For release at 4:30 P.M. EDT July 22, 2010 Consistent with the terms of the Maiden Lane LLC (LLC) transaction, on July 15, 2010, the LLC began making distributions to repay its loan extended by the Federal Reserve Bank of New York (FRBNY). These distributions will occur on a monthly basis unless otherwise directed by the Federal Reserve and will follow the order of payments explained in the note to Table 4. These distributions will also result in a corresponding reduction of the net portfolio holdings of the LLC. FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks July 22, 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 21, 2010 Federal Reserve Banks Jul 21, 2010 Jul 14, 2010 Jul 22, 2009 Reserve Bank credit 2,315,726 - 215 + 305,035 2,315,304 Securities held outright (1) 2,061,234 + 755 + 735,283 2,060,984 U.S. Treasury securities 777,010 + 8 + 90,534 777,013 Bills (2) 18,423 0 0 18,423 Notes and bonds, nominal (2) 712,020 - 3 + 93,445 712,020 Notes and bonds, inflation-indexed (2) 41,129 + 4 - 3,094 41,129 Inflation compensation (3) 5,439 + 8 + 184 5,442 Federal agency debt securities (2) 159,771 - 3,855 + 57,650 159,381 Mortgage-backed securities (4) 1,124,453 + 4,602 + 587,099 1,124,590 Repurchase agreements (5) 0 0 0 0 Term auction credit 0 0 - 237,634 0 Other loans 65,905 - 870 - 44,735 65,551 Primary credit 25 - 61 - 33,723 49 Secondary credit 1 + 1 - 30 5 Seasonal credit 79 + 7 - 10 80 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 0 0 - 3,560 0 Credit extended to American International Group, Inc., net (6) 24,154 - 358 - 18,978 23,888 Term Asset-Backed Securities Loan Facility (7) 41,646 - 459 + 11,566 41,529 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (8) 1 0 - 110,500 1 Net portfolio holdings of Maiden Lane LLC (9) 28,538 + 7 + 2,549 28,570 Net portfolio holdings of Maiden Lane II LLC (10) 15,550 + 5 - 205 15,556 Net portfolio holdings of Maiden Lane III LLC (11) 22,969 + 38 + 4,152 22,980 Net portfolio holdings of TALF LLC (12) 511 + 5 + 511 540 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (13) 25,733 0 + 25,733 25,733 Float -1,671 + 162 + 387 -1,777 Central bank liquidity swaps (14) 1,246 + 1 - 88,618 1,246 Other Federal Reserve assets (15) 95,711 - 317 + 18,114 95,920 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 + 3,000 5,200 Treasury currency outstanding (16) 43,210 + 14 + 737 43,210 Total factors supplying reserve funds 2,375,177 - 201 + 308,772 2,374,755 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 21, 2010 Federal Reserve Banks Jul 21, 2010 Jul 14, 2010 Jul 22, 2009 Currency in circulation (16) 942,989 - 2,848 + 34,245 943,213 Reverse repurchase agreements (17) 63,368 + 532 - 4,437 61,467 Foreign official and international accounts 63,368 + 532 - 4,437 61,467 Dealers 0 0 0 0 Treasury cash holdings 243 - 3 - 104 228 Deposits with F.R. Banks, other than reserve balances 259,625 + 24,301 - 21,008 252,492 Term deposits held by depository institutions 4,241 + 2,119 + 4,241 4,241 U.S. Treasury, general account 51,307 + 33,045 - 21,881 43,865 U.S. Treasury, supplementary financing account 199,962 0 + 26 199,962 Foreign official 1,257 - 230 - 479 1,448 Service-related 2,469 - 3 - 2,692 2,469 Required clearing balances 2,469 - 3 - 2,680 2,469 Adjustments to compensate for float 0 0 - 12 0 Other 389 - 10,631 - 223 508 Other liabilities and capital (18) 72,719 + 112 + 16,108 71,570 Total factors, other than reserve balances, absorbing reserve funds 1,338,944 + 22,094 + 24,804 1,328,969 Reserve balances with Federal Reserve Banks 1,036,233 - 22,296 + 283,968 1,045,786 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 21, 2010 Memorandum item Jul 21, 2010 Jul 14, 2010 Jul 22, 2009 Marketable securities held in custody for foreign official and international accounts (1) 3,131,777 + 18,067 + 344,846 3,139,293 U.S. Treasury securities 2,303,507 + 13,772 + 307,712 2,308,147 Federal agency securities (2) 828,271 + 4,296 + 37,134 831,146 Securities lent to dealers 4,456 - 2,325 - 7,006 3,405 Overnight facility (3) 4,456 - 2,325 - 4,084 3,405 U.S. Treasury securities 3,300 - 1,784 - 5,055 2,348 Federal agency debt securities 1,156 - 540 + 971 1,057 Term facility (4) 0 0 - 2,921 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 21, 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) 123 11 0 65,418 0 ... 