For release at 4:30 P.M. Eastern time June 24, 2010 The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks," has been modified to include information on term deposits held by depository institutions. Term deposits are a new tool that the Federal Reserve could use to manage the aggregate quantity of reserve balances held by depository institutions. On May 28, 2010, the Federal Reserve announced a schedule for three small-value auctions of term deposits to be offered through its Term Deposit Facility (TDF). These auctions are intended to ensure the effective operation of the TDF and to help eligible institutions become familiar with the term deposit program. The first auction was conducted on June 14, 2010, and settlement occurred on June 17, 2010. The small-value TDF auctions are a matter of prudent planning and have no implications for the near-term conduct of monetary policy. Information on the amount of term deposits outstanding is presented in table 1, table 10, and table 11. The maturity distribution of term deposits is presented in table 2. FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks June 24, 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 23, 2010 Federal Reserve Banks Jun 23, 2010 Jun 16, 2010 Jun 24, 2009 Reserve Bank credit 2,328,149 + 6,310 + 331,596 2,327,716 Securities held outright (1) 2,071,086 + 6,581 + 864,031 2,071,244 U.S. Treasury securities 776,963 + 19 + 129,135 776,970 Bills (2) 18,423 0 0 18,423 Notes and bonds, nominal (2) 712,023 0 + 130,415 712,023 Notes and bonds, inflation-indexed (2) 41,125 0 - 1,678 41,125 Inflation compensation (3) 5,392 + 19 + 398 5,399 Federal agency debt securities (2) 165,699 - 871 + 73,586 165,614 Mortgage-backed securities (4) 1,128,424 + 7,433 + 661,310 1,128,661 Repurchase agreements (5) 0 0 0 0 Term auction credit 0 0 - 282,808 0 Other loans 69,425 - 944 - 54,278 68,376 Primary credit 151 + 47 - 38,944 142 Secondary credit 150 - 129 + 66 150 Seasonal credit 72 + 18 + 33 69 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 0 0 - 16,692 0 Credit extended to American International Group, Inc., net (6) 25,756 - 586 - 16,840 25,147 Term Asset-Backed Securities Loan Facility (7) 43,296 - 296 + 18,099 42,868 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (8) 1 0 - 128,072 1 Net portfolio holdings of Maiden Lane LLC (9) 28,413 + 16 + 2,537 28,417 Net portfolio holdings of Maiden Lane II LLC (10) 15,701 + 7 - 254 15,705 Net portfolio holdings of Maiden Lane III LLC (11) 23,194 + 24 + 3,050 23,199 Net portfolio holdings of TALF LLC (12) 490 + 12 + 490 506 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (13) 25,416 0 + 25,416 25,416 Float -1,721 - 26 + 47 -1,654 Central bank liquidity swaps (14) 1,245 + 3 - 120,345 1,245 Other Federal Reserve assets (15) 94,898 + 635 + 21,781 95,261 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 + 3,000 5,200 Treasury currency outstanding (16) 42,913 + 14 + 490 42,913 Total factors supplying reserve funds 2,387,303 + 6,324 + 335,085 2,386,870 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 23, 2010 Federal Reserve Banks Jun 23, 2010 Jun 16, 2010 Jun 24, 2009 Currency in circulation (16) 939,096 - 964 + 32,490 940,432 Reverse repurchase agreements (17) 60,731 - 1,317 - 11,082 60,306 Foreign official and international accounts 60,731 - 1,317 - 11,082 60,306 Dealers 0 0 0 0 Treasury cash holdings 222 + 10 - 92 229 Deposits with F.R. Banks, other than reserve balances 254,261 + 15,625 - 72,186 254,575 Term deposits held by depository institutions 1,152 + 1,152 + 1,152 1,152 U.S. Treasury, general account 45,852 + 16,653 - 72,819 46,350 U.S. Treasury, supplementary financing account 199,963 + 1 + 24 199,963 Foreign official 2,233 + 539 - 232 2,324 Service-related 2,475 - 73 - 1,718 2,475 Required clearing balances 2,475 - 73 - 1,718 2,475 Adjustments to compensate for float 0 0 0 0 Other 2,584 - 2,649 + 1,404 2,308 Other liabilities and capital (18) 72,553 - 1,384 + 18,100 71,551 Total factors, other than reserve balances, absorbing reserve funds 1,326,863 + 11,969 - 32,770 1,327,092 Reserve balances with Federal Reserve Banks 1,060,440 - 5,646 + 367,855 1,059,778 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 23, 2010 Memorandum item Jun 23, 2010 Jun 16, 2010 Jun 24, 2009 Marketable securities held in custody for foreign official and international accounts (1) 3,089,929 + 10,087 + 325,896 3,094,376 U.S. Treasury securities 2,263,272 - 2,145 + 306,626 2,264,207 Federal agency securities (2) 826,657 + 12,232 + 19,270 830,169 Securities lent to dealers 3,413 - 1,567 - 19,310 4,513 Overnight facility (3) 3,413 - 1,567 - 11,274 4,513 U.S. Treasury securities 2,224 - 1,595 - 12,463 3,165 Federal agency debt securities 1,188 + 27 + 1,188 1,348 Term facility (4) 0 0 - 8,036 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 23, 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) 352 9 0 68,015 0 ... 