For release on June 15, 2010 The Board's H.4.1 statistical release ("Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks") for June 10, 2010 contained an error in table 3, which has been corrected. The amount of commitments to buy mortgage-backed securities was corrected from $49,554 million to $46,924 million, and the amount of commitments to sell mortgage-backed securities was corrected from $13,980 million to $11,350 million. FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks June 10, 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 9, 2010 Federal Reserve Banks Jun 9, 2010 Jun 2, 2010 Jun 10, 2009 Reserve Bank credit 2,313,588 - 6,168 + 287,873 2,313,939 Securities held outright (1) 2,057,291 + 63 + 923,767 2,057,322 U.S. Treasury securities 776,925 + 19 + 154,673 776,932 Bills (2) 18,423 0 0 18,423 Notes and bonds, nominal (2) 712,023 0 + 155,935 712,023 Notes and bonds, inflation-indexed (2) 41,125 0 - 1,678 41,125 Inflation compensation (3) 5,354 + 20 + 416 5,361 Federal agency debt securities (2) 166,715 - 95 + 82,859 166,715 Mortgage-backed securities (4) 1,113,651 + 138 + 686,235 1,113,675 Repurchase agreements (5) 0 0 0 0 Term auction credit 0 0 - 336,566 0 Other loans 70,966 - 487 - 48,644 70,791 Primary credit 105 - 573 - 36,769 85 Secondary credit 300 0 + 299 300 Seasonal credit 46 + 7 + 33 46 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 0 0 - 21,158 0 Credit extended to American International Group, Inc., net (6) 26,699 + 293 - 16,799 26,619 Term Asset-Backed Securities Loan Facility (7) 43,815 - 215 + 25,748 43,742 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (8) 1 0 - 140,826 1 Net portfolio holdings of Maiden Lane LLC (9) 28,371 + 33 + 2,532 28,394 Net portfolio holdings of Maiden Lane II LLC (10) 15,722 - 187 - 217 15,693 Net portfolio holdings of Maiden Lane III LLC (11) 23,110 - 277 + 3,234 23,166 Net portfolio holdings of TALF LLC (12) 478 0 + 478 478 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (13) 25,416 0 + 25,416 25,416 Float -2,005 - 289 + 181 -2,193 Central bank liquidity swaps (14) 1,242 - 5,400 - 164,614 1,242 Other Federal Reserve assets (15) 92,996 + 376 + 23,133 93,628 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 + 3,000 5,200 Treasury currency outstanding (16) 42,885 + 14 + 468 42,885 Total factors supplying reserve funds 2,372,714 - 6,154 + 291,341 2,373,065 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 9, 2010 Federal Reserve Banks Jun 9, 2010 Jun 2, 2010 Jun 10, 2009 Currency in circulation (16) 942,206 - 794 + 34,641 942,049 Reverse repurchase agreements (17) 60,790 + 1,647 - 6,318 60,763 Foreign official and international accounts 60,790 + 1,647 - 6,318 60,763 Dealers 0 0 0 0 Treasury cash holdings 212 + 6 - 87 211 Deposits with F.R. Banks, other than reserve balances 238,120 + 16 - 11,863 224,023 U.S. Treasury, general account 32,796 - 339 + 1,404 19,140 U.S. Treasury, supplementary financing account 199,960 + 2 + 24 199,960 Foreign official 1,877 - 108 - 180 2,022 Service-related 2,548 - 95 - 1,669 2,548 Required clearing balances 2,548 - 95 - 1,669 2,548 Adjustments to compensate for float 0 0 0 0 Other 940 + 557 - 11,441 354 Other liabilities and capital (18) 70,929 - 531 + 18,876 70,841 Total factors, other than reserve balances, absorbing reserve funds 1,312,258 + 345 + 35,249 1,297,887 Reserve balances with Federal Reserve Banks 1,060,456 - 6,498 + 256,091 1,075,178 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 9, 2010 Memorandum item Jun 9, 2010 Jun 2, 2010 Jun 10, 2009 Marketable securities held in custody for foreign official and international accounts (1) 3,075,891 + 30 + 326,295 3,073,270 U.S. Treasury securities 2,267,145 - 547 + 330,276 2,262,373 Federal agency securities (2) 808,746 + 578 - 3,981 810,897 Securities lent to dealers 5,266 - 485 - 22,213 5,198 Overnight facility (3) 5,266 - 485 - 4,806 5,198 U.S. Treasury securities 3,787 - 280 - 6,285 3,905 Federal agency debt securities 1,478 - 206 + 1,478 1,293 Term facility (4) 0 0 - 17,407 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 9, 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) 394 37 0 70,360 0 ... 