... 4,241 Note: Components may not sum to totals because of rounding. . . . Not applicable. 1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation under generally accepted accounting principles. 2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the original face value of such securities. 3. Face value. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Face value of commercial paper held by Commercial Paper Funding Facility LLC. 6. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets. 7. Cash value of agreements. 8. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 3. Supplemental Information on Mortgage-Backed Securities Purchase Program Millions of dollars Wednesday Account name Jul 28, 2010 Mortgage-backed securities held outright (1) 1,117,474 Commitments to buy mortgage-backed securities (2) 2,802 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 458 1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls, and coupon swaps. 3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 10 and table 11. 4. Information on Principal Accounts of Maiden Lane LLC Millions of dollars Wednesday Account name Jul 28, 2010 Net portfolio holdings of Maiden Lane LLC (1) 29,417 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 28,790 Accrued interest payable to the Federal Reserve Bank of New York (2) 529 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,286 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 10 and table 11. Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY. 5. Information on Principal Accounts of Maiden Lane II LLC Millions of dollars Wednesday Account name Jul 28, 2010 Net portfolio holdings of Maiden Lane II LLC (1) 16,170 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 14,089 Accrued interest payable to the Federal Reserve Bank of New York (2) 376 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,056 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11. 3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 10 and table 11. Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries. 6. Information on Principal Accounts of Maiden Lane III LLC Millions of dollars Wednesday Account name Jul 28, 2010 Net portfolio holdings of Maiden Lane III LLC (1) 23,540 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 15,469 Accrued interest payable to the Federal Reserve Bank of New York (2) 465 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,291 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 10 and table 11. Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG. 7. Information on Principal Accounts of Commercial Paper Funding Facility LLC Millions of dollars Wednesday Account name Jul 28, 2010 Commercial paper holdings, net (1) 0 Other investments, net 1 Net portfolio holdings of Commercial Paper Funding Facility LLC 1 Memorandum: Commercial paper holdings, face value 0 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0 Accrued interest payable to the Federal Reserve Bank of New York (2) 0 1. Book value, which includes amortized cost and related fees. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11. Note: On October 27, 2008, the Federal Reserve Bank of New York began extending loans under the authority of section 13(3) of the Federal Reserve Act to Commercial Paper Funding Facility LLC. This LLC is a limited liability company formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers and thereby foster liquidity in short-term funding markets and increase the availability of credit for businesses and households. 8. Information on Principal Accounts of TALF LLC Millions of dollars Wednesday Account name Jul 28, 2010 Asset-backed securities holdings (1) 0 Other investments, net 540 Net portfolio holdings of TALF LLC 540 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0 Accrued interest payable to the Federal Reserve Bank of New York (2) 0 Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3) 105 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 10 and table 11. Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF) under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New York (FRBNY) extends loans with a term of up to five years to holders of eligible asset-backed securities. The TALF is intended to assist financial markets in accommodating the credit needs of consumers and businesses by facilitating the issuance of asset-backed securities collateralized by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The loans are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial risk of a decline in the value of the security. TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF LLC, by the interest received on investments of TALF LLC, by up to $4.3 billion in subordinated debt funding provided by the U.S. Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S. Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the U.S. Treasury. 9. Supplemental Information on the Federal Reserve Bank of New York's Preferred Interests in AIA Aurora LLC and ALICO Holdings LLC Millions of dollars Wednesday Account name Jul 28, 2010 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (1) 25,733 Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC (2) 99 Preferred interests in AIA Aurora LLC (1) 16,469 Accrued dividends on preferred interests in AIA Aurora LLC (2) 63 Preferred interests in ALICO Holdings LLC (1) 9,264 Accrued dividends on preferred interests in ALICO Holdings LLC (2) 36 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 Jul 28, 2010 Wednesday Wednesday Assets, liabilities, and capital Jul 21, 2010 Jul 29, 2009 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 + 3,000 Coin 2,078 + 45 + 183 Securities, repurchase agreements, term auction credit, and other loans 2,118,048 - 8,487 + 425,978 Securities held outright (1) 2,053,876 - 7,108 + 709,315 U.S. Treasury securities 777,021 + 8 + 81,263 Bills (2) 18,423 0 0 Notes and bonds, nominal (2) 712,020 0 + 84,445 Notes and bonds, inflation-indexed (2) 41,129 0 - 3,309 Inflation compensation (3) 5,450 + 8 + 127 Federal agency debt securities (2) 159,381 0 + 53,466 Mortgage-backed securities (4) 1,117,474 - 7,116 + 574,586 Repurchase agreements (5) 0 0 0 Term auction