FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks June 2, 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 Jun 1, 2011 Federal Reserve Banks Jun 1, 2011 May 25, 2011 Jun 2, 2010 Reserve Bank credit 2,770,779 + 20,105 + 450,872 2,772,226 Securities held outright (1) 2,566,624 + 20,207 + 509,396 2,569,185 U.S. Treasury securities 1,529,675 + 25,087 + 752,769 1,532,236 Bills (2) 18,423 0 0 18,423 Notes and bonds, nominal (2) 1,441,983 + 24,658 + 729,960 1,443,828 Notes and bonds, inflation-indexed (2) 61,268 + 264 + 20,143 61,930 Inflation compensation (3) 8,001 + 164 + 2,667 8,056 Federal agency debt securities (2) 119,093 - 112 - 47,717 119,093 Mortgage-backed securities (4) 917,856 - 4,769 - 195,657 917,856 Repurchase agreements (5) 0 0 0 0 Loans 14,068 - 583 - 57,385 13,723 Primary credit 25 + 14 - 653 66 Secondary credit 3 + 3 - 297 9 Seasonal credit 26 + 4 - 13 32 Credit extended to American International Group, Inc., net (6) 0 0 - 26,406 0 Term Asset-Backed Securities Loan Facility (7) 14,014 - 603 - 30,016 13,617 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (8) 0 0 - 1 0 Net portfolio holdings of Maiden Lane LLC (9) 24,489 + 62 - 3,849 24,531 Net portfolio holdings of Maiden Lane II LLC (10) 15,010 + 23 - 899 15,012 Net portfolio holdings of Maiden Lane III LLC (11) 24,381 + 6 + 994 24,386 Net portfolio holdings of TALF LLC (12) 746 + 2 + 268 746 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (6) 0 0 - 25,416 0 Float -1,177 - 342 + 539 -1,823 Central bank liquidity swaps (13) 0 0 - 6,642 0 Other Federal Reserve assets (14) 126,638 + 731 + 33,866 126,465 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (15) 43,902 + 14 + 812 43,902 Total factors supplying reserve funds 2,830,921 + 20,119 + 451,683 2,832,369 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 1, 2011 Federal Reserve Banks Jun 1, 2011 May 25, 2011 Jun 2, 2010 Currency in circulation (15) 1,023,967 + 6,201 + 80,748 1,025,868 Reverse repurchase agreements (16) 58,417 + 3,135 - 726 59,937 Foreign official and international accounts 58,417 + 3,135 - 726 59,937 Others 0 0 0 0 Treasury cash holdings 142 + 1 - 64 133 Deposits with F.R. Banks, other than reserve balances 74,131 - 18,190 - 163,973 82,053 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, general account 65,992 - 18,267 + 32,857 73,973 U.S. Treasury, supplementary financing account 5,000 0 - 194,958 5,000 Foreign official 201 + 74 - 1,784 133 Service-related 2,543 0 - 100 2,543 Required clearing balances 2,543 0 - 100 2,543 Adjustments to compensate for float 0 0 0 0 Other 395 + 4 + 12 405 Funds from American International Group, Inc. asset dispositions, held as agent (6) 0 0 0 0 Other liabilities and capital (17) 74,385 + 597 + 2,925 73,789 Total factors, other than reserve balances, absorbing reserve funds 1,231,043 - 8,254 - 81,089 1,241,780 Reserve balances with Federal Reserve Banks 1,599,878 + 28,373 + 532,772 1,590,589 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 Jun 1, 2011 Memorandum item Jun 1, 2011 May 25, 2011 Jun 2, 2010 Marketable securities held in custody for foreign official and international accounts (1) 3,432,444 - 9,739 + 356,583 3,438,553 U.S. Treasury securities 2,688,653 - 10,184 + 420,961 2,695,279 Federal agency securities (2) 743,791 + 445 - 64,377 743,274 Securities lent to dealers 19,918 + 2,676 + 14,167 17,085 Overnight facility (3) 19,918 + 2,676 + 14,167 17,085 U.S. Treasury securities 18,869 + 2,645 + 14,802 16,198 Federal agency debt securities 1,049 + 31 - 635 887 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, June 1, 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 Loans (1) 75 32 495 13,122 0 ... 13,723 U.S. Treasury securities (2) Holdings 16,005 10,983 95,392 676,155 539,335 194,367 1,532,236 Weekly changes - 5,391 - 3,867 + 5,805 + 21,070 - 6,695 + 1,988 + 12,909 Federal agency debt securities (3) Holdings 728 8,589 16,524 68,156 22,749 2,347 119,093 Weekly changes + 728 - 728 0 0 0 0 0 Mortgage-backed securities (4) Holdings 0 0 0 18 22 917,815 917,856 Weekly changes 0 0 0 0 0 0 0 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) 0 0 0 0 0 0 0 Reverse repurchase agreements (6) 59,937 0 ... ... ... ... 