68,376 U.S. Treasury securities (2) Holdings 15,354 17,656 52,685 333,137 214,313 143,826 776,970 Weekly changes - 2,504 + 3,336 - 831 + 4 + 5 + 9 + 19 Federal agency debt securities (3) Holdings 852 10,657 35,740 82,470 33,548 2,347 165,614 Weekly changes - 592 + 2,023 - 2,023 0 0 0 - 592 Mortgage-backed securities (4) Holdings 0 0 0 31 20 1,128,610 1,128,661 Weekly changes 0 0 0 0 0 + 1,063 + 1,064 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) 60,306 0 ... ... ... ... 60,306 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 23, 2010 Mortgage-backed securities held outright (1) 1,128,661 Commitments to buy mortgage-backed securities (2) 16,987 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 443 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 23, 2010 Net portfolio holdings of Maiden Lane LLC (1) 28,417 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) 508 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,279 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 23, 2010 Net portfolio holdings of Maiden Lane II LLC (1) 15,705 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) 357 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 23, 2010 Net portfolio holdings of Maiden Lane III LLC (1) 23,199 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) 444 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,274 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 23, 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 23, 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 23, 2010 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (1) 25,416 Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC (2) 292 Preferred interests in AIA Aurora LLC (1) 16,266 Accrued dividends on preferred interests in AIA Aurora LLC (2) 187 Preferred interests in ALICO Holdings LLC (1) 9,150 Accrued dividends on preferred interests in ALICO Holdings LLC (2) 105 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 23, 2010 Wednesday Wednesday Assets, liabilities, and capital Jun 16, 2010 Jun 24, 2009 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 + 3,000 Coin 1,992 - 32 + 213 Securities, repurchase agreements, term auction credit, and other loans 2,139,620 - 1,001 + 507,109 Securities held outright (1) 2,071,244 + 490 + 854,200 U.S. Treasury securities 776,970 + 19 + 123,777 Bills (2) 18,423 0 0 Notes and bonds, nominal (2) 712,023 0 + 125,060 Notes and bonds, inflation-indexed (2) 41,125 0 - 1,678 Inflation compensation (3) 5,399 + 19 + 395 Federal agency debt securities (2) 165,614 - 592 + 68,988 Mortgage-backed securities (4) 1,128,661 + 1,064 + 661,435 Repurchase agreements (5) 0 0 0 Term auction credit 0 0 - 282,808 Other loans 68,376 - 1,491 - 64,283 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 1 0 - 124,031 Net portfolio holdings of Maiden Lane LLC (7) 28,417 + 4 + 2,532 Net portfolio holdings of Maiden Lane II LLC (8) 15,705 + 5 - 256 Net portfolio holdings of Maiden Lane III LLC (9) 23,199 + 6 + 3,040 Net portfolio holdings of TALF LLC (10) 506 + 28 + 506 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (11) 25,416 0 + 25,416 Items in process of collection (25) 244 - 63 - 235 Bank premises 2,236 + 1 + 34 Central bank liquidity swaps (12) 1,245 + 3 - 118,185 Other assets (13) 93,120 + 1,224 + 21,467 Total assets (25) 2,347,938 + 175 + 320,611 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 23, 2010 Wednesday Wednesday Assets, liabilities, and capital Jun 16, 2010 Jun 24, 2009 Liabilities Federal Reserve notes, net of F.R. Bank holdings 899,735 - 123 + 32,462 Reverse repurchase agreements (14) 60,306 + 864 - 11,635 Deposits (0) 1,314,448 + 609 + 283,181 Term deposits held by depository institutions 1,152 + 1,152 + 1,152 Other deposits held by depository institutions 1,062,348 + 41,670 + 317,175 U.S. Treasury, general account 46,350 - 39,421 - 32,497 U.S. Treasury, supplementary financing account 199,963 + 1 + 24 Foreign official 2,324 + 400 + 112 Other (0) 2,308 - 3,195 - 2,788 Deferred availability cash items (25) 1,898 - 443 - 659 Other liabilities and accrued dividends (15) 15,654 - 677 + 9,259 