FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks June 3, 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 2, 2010 Federal Reserve Banks Jun 2, 2010 May 26, 2010 Jun 3, 2009 Reserve Bank credit 2,319,753 - 3,999 + 254,761 2,317,900 Securities held outright (1) 2,057,228 - 4,943 + 942,755 2,057,242 U.S. Treasury securities 776,906 + 44 + 170,748 776,913 Bills (2) 18,423 0 0 18,423 Notes and bonds, nominal (2) 712,023 0 + 172,001 712,023 Notes and bonds, inflation-indexed (2) 41,125 0 - 1,678 41,125 Inflation compensation (3) 5,334 + 44 + 424 5,342 Federal agency debt securities (2) 166,810 - 567 + 86,106 166,715 Mortgage-backed securities (4) 1,113,513 - 4,419 + 685,901 1,113,614 Repurchase agreements (5) 0 0 0 0 Term auction credit 0 0 - 372,540 0 Other loans 71,453 - 3,766 - 54,601 71,035 Primary credit 678 - 3,637 - 41,252 115 Secondary credit 300 - 100 + 299 300 Seasonal credit 39 - 9 + 27 42 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 0 0 - 25,093 0 Credit extended to American International Group, Inc., net (6) 26,406 + 273 - 17,172 26,624 Term Asset-Backed Securities Loan Facility (7) 44,030 - 292 + 28,590 43,955 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (8) 1 - 1 - 145,138 1 Net portfolio holdings of Maiden Lane LLC (9) 28,338 + 27 + 2,566 28,367 Net portfolio holdings of Maiden Lane II LLC (10) 15,909 + 53 - 351 15,911 Net portfolio holdings of Maiden Lane III LLC (11) 23,387 + 14 + 2,992 23,401 Net portfolio holdings of TALF LLC (12) 478 + 6 + 478 478 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (13) 25,416 0 + 25,416 25,416 Float -1,716 - 4 + 141 -2,823 Central bank liquidity swaps (14) 6,642 + 5,400 - 170,191 6,642 Other Federal Reserve assets (15) 92,618 - 785 + 23,235 92,229 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 + 3,000 5,200 Treasury currency outstanding (16) 42,871 + 14 + 538 42,871 Total factors supplying reserve funds 2,378,865 - 3,985 + 258,298 2,377,012 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 2, 2010 Federal Reserve Banks Jun 2, 2010 May 26, 2010 Jun 3, 2009 Currency in circulation (16) 943,000 + 5,311 + 34,202 944,394 Reverse repurchase agreements (17) 59,143 + 1,063 - 7,173 59,116 Foreign official and international accounts 59,143 + 1,063 - 7,173 59,116 Dealers 0 0 0 0 Treasury cash holdings 206 + 10 - 95 212 Deposits with F.R. Banks, other than reserve balances 238,104 + 7,623 - 1,382 267,094 U.S. Treasury, general account 33,135 + 7,058 + 562 62,317 U.S. Treasury, supplementary financing account 199,958 + 1 + 25 199,958 Foreign official 1,985 + 543 + 4 1,824 Service-related 2,643 0 - 1,581 2,643 Required clearing balances 2,643 0 - 1,581 2,643 Adjustments to compensate for float 0 0 0 0 Other 383 + 22 - 391 351 Other liabilities and capital (18) 71,460 - 241 + 19,570 70,333 Total factors, other than reserve balances, absorbing reserve funds 1,311,913 + 13,767 + 45,123 1,341,148 Reserve balances with Federal Reserve Banks 1,066,952 - 17,752 + 213,175 1,035,864 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 2, 2010 Memorandum item Jun 2, 2010 May 26, 2010 Jun 3, 2009 Marketable securities held in custody for foreign official and international accounts (1) 3,075,861 + 9,593 + 344,204 3,086,247 U.S. Treasury securities 2,267,692 + 3,178 + 348,602 2,277,323 Federal agency securities (2) 808,168 + 6,414 - 4,399 808,925 Securities lent to dealers 5,751 + 2,336 - 28,154 5,635 Overnight facility (3) 5,751 + 2,336 - 804 5,635 U.S. Treasury securities 4,067 + 1,961 - 2,488 4,053 Federal agency debt securities 1,684 + 374 + 1,684 1,582 Term facility (4) 0 0 - 27,350 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 2, 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) 425 32 0 70,579 0 ... 71,035 U.S. Treasury securities (2) Holdings 16,409 16,173 53,512 332,917 214,177 143,726 776,913 Weekly changes + 1,816 - 1,602 + 6,593 - 7,470 + 683 + 16 + 36 Federal agency debt securities (3) Holdings 509 9,704 37,409 83,198 33,548 2,347 166,715 Weekly changes - 153 - 509 0 0 0 0 - 662 Mortgage-backed securities (4) Holdings 0 0 0 32 20 1,113,563 1,113,614 Weekly changes 0 0 0 0 0 + 705 + 704 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) 5,400 1,242 0 0 0 0 6,642 Reverse repurchase agreements (7) 59,116 0 ... ... ... ... 