credit 0 0 - 237,621 Other loans 64,172 - 1,379 - 45,716 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 1 0 - 67,299 Net portfolio holdings of Maiden Lane LLC (7) 29,417 + 847 + 3,547 Net portfolio holdings of Maiden Lane II LLC (8) 16,170 + 614 + 1,026 Net portfolio holdings of Maiden Lane III LLC (9) 23,540 + 560 + 2,403 Net portfolio holdings of TALF LLC (10) 540 0 + 540 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (11) 25,733 0 + 25,733 Items in process of collection (64) 391 + 33 + 161 Bank premises 2,231 0 + 16 Central bank liquidity swaps (12) 1,246 0 - 86,492 Other assets (13) 93,074 - 645 + 16,856 Total assets (64) 2,328,705 - 7,035 + 325,652 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 Jul 28, 2010 Wednesday Wednesday Assets, liabilities, and capital Jul 21, 2010 Jul 29, 2009 Liabilities Federal Reserve notes, net of F.R. Bank holdings 903,334 + 1,075 + 32,759 Reverse repurchase agreements (14) 60,641 - 826 - 5,369 Deposits (0) 1,289,145 - 9,164 + 281,572 Term deposits held by depository institutions 4,241 0 + 4,241 Other deposits held by depository institutions 1,050,890 + 2,605 + 303,766 U.S. Treasury, general account 30,415 - 13,450 - 27,410 U.S. Treasury, supplementary financing account 199,961 - 1 + 25 Foreign official 3,223 + 1,775 + 1,045 Other (0) 416 - 92 - 95 Deferred availability cash items (64) 2,148 + 12 - 454 Other liabilities and accrued dividends (15) 15,320 + 590 + 8,595 Total liabilities (64) 2,270,589 - 8,311 + 317,103 Capital accounts Capital paid in 26,665 + 4 + 2,143 Surplus 25,822 + 6 + 4,525 Other capital accounts 5,628 + 1,266 + 1,879 Total capital 58,116 + 1,276 + 8,549 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, July 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 2,078 68 72 162 152 299 198 320 31 61 150 215 349 Securities, repurchase agreements, term auction credit, and other loans 2,118,048 51,977 902,156 47,964 69,782 233,922 194,369 154,849 52,934 28,141 70,460 86,252 225,243 Securities held outright (1) 2,053,876 51,977 838,090 47,964 69,782 233,914 194,353 154,834 52,904 28,117 70,456 86,243 225,241 U.S. Treasury securities 777,021 19,664 317,066 18,146 26,400 88,494 73,528 58,577 20,015 10,637 26,655 32,627 85,213 Bills (2) 18,423 466 7,517 430 626 2,098 1,743 1,389 475 252 632 774 2,020 Notes and bonds (3) 758,599 19,198 309,548 17,715 25,774 86,396 71,784 57,188 19,540 10,385 26,023 31,854 83,193 Federal agency debt securities (2) 159,381 4,033 65,036 3,722 5,415 18,152 15,082 12,015 4,105 2,182 5,467 6,692 17,479 Mortgage-backed securities (4) 1,117,474 28,280 455,989 26,096 37,967 127,268 105,744 84,242 28,784 15,298 38,334 46,923 122,549 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 64,172 0 64,065 0 0 8 16 15 30 24 4 9 2 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 1 0 1 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 29,417 0 29,417 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (8) 16,170 0 16,170 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (9) 23,540 0 23,540 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF LLC (10) 540 0 540 0 0 0 0 0 0 0 0 0 0 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (11) 25,733 0 25,733 0 0 0 0 0 0 0 0 0 0 Items in process of collection 455 17 0 33 74 7 157 44 16 13 9 57 27 Bank premises 2,231 123 258 70 143 238 219 210 135 109 266 248 213 Central bank liquidity swaps (12) 1,246 46 362 136 93 347 77 30 12 35 10 17 82 Other assets (13) 93,074 2,656 35,229 4,314 4,159 14,656 7,938 5,676 2,002 1,645 2,534 3,205 9,060 Interdistrict settlement account 0 - 1,946 + 140,184 + 19,134 - 16,908 + 4,864 - 45,596 - 44,230 - 16,621 + 11,058 - 20,487 - 3,394 - 26,058 Total assets 2,328,769 53,505 1,179,516 72,427 58,195 255,591 159,402 118,211 38,984 41,354 53,391 87,533 210,660 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, July 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 1,125,995 38,319 395,368 43,468 45,126 89,155 144,132 86,723 31,847 19,748 32,000 75,172 124,936 Less: Notes held by F.R. Banks 222,661 4,149 93,079 5,480 9,967 14,866 30,002 12,648 4,671 4,737 3,476 12,739 26,847 Federal Reserve notes, net 903,334 34,169 302,289 37,989 35,159 74,289 114,130 74,075 27,176 15,011 28,524 62,433 98,089 Reverse repurchase agreements (14) 60,641 1,535 24,745 1,416 2,060 6,906 5,738 4,572 1,562 830 2,080 2,546 6,650 Deposits 1,289,145 15,628 823,705 26,962 16,233 160,792 35,582 37,555 9,502 23,297 22,023 21,336 96,529 Term deposits held by depository institutions 4,241 51 1,817 0 28 148 189 525 56 12 40 77 1,300 Other deposits held by depository institutions 1,050,890 15,558 588,116 26,957 16,202 160,507 35,391 36,965 9,445 23,284 21,982 21,259 95,225 U.S. Treasury, general account 30,415 0 30,415 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 3,223 1 3,194 4 3 11 2 1 0 1 0 1 3 Other 416 18 203 0 1 125 0 65 0 0 1 0 2 Deferred availability cash items 2,212 69 0 187 586 76 111 158 53 441 84 79 368 Other liabilities and accrued dividends (15) 15,320 206 11,345 220 265 783 579 469 199 143 212 292 607 Total liabilities 2,270,653 51,607 1,162,084 66,773 54,305 242,846 156,141 116,829 38,491 39,723 52,923 86,687 202,243 Capital Capital paid in 26,665 916 7,628 2,806 1,918 5,438 1,548 641 218 806 212 396 4,137 Surplus 25,822 945 7,618 2,803 1,911 7,141 1,581 621 239 712 210 353 1,688 Other capital 5,628 36 2,186 44 61 166 131 120 35 113 47 97 2,592 Total liabilities and capital 2,328,769 53,505 1,179,516 72,427 58,195 255,591 159,402 118,211 38,984 41,354 53,391 87,533 210,660 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, July 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 Jul 28, 2010 Federal Reserve notes outstanding 1,125,995 Less: Notes held by F.R. Banks not subject to collateralization 222,661 Federal Reserve notes to be collateralized 903,334 Collateral held against Federal Reserve notes 903,334 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 887,097 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,053,876 Less: Face value of securities under reverse repurchase agreements 59,134 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,994,742 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.