Total liabilities (25) 2,292,041 + 230 + 312,610 Capital accounts Capital paid in 26,245 + 6 + 1,997 Surplus 25,792 + 28 + 4,536 Other capital accounts 3,860 - 88 + 1,468 Total capital 55,897 - 55 + 8,001 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 23, 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 1,992 67 74 156 144 291 185 312 27 61 141 195 337 Securities, repurchase agreements, term auction credit, and other loans 2,139,620 52,418 913,342 48,384 70,372 235,921 196,013 156,178 53,378 28,381 71,060 86,979 227,194 Securities held outright (1) 2,071,244 52,416 845,177 48,370 70,372 235,892 195,997 156,144 53,352 28,355 71,052 86,973 227,145 U.S. Treasury securities 776,970 19,663 317,045 18,144 26,398 88,488 73,523 58,573 20,013 10,637 26,653 32,625 85,207 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) 758,547 19,196 309,527 17,714 25,772 86,390 71,780 57,184 19,539 10,384 26,021 31,852 83,187 Federal agency debt securities (2) 165,614 4,191 67,579 3,868 5,627 18,862 15,672 12,485 4,266 2,267 5,681 6,954 18,162 Mortgage-backed securities (4) 1,128,661 28,563 460,553 26,357 38,347 128,542 106,802 85,086 29,072 15,451 38,718 47,393 123,776 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 68,376 2 68,165 14 0 29 16 35 26 26 8 7 49 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) 28,417 0 28,417 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (8) 15,705 0 15,705 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (9) 23,199 0 23,199 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) 25,416 0 25,416 0 0 0 0 0 0 0 0 0 0 Items in process of collection 269 5 0 14 48 5 70 64 3 21 8 18 13 Bank premises 2,236 124 259 70 143 238 219 210 136 109 266 249 213 Central bank liquidity swaps (12) 1,245 46 361 136 93 347 77 30 12 35 10 17 82 Other assets (13) 93,120 2,632 35,582 4,233 4,094 14,435 7,947 5,714 2,004 1,621 2,554 3,225 9,079 Interdistrict settlement account 0 - 11,037 + 111,250 + 15,144 - 15,560 + 41,129 - 50,957 - 42,042 - 16,695 + 12,577 - 24,142 - 12,057 - 7,610 Total assets 2,347,962 44,820 1,159,969 68,751 60,034 293,623 155,593 121,778 39,338 43,098 50,347 79,561 231,052 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 23, 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 1,093,894 34,902 401,036 38,691 44,457 84,142 138,228 85,972 31,816 19,767 29,150 67,813 117,920 Less: Notes held by F.R. Banks 194,159 4,301 69,261 5,629 9,767 13,856 28,800 12,342 4,510 3,760 3,361 12,331 26,241 Federal Reserve notes, net 899,735 30,601 331,776 33,062 34,690 70,286 109,428 73,630 27,306 16,006 25,789 55,482 91,679 Reverse repurchase agreements (14) 60,306 1,526 24,608 1,408 2,049 6,868 5,707 4,546 1,553 826 2,069 2,532 6,613 Deposits 1,314,448 10,504 776,614 28,196 18,643 202,711 36,436 41,620 9,701 24,132 21,705 20,305 123,881 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 1,062,348 10,486 525,417 28,191 18,624 202,563 36,417 41,565 9,549 23,876 21,693 20,284 123,682 U.S. Treasury, general account 46,350 0 46,350 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 199,963 0 199,963 0 0 0 0 0 0 0 0 0 0 Foreign official 2,324 1 2,296 4 3 11 2 1 0 1 0 1 3 Other 2,308 9 2,201 0 1 52 0 40 2 0 1 0 2 Deferred availability cash items 1,923 56 0 176 465 73 116 131 47 344 85 77 353 Other liabilities and accrued dividends (15) 15,654 234 11,135 290 316 922 631 502 213 163 222 308 716 Total liabilities 2,292,066 42,921 1,144,133 63,133 56,164 280,861 152,317 120,429 38,820 41,471 49,870 78,704 223,242 Capital Capital paid in 26,245 916 7,549 2,801 1,907 5,439 1,546 614 239 803 212 396 3,823 Surplus 25,792 945 7,590 2,803 1,911 7,141 1,581 620 240 712 210 353 1,688 Other capital 3,860 37 697 14 53 182 149 114 39 112 56 107 2,299 Total liabilities and capital 2,347,962 44,820 1,159,969 68,751 60,034 293,623 155,593 121,778 39,338 43,098 50,347 79,561 231,052 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 23, 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 23, 2010 Federal Reserve notes outstanding 1,093,894 Less: Notes held by F.R. Banks not subject to collateralization 194,159 Federal Reserve notes to be collateralized 899,735 Collateral held against Federal Reserve notes 899,735 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 883,498 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,071,244 Less: Face value of securities under reverse repurchase agreements 59,096 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,012,148 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.