59,116 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 2, 2010 Mortgage-backed securities held outright (1) 1,113,614 Commitments to buy mortgage-backed securities (2) 38,643 Commitments to sell mortgage-backed securities (2) 3,000 Cash and cash equivalents (3) 485 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 2, 2010 Net portfolio holdings of Maiden Lane LLC (1) 28,367 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) 495 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,275 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 2, 2010 Net portfolio holdings of Maiden Lane II LLC (1) 15,911 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 14,532 Accrued interest payable to the Federal Reserve Bank of New York (2) 346 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,051 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 2, 2010 Net portfolio holdings of Maiden Lane III LLC (1) 23,401 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 16,206 Accrued interest payable to the Federal Reserve Bank of New York (2) 431 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,264 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 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 2, 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 2, 2010 Asset-backed securities holdings (1) 0 Other investments, net 478 Net portfolio holdings of TALF LLC 478 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 2, 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) 219 Preferred interests in AIA Aurora LLC (1) 16,266 Accrued dividends on preferred interests in AIA Aurora LLC (2) 140 Preferred interests in ALICO Holdings LLC (1) 9,150 Accrued dividends on preferred interests in ALICO Holdings LLC (2) 79 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 2, 2010 Wednesday Wednesday Assets, liabilities, and capital May 26, 2010 Jun 3, 2009 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 + 3,000 Coin 1,996 - 18 + 211 Securities, repurchase agreements, term auction credit, and other loans 2,128,278 - 3,823 + 515,726 Securities held outright (1) 2,057,242 + 78 + 941,470 U.S. Treasury securities 776,913 + 36 + 170,745 Bills (2) 18,423 0 0 Notes and bonds, nominal (2) 712,023 0 + 172,001 Notes and bonds, inflation-indexed (2) 41,125 0 - 1,678 Inflation compensation (3) 5,342 + 36 + 421 Federal agency debt securities (2) 166,715 - 662 + 84,744 Mortgage-backed securities (4) 1,113,614 + 704 + 685,981 Repurchase agreements (5) 0 0 0 Term auction credit 0 0 - 372,540 Other loans 71,035 - 3,902 - 53,204 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 1 - 1 - 142,634 Net portfolio holdings of Maiden Lane LLC (7) 28,367 + 38 + 2,536 Net portfolio holdings of Maiden Lane II LLC (8) 15,911 + 1 - 352 Net portfolio holdings of Maiden Lane III LLC (9) 23,401 + 21 + 2,955 Net portfolio holdings of TALF LLC (10) 478 0 + 478 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (11) 25,416 0 + 25,416 Items in process of collection (89) 403 + 129 - 742 Bank premises 2,232 - 4 + 38 Central bank liquidity swaps (12) 6,642 + 5,400 - 169,100 Other assets (13) 90,317 + 428 + 22,906 Total assets (89) 2,339,678 + 2,171 + 260,437 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 2, 2010 Wednesday Wednesday Assets, liabilities, and capital May 26, 2010 Jun 3, 2009 Liabilities Federal Reserve notes, net of F.R. Bank holdings 903,727 + 3,945 + 34,953 Reverse repurchase agreements (14) 59,116 + 958 - 8,304 Deposits (0) 1,303,278 - 3,522 + 215,697 Depository institutions 1,038,827 - 49,576 + 194,150 U.S. Treasury, general account 62,317 + 45,589 + 24,683 U.S. Treasury, supplementary financing account 199,958 + 1 + 25 Foreign official 1,824 + 475 - 77 Other (0) 351 - 11 - 3,085 Deferred availability cash items (89) 3,225 + 1,133 - 226 Other liabilities and accrued dividends (15) 15,375 - 252 + 9,058 Total liabilities (89) 2,284,721 + 2,262 + 251,177 Capital accounts Capital paid in 26,406 - 10 + 2,340 Surplus 25,665 - 3 + 5,820 Other capital accounts 2,886 - 77 + 1,100 Total capital 54,957 - 91 + 9,260 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 2, 