59,937 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 Jun 1, 2011 Mortgage-backed securities held outright (1) 917,856 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 Jun 1, 2011 Net portfolio holdings of Maiden Lane LLC (1) 24,531 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 21,719 Accrued interest payable to the Federal Reserve Bank of New York (2) 693 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,343 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, 2011. 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 Jun 1, 2011 Net portfolio holdings of Maiden Lane II LLC (1) 15,012 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 10,542 Accrued interest payable to the Federal Reserve Bank of New York (2) 517 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,086 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, 2011. 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 Jun 1, 2011 Net portfolio holdings of Maiden Lane III LLC (1) 24,386 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 11,985 Accrued interest payable to the Federal Reserve Bank of New York (2) 613 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,439 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, 2011. 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 Jun 1, 2011 Asset-backed securities holdings (1) 0 Other investments, net 746 Net portfolio holdings of TALF LLC 746 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) 107 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 Jun 1, 2011 Wednesday Wednesday Assets, liabilities, and capital May 25, 2011 Jun 2, 2010 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 2,106 - 24 + 110 Securities, repurchase agreements, and loans 2,582,908 + 12,363 + 454,630 Securities held outright (1) 2,569,185 + 12,909 + 511,943 U.S. Treasury securities 1,532,236 + 12,909 + 755,323 Bills (2) 18,423 0 0 Notes and bonds, nominal (2) 1,443,828 + 11,819 + 731,805 Notes and bonds, inflation-indexed (2) 61,930 + 926 + 20,805 Inflation compensation (3) 8,056 + 164 + 2,714 Federal agency debt securities (2) 119,093 0 - 47,622 Mortgage-backed securities (4) 917,856 0 - 195,758 Repurchase agreements (5) 0 0 0 Loans 13,723 - 547 - 57,312 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 0 0 - 1 Net portfolio holdings of Maiden Lane LLC (7) 24,531 + 56 - 3,836 Net portfolio holdings of Maiden Lane II LLC (8) 15,012 + 3 - 899 Net portfolio holdings of Maiden Lane III LLC (9) 24,386 + 7 + 985 Net portfolio holdings of TALF LLC (10) 746 0 + 268 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (11) 0 0 - 25,416 Items in process of collection (232) 426 + 154 + 23 Bank premises 2,206 - 7 - 26 Central bank liquidity swaps (12) 0 0 - 6,642 Other assets (13) 124,257 + 1,161 + 33,940 Total assets (232) 2,792,815 + 13,712 + 453,137 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 Jun 1, 2011 Wednesday Wednesday Assets, liabilities, and capital May 25, 2011 Jun 2, 2010 Liabilities Federal Reserve notes, net of F.R. Bank holdings 984,201 + 5,041 + 80,474 Reverse repurchase agreements (14) 59,937 + 5,756 + 821 Deposits (0) 1,672,639 + 1,349 + 369,361 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 1,593,129 + 1,038 + 554,302 U.S. Treasury, general account 73,973 + 279 + 11,656 U.S. Treasury, supplementary financing account 5,000 0 - 194,958 Foreign official 133 + 7 - 1,691 Other (0) 405 + 25 + 54 Deferred availability cash items (232) 2,249 + 870 - 976 Other liabilities and accrued dividends (15) 21,101 + 666 + 5,726 Total liabilities (232) 2,740,127 + 13,682 + 455,406 Capital accounts Capital paid in 26,344 + 15 - 62 Surplus 26,344 + 15 + 679 Other capital accounts 0 0 - 2,886 Total capital 52,688 + 30 - 2,269 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, June 1, 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 11,037 390 3,866 432 450 872 1,394 854 319 197 318 728 1,217 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574 Coin 2,106 52 78 158 151 351 173 325 33 59 159 213 351 Securities, repurchase agreements, and loans 2,582,908 63,167 1,208,398 88,044 69,399 