FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks August 19, 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 Aug 18, 2010 Federal Reserve Banks Aug 18, 2010 Aug 11, 2010 Aug 19, 2009 Reserve Bank credit 2,302,506 - 6,482 + 276,966 2,296,664 Securities held outright (1) 2,052,150 - 2,360 + 603,329 2,049,778 U.S. Treasury securities 777,367 + 355 + 46,328 779,549 Bills (2) 18,423 0 0 18,423 Notes and bonds, nominal (2) 712,384 + 364 + 49,914 714,571 Notes and bonds, inflation-indexed (2) 41,129 0 - 3,459 41,129 Inflation compensation (3) 5,431 - 10 - 128 5,427 Federal agency debt securities (2) 157,625 - 1,756 + 46,857 157,211 Mortgage-backed securities (4) 1,117,158 - 959 + 510,144 1,113,017 Repurchase agreements (5) 0 0 0 0 Term auction credit 0 0 - 221,081 0 Other loans 61,909 - 465 - 45,235 61,921 Primary credit 12 - 2 - 30,699 57 Secondary credit 0 - 1 - 710 0 Seasonal credit 82 + 3 - 36 89 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 0 0 - 113 0 Credit extended to American International Group, Inc., net (6) 23,511 - 1 - 15,688 23,487 Term Asset-Backed Securities Loan Facility (7) 38,305 - 463 + 2,013 38,288 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (8) 1 0 - 56,511 0 Net portfolio holdings of Maiden Lane LLC (9) 29,036 - 418 + 3,048 28,981 Net portfolio holdings of Maiden Lane II LLC (10) 15,962 + 4 + 1,140 15,967 Net portfolio holdings of Maiden Lane III LLC (11) 23,303 + 72 + 2,441 23,324 Net portfolio holdings of TALF LLC (12) 540 0 + 540 540 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (13) 25,733 0 + 25,733 25,733 Float -1,764 - 3 + 121 -1,807 Central bank liquidity swaps (14) 434 - 812 - 68,707 434 Other Federal Reserve assets (15) 95,203 - 2,500 + 32,149 91,793 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 + 3,000 5,200 Treasury currency outstanding (16) 43,266 + 14 + 782 43,266 Total factors supplying reserve funds 2,362,013 - 6,468 + 280,748 2,356,171 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 Aug 18, 2010 Federal Reserve Banks Aug 18, 2010 Aug 11, 2010 Aug 19, 2009 Currency in circulation (16) 946,870 + 522 + 35,947 947,746 Reverse repurchase agreements (17) 60,133 + 153 - 8,015 60,185 Foreign official and international accounts 59,927 + 179 - 8,221 60,185 Dealers 206 - 25 + 206 0 Treasury cash holdings 209 + 10 - 52 218 Deposits with F.R. Banks, other than reserve balances 241,284 - 2,113 - 3,541 237,259 Term deposits held by depository institutions 2,119 0 + 2,119 2,119 U.S. Treasury, general account 28,343 - 7,770 - 1,424 30,217 U.S. Treasury, supplementary financing account 199,955 - 2 + 25 199,955 Foreign official 1,883 - 199 - 1,472 2,095 Service-related 2,459 + 2 - 2,155 2,459 Required clearing balances 2,459 + 2 - 2,155 2,459 Adjustments to compensate for float 0 0 0 0 Other 6,526 + 5,857 - 633 413 Other liabilities and capital (18) 72,187 - 1,214 + 13,289 71,455 Total factors, other than reserve balances, absorbing reserve funds 1,320,683 - 2,642 + 37,629 1,316,864 Reserve balances with Federal Reserve Banks 1,041,330 - 3,826 + 243,119 1,039,307 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, federal agency debt securities, and mortgage-backed 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 Aug 18, 2010 Memorandum item Aug 18, 2010 Aug 11, 2010 Aug 19, 2009 Marketable securities held in custody for foreign official and international accounts (1) 3,175,927 + 11,439 + 361,848 3,188,711 U.S. Treasury securities 2,354,653 + 20,469 + 325,011 2,365,628 Federal agency securities (2) 821,274 - 9,030 + 36,838 823,083 Securities lent to dealers 4,517 + 925 - 9,545 6,223 Overnight facility (3) 4,517 + 925 - 9,160 6,223 U.S. Treasury securities 3,103 + 744 - 10,371 4,784 Federal agency debt securities 1,415 + 183 + 1,213 1,439 Term facility (4) 0 0 - 386 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, August 18, 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) 135 11 0 61,775 0 ... 61,921 U.S. Treasury securities (2) Holdings 14,806 15,077 53,294 341,460 216,083 138,830 779,549 Weekly changes - 4,266 + 2,034 + 5 + 9,647 + 138 - 5,016 + 2,540 Federal agency debt securities (3) Holdings 709 7,508 38,334 75,567 32,746 2,347 157,211 Weekly changes - 2,170 + 687 + 1,088 - 1,775 0 0 - 2,170 Mortgage-backed securities (4) Holdings 0 0 0 30 20 1,112,967 1,113,017 Weekly changes 0 0 0 0 0 - 6,441 - 6,442 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) 430 4 0 0 0 0 434 Reverse repurchase agreements (7) 60,185 0 ... ... ... ... 