FRB: H.4.1 Release--Factors Affecting Reserve Balances--April 1, 2010

For Release at
4:30 P.M. Eastern time
April 1, 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 reflect a revision to the loan
restructuring adjustment associated with the revolving credit extended to American International Group,
Inc. (AIG). In addition, the release has been modified to incorporate fair value adjustments associated
with the Term Asset-Backed Securities Loan Facility (TALF).

Consistent with generally accepted accounting principles (GAAP), the AIG revolving credit extension has
been reduced by a revision of $1,255 million to the loan restructuring adjustment. The restructuring
adjustment is related to the loan modification that eliminated the floor on the Libor rate, announced on
March 2, 2009, and that was first incorporated in reported figures beginning with the July 30, 2009, H.4.1
release. The restructuring adjustment recognizes the economic effect of the reduced interest rate on the
revolving credit facility and will be amortized over the remaining term of the credit extension. The revised
restructuring adjustment incorporates quarterly updates as of December 31, 2009, of estimates of factors
such as interest rates and future cash flow streams that are used to value the original loan restructuring
adjustment. The Federal Reserve expects that the credit extension, including interest and commitment fees
under the modified terms, will be fully repaid.

The weekly average balance of the credit extended to AIG shown in table 1 reflects holdings from March 25,
2010, through Wednesday, March 31, 2010.* The balance for the first six days of this reporting week reflects
the loan restructuring adjustment prior to its revision. The balance for the final day of the reporting week
reflects the revised loan restructuring adjustment.

Several items on the release have been modified to include fair value adjustments associated with the TALF.
A fair value adjustment to the TALF loans extended by FRBNY is recorded in "Other Federal Reserve assets" in
table 1 and "Other assets" in table 10 and in table 11. This fair value adjustment of $557 million reflects
the value of the future interest received by FRBNY that is paid to the TALF LLC to provide credit protection.
The adjustment is substantially offset by a corresponding increase in the fair value of the liability to the
U.S. Treasury related to its beneficial interest in the TALF LLC recorded in "Other liabilities and capital"
in table 1 and "Other liabilities" in table 10 and in table 11. The fair value adjustments associated with
the TALF will be updated quarterly.

* This cover note was revised to reflect the correct dates of the reporting week. The original cover note
listed the dates for the previous reporting week.

FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
April 1, 2010

1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Mar 31, 2010
Federal Reserve Banks Mar 31, 2010 Mar 24, 2010 Apr 1, 2009

Reserve Bank credit 2,290,403 - 7,424 + 244,230 2,289,758
Securities held outright (1) 2,014,288 - 3,372 +1,240,791 2,014,390
U.S. Treasury securities 776,691 + 38 + 290,472 776,705
Bills (2) 18,423 0 0 18,423
Notes and bonds, nominal (2) 708,872 0 + 284,513 708,872
Notes and bonds, inflation-indexed (2) 43,777 0 + 4,399 43,777
Inflation compensation (3) 5,619 + 38 + 1,559 5,633
Federal agency debt securities (2) 168,988 + 1,500 + 118,135 168,988
Mortgage-backed securities (4) 1,068,609 - 4,910 + 832,185 1,068,697
Repurchase agreements (5) 0 0 0 0
Term auction credit 3,410 0 - 463,868 3,410
Other loans 81,814 - 2,697 - 53,478 80,711
Primary credit 7,664 - 3,086 - 52,071 7,508
Secondary credit 600 0 + 600 600
Seasonal credit 4 - 2 + 1 5
Primary dealer and other broker-dealer credit (6) 0 0 - 19,488 0
Asset-Backed Commercial Paper Money Market
Mutual Fund Liquidity Facility 0 0 - 6,650 0
Credit extended to American International
Group, Inc., net (7) 26,222 + 1,039 - 18,490 25,377
Term Asset-Backed Securities Loan Facility (8) 47,324 - 648 + 42,621 47,221
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper
Funding Facility LLC (9) 7,779 + 12 - 236,518 7,786
Net portfolio holdings of Maiden Lane LLC (10) 27,323 + 32 + 1,028 27,364
Net portfolio holdings of Maiden Lane II LLC (11) 15,352 + 13 - 3,106 15,405
Net portfolio holdings of Maiden Lane III LLC (12) 22,143 + 7 - 5,504 22,150
Net portfolio holdings of TALF LLC (13) 404 + 4 + 404 404
Preferred interests in AIA Aurora LLC and ALICO
Holdings LLC (14) 25,150 + 44 + 25,150 25,416
Float -1,700 - 80 + 587 -1,625
Central bank liquidity swaps (15) 0 0 - 309,828 0
Other Federal Reserve assets (16) 94,440 - 1,389 + 48,573 94,346
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 + 3,000 5,200
Treasury currency outstanding (17) 42,839 + 14 + 578 42,839

