FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks July 1, 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 Jun 30, 2010 Federal Reserve Banks Jun 30, 2010 Jun 23, 2010 Jul 1, 2009 Reserve Bank credit 2,316,262 - 11,887 + 329,309 2,313,776 Securities held outright (1) 2,061,501 - 9,585 + 845,174 2,059,878 U.S. Treasury securities 776,982 + 19 + 119,987 776,989 Bills (2) 18,423 0 0 18,423 Notes and bonds, nominal (2) 712,023 0 + 121,275 712,023 Notes and bonds, inflation-indexed (2) 41,125 0 - 1,678 41,125 Inflation compensation (3) 5,410 + 18 + 388 5,417 Federal agency debt securities (2) 165,249 - 450 + 68,451 164,762 Mortgage-backed securities (4) 1,119,271 - 9,153 + 656,737 1,118,127 Repurchase agreements (5) 0 0 0 0 Term auction credit 0 0 - 282,808 0 Other loans 67,847 - 1,578 - 51,028 67,825 Primary credit 162 + 11 - 35,748 611 Secondary credit 79 - 71 + 76 0 Seasonal credit 70 - 2 + 7 61 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 0 0 - 14,922 0 Credit extended to American International Group, Inc., net (6) 24,857 - 899 - 17,977 24,676 Term Asset-Backed Securities Loan Facility (7) 42,681 - 615 + 17,538 42,477 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (8) 1 0 - 119,668 1 Net portfolio holdings of Maiden Lane LLC (9) 28,429 + 16 + 2,533 28,498 Net portfolio holdings of Maiden Lane II LLC (10) 15,713 + 12 - 276 15,763 Net portfolio holdings of Maiden Lane III LLC (11) 23,200 + 6 + 3,038 23,208 Net portfolio holdings of TALF LLC (12) 506 + 16 + 506 506 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (13) 25,461 + 45 + 25,461 25,733 Float -1,664 + 57 + 325 -1,948 Central bank liquidity swaps (14) 1,245 0 - 114,054 1,245 Other Federal Reserve assets (15) 94,022 - 876 + 20,104 93,068 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 + 3,000 5,200 Treasury currency outstanding (16) 43,168 + 14 + 741 43,168 Total factors supplying reserve funds 2,375,671 - 11,873 + 333,050 2,373,185 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 Jun 30, 2010 Federal Reserve Banks Jun 30, 2010 Jun 23, 2010 Jul 1, 2009 Currency in circulation (16) 941,373 + 2,036 + 33,437 945,095 Reverse repurchase agreements (17) 64,924 + 4,193 - 5,966 67,223 Foreign official and international accounts 64,924 + 4,193 - 5,966 67,223 Dealers 0 0 0 0 Treasury cash holdings 229 + 7 - 92 233 Deposits with F.R. Banks, other than reserve balances 253,493 - 768 - 28,577 319,937 Term deposits held by depository institutions 1,152 0 + 1,152 1,152 U.S. Treasury, general account 40,112 - 5,740 - 31,878 87,615 U.S. Treasury, supplementary financing account 199,965 + 2 + 26 199,965 Foreign official 1,789 - 444 - 190 1,214 Service-related 2,475 0 - 1,715 2,475 Required clearing balances 2,475 0 - 1,715 2,475 Adjustments to compensate for float 0 0 0 0 Other 7,998 + 5,414 + 4,025 27,516 Other liabilities and capital (18) 72,356 - 197 + 17,755 70,931 Total factors, other than reserve balances, absorbing reserve funds 1,332,376 + 5,272 + 16,558 1,403,419 Reserve balances with Federal Reserve Banks 1,043,295 - 17,145 + 316,493 969,767 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 Jun 30, 2010 Memorandum item Jun 30, 2010 Jun 23, 2010 Jul 1, 2009 Marketable securities held in custody for foreign official and international accounts (1) 3,097,700 + 7,771 + 331,545 3,102,777 U.S. Treasury securities 2,272,950 + 9,678 + 312,722 2,278,574 Federal agency securities (2) 824,750 - 1,907 + 18,822 824,203 Securities lent to dealers 7,280 + 3,867 - 11,198 13,933 Overnight facility (3) 7,280 + 3,867 - 4,448 13,933 U.S. Treasury securities 5,646 + 3,422 - 6,082 11,762 Federal agency debt securities 1,633 + 445 + 1,633 2,171 Term facility (4) 0 0 - 6,750 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, June 30, 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) 668 4 0 67,152 0 ... 67,825 U.S. Treasury securities (2) Holdings 16,028 13,766 56,099 332,051 215,211 143,834 776,989 Weekly changes + 674 - 3,890 + 3,414 - 1,086 + 898 + 8 + 19 Federal agency debt securities (3) Holdings 2,651 8,006 37,401 80,809 33,548 2,347 164,762 Weekly changes + 1,799 - 2,651 + 1,661 - 1,661 0 0 - 852 Mortgage-backed securities (4) Holdings 0 0 0 30 19 1,118,077 1,118,127 Weekly changes 0 0 0 - 1 - 1 - 10,533 - 10,534 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 1,245 0 0 0 0 1,245 Reverse repurchase agreements (7) 67,223 0 ... ... ... ... 67,223 Term deposits 1,152 0 0 ... ... ... 