FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks June 30, 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 29, 2011 Federal Reserve Banks Jun 29, 2011 Jun 22, 2011 Jun 30, 2010 Reserve Bank credit 2,843,151 + 16,531 + 526,805 2,849,329 Securities held outright (1) 2,636,565 + 14,606 + 575,064 2,642,617 U.S. Treasury securities 1,607,000 + 17,835 + 830,018 1,617,060 Bills (2) 18,423 0 0 18,423 Notes and bonds, nominal (2) 1,514,339 + 16,440 + 802,316 1,524,358 Notes and bonds, inflation-indexed (2) 65,296 + 1,101 + 24,171 65,296 Inflation compensation (3) 8,943 + 295 + 3,533 8,984 Federal agency debt securities (2) 117,584 - 781 - 47,665 116,704 Mortgage-backed securities (4) 911,980 - 2,449 - 207,291 908,853 Repurchase agreements (5) 0 0 0 0 Loans 12,975 - 183 - 54,872 12,845 Primary credit 18 - 2 - 144 17 Secondary credit 0 - 1 - 79 0 Seasonal credit 51 + 9 - 19 58 Credit extended to American International Group, Inc., net (6) 0 0 - 24,857 0 Term Asset-Backed Securities Loan Facility (7) 12,906 - 190 - 29,775 12,769 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) 23,819 + 44 - 4,610 23,849 Net portfolio holdings of Maiden Lane II LLC (10) 12,514 + 7 - 3,199 12,538 Net portfolio holdings of Maiden Lane III LLC (11) 24,239 + 8 + 1,039 24,244 Net portfolio holdings of TALF LLC (12) 757 + 8 + 251 757 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (6) 0 0 - 25,461 0 Float -1,039 - 28 + 625 -1,240 Central bank liquidity swaps (13) 0 0 - 1,245 0 Other Federal Reserve assets (14) 133,321 + 2,070 + 39,215 133,719 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (15) 43,966 + 14 + 761 43,966 Total factors supplying reserve funds 2,903,357 + 16,545 + 527,565 2,909,535 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 29, 2011 Federal Reserve Banks Jun 29, 2011 Jun 22, 2011 Jun 30, 2010 Currency in circulation (15) 1,023,975 + 1,308 + 82,565 1,027,497 Reverse repurchase agreements (16) 65,327 + 2,423 + 403 66,607 Foreign official and international accounts 65,327 + 2,423 + 403 66,607 Others 0 0 0 0 Treasury cash holdings 130 - 2 - 99 147 Deposits with F.R. Banks, other than reserve balances 121,959 - 14,675 - 131,533 121,841 Term deposits held by depository institutions 5,087 0 + 3,935 5,087 U.S. Treasury, general account 107,983 - 14,952 + 67,871 105,582 U.S. Treasury, supplementary financing account 5,000 0 - 194,965 5,000 Foreign official 189 - 24 - 1,600 126 Service-related 2,535 - 2 + 61 2,535 Required clearing balances 2,535 - 2 + 61 2,535 Adjustments to compensate for float 0 0 0 0 Other 1,166 + 304 - 6,832 3,511 Funds from American International Group, Inc. asset dispositions, held as agent (6) 0 0 0 0 Other liabilities and capital (17) 74,577 + 598 + 2,221 73,593 Total factors, other than reserve balances, absorbing reserve funds 1,285,969 - 10,347 - 46,443 1,289,685 Reserve balances with Federal Reserve Banks 1,617,388 + 26,892 + 574,008 1,619,850 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 29, 2011 Memorandum item Jun 29, 2011 Jun 22, 2011 Jun 30, 2010 Marketable securities held in custody for foreign official and international accounts (1) 3,445,002 - 14,584 + 347,302 3,440,515 U.S. Treasury securities 2,706,688 - 16,491 + 433,738 2,702,154 Federal agency securities (2) 738,313 + 1,905 - 86,437 738,361 Securities lent to dealers 29,527 + 1,143 + 22,247 37,196 Overnight facility (3) 29,527 + 1,143 + 22,247 37,196 U.S. Treasury securities 28,839 + 1,214 + 23,193 36,392 Federal agency debt securities 688 - 70 - 945 804 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 29, 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) 67 9 1,240 11,529 0 ... 12,845 U.S. Treasury securities (2) Holdings 19,417 10,966 100,519 703,587 585,665 196,906 1,617,060 Weekly changes + 3,867 - 3,867 + 6 + 8,867 + 4,962 + 1,261 + 15,097 Federal agency debt securities (3) Holdings 1,634 6,802 16,784 66,388 22,749 2,347 116,704 Weekly changes - 1,661 0 0 0 0 0 - 1,661 Mortgage-backed securities (4) Holdings 0 0 0 17 23 908,814 908,853 Weekly changes 0 0 0 0 0 - 5,472 - 5,473 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) 66,607 0 ... ... ... ... 