70,791 U.S. Treasury securities (2) Holdings 12,889 19,693 53,514 332,921 214,182 143,734 776,932 Weekly changes - 3,520 + 3,520 + 2 + 4 + 5 + 8 + 19 Federal agency debt securities (3) Holdings 1,101 9,112 37,409 83,198 33,548 2,347 166,715 Weekly changes + 592 - 592 0 0 0 0 0 Mortgage-backed securities (4) Holdings 0 0 0 32 20 1,113,624 1,113,675 Weekly changes 0 0 0 0 0 + 61 + 61 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 1,242 0 0 0 0 1,242 Reverse repurchase agreements (7) 60,763 0 ... ... ... ... 60,763 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 9, 2010 Mortgage-backed securities held outright (1) 1,113,675 Commitments to buy mortgage-backed securities (2) 46,924 Commitments to sell mortgage-backed securities (2) 11,350 Cash and cash equivalents (3) 398 On 6/15/2010, the amount of commitments to buy mortgage-backed securities was corrected from $49,554 million to $46,924 million, and the amount of commitments to sell mortgage-backed securities was corrected from $13,980 million to $11,350 million. 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 9, 2010 Net portfolio holdings of Maiden Lane LLC (1) 28,394 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) 499 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,277 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 9, 2010 Net portfolio holdings of Maiden Lane II LLC (1) 15,693 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) 349 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 9, 2010 Net portfolio holdings of Maiden Lane III LLC (1) 23,166 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) 435 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,268 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 9, 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 9, 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 9, 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) 244 Preferred interests in AIA Aurora LLC (1) 16,266 Accrued dividends on preferred interests in AIA Aurora LLC (2) 156 Preferred interests in ALICO Holdings LLC (1) 9,150 Accrued dividends on preferred interests in ALICO Holdings LLC (2) 88 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 9, 2010 Wednesday Wednesday Assets, liabilities, and capital Jun 2, 2010 Jun 10, 2009 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 + 3,000 Coin 2,024 + 28 + 243 Securities, repurchase agreements, term auction credit, and other loans 2,128,113 - 165 + 525,080 Securities held outright (1) 2,057,322 + 80 + 914,847 U.S. Treasury securities 776,932 + 19 + 148,242 Bills (2) 18,423 0 0 Notes and bonds, nominal (2) 712,023 0 + 149,507 Notes and bonds, inflation-indexed (2) 41,125 0 - 1,678 Inflation compensation (3) 5,361 + 19 + 413 Federal agency debt securities (2) 166,715 0 + 80,346 Mortgage-backed securities (4) 1,113,675 + 61 + 686,259 Repurchase agreements (5) 0 0 0 Term auction credit 0 0 - 336,566 Other loans 70,791 - 244 - 53,201 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 1 0 - 138,439 Net portfolio holdings of Maiden Lane LLC (7) 28,394 + 27 + 2,512 Net portfolio holdings of Maiden Lane II LLC (8) 15,693 - 218 - 248 Net portfolio holdings of Maiden Lane III LLC (9) 23,166 - 235 + 3,156 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 (38) 226 - 177 - 366 Bank premises 2,233 + 1 + 37 Central bank liquidity swaps (12) 1,242 - 5,400 - 162,992 Other assets (13) 91,761 + 1,444 + 23,286 Total assets (38) 2,334,985 - 4,693 + 281,164 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 9, 2010 Wednesday Wednesday Assets, liabilities, and capital Jun 2, 2010 Jun 10, 2009 Liabilities Federal Reserve notes, net of F.R. Bank holdings 901,394 - 2,333 + 32,963 Reverse repurchase agreements (14) 60,763 + 1,647 - 6,280 Deposits (0) 1,299,568 - 3,710 + 236,240 Depository institutions 1,078,093 + 39,266 + 262,436 U.S. Treasury, general account 19,140 - 43,177 + 1,974 U.S. Treasury, supplementary financing account 199,960 + 2 + 24 Foreign official 2,022 + 198 - 487 Other (0) 354 + 3 - 27,707 Deferred availability cash items (38) 2,419 - 806 - 450 Other liabilities and accrued dividends (15) 15,297 - 78 + 9,255 Total liabilities (38) 2,279,442 - 5,279 + 271,728 Capital accounts Capital paid in 26,392 - 14 + 2,147 