1,152 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 Jun 30, 2010 Mortgage-backed securities held outright (1) 1,118,127 Commitments to buy mortgage-backed securities (2) 18,197 Commitments to sell mortgage-backed securities (2) 2,500 Cash and cash equivalents (3) 418 1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions as well as dollar rolls. 3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 10 and table 11. 4. Information on Principal Accounts of Maiden Lane LLC Millions of dollars Wednesday Account name Jun 30, 2010 Net portfolio holdings of Maiden Lane LLC (1) 28,498 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 28,820 Accrued interest payable to the Federal Reserve Bank of New York (2) 512 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,280 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 Jun 30, 2010 Net portfolio holdings of Maiden Lane II LLC (1) 15,763 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 14,311 Accrued interest payable to the Federal Reserve Bank of New York (2) 361 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,053 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 Jun 30, 2010 Net portfolio holdings of Maiden Lane III LLC (1) 23,208 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 15,846 Accrued interest payable to the Federal Reserve Bank of New York (2) 448 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,278 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 Jun 30, 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 Jun 30, 2010 Asset-backed securities holdings (1) 0 Other investments, net 506 Net portfolio holdings of TALF LLC 506 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 Jun 30, 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) 0 Preferred interests in AIA Aurora LLC (1) 16,469 Accrued dividends on preferred interests in AIA Aurora LLC (2) 0 Preferred interests in ALICO Holdings LLC (1) 9,264 Accrued dividends on preferred interests in ALICO Holdings LLC (2) 0 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 Jun 30, 2010 Wednesday Wednesday Assets, liabilities, and capital Jun 23, 2010 Jul 1, 2009 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 + 3,000 Coin 1,975 - 17 + 197 Securities, repurchase agreements, term auction credit, and other loans 2,127,703 - 11,917 + 502,083 Securities held outright (1) 2,059,878 - 11,366 + 836,136 U.S. Treasury securities 776,989 + 19 + 113,519 Bills (2) 18,423 0 0 Notes and bonds, nominal (2) 712,023 0 + 114,811 Notes and bonds, inflation-indexed (2) 41,125 0 - 1,678 Inflation compensation (3) 5,417 + 18 + 385 Federal agency debt securities (2) 164,762 - 852 + 66,934 Mortgage-backed securities (4) 1,118,127 - 10,534 + 655,683 Repurchase agreements (5) 0 0 0 Term auction credit 0 0 - 282,808 Other loans 67,825 - 551 - 51,245 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 1 0 - 114,692 Net portfolio holdings of Maiden Lane LLC (7) 28,498 + 81 + 2,573 Net portfolio holdings of Maiden Lane II LLC (8) 15,763 + 58 - 298 Net portfolio holdings of Maiden Lane III LLC (9) 23,208 + 9 + 3,036 Net portfolio holdings of TALF LLC (10) 506 0 + 506 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (11) 25,733 + 317 + 25,733 Items in process of collection (50) 264 + 20 - 512 Bank premises 2,235 - 1 + 39 Central bank liquidity swaps (12) 1,245 0 - 113,340 Other assets (13) 90,928 - 2,192 + 18,566 Total assets (50) 2,334,296 - 13,642 + 326,892 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 Jun 30, 2010 Wednesday Wednesday Assets, liabilities, and capital Jun 23, 2010 Jul 1, 2009 Liabilities Federal Reserve notes, net of F.R. Bank holdings 904,130 + 4,395 + 32,839 Reverse repurchase agreements (14) 67,223 + 6,917 - 5,033 Deposits (0) 1,289,799 - 24,649 + 283,530 Term deposits held by depository institutions 1,152 0 + 1,152 Other deposits held by depository institutions 972,337 - 90,011 + 246,077 U.S. Treasury, general account 87,615 + 41,265 + 9,473 U.S. Treasury, supplementary financing account 199,965 + 2 + 26 Foreign official 1,214 - 1,110 - 259 Other (0) 27,516 + 25,208 + 27,062 Deferred availability cash items (50) 2,212 + 314 - 1,000 Other liabilities and accrued dividends (15) 14,729 - 925 + 8,955 Total liabilities (50) 2,278,094 - 13,947 + 319,292 Capital accounts Capital paid in 26,620 + 375 + 2,123 Surplus 25,798 + 6 + 4,534 Other capital accounts 3,784 - 76 + 944 Total capital 