66,607 Term deposits 5,087 0 0 ... ... ... 5,087 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 29, 2011 Mortgage-backed securities held outright (1) 908,853 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 29, 2011 Net portfolio holdings of Maiden Lane LLC (1) 23,849 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 20,895 Accrued interest payable to the Federal Reserve Bank of New York (2) 706 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,349 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 29, 2011 Net portfolio holdings of Maiden Lane II LLC (1) 12,538 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 8,059 Accrued interest payable to the Federal Reserve Bank of New York (2) 525 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,088 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 29, 2011 Net portfolio holdings of Maiden Lane III LLC (1) 24,244 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 11,699 Accrued interest payable to the Federal Reserve Bank of New York (2) 625 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,452 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 29, 2011 Asset-backed securities holdings (1) 0 Other investments, net 757 Net portfolio holdings of TALF LLC 757 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) 108 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 29, 2011 Wednesday Wednesday Assets, liabilities, and capital Jun 22, 2011 Jun 30, 2010 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 2,114 - 12 + 139 Securities, repurchase agreements, and loans 2,655,462 + 7,786 + 527,759 Securities held outright (1) 2,642,617 + 7,963 + 582,739 U.S. Treasury securities 1,617,060 + 15,097 + 840,071 Bills (2) 18,423 0 0 Notes and bonds, nominal (2) 1,524,358 + 14,986 + 812,335 Notes and bonds, inflation-indexed (2) 65,296 0 + 24,171 Inflation compensation (3) 8,984 + 111 + 3,567 Federal agency debt securities (2) 116,704 - 1,661 - 48,058 Mortgage-backed securities (4) 908,853 - 5,473 - 209,274 Repurchase agreements (5) 0 0 0 Loans 12,845 - 177 - 54,980 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 0 0 - 1 Net portfolio holdings of Maiden Lane LLC (7) 23,849 + 35 - 4,649 Net portfolio holdings of Maiden Lane II LLC (8) 12,538 + 28 - 3,225 Net portfolio holdings of Maiden Lane III LLC (9) 24,244 + 6 + 1,036 Net portfolio holdings of TALF LLC (10) 757 0 + 251 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (11) 0 0 - 25,733 Items in process of collection (158) 238 - 23 - 26 Bank premises 2,210 0 - 25 Central bank liquidity swaps (12) 0 0 - 1,245 Other assets (13) 131,518 + 984 + 40,590 Total assets (158) 2,869,167 + 8,805 + 534,871 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 29, 2011 Wednesday Wednesday Assets, liabilities, and capital Jun 22, 2011 Jun 30, 2010 Liabilities Federal Reserve notes, net of F.R. Bank holdings 985,788 + 4,041 + 81,658 Reverse repurchase agreements (14) 66,607 + 1,254 - 616 Deposits (0) 1,741,700 + 3,857 + 451,901 Term deposits held by depository institutions 5,087 0 + 3,935 Other deposits held by depository institutions 1,622,395 + 25,429 + 650,058 U.S. Treasury, general account 105,582 - 24,112 + 17,967 U.S. Treasury, supplementary financing account 5,000 0 - 194,965 Foreign official 126 - 263 - 1,088 Other (0) 3,511 + 2,804 - 24,005 Deferred availability cash items (158) 1,478 + 98 - 734 Other liabilities and accrued dividends (15) 20,619 - 450 + 5,890 Total liabilities (158) 2,816,193 + 8,802 + 538,099 Capital accounts Capital paid in 26,487 + 2 - 133 Surplus 26,487 + 2 + 689 Other capital accounts 0 0 - 3,784 Total capital 52,974 + 3 - 3,228 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 29, 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 2,114 49 68 160 153 350 180 326 34 60 162 214 357 Securities, repurchase agreements, and loans 2,655,462 64,977 1,241,701 90,528 71,383 305,196 196,463 156,942 50,026 40,645 70,308 104,516 262,778 Securities