Surplus 25,693 + 28 + 5,278 Other capital accounts 3,458 + 572 + 2,011 Total capital 55,544 + 587 + 9,437 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 9, 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 2,024 67 75 161 143 290 183 311 28 62 141 197 366 Securities, repurchase agreements, term auction credit, and other loans 2,128,113 52,064 910,157 48,051 69,899 234,307 194,691 155,104 52,999 28,186 70,577 86,390 225,688 Securities held outright (1) 2,057,322 52,064 839,496 48,044 69,899 234,307 194,679 155,094 52,993 28,164 70,575 86,388 225,619 U.S. Treasury securities 776,932 19,662 317,029 18,144 26,397 88,484 73,519 58,570 20,012 10,636 26,652 32,624 85,203 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) 758,510 19,195 309,512 17,713 25,771 86,386 71,776 57,181 19,538 10,384 26,020 31,850 83,183 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) 1,113,675 28,183 454,438 26,008 37,838 126,836 105,384 83,956 28,686 15,246 38,204 46,764 122,132 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 70,791 0 70,660 6 0 0 12 10 6 21 3 3 70 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) 28,394 0 28,394 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (8) 15,693 0 15,693 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (9) 23,166 0 23,166 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 264 9 -96 18 49 7 49 142 3 21 9 30 23 Bank premises 2,233 123 259 70 143 238 219 210 136 109 266 249 212 Central bank liquidity swaps (12) 1,242 46 360 136 93 346 77 30 12 34 10 17 82 Other assets (13) 91,761 2,591 34,995 4,249 4,035 14,212 7,842 5,632 1,973 1,599 2,519 3,176 8,938 Interdistrict settlement account 0 - 7,921 + 96,361 + 18,444 - 11,251 + 42,508 - 45,422 - 37,986 - 14,851 + 14,985 - 20,623 - 11,644 - 22,600 Total assets 2,335,023 47,544 1,141,115 71,742 63,810 293,167 159,678 124,754 40,773 45,289 53,348 79,349 214,453 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 9, 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 1,086,960 34,986 401,043 38,738 44,670 84,462 136,869 86,299 32,036 19,931 29,333 65,356 113,239 Less: Notes held by F.R. Banks 185,566 3,990 63,362 5,501 9,807 13,378 29,451 11,898 4,451 2,979 3,350 12,005 25,393 Federal Reserve notes, net 901,394 30,996 337,680 33,237 34,862 71,084 107,417 74,401 27,585 16,951 25,983 53,351 87,846 Reverse repurchase agreements (14) 60,763 1,538 24,794 1,419 2,064 6,920 5,750 4,581 1,565 832 2,084 2,551 6,664 Deposits 1,299,568 12,805 751,780 30,918 22,151 201,450 42,482 43,779 10,838 25,390 24,475 22,162 111,337 Depository institutions 1,078,093 12,798 530,459 30,914 22,148 201,370 42,479 43,732 10,837 25,389 24,473 22,162 111,332 U.S. Treasury, general account 19,140 0 19,140 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 199,960 0 199,960 0 0 0 0 0 0 0 0 0 0 Foreign official 2,022 1 1,994 4 3 11 2 1 0 1 0 1 3 Other 354 6 228 0 0 69 0 45 1 0 1 0 2 Deferred availability cash items 2,457 86 0 224 567 98 162 171 62 366 120 119 480 Other liabilities and accrued dividends (15) 15,297 221 10,974 281 302 890 605 479 207 159 213 295 672 Total liabilities 2,279,479 45,647 1,125,229 66,079 59,947 280,443 156,416 123,410 40,257 43,698 52,875 78,479 206,999 Capital Capital paid in 26,392 916 7,548 2,948 1,907 5,441 1,547 614 239 803 211 396 3,823 Surplus 25,693 945 7,579 2,715 1,911 7,141 1,581 620 240 712 210 353 1,688 Other capital 3,458 37 758 0 46 142 134 110 38 76 52 122 1,944 Total liabilities and capital 2,335,023 47,544 1,141,115 71,742 63,810 293,167 159,678 124,754 40,773 45,289 53,348 79,349 214,453 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 9, 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 9, 2010 Federal Reserve notes outstanding 1,086,960 Less: Notes held by F.R. Banks not subject to collateralization 185,566 Federal Reserve notes to be collateralized 901,394 Collateral held against Federal Reserve notes 901,394 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 885,158 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,057,322 Less: Face value of securities under reverse repurchase agreements 59,730 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,997,592 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.