56,202 + 305 + 7,601 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, June 30, 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 1,975 65 73 154 141 290 183 310 25 60 141 195 336 Securities, repurchase agreements, term auction credit, and other loans 2,127,703 52,129 908,200 48,156 69,986 234,618 194,947 155,295 53,071 28,229 70,664 86,505 225,904 Securities held outright (1) 2,059,878 52,129 840,539 48,104 69,986 234,598 194,921 155,287 53,059 28,199 70,662 86,495 225,899 U.S. Treasury securities 776,989 19,663 317,052 18,145 26,399 88,491 73,525 58,574 20,014 10,637 26,654 32,626 85,209 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) 758,566 19,197 309,535 17,715 25,773 86,392 71,781 57,186 19,539 10,385 26,022 31,853 83,189 Federal agency debt securities (2) 164,762 4,170 67,232 3,848 5,598 18,765 15,591 12,421 4,244 2,256 5,652 6,918 18,069 Mortgage-backed securities (4) 1,118,127 28,296 456,255 26,111 37,989 127,343 105,806 84,291 28,801 15,307 38,356 46,951 122,621 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 67,825 0 67,661 52 0 20 26 8 12 30 1 10 5 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) 28,498 0 28,498 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (8) 15,763 0 15,763 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (9) 23,208 0 23,208 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF LLC (10) 506 0 506 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 314 12 0 37 49 8 71 53 6 15 16 24 23 Bank premises 2,235 123 259 70 143 239 220 211 135 109 265 248 213 Central bank liquidity swaps (12) 1,245 46 361 136 93 347 77 30 12 35 10 17 82 Other assets (13) 90,928 2,591 34,363 4,211 4,046 14,276 7,785 5,580 1,964 1,602 2,491 3,145 8,874 Interdistrict settlement account 0 - 607 + 115,880 + 14,006 - 14,329 - 4,335 - 47,367 - 33,470 - 16,171 + 11,716 - 20,754 - 4,493 - 75 Total assets 2,334,346 54,923 1,158,701 67,385 60,828 246,700 157,954 129,321 39,517 42,058 53,282 86,577 237,101 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, June 30, 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 1,097,593 34,849 400,133 38,718 44,429 84,394 139,549 85,944 31,886 19,748 29,138 69,361 119,444 Less: Notes held by F.R. Banks 193,462 4,042 72,162 5,318 9,368 13,536 28,198 11,898 4,457 3,985 3,198 11,884 25,417 Federal Reserve notes, net 904,130 30,807 327,972 33,399 35,061 70,858 111,352 74,046 27,429 15,764 25,940 57,477 94,027 Reverse repurchase agreements (14) 67,223 1,701 27,431 1,570 2,284 7,656 6,361 5,068 1,732 920 2,306 2,823 7,372 Deposits 1,289,799 20,251 776,537 26,329 18,841 154,579 36,283 48,214 9,588 23,219 24,259 25,062 126,637 Term deposits held by depository institutions 1,152 8 386 0 15 85 16 14 150 254 10 20 194 Other deposits held by depository institutions 972,337 20,205 460,002 26,324 18,822 154,432 36,265 48,159 9,435 22,964 24,248 25,042 126,439 U.S. Treasury, general account 87,615 0 87,615 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 199,965 0 199,965 0 0 0 0 0 0 0 0 0 0 Foreign official 1,214 1 1,185 4 3 11 2 1 0 1 0 1 3 Other 27,516 36 27,384 0 0 51 0 40 2 0 1 0 2 Deferred availability cash items 2,263 68 0 227 517 88 138 194 57 393 103 87 389 Other liabilities and accrued dividends (15) 14,729 202 10,857 204 256 762 564 468 203 136 208 285 583 Total liabilities 2,278,144 53,028 1,142,796 61,729 56,959 233,944 154,699 127,990 39,008 40,432 52,817 85,734 229,008 Capital Capital paid in 26,620 916 7,605 2,807 1,907 5,439 1,545 614 239 804 212 396 4,137 Surplus 25,798 945 7,596 2,803 1,911 7,141 1,581 620 239 712 210 353 1,688 Other capital 3,784 33 704 46 52 176 129 97 31 111 44 93 2,268 Total liabilities and capital 2,334,346 54,923 1,158,701 67,385 60,828 246,700 157,954 129,321 39,517 42,058 53,282 86,577 237,101 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, June 30, 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 Jun 30, 2010 Federal Reserve notes outstanding 1,097,593 Less: Notes held by F.R. Banks not subject to collateralization 193,462 Federal Reserve notes to be collateralized 904,130 Collateral held against Federal Reserve notes 904,130 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 887,893 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,059,878 Less: Face value of securities under reverse repurchase agreements 65,783 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,994,095 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.