held outright (1) 2,642,617 64,973 1,228,930 90,526 71,383 305,195 196,459 156,933 50,017 40,613 70,295 104,516 262,778 U.S. Treasury securities 1,617,060 39,758 752,002 55,394 43,680 186,754 120,216 96,030 30,606 24,852 43,015 63,955 160,798 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) 1,598,637 39,305 743,435 54,763 43,183 184,626 118,847 94,936 30,257 24,569 42,525 63,226 158,966 Federal agency debt securities (2) 116,704 2,869 54,272 3,998 3,152 13,478 8,676 6,931 2,209 1,794 3,104 4,616 11,605 Mortgage-backed securities (4) 908,853 22,345 422,656 31,134 24,550 104,963 67,567 53,973 17,202 13,968 24,176 35,945 90,375 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 12,845 4 12,770 2 1 0 4 9 9 32 13 1 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) 23,849 0 23,849 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (8) 12,538 0 12,538 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (9) 24,244 0 24,244 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF LLC (10) 757 0 757 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 396 28 0 78 83 8 20 38 6 46 16 18 55 Bank premises 2,210 123 256 68 138 236 218 209 136 106 262 247 211 Central bank liquidity swaps (12) 0 0 0 0 0 0 0 0 0 0 0 0 0 Other assets (13) 131,518 3,526 56,237 6,233 4,831 17,663 9,349 6,879 2,219 2,470 3,032 4,565 14,513 Interdistrict settlement account 0 - 10,855 + 255,303 + 2,516 - 5,518 - 83,915 - 43,976 - 7,033 - 11,552 - 19,778 - 17,456 - 11,503 - 46,232 Total assets 2,869,325 58,435 1,620,637 100,225 71,757 240,820 164,300 158,639 41,339 23,836 56,795 99,067 233,473 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 29, 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 1,144,078 43,215 386,045 47,120 54,686 92,641 139,658 89,831 33,594 19,445 32,082 75,249 130,511 Less: Notes held by F.R. Banks 158,290 4,729 41,508 5,679 7,839 12,364 25,063 12,856 4,222 5,487 3,067 10,875 24,602 Federal Reserve notes, net 985,788 38,486 344,537 41,441 46,847 80,276 114,594 76,976 29,372 13,958 29,015 64,374 105,910 Reverse repurchase agreements (14) 66,607 1,638 30,975 2,282 1,799 7,692 4,952 3,956 1,261 1,024 1,772 2,634 6,623 Deposits 1,741,700 16,134 1,214,083 51,146 18,614 140,610 41,082 75,749 10,006 6,535 25,188 30,856 111,698 Term deposits held by depository institutions 5,087 18 3,157 605 3 941 0 10 0 33 1 10 310 Other deposits held by depository institutions 1,622,395 16,112 1,096,864 50,537 18,607 139,591 41,080 75,714 9,981 6,500 25,186 30,845 111,377 U.S. Treasury, general account 105,582 0 105,582 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 126 1 98 4 3 8 2 1 0 1 0 1 6 Other 3,511 3 3,382 0 1 70 0 23 25 0 1 0 5 Deferred availability cash items 1,636 78 0 233 194 52 87 104 47 488 70 65 218 Interest on Federal Reserve notes due to U.S. Treasury (15) 1,411 31 685 39 34 150 111 84 26 21 39 58 136 Other liabilities and accrued dividends (16) 19,208 226 14,919 329 319 914 534 438 182 171 192 301 682 Total liabilities 2,816,350 56,592 1,605,199 95,470 67,807 229,694 161,360 157,306 40,894 22,196 56,275 98,288 225,267 Capital Capital paid in 26,487 921 7,719 2,377 1,975 5,563 1,470 667 222 820 260 389 4,103 Surplus 26,487 921 7,719 2,377 1,975 5,563 1,470 667 222 820 260 389 4,103 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 2,869,325 58,435 1,620,637 100,225 71,757 240,820 164,300 158,639 41,339 23,836 56,795 99,067 233,473 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 29, 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 29, 2011 Federal Reserve notes outstanding 1,144,078 Less: Notes held by F.R. Banks not subject to collateralization 158,290 Federal Reserve notes to be collateralized 985,788 Collateral held against Federal Reserve notes 985,788 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 969,551 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,642,617 Less: Face value of securities under reverse repurchase agreements 61,189 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,581,428 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.