FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks January 27, 2011 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 Jan 26, 2011 Federal Reserve Banks Jan 26, 2011 Jan 19, 2011 Jan 27, 2010 Reserve Bank credit 2,419,420 + 3,112 + 184,733 2,426,389 Securities held outright (1) 2,216,739 + 10,200 + 304,049 2,224,149 U.S. Treasury securities 1,096,402 + 24,783 + 319,786 1,114,448 Bills (2) 18,423 0 0 18,423 Notes and bonds, nominal (2) 1,021,561 + 24,239 + 312,689 1,039,604 Notes and bonds, inflation-indexed (2) 50,372 + 698 + 6,595 50,372 Inflation compensation (3) 6,047 - 154 + 503 6,049 Federal agency debt securities (2) 144,804 - 1,400 - 18,029 144,624 Mortgage-backed securities (4) 975,533 - 13,184 + 2,292 965,077 Repurchase agreements (5) 0 0 0 0 Term auction credit 0 0 - 38,531 0 Other loans 23,573 - 3,055 - 63,802 23,259 Primary credit 39 - 8 - 14,816 54 Secondary credit 0 - 2 - 985 0 Seasonal credit 10 0 + 10 10 Credit extended to American International Group, Inc., net (6) 0 - 2,904 - 24,440 0 Term Asset-Backed Securities Loan Facility (7) 23,524 - 142 - 23,570 23,195 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (8) 0 0 - 11,199 0 Net portfolio holdings of Maiden Lane LLC (9) 26,399 - 61 - 362 26,431 Net portfolio holdings of Maiden Lane II LLC (10) 15,959 + 13 + 533 16,002 Net portfolio holdings of Maiden Lane III LLC (11) 22,430 - 115 - 42 22,437 Net portfolio holdings of TALF LLC (12) 674 + 9 + 345 686 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (6) 0 - 3,769 - 25,106 0 Float -1,600 + 203 + 383 -1,464 Central bank liquidity swaps (13) 70 0 - 105 70 Other Federal Reserve assets (14) 115,177 - 311 + 18,571 114,818 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (15) 43,605 + 14 + 878 43,605 Total factors supplying reserve funds 2,479,266 + 3,126 + 185,611 2,486,235 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 Jan 26, 2011 Federal Reserve Banks Jan 26, 2011 Jan 19, 2011 Jan 27, 2010 Currency in circulation (15) 976,013 - 2,508 + 58,091 976,457 Reverse repurchase agreements (16) 52,599 - 1,188 - 4,728 52,620 Foreign official and international accounts 52,599 - 1,188 - 4,728 52,620 Others 0 0 0 0 Treasury cash holdings 200 + 5 - 48 176 Deposits with F.R. Banks, other than reserve balances 300,077 + 3,595 + 153,199 302,512 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, general account 91,704 + 32,746 - 43,334 94,186 U.S. Treasury, supplementary financing account 199,962 + 1 + 194,961 199,962 Foreign official 5,287 + 975 + 1,714 5,149 Service-related 2,362 0 - 399 2,362 Required clearing balances 2,362 0 - 399 2,362 Adjustments to compensate for float 0 0 0 0 Other 762 - 30,126 + 257 854 Funds from American International Group, Inc. asset dispositions, held as agent (6) 0 - 3,842 0 0 Other liabilities and capital (17) 72,321 + 221 + 5,596 70,505 Total factors, other than reserve balances, absorbing reserve funds 1,401,209 - 3,719 + 212,109 1,402,270 Reserve balances with Federal Reserve Banks 1,078,057 + 6,845 - 26,498 1,083,965 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight securities lending facility; 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. As a result of the closing of the American International Group, Inc. (AIG) recapitalization plan on January 14, 2011, the credit extended to AIG was fully repaid and the Federal Reserve's commitment to lend any further funds was terminated. In addition, the Federal Reserve Bank of New York (FRBNY) has been paid in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. The funds from AIG asset dispositions that FRBNY held as agent were the source of repayment of the credit extended to AIG, as well as a portion of the FRBNY's preferred interests in ALICO Holdings LLC. The remaining FRBNY preferred interests in ALICO Holdings LLC and AIA Aurora LLC, valued at approximately $20 billion, were purchased by AIG through a draw on the Treasury's Series F preferred stock commitment and then transferred by AIG to the Treasury as consideration for the draw on the available Series F funds. 7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 8. Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper Funding Facility LLC. 9. Refer to table 4 and the note on consolidation accompanying table 9. 10. Refer to table 5 and the note on consolidation accompanying table 9. 11. Refer to table 6 and the note on consolidation accompanying table 9. 12. Refer to table 7 and the note on consolidation accompanying table 9. 13. 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. 14. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. 15. Estimated. 16. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 17. Includes the liabilities of 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 7 and the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Refer to table 8 and table 9. 