Total factors supplying reserve funds 2,349,483 - 7,410 + 247,808 2,348,838

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 Mar 31, 2010
Federal Reserve Banks Mar 31, 2010 Mar 24, 2010 Apr 1, 2009

Currency in circulation (17) 932,786 + 92 + 30,182 934,684
Reverse repurchase agreements (18) 56,599 + 187 - 12,887 57,766
Foreign official and international accounts 56,599 + 187 - 12,887 57,766
Dealers 0 0 0 0
Treasury cash holdings 224 + 6 - 87 223
Deposits with F.R. Banks, other than reserve balances 168,898 - 4,187 - 100,937 240,316
U.S. Treasury, general account 35,896 - 31,707 - 11,233 91,519
U.S. Treasury, supplementary financing account 124,979 + 24,996 - 74,955 124,979
Foreign official 2,256 - 161 + 1,146 1,668
Service-related 2,687 - 6 - 1,741 2,687
Required clearing balances 2,687 - 6 - 1,741 2,687
Adjustments to compensate for float 0 0 0 0
Other 3,080 + 2,692 - 14,155 19,463
Other liabilities and capital (19) 65,948 - 1,120 + 10,474 64,994

Total factors, other than reserve balances,
absorbing reserve funds 1,224,455 - 5,022 - 73,255 1,297,983

Reserve balances with Federal Reserve Banks 1,125,028 - 2,388 + 321,063 1,050,855

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 credit extended through the Primary Dealer Credit Facility and credit extended to certain other
broker-dealers.
7. Includes outstanding principal and capitalized interest net of unamortized deferred commitment fees and
allowance for loan restructuring. Excludes credit extended to consolidated LLCs.
8. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term
Asset-Backed Securities Loan Facility.
9. Refer to table 7 and the note on consolidation accompanying table 11.
10. Refer to table 4 and the note on consolidation accompanying table 11.
11. Refer to table 5 and the note on consolidation accompanying table 11.
12. Refer to table 6 and the note on consolidation accompanying table 11.
13. Refer to table 8 and the note on consolidation accompanying table 11.
14. Refer to table 9.
15. 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.
16. 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.
17. Estimated.
18. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt
securities.
19. 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 Mar 31, 2010
Memorandum item Mar 31, 2010 Mar 24, 2010 Apr 1, 2009

Marketable securities held in custody for foreign
official and international accounts (1) 3,019,750 + 7,238 + 410,421 3,025,268
U.S. Treasury securities 2,240,566 + 695 + 440,939 2,244,417
Federal agency securities (2) 779,185 + 6,544 - 30,518 780,850
Securities lent to dealers 7,124 + 2,925 - 83,612 13,504
Overnight facility (3) 7,124 + 2,925 + 2,038 13,504
U.S. Treasury securities 5,769 + 2,555 + 683 12,216
Federal agency debt securities 1,355 + 370 + 1,355 1,288
Term facility (4) 0 0 - 85,650 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 Term Auction Credit, Other Loans, and Securities, March 31, 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