65,551 U.S. Treasury securities (2) Holdings 15,553 17,949 52,371 332,299 214,994 143,848 777,013 Weekly changes + 889 - 331 - 579 + 12 + 12 + 7 + 8 Federal agency debt securities (3) Holdings 0 7,451 37,894 78,943 32,746 2,347 159,381 Weekly changes - 2,730 + 252 + 782 - 232 - 802 0 - 2,730 Mortgage-backed securities (4) Holdings 0 0 0 31 20 1,124,539 1,124,590 Weekly changes 0 0 0 0 0 - 3,970 - 3,970 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) 0 1,246 0 0 0 0 1,246 Reverse repurchase agreements (7) 61,467 0 ... ... ... ... 61,467 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 21, 2010 Mortgage-backed securities held outright (1) 1,124,590 Commitments to buy mortgage-backed securities (2) 3,885 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 261 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 21, 2010 Net portfolio holdings of Maiden Lane LLC (1) 28,570 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) 525 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,284 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 Jul 21, 2010 Net portfolio holdings of Maiden Lane II LLC (1) 15,556 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) 372 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 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 Jul 21, 2010 Net portfolio holdings of Maiden Lane III LLC (1) 22,980 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) 461 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,288 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 Jul 21, 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 21, 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) 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 Jul 21, 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) 74 Preferred interests in AIA Aurora LLC (1) 16,469 Accrued dividends on preferred interests in AIA Aurora LLC (2) 47 Preferred interests in ALICO Holdings LLC (1) 9,264 Accrued dividends on preferred interests in ALICO Holdings LLC (2) 27 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 21, 2010 Wednesday Wednesday Assets, liabilities, and capital Jul 14, 2010 Jul 22, 2009 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 + 3,000 Coin 2,033 + 45 + 195 Securities, repurchase agreements, term auction credit, and other loans 2,126,535 - 7,712 + 438,892 Securities held outright (1) 2,060,984 - 6,692 + 720,113 U.S. Treasury securities 777,013 + 8 + 84,287 Bills (2) 18,423 0 0 Notes and bonds, nominal (2) 712,020 - 3 + 87,445 Notes and bonds, inflation-indexed (2) 41,129 + 4 - 3,309 Inflation compensation (3) 5,442 + 8 + 151 Federal agency debt securities (2) 159,381 - 2,730 + 56,701 Mortgage-backed securities (4) 1,124,590 - 3,970 + 579,124 Repurchase agreements (5) 0 0 0 Term auction credit 0 0 - 237,634 Other loans 65,551 - 1,020 - 43,586 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 1 0 - 109,845 Net portfolio holdings of Maiden Lane LLC (7) 28,570 + 8 + 2,514 Net portfolio holdings of Maiden Lane II LLC (8) 15,556 + 7 - 204 Net portfolio holdings of Maiden Lane III LLC (9) 22,980 + 13 + 4,143 Net portfolio holdings of TALF LLC (10) 540 + 34 + 540 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (11) 25,733 0 + 25,733 Items in process of collection (47) 358 + 2 - 80 Bank premises 2,231 0 + 20 Central bank liquidity swaps (12) 1,246 + 1 - 88,336 Other assets (13) 93,719 - 804 + 17,686 Total assets (47) 2,335,740 - 8,405 + 294,259 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 21, 2010 Wednesday Wednesday Assets, liabilities, and capital Jul 14, 2010 Jul 22, 2009 Liabilities Federal Reserve notes, net of F.R. Bank holdings 902,259 - 2,281 + 33,031 Reverse repurchase agreements (14) 61,467 - 798 - 5,366 Deposits (0) 1,298,309 - 2,959 + 251,990 Term deposits held by depository institutions 4,241 + 2,119 + 4,241 Other deposits held by depository institutions 1,048,285 - 22,978 + 266,896 U.S. Treasury, general account 43,865 + 35,999 - 17,736 U.S. Treasury, supplementary financing account 199,962 0 + 26 Foreign official 1,448 + 194 - 436 Other (0) 508 - 18,294 - 1,001 Deferred availability cash items (46) 2,136 - 220 - 351 Other liabilities and accrued dividends (15) 14,730 - 2,303 + 8,253 Total liabilities (47) 2,278,900 - 8,563 + 287,556 Capital accounts Capital paid in 26,661 0 + 2,145 Surplus 25,816 + 6 + 4,527 Other capital