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 Jan 26, 2011 Memorandum item Jan 26, 2011 Jan 19, 2011 Jan 27, 2010 Marketable securities held in custody for foreign official and international accounts (1) 3,351,017 + 7,814 + 402,904 3,352,896 U.S. Treasury securities 2,603,069 + 4,958 + 423,605 2,603,987 Federal agency securities (2) 747,948 + 2,856 - 20,702 748,909 Securities lent to dealers 13,441 - 1,582 + 8,558 17,796 Overnight facility (3) 13,441 - 1,582 + 8,558 17,796 U.S. Treasury securities 11,689 - 1,929 + 7,306 16,084 Federal agency debt securities 1,751 + 346 + 1,251 1,712 Note: Components may not sum to totals because of rounding. 1. Face value of the securities. Includes U.S. Treasury STRIPS and other zero-coupon bonds at face value and mortgage-backed securities at original face value. 2. Includes debt and mortgage-backed securities. 3. Fully collateralized by U.S. Treasury securities. 2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, January 26, 2011 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) 64 0 0 23,195 0 ... 23,259 U.S. Treasury securities (2) Holdings 16,873 19,520 55,715 471,112 386,665 164,564 1,114,448 Weekly changes + 2,157 - 2,156 0 + 14,759 + 17,909 + 2,202 + 34,870 Federal agency debt securities (3) Holdings 0 18,438 24,688 70,180 28,971 2,347 144,624 Weekly changes - 1,261 + 2,274 - 2,274 0 0 0 - 1,261 Mortgage-backed securities (4) Holdings 0 0 0 23 21 965,033 965,077 Weekly changes 0 0 0 0 - 1 - 15,079 - 15,080 Asset-backed securities held by TALF LLC (5) 0 0 0 0 0 0 0 Repurchase agreements (6) 0 0 ... ... ... ... 0 Central bank liquidity swaps (7) 70 0 0 0 0 0 70 Reverse repurchase agreements (6) 52,620 0 ... ... ... ... 52,620 Term deposits 0 0 0 ... ... ... 0 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 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 asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets. 6. Cash value of agreements. 7. 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 Jan 26, 2011 Mortgage-backed securities held outright (1) 965,077 Commitments to buy mortgage-backed securities (2) 0 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 0 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 8 and table 9. 4. Information on Principal Accounts of Maiden Lane LLC Millions of dollars Wednesday Account name Jan 26, 2011 Net portfolio holdings of Maiden Lane LLC (1) 26,431 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 24,585 Accrued interest payable to the Federal Reserve Bank of New York (2) 631 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,320 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 September 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 9. 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 8 and table 9. 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 Jan 26, 2011 Net portfolio holdings of Maiden Lane II LLC (1) 16,002 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 12,777 Accrued interest payable to the Federal Reserve Bank of New York (2) 463 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,074 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 September 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 9. 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 8 and table 9. 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 Jan 26, 2011 Net portfolio holdings of Maiden Lane III LLC (1) 22,437 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 12,668 Accrued interest payable to the Federal Reserve Bank of New York (2) 558 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,378 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 September 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 9. 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 8 and table 9. 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 TALF LLC Millions of dollars Wednesday Account name Jan 26, 2011 Asset-backed securities holdings (1) 0 Other investments, net 686 Net portfolio holdings of TALF LLC 686 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) 106 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 9. 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 8 and table 9. 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. 