Term auction credit 3,410 0 ... ... ... ... 3,410
Other loans (1) 8,110 4 0 72,598 0 ... 80,711
U.S. Treasury securities (2)
Holdings 18,140 18,694 48,552 331,962 215,414 143,942 776,705
Weekly changes - 493 - 3,496 + 4,934 - 2,015 + 1,091 + 16 + 38
Federal agency debt securities (3)
Holdings 85 4,141 32,267 95,618 34,530 2,347 168,988
Weekly changes + 85 + 767 - 852 + 1,500 0 0 + 1,500
Mortgage-backed securities (4)
Holdings 0 0 0 33 21 1,068,643 1,068,697
Weekly changes 0 0 0 - 1 0 - 5,103 - 5,103
Commercial paper held by
Commercial Paper Funding
Facility LLC (5) 0 2,966 0 ... ... ... 2,966
Asset-backed securities held by
TALF LLC (6) 0 0 0 0 0 0 0
Repurchase agreements (7) 0 0 ... ... ... ... 0

Reverse repurchase agreements (7) 57,766 0 ... ... ... ... 57,766

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.

3. Supplemental Information on Mortgage-Backed Securities Purchase Program
Millions of dollars
Wednesday
Account name Mar 31, 2010

Mortgage-backed securities held outright (1) 1,068,697

Commitments to buy mortgage-backed securities (2) 103,740
Commitments to sell mortgage-backed securities (2) 0

Cash and cash equivalents (3) 70

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 Mar 31, 2010

Net portfolio holdings of Maiden Lane LLC (1) 27,364

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) 457
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,264

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
December 31, 2009. 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 Mar 31, 2010

Net portfolio holdings of Maiden Lane II LLC (1) 15,405

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 14,970
Accrued interest payable to the Federal Reserve Bank of New York (2) 313
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,045

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
December 31, 2009. 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 Mar 31, 2010

Net portfolio holdings of Maiden Lane III LLC (1) 22,150

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 16,929
Accrued interest payable to the Federal Reserve Bank of New York (2) 394
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,235

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 Mar 31, 2010

Commercial paper holdings, net (1) 2,916
Other investments, net 4,870
Net portfolio holdings of Commercial Paper Funding Facility LLC 7,786

Memorandum: Commercial paper holdings, face value 2,966

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 2,942
Accrued interest payable to the Federal Reserve Bank of New York (2) 1

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 Mar 31, 2010

Asset-backed securities holdings (1) 0
Other investments, net 404
Net portfolio holdings of TALF LLC 404

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) 103

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 Mar 31, 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) 0

Preferred interests in AIA Aurora LLC (1) 16,266
Accrued dividends on preferred interests in AIA Aurora LLC (2) 0

Preferred interests in ALICO Holdings LLC (1) 9,150
Accrued dividends on preferred interests in ALICO Holdings LLC (2) 0

Note: Components may not sum to totals because of rounding.

1. Book value.
2. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 10 and table 11.

Note on preferred interests:

In conjunction with the restructuring of the government's assistance to American International Group, Inc. (AIG) announced March 2,
2009, the outstanding balance and amount available of revolving credit provided to AIG by the FRBNY has been reduced in exchange for
preferred interests in two special purpose vehicles, AIA Aurora LLC and ALICO Holdings LLC. These two limited liability companies
were created to directly or indirectly hold all of the outstanding common stock of American International Assurance Company Ltd.
(AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG. AIG will retain control of AIA Aurora LLC
and ALICO Holdings LLC, and the FRBNY will have certain consent, disposition, and conversion rights with respect to its preferred
interests.

Dividends accrue as a percentage of the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. On a quarterly basis,
the accrued dividends are capitalized and added to the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC.

10. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Eliminations from Wednesday Change since
consolidation Mar 31, 2010 Wednesday Wednesday
Assets, liabilities, and capital Mar 24, 2010 Apr 1, 2009

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 + 3,000
Coin 2,083 - 15 + 246
Securities, repurchase agreements, term auction
credit, and other loans 2,098,511 - 5,103 + 715,566
Securities held outright (1) 2,014,390 - 3,565 +1,231,807
U.S. Treasury securities 776,705 + 38 + 284,375
Bills (2) 18,423 0 0
Notes and bonds, nominal (2) 708,872 0 + 278,418
Notes and bonds, inflation-indexed (2) 43,777 0 + 4,399
Inflation compensation (3) 5,633 + 38 + 1,557
Federal agency debt securities (2) 168,988 + 1,500 + 115,372
Mortgage-backed securities (4) 1,068,697 - 5,103 + 832,060
Repurchase agreements (5) 0 0 0
Term auction credit 3,410 0 - 463,868
Other loans 80,711 - 1,538 - 52,373
Net portfolio holdings of Commercial Paper
Funding Facility LLC (6) 7,786 + 10 - 241,945
Net portfolio holdings of Maiden Lane LLC (7) 27,364 + 47 + 1,028
Net portfolio holdings of Maiden Lane II LLC (8) 15,405 + 62 - 3,111
Net portfolio holdings of Maiden Lane III LLC (9) 22,150 + 8 - 5,511
Net portfolio holdings of TALF LLC (10) 404 0 + 404
Preferred interests in AIA Aurora LLC and ALICO
Holdings LLC (11) 25,416 + 310 + 25,416
Items in process of collection (51) 496 + 311 + 11
Bank premises 2,241 + 2 + 58
Central bank liquidity swaps (12) 0 0 - 308,792
Other assets (13) 92,439 - 1,625 + 43,747

Total assets (51) 2,310,533 - 5,992 + 230,118

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 Mar 31, 2010 Wednesday Wednesday
Assets, liabilities, and capital Mar 24, 2010 Apr 1, 2009

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 894,146 + 1,111 + 29,629
Reverse repurchase agreements (14) 57,766 + 3,047 - 10,140
Deposits (0) 1,291,505 - 9,379 + 201,589
Depository institutions 1,053,876 - 93,871 + 216,413
U.S. Treasury, general account 91,519 + 41,415 + 53,765
U.S. Treasury, supplementary financing account 124,979 + 24,996 - 74,955
Foreign official 1,668 - 752 + 822
Other (0) 19,463 + 18,834 + 5,544
Deferred availability cash items (51) 2,122 - 23 - 1,146
Other liabilities and accrued dividends (15) 12,755 + 51 + 3,487

Total liabilities (51) 2,258,294 - 5,193 + 223,420

Capital accounts
Capital paid in 26,255 + 8 + 3,695
Surplus 24,845 - 476 + 3,689
Other capital accounts 1,138 - 331 - 686