60,185 Term deposits 0 2,119 0 ... ... ... 2,119 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 Aug 18, 2010 Mortgage-backed securities held outright (1) 1,113,017 Commitments to buy mortgage-backed securities (2) 6 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 145 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 Aug 18, 2010 Net portfolio holdings of Maiden Lane LLC (1) 28,981 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 28,281 Accrued interest payable to the Federal Reserve Bank of New York (2) 541 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,289 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 Aug 18, 2010 Net portfolio holdings of Maiden Lane II LLC (1) 15,967 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 13,873 Accrued interest payable to the Federal Reserve Bank of New York (2) 387 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,058 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 Aug 18, 2010 Net portfolio holdings of Maiden Lane III LLC (1) 23,324 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 15,107 Accrued interest payable to the Federal Reserve Bank of New York (2) 477 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,301 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 Aug 18, 2010 Commercial paper holdings, net (1) 0 Other investments, net 0 Net portfolio holdings of Commercial Paper Funding Facility LLC 0 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 Aug 18, 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 Aug 18, 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) 173 Preferred interests in AIA Aurora LLC (1) 16,469 Accrued dividends on preferred interests in AIA Aurora LLC (2) 111 Preferred interests in ALICO Holdings LLC (1) 9,264 Accrued dividends on preferred interests in ALICO Holdings LLC (2) 62 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 Aug 18, 2010 Wednesday Wednesday Assets, liabilities, and capital Aug 11, 2010 Aug 19, 2009 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 + 3,000 Coin 2,061 - 4 + 154 Securities, repurchase agreements, term auction credit, and other loans 2,111,698 - 6,376 + 326,921 Securities held outright (1) 2,049,778 - 6,070 + 592,373 U.S. Treasury securities 779,549 + 2,540 + 43,463 Bills (2) 18,423 0 0 Notes and bonds, nominal (2) 714,571 + 2,551 + 47,090 Notes and bonds, inflation-indexed (2) 41,129 0 - 3,459 Inflation compensation (3) 5,427 - 10 - 168 Federal agency debt securities (2) 157,211 - 2,170 + 45,424 Mortgage-backed securities (4) 1,113,017 - 6,442 + 503,486 Repurchase agreements (5) 0 0 0 Term auction credit 0 0 - 221,081 Other loans 61,921 - 304 - 44,371 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 0 - 1 - 53,742 Net portfolio holdings of Maiden Lane LLC (7) 28,981 - 488 + 2,999 Net portfolio holdings of Maiden Lane II LLC (8) 15,967 + 6 + 1,126 Net portfolio holdings of Maiden Lane III LLC (9) 23,324 + 25 + 2,449 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 (102) 271 + 55 - 100 Bank premises 2,227 + 1 + 10 Central bank liquidity swaps (12) 434 - 812 - 68,707 Other assets (13) 89,595 - 6,271 + 12,897 Total assets (102) 2,317,069 - 13,863 + 253,280 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 Aug 18, 2010 Wednesday Wednesday Assets, liabilities, and capital Aug 11, 2010 Aug 19, 2009 Liabilities Federal Reserve notes, net of F.R. Bank holdings 906,756 - 162 + 35,268 Reverse repurchase agreements (14) 60,185 + 1,637 - 8,184 Deposits (0) 1,276,595 - 13,023 + 213,981 Term deposits held by depository institutions 2,119 0 + 2,119 Other deposits held by depository institutions 1,041,795 - 16,435 + 222,989 U.S. Treasury, general account 30,217 + 3,285 - 10,077 U.S. Treasury, supplementary financing account 199,955 - 2 + 25 Foreign official 2,095 + 82 - 1,140 Other (0) 413 + 46 + 64 Deferred availability cash items (102) 2,078 - 159 - 460 Other liabilities and accrued dividends (15) 14,933 - 2,216 + 6,690 Total liabilities (102) 2,260,547 - 13,922 + 247,293 Capital accounts Capital paid in 26,693 + 22 + 2,036 Surplus 25,839 + 5 + 4,517 Other capital accounts 3,989 + 31 - 566 Total capital 56,522 + 59 + 5,987 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, federal agency debt securities, and mortgage-backed 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, August 