8. Consolidated Statement of Condition of All Federal Reserve Banks Millions of dollars Eliminations from Wednesday Change since consolidation Jan 26, 2011 Wednesday Wednesday Assets, liabilities, and capital Jan 19, 2011 Jan 27, 2010 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 2,318 + 72 + 88 Securities, repurchase agreements, term auction credit, and other loans 2,247,408 + 18,100 + 210,951 Securities held outright (1) 2,224,149 + 18,530 + 314,129 U.S. Treasury securities 1,114,448 + 34,870 + 337,829 Bills (2) 18,423 0 0 Notes and bonds, nominal (2) 1,039,604 + 34,865 + 330,732 Notes and bonds, inflation-indexed (2) 50,372 0 + 6,595 Inflation compensation (3) 6,049 + 5 + 502 Federal agency debt securities (2) 144,624 - 1,261 - 19,049 Mortgage-backed securities (4) 965,077 - 15,080 - 4,651 Repurchase agreements (5) 0 0 0 Term auction credit 0 0 - 38,531 Other loans 23,259 - 429 - 64,647 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 0 0 - 8,655 Net portfolio holdings of Maiden Lane LLC (7) 26,431 + 38 - 347 Net portfolio holdings of Maiden Lane II LLC (8) 16,002 + 51 + 509 Net portfolio holdings of Maiden Lane III LLC (9) 22,437 + 9 - 45 Net portfolio holdings of TALF LLC (10) 686 + 21 + 352 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (11) 0 0 - 25,106 Items in process of collection (109) 352 - 113 + 43 Bank premises 2,221 - 1 - 24 Central bank liquidity swaps (12) 70 0 - 105 Other assets (13) 112,597 + 315 + 18,934 Total assets (109) 2,446,760 + 18,492 + 196,596 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 8. Consolidated Statement of Condition of All Federal Reserve Banks (continued) Millions of dollars Eliminations from Wednesday Change since consolidation Jan 26, 2011 Wednesday Wednesday Assets, liabilities, and capital Jan 19, 2011 Jan 27, 2010 Liabilities Federal Reserve notes, net of F.R. Bank holdings 935,342 - 2,062 + 56,967 Reverse repurchase agreements (14) 52,620 - 312 - 5,174 Deposits (0) 1,386,477 + 23,069 + 140,134 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 1,086,327 + 22,370 - 24,410 U.S. Treasury, general account 94,186 + 63 - 32,586 U.S. Treasury, supplementary financing account 199,962 + 1 + 194,961 Foreign official 5,149 + 239 + 1,683 Other (0) 854 + 397 + 487 Deferred availability cash items (109) 1,816 - 943 - 601 Other liabilities and accrued dividends (15) 17,441 - 1,260 + 4,577 Total liabilities (109) 2,393,697 + 18,492 + 195,904 Capital accounts Capital paid in 26,532 + 1 + 864 Surplus 26,532 + 1 + 1,238 Other capital accounts 0 0 - 1,408 Total capital 53,063 0 + 692 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight securities lending facility; 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. Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper Funding Facility LLC. 7. Refer to table 4 and the note on consolidation accompanying table 9. 8. Refer to table 5 and the note on consolidation accompanying table 9. 9. Refer to table 6 and the note on consolidation accompanying table 9. 10. Refer to table 7 and the note on consolidation accompanying table 9. 11. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank of New York has been paid in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. A portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were held as agent by the Federal Reserve. 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 and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. 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 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 7 and the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Before the closing of the AIG recapitalization plan on January 14, 2011, included funds from American International Group, Inc. asset dispositions, held as agent. 9. Statement of Condition of Each Federal Reserve Bank, January 26, 2011 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 2,318 50 78 178 175 373 203 354 40 64 169 252 382 Securities, repurchase agreements, term auction credit, and other loans 2,247,408 56,306 930,765 51,940 75,567 253,310 210,466 167,690 57,291 30,449 76,307 93,393 243,924 Securities held outright (1) 2,224,149 56,286 907,570 51,940 75,567 253,307 210,466 167,670 57,290 30,448 76,297 93,393 243,914 U.S. Treasury securities 1,114,448 28,203 454,754 26,026 37,864 126,924 105,458 84,014 28,706 15,257 38,230 46,796 122,217 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) 1,096,025 27,737 447,236 25,595 37,238 124,825 103,714 82,625 28,232 15,004 37,598 46,023 120,197 Federal agency debt securities (2) 144,624 3,660 59,014 3,377 4,914 16,471 13,685 10,903 3,725 1,980 4,961 6,073 15,860 Mortgage-backed securities (4) 965,077 24,423 393,803 22,537 32,789 109,912 91,323 72,754 24,859 13,212 33,106 40,524 105,836 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 23,259 20 23,195 0 0 3 0 20 1 1 10 0 10 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) 26,431 0 26,431 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (8) 16,002 0 16,002 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (9) 22,437 0 22,437 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF LLC (10) 686 0 686 0 0 0 