296,715 191,003 152,594 48,633 39,492 68,376 101,611 255,476 Securities held outright (1) 2,569,185 63,167 1,194,781 88,010 69,399 296,715 191,000 152,572 48,627 39,484 68,342 101,611 255,476 U.S. Treasury securities 1,532,236 37,672 712,556 52,488 41,389 176,958 113,910 90,993 29,001 23,548 40,758 60,600 152,363 Bills (2) 18,423 453 8,567 631 498 2,128 1,370 1,094 349 283 490 729 1,832 Notes and bonds (3) 1,513,814 37,219 703,988 51,857 40,891 174,830 112,541 89,898 28,652 23,265 40,268 59,871 150,531 Federal agency debt securities (2) 119,093 2,928 55,383 4,080 3,217 13,754 8,854 7,072 2,254 1,830 3,168 4,710 11,842 Mortgage-backed securities (4) 917,856 22,567 426,842 31,442 24,793 106,003 68,236 54,507 17,372 14,106 24,415 36,301 91,270 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 13,723 0 13,617 34 0 0 3 22 6 8 35 0 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) 24,531 0 24,531 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (8) 15,012 0 15,012 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (9) 24,386 0 24,386 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF LLC (10) 746 0 746 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 658 33 0 163 211 12 1 51 17 32 23 21 94 Bank premises 2,206 123 254 68 138 237 218 207 136 106 262 246 211 Central bank liquidity swaps (12) 0 0 0 0 0 0 0 0 0 0 0 0 0 Other assets (13) 124,257 3,346 52,876 5,980 4,631 16,815 8,805 6,457 2,083 2,356 2,842 4,276 13,790 Interdistrict settlement account 0 - 2,804 + 238,229 + 10,148 - 4,333 - 95,646 - 34,351 - 4,923 - 10,183 - 18,211 - 16,444 - 7,043 - 54,438 Total assets 2,793,047 64,503 1,570,195 105,203 70,883 219,769 167,897 155,989 41,187 24,121 55,689 100,335 217,276 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, June 1, 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 1,136,344 43,303 387,245 47,358 52,930 90,568 140,196 89,646 32,608 19,479 32,069 75,048 125,895 Less: Notes held by F.R. Banks 152,144 4,506 41,709 5,353 7,508 12,107 21,929 12,475 4,038 5,421 3,269 10,793 23,034 Federal Reserve notes, net 984,201 38,797 345,536 42,005 45,422 78,461 118,267 77,170 28,570 14,057 28,800 64,254 102,860 Reverse repurchase agreements (14) 59,937 1,474 27,873 2,053 1,619 6,922 4,456 3,559 1,134 921 1,594 2,371 5,960 Deposits 1,672,639 21,992 1,165,592 55,599 19,232 122,248 41,313 73,216 10,715 6,870 24,419 32,432 99,013 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 1,593,129 21,989 1,086,263 55,595 19,229 122,102 41,311 73,214 10,714 6,869 24,417 32,431 98,997 U.S. Treasury, general account 73,973 0 73,973 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 5,000 0 5,000 0 0 0 0 0 0 0 0 0 0 Foreign official 133 1 104 4 3 8 2 1 0 1 0 1 6 Other 405 2 252 0 0 137 0 1 1 0 1 0 10 Deferred availability cash items 2,481 135 1 476 278 109 160 168 104 429 121 135 364 Interest on Federal Reserve notes due to U.S. Treasury (15) 1,999 53 853 90 72 291 152 101 34 38 43 70 202 Other liabilities and accrued dividends (16) 19,102 218 14,905 318 311 874 530 443 185 165 191 294 670 Total liabilities 2,740,359 62,668 1,554,760 100,541 66,934 208,905 164,877 154,658 40,742 22,481 55,168 99,555 209,069 Capital Capital paid in 26,344 918 7,717 2,331 1,975 5,432 1,510 665 222 820 260 390 4,104 Surplus 26,344 918 7,717 2,331 1,975 5,432 1,510 665 222 820 260 390 4,104 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 2,793,047 64,503 1,570,195 105,203 70,883 219,769 167,897 155,989 41,187 24,121 55,689 100,335 217,276 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, June 1, 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 Jun 1, 2011 Federal Reserve notes outstanding 1,136,344 Less: Notes held by F.R. Banks not subject to collateralization 152,144 Federal Reserve notes to be collateralized 984,201 Collateral held against Federal Reserve notes 984,201 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 967,964 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,569,185 Less: Face value of securities under reverse repurchase agreements 54,908 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,514,277 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.