18, 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 2,061 64 69 163 150 303 195 318 30 58 149 217 346 Securities, repurchase agreements, term auction credit, and other loans 2,111,698 51,873 898,229 47,868 69,643 233,448 193,978 154,534 52,829 28,087 70,336 86,083 224,791 Securities held outright (1) 2,049,778 51,873 836,418 47,868 69,643 233,448 193,966 154,525 52,799 28,061 70,316 86,071 224,791 U.S. Treasury securities 779,549 19,728 318,097 18,205 26,486 88,782 73,767 58,767 20,080 10,672 26,742 32,734 85,490 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) 761,127 19,262 310,580 17,775 25,860 86,684 72,024 57,379 19,605 10,420 26,110 31,960 83,470 Federal agency debt securities (2) 157,211 3,978 64,150 3,671 5,341 17,905 14,877 11,852 4,049 2,152 5,393 6,601 17,241 Mortgage-backed securities (4) 1,113,017 28,167 454,170 25,992 37,816 126,761 105,322 83,906 28,669 15,237 38,181 46,736 122,060 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 61,921 0 61,811 0 0 0 12 9 31 26 20 12 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 28,981 0 28,981 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (8) 15,967 0 15,967 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (9) 23,324 0 23,324 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 373 15 0 28 92 9 44 52 18 18 17 34 47 Bank premises 2,227 123 256 69 143 238 218 210 135 108 266 248 212 Central bank liquidity swaps (12) 434 16 126 47 32 121 27 10 4 12 4 6 29 Other assets (13) 89,595 2,569 33,830 4,245 4,044 14,291 7,585 5,399 1,915 1,600 2,408 3,051 8,659 Interdistrict settlement account 0 + 1,148 + 118,879 + 24,547 - 15,279 + 3,378 - 45,134 - 38,037 - 14,098 + 10,205 - 18,800 - 873 - 25,937 Total assets 2,317,171 56,374 1,151,790 77,581 59,526 253,044 158,952 123,798 41,307 40,382 54,827 89,699 209,891 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, August 18, 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 1,141,745 40,829 390,467 45,959 46,734 91,118 145,468 88,746 33,616 20,575 34,065 77,453 126,715 Less: Notes held by F.R. Banks 234,989 4,262 102,846 5,351 9,922 14,843 31,292 13,246 4,653 5,436 3,441 12,495 27,202 Federal Reserve notes, net 906,756 36,567 287,620 40,608 36,812 76,275 114,175 75,500 28,963 15,139 30,625 64,958 99,513 Reverse repurchase agreements (14) 60,185 1,523 24,559 1,405 2,045 6,854 5,695 4,537 1,550 824 2,065 2,527 6,600 Deposits 1,276,595 16,131 812,501 29,524 15,995 156,376 35,165 41,760 10,049 22,323 21,373 21,000 94,398 Term deposits held by depository institutions 2,119 27 886 0 15 96 161 506 0 6 34 62 327 Other deposits held by depository institutions 1,041,795 16,091 579,146 29,520 15,976 156,171 35,002 41,189 10,047 22,315 21,338 20,937 94,063 U.S. Treasury, general account 30,217 0 30,217 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 199,955 0 199,955 0 0 0 0 0 0 0 0 0 0 Foreign official 2,095 1 2,067 4 3 11 2 1 0 1 0 1 3 Other 413 12 229 0 1 97 0 65 1 0 1 0 6 Deferred availability cash items 2,180 65 0 190 540 92 126 179 63 330 102 91 400 Other liabilities and accrued dividends (15) 14,933 196 11,203 217 254 728 533 439 192 138 197 273 563 Total liabilities 2,260,649 54,482 1,135,883 71,945 55,646 240,324 155,695 122,416 40,817 38,754 54,362 88,850 201,475 Capital Capital paid in 26,693 916 7,653 2,807 1,919 5,440 1,551 641 216 806 211 397 4,137 Surplus 25,839 945 7,636 2,803 1,911 7,141 1,581 621 239 712 210 353 1,688 Other capital 3,989 30 618 26 51 139 125 121 35 110 45 99 2,591 Total liabilities and capital 2,317,171 56,374 1,151,790 77,581 59,526 253,044 158,952 123,798 41,307 40,382 54,827 89,699 209,891 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, August 18, 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, federal agency debt securities, and mortgage-backed 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 Aug 18, 2010 Federal Reserve notes outstanding 1,141,745 Less: Notes held by F.R. Banks not subject to collateralization 234,989 Federal Reserve notes to be collateralized 906,756 Collateral held against Federal Reserve notes 906,756 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 890,519 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,049,778 Less: Face value of securities under reverse repurchase agreements 58,657 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,991,120 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.