0 0 0 0 0 0 0 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (11) 0 0 0 0 0 0 0 0 0 0 0 0 0 Items in process of collection 462 6 0 56 91 8 84 38 70 35 25 30 19 Bank premises 2,221 126 256 69 140 238 218 208 136 107 265 247 213 Central bank liquidity swaps (12) 70 3 20 8 5 19 4 2 1 2 1 1 5 Other assets (13) 112,597 3,186 42,714 4,918 4,904 17,209 9,784 7,106 2,490 1,942 3,177 4,000 11,168 Interdistrict settlement account 0 - 6,871 + 306,561 + 37,650 - 23,168 - 105,127 - 60,909 - 36,566 - 20,747 - 7,957 - 24,164 - 6,367 - 52,335 Total assets 2,446,870 53,370 1,351,807 95,433 58,414 167,288 161,890 140,143 39,753 24,935 56,229 92,490 205,120 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 9. Statement of Condition of Each Federal Reserve Bank, January 26, 2011 (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 1,118,051 41,108 381,471 45,478 46,092 90,166 141,074 85,830 32,241 19,800 33,066 75,674 126,051 Less: Notes held by F.R. Banks 182,709 5,188 58,208 5,364 8,859 14,137 23,615 12,803 4,705 5,839 4,096 12,022 27,872 Federal Reserve notes, net 935,342 35,920 323,263 40,115 37,232 76,029 117,459 73,027 27,536 13,960 28,971 63,652 98,179 Reverse repurchase agreements (14) 52,620 1,332 21,472 1,229 1,788 5,993 4,979 3,967 1,355 720 1,805 2,210 5,771 Deposits 1,386,477 13,998 978,581 48,457 14,806 73,493 35,677 61,161 10,154 8,104 24,596 25,447 92,003 Term deposits held by depository institutions 0 0 0 0 0 0 0 0 0 0 0 0 0 Other deposits held by depository institutions 1,086,327 13,963 678,748 48,452 14,802 73,352 35,675 61,134 10,096 8,099 24,594 25,444 91,968 U.S. Treasury, general account 94,186 0 94,186 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 5,149 1 5,120 4 3 11 2 1 0 1 0 1 3 Other 854 33 565 1 1 130 0 26 58 3 1 3 33 Deferred availability cash items 1,926 62 0 237 358 75 99 122 58 362 108 94 349 Interest on Federal Reserve notes due to U.S. Treasury (15) 1,292 46 505 44 33 171 131 84 34 19 44 53 128 Other liabilities and accrued dividends (16) 16,149 179 12,621 202 262 650 505 437 184 130 190 260 529 Total liabilities 2,393,806 51,537 1,336,441 90,284 54,479 156,411 158,850 138,797 39,323 23,296 55,714 91,716 196,959 Capital Capital paid in 26,532 916 7,683 2,575 1,968 5,439 1,520 673 215 819 257 387 4,080 Surplus 26,532 916 7,683 2,575 1,968 5,439 1,520 673 215 819 257 387 4,080 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 2,446,870 53,370 1,351,807 95,433 58,414 167,288 161,890 140,143 39,753 24,935 56,229 92,490 205,120 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 9. Statement of Condition of Each Federal Reserve Bank, January 26, 2011 (continued) 1. Includes securities lent to dealers under the overnight securities lending facility; 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. Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper Funding Facility LLC. 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 7 and the note on consolidation below. 11. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank of New York has been paid in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. A portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were held as agent by the Federal Reserve. 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 and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. 14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 15. Represents the estimated weekly remittances to U.S Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount necessary to equate surplus with capital paid-in. 16. Includes the liabilities of 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 7 and the note on consolidation below. Before the closing of the AIG recapitalization plan on January 14, 2011, included funds from American International Group, Inc. asset dispositions, held as agent. 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 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 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 8), 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 8). 10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts Millions of dollars Wednesday Federal Reserve notes and collateral Jan 26, 2011 Federal Reserve notes outstanding 1,118,051 Less: Notes held by F.R. Banks not subject to collateralization 182,709 Federal Reserve notes to be collateralized 935,342 Collateral held against Federal Reserve notes 935,342 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 919,105 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,224,149 Less: Face value of securities under reverse repurchase agreements 46,409 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,177,740 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 securities lending facility; refer to table 1A.