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 1,996 68 76 163 143 291 183 313 28 63 141 195 332 Securities, repurchase agreements, term auction credit, and other loans 2,128,278 52,063 910,343 48,050 69,896 234,298 194,697 155,102 52,998 28,183 70,574 86,387 225,688 Securities held outright (1) 2,057,242 52,062 839,464 48,043 69,896 234,298 194,672 155,088 52,991 28,163 70,572 86,385 225,610 U.S. Treasury securities 776,913 19,661 317,022 18,143 26,396 88,482 73,517 58,569 20,012 10,636 26,651 32,623 85,201 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) 758,491 19,195 309,504 17,713 25,770 86,384 71,774 57,180 19,537 10,384 26,019 31,849 83,181 Federal agency debt securities (2) 166,715 4,219 68,029 3,893 5,664 18,987 15,776 12,568 4,294 2,282 5,719 7,000 18,283 Mortgage-backed securities (4) 1,113,614 28,182 454,413 26,006 37,836 126,829 105,379 83,951 28,685 15,245 38,201 46,761 122,126 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 71,035 1 70,879 7 0 0 25 14 7 20 3 2 78 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) 28,367 0 28,367 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (8) 15,911 0 15,911 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (9) 23,401 0 23,401 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF LLC (10) 478 0 478 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 492 32 0 93 68 13 129 38 6 26 16 35 36 Bank premises 2,232 123 258 70 143 238 219 210 135 109 266 249 212 Central bank liquidity swaps (12) 6,642 245 1,928 726 495 1,849 410 160 62 184 54 91 437 Other assets (13) 90,317 2,564 34,398 4,118 3,998 14,078 7,710 5,525 1,964 1,586 2,471 3,119 8,786 Interdistrict settlement account 0 - 6,252 + 100,956 + 19,418 - 11,754 + 36,068 - 46,301 - 40,250 - 15,419 + 17,410 - 18,527 - 11,805 - 23,544 Total assets 2,339,767 49,408 1,147,388 73,252 63,689 288,093 159,085 122,409 40,248 47,854 55,445 79,205 213,691 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 2, 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 1,082,974 34,935 397,887 38,682 44,504 84,115 136,782 86,312 31,969 19,952 29,259 65,188 113,389 Less: Notes held by F.R. Banks 179,247 3,871 60,482 5,407 9,274 12,897 28,975 11,553 4,338 2,976 3,151 11,791 24,532 Federal Reserve notes, net 903,727 31,064 337,405 33,275 35,230 71,218 107,807 74,759 27,631 16,976 26,108 53,397 88,857 Reverse repurchase agreements (14) 59,116 1,496 24,122 1,381 2,008 6,733 5,594 4,457 1,523 809 2,028 2,482 6,483 Deposits 1,303,278 14,612 759,193 32,261 21,784 196,451 41,543 41,098 10,272 27,945 26,459 21,999 109,663 Depository institutions 1,038,827 14,599 494,921 32,256 21,781 196,351 41,540 41,053 10,270 27,944 26,457 21,998 109,657 U.S. Treasury, general account 62,317 0 62,317 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 199,958 0 199,958 0 0 0 0 0 0 0 0 0 0 Foreign official 1,824 1 1,795 4 3 11 2 1 0 1 0 1 3 Other 351 11 201 0 1 89 0 44 1 0 1 0 3 Deferred availability cash items 3,315 133 0 416 527 136 291 287 104 390 170 155 706 Other liabilities and accrued dividends (15) 15,375 227 10,995 280 303 914 607 485 209 158 215 298 684 Total liabilities 2,284,810 47,531 1,131,715 67,612 59,853 275,451 155,841 121,085 39,738 46,279 54,981 78,331 206,392 Capital Capital paid in 26,406 916 7,543 2,947 1,907 5,442 1,548 614 239 803 211 414 3,823 Surplus 25,665 945 7,574 2,692 1,910 7,141 1,581 620 240 712 210 353 1,688 Other capital 2,886 16 556 0 19 60 115 90 31 59 43 108 1,788 Total liabilities and capital 2,339,767 49,408 1,147,388 73,252 63,689 288,093 159,085 122,409 40,248 47,854 55,445 79,205 213,691 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 2, 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 2, 2010 Federal Reserve notes outstanding 1,082,974 Less: Notes held by F.R. Banks not subject to collateralization 179,247 Federal Reserve notes to be collateralized 903,727 Collateral held against Federal Reserve notes 903,727 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 887,490 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,057,242 Less: Face value of securities under reverse repurchase agreements 58,113 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,999,130 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.