Total capital 52,239 - 798 + 6,699

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, March 31, 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 11,037 412 3,895 450 467 882 1,356 911 329 197 335 621 1,182
Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574
Coin 2,083 75 79 168 152 312 191 326 24 66 143 205 342
Securities, repurchase agreements,
term auction credit, and other
loans 2,098,511 38,656 869,637 31,340 79,658 72,777 242,869 218,346 78,965 33,371 90,933 97,403 244,556
Securities held outright (1) 2,014,390 38,642 787,376 31,251 79,585 72,593 242,706 217,979 78,916 33,349 90,928 97,399 243,667
U.S. Treasury securities 776,705 14,900 303,595 12,050 30,686 27,990 93,582 84,048 30,428 12,859 35,060 37,555 93,953
Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228
Notes and bonds (3) 758,282 14,546 296,394 11,764 29,958 27,326 91,363 82,054 29,707 12,554 34,228 36,664 91,724
Federal agency debt securities (2) 168,988 3,242 66,053 2,622 6,676 6,090 20,361 18,286 6,620 2,798 7,628 8,171 20,441
Mortgage-backed securities (4) 1,068,697 20,501 417,727 16,580 42,222 38,513 128,763 115,645 41,867 17,693 48,240 51,673 129,273
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Term auction credit 3,410 0 1,845 20 74 160 125 294 28 5 5 0 854
Other loans 80,711 14 80,417 68 0 25 38 73 21 17 0 4 35
Net portfolio holdings of Commercial
Paper Funding Facility LLC (6) 7,786 0 7,786 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane LLC (7) 27,364 0 27,364 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (8) 15,405 0 15,405 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (9) 22,150 0 22,150 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF LLC (10) 404 0 404 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 547 107 0 21 62 5 13 16 4 56 11 24 229
Bank premises 2,241 122 262 70 143 239 220 210 136 109 266 251 213
Central bank liquidity swaps (12) 0 0 0 0 0 0 0 0 0 0 0 0 0
Other assets (13) 92,439 2,228 33,823 3,783 4,487 9,383 9,611 7,826 2,880 1,818 3,240 3,608 9,753
Interdistrict settlement account 0 + 21,414 + 148,176 + 40,767 - 23,030 + 145,997 - 99,320 - 93,067 - 41,414 - 852 - 39,356 - 23,932 - 35,383

Total assets 2,310,584 63,209 1,156,216 76,808 62,176 230,008 155,593 134,993 41,073 34,856 55,725 78,461 221,466

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, March 31, 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 1,077,578 35,013 391,043 38,382 44,420 83,588 137,326 86,329 32,401 20,129 28,388 65,501 115,056
Less: Notes held by F.R. Banks 183,432 4,351 62,127 5,669 8,474 10,355 32,939 11,477 4,245 2,897 3,321 12,809 24,769
Federal Reserve notes, net 894,146 30,662 328,916 32,714 35,945 73,233 104,387 74,853 28,157 17,233 25,068 52,692 90,287
Reverse repurchase agreements (14) 57,766 1,108 22,579 896 2,282 2,082 6,960 6,251 2,263 956 2,608 2,793 6,988
Deposits 1,291,505 29,327 781,290 37,245 19,216 141,800 40,132 51,774 9,841 14,719 27,264 21,725 117,170
Depository institutions 1,053,876 29,291 543,777 37,241 19,213 141,747 40,130 51,767 9,838 14,718 27,263 21,724 117,167
U.S. Treasury, general account 91,519 0 91,519 0 0 0 0 0 0 0 0 0 0
U.S. Treasury, supplementary
financing account 124,979 0 124,979 0 0 0 0 0 0 0 0 0 0
Foreign official 1,668 1 1,639 4 3 11 2 1 0 1 0 1 3
Other 19,463 35 19,375 0 0 42 0 6 2 0 1 0 0
Deferred availability cash items 2,172 53 0 179 596 74 138 135 50 358 82 88 420
Other liabilities and accrued
dividends (15) 12,755 181 8,858 211 287 508 629 553 239 146 231 292 621

Total liabilities 2,258,345 61,332 1,141,644 71,245 58,327 217,698 152,246 133,566 40,549 33,412 55,252 77,589 215,486

Capital
Capital paid in 26,255 914 7,563 2,951 1,898 5,344 1,596 645 234 713 209 408 3,781
Surplus 24,845 945 7,009 2,612 1,910 6,967 1,581 620 240 712 210 353 1,687
Other capital 1,138 18 0 0 41 0 170 162 49 19 54 112 511

Total liabilities and capital 2,310,584 63,209 1,156,216 76,808 62,176 230,008 155,593 134,993 41,073 34,856 55,725 78,461 221,466

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, March 31, 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 Mar 31, 2010

Federal Reserve notes outstanding 1,077,578
Less: Notes held by F.R. Banks not subject to collateralization 183,432
Federal Reserve notes to be collateralized 894,146
Collateral held against Federal Reserve notes 894,146
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 877,909
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,014,390
Less: Face value of securities under reverse repurchase agreements 57,337
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,957,053

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.

Statistical releases