accounts 4,362 + 151 + 31 Total capital 56,840 + 158 + 6,703 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 21, 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 2,033 65 71 157 149 296 189 316 29 59 148 210 343 Securities, repurchase agreements, term auction credit, and other loans 2,126,535 52,178 906,409 48,137 70,025 234,728 195,035 155,386 53,109 28,243 70,712 86,553 226,020 Securities held outright (1) 2,060,984 52,157 840,991 48,130 70,023 234,724 195,026 155,370 53,087 28,214 70,700 86,542 226,020 U.S. Treasury securities 777,013 19,664 317,062 18,146 26,400 88,493 73,527 58,576 20,014 10,637 26,655 32,627 85,212 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) 758,590 19,197 309,545 17,715 25,774 86,395 71,784 57,187 19,540 10,385 26,023 31,854 83,192 Federal agency debt securities (2) 159,381 4,033 65,036 3,722 5,415 18,152 15,082 12,015 4,105 2,182 5,467 6,692 17,479 Mortgage-backed securities (4) 1,124,590 28,460 458,892 26,262 38,209 128,079 106,417 84,779 28,967 15,395 38,578 47,222 123,329 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 65,551 21 65,418 7 2 4 9 16 22 28 12 12 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 1 0 1 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 28,570 0 28,570 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (8) 15,556 0 15,556 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (9) 22,980 0 22,980 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 405 20 0 26 69 8 112 54 33 15 8 26 34 Bank premises 2,231 123 258 70 143 238 219 210 135 109 266 248 212 Central bank liquidity swaps (12) 1,246 46 362 136 93 347 77 30 12 35 10 17 82 Other assets (13) 93,719 2,673 35,464 4,318 4,175 14,727 8,002 5,738 2,023 1,652 2,563 3,240 9,145 Interdistrict settlement account 0 - 6,380 + 147,180 + 18,777 - 19,541 - 2,107 - 49,099 - 43,034 - 16,479 + 11,617 - 22,816 - 4,720 - 13,397 Total assets 2,335,787 49,290 1,188,980 72,235 55,812 249,495 156,575 120,012 39,335 42,022 51,341 86,508 224,183 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 21, 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 1,118,399 37,033 397,063 42,366 44,542 87,965 143,266 86,295 31,663 19,662 30,485 74,300 123,758 Less: Notes held by F.R. Banks 216,140 4,158 87,674 5,505 9,863 14,559 29,835 12,621 4,527 4,563 3,369 12,589 26,875 Federal Reserve notes, net 902,259 32,875 309,389 36,861 34,679 73,406 113,431 73,674 27,135 15,099 27,116 61,711 96,883 Reverse repurchase agreements (14) 61,467 1,556 25,082 1,435 2,088 7,000 5,816 4,634 1,583 841 2,109 2,581 6,741 Deposits 1,298,309 12,688 827,618 27,843 14,372 155,455 33,346 39,655 9,862 23,968 21,355 20,982 111,164 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 1,048,285 12,615 580,230 27,838 14,341 155,169 33,155 39,099 9,805 23,955 21,314 20,905 109,860 U.S. Treasury, general account 43,865 0 43,865 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 199,962 0 199,962 0 0 0 0 0 0 0 0 0 0 Foreign official 1,448 1 1,420 4 3 11 2 1 0 1 0 1 3 Other 509 20 326 0 1 127 0 30 1 0 1 0 2 Deferred availability cash items 2,182 69 0 217 515 93 150 193 58 341 83 94 369 Other liabilities and accrued dividends (15) 14,730 202 10,879 212 257 741 561 462 200 139 208 286 582 Total liabilities 2,278,947 47,389 1,172,967 66,567 51,911 236,696 153,305 118,618 38,839 40,389 50,871 85,654 215,740 Capital Capital paid in 26,661 916 7,627 2,806 1,918 5,438 1,545 642 218 806 211 396 4,138 Surplus 25,816 945 7,613 2,803 1,911 7,141 1,581 620 239 712 210 353 1,688 Other capital 4,362 39 773 58 72 221 144 132 39 115 49 104 2,617 Total liabilities and capital 2,335,787 49,290 1,188,980 72,235 55,812 249,495 156,575 120,012 39,335 42,022 51,341 86,508 224,183 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 21, 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 21, 2010 Federal Reserve notes outstanding 1,118,399 Less: Notes held by F.R. Banks not subject to collateralization 216,140 Federal Reserve notes to be collateralized 902,259 Collateral held against Federal Reserve notes 902,259 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 886,022 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,060,984 Less: Face value of securities under reverse repurchase agreements 59,866 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,001,118 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.