FRB: H.4.1 Release--Factors Affecting Reserve Balances--February 24, 2011

FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
February 24, 2011

1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Feb 23, 2011
Federal Reserve Banks Feb 23, 2011 Feb 16, 2011 Feb 24, 2010

Reserve Bank credit 2,505,378 + 13,370 + 235,936 2,516,136
Securities held outright (1) 2,303,929 + 16,995 + 328,645 2,315,746
U.S. Treasury securities 1,201,400 + 22,198 + 424,843 1,213,425
Bills (2) 18,423 0 0 18,423
Notes and bonds, nominal (2) 1,122,726 + 20,988 + 413,854 1,134,743
Notes and bonds, inflation-indexed (2) 53,863 + 1,070 + 10,086 53,863
Inflation compensation (3) 6,389 + 141 + 904 6,397
Federal agency debt securities (2) 144,154 - 396 - 21,838 144,119
Mortgage-backed securities (4) 958,375 - 4,807 - 74,360 958,201
Repurchase agreements (5) 0 0 0 0
Term auction credit 0 0 - 15,425 0
Other loans 21,908 - 186 - 65,299 21,025
Primary credit 18 - 3 - 13,942 24
Secondary credit 0 0 - 814 0
Seasonal credit 3 + 3 + 3 4
Credit extended to American International
Group, Inc., net (6) 0 0 - 25,473 0
Term Asset-Backed Securities Loan Facility (7) 21,887 - 186 - 25,073 20,997
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper
Funding Facility LLC (8) 0 0 - 7,724 0
Net portfolio holdings of Maiden Lane LLC (9) 26,033 - 295 - 1,178 26,035
Net portfolio holdings of Maiden Lane II LLC (10) 16,044 + 6 + 556 16,046
Net portfolio holdings of Maiden Lane III LLC (11) 22,815 - 115 + 422 22,820
Net portfolio holdings of TALF LLC (12) 691 + 5 + 341 703
Preferred interests in AIA Aurora LLC and ALICO
Holdings LLC (6) 0 0 - 25,106 0
Float -1,435 + 188 + 279 -2,300
Central bank liquidity swaps (13) 70 0 + 70 70
Other Federal Reserve assets (14) 115,325 - 3,225 + 20,358 115,991
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 43,661 + 14 + 918 43,661

Total factors supplying reserve funds 2,565,280 + 13,384 + 236,854 2,576,038

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 Feb 23, 2011
Federal Reserve Banks Feb 23, 2011 Feb 16, 2011 Feb 24, 2010

Currency in circulation (15) 995,357 + 6,386 + 63,714 997,233
Reverse repurchase agreements (16) 57,861 - 380 + 2,557 59,484
Foreign official and international accounts 57,861 - 380 + 2,557 59,484
Others 0 0 0 0
Treasury cash holdings 181 + 2 - 23 185
Deposits with F.R. Banks, other than reserve balances 173,510 - 35,240 + 128,217 156,108
Term deposits held by depository institutions 5,070 0 + 5,070 5,070
U.S. Treasury, general account 40,558 - 5,865 + 7,667 23,123
U.S. Treasury, supplementary financing account 124,976 - 24,996 + 119,976 124,976
Foreign official 130 - 16 - 3,862 129
Service-related 2,326 - 1 - 420 2,326
Required clearing balances 2,326 - 1 - 420 2,326
Adjustments to compensate for float 0 0 0 0
Other 451 - 4,362 - 213 485
Funds from American International Group, Inc. asset
dispositions, held as agent (6) 0 0 0 0
Other liabilities and capital (17) 72,502 + 834 + 4,117 72,534

Total factors, other than reserve balances,
absorbing reserve funds 1,299,412 - 28,397 + 198,583 1,285,543

Reserve balances with Federal Reserve Banks 1,265,868 + 41,782 + 38,271 1,290,496

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

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
remaining principal balance of the underlying mortgages.
5. Cash value of agreements.
6. As a result of the closing of the American International Group, Inc. (AIG) recapitalization plan on
January 14, 2011, the credit extended to AIG was fully repaid and the Federal Reserve's commitment to lend
any further funds was terminated. In addition, the Federal Reserve Bank of New York (FRBNY) has been paid
in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. The funds from AIG asset
dispositions that FRBNY held as agent were the source of repayment of the credit extended to AIG, as well
as a portion of the FRBNY's preferred interests in ALICO Holdings LLC. The remaining FRBNY preferred
interests in ALICO Holdings LLC and AIA Aurora LLC, valued at approximately $20 billion, were purchased by
AIG through a draw on the Treasury's Series F preferred stock commitment and then transferred by AIG to
the Treasury as consideration for the draw on the available Series F funds.
7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term
Asset-Backed Securities Loan Facility.
8. Includes the book value of the commercial paper, net of amortized costs and related fees, and other
investments held by the Commercial Paper Funding Facility LLC.
9. Refer to table 4 and the note on consolidation accompanying table 9.
10. Refer to table 5 and the note on consolidation accompanying table 9.
11. Refer to table 6 and the note on consolidation accompanying table 9.
12. Refer to table 7 and the note on consolidation accompanying table 9.
13. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
the foreign currency is returned to the foreign central bank. This exchange rate equals the market
exchange rate used when the foreign currency was acquired from the foreign central bank.
14. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange
rates, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the
Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on
January 14, 2011, included accrued dividends on the FRBNY's preferred interests in AIA Aurora LLC and
ALICO Holdings LLC.
15. Estimated.
16. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
securities, and mortgage-backed securities.
17. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to
entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only
to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation
accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S.
Treasury. Refer to table 8 and table 9.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.

1A. Memorandum Items
Millions of dollars
Averages of daily figures Wednesday
Week ended Change from week ended Feb 23, 2011
Memorandum item Feb 23, 2011 Feb 16, 2011 Feb 24, 2010

Marketable securities held in custody for foreign
official and international accounts (1) 3,388,098 + 4,146 + 423,532 3,390,855
U.S. Treasury securities 2,627,399 + 775 + 430,664 2,629,473
Federal agency securities (2) 760,698 + 3,370 - 7,133 761,382
Securities lent to dealers 14,919 - 3,774 + 9,840 14,209
Overnight facility (3) 14,919 - 3,774 + 9,840 14,209
U.S. Treasury securities 13,725 - 3,570 + 9,442 12,835
Federal agency debt securities 1,194 - 205 + 398 1,374

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

1. Face value of the securities. Includes U.S. Treasury STRIPS and other zero-coupon bonds at face value and
mortgage-backed securities at original face value.
2. Includes debt and mortgage-backed securities.
3. Fully collateralized by U.S. Treasury securities.

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, February 23, 2011
Millions of dollars
Within 15 16 days to 91 days to Over 1 year Over 5 years Over 10 All
Remaining maturity days 90 days 1 year to 5 years to 10 years years

Other loans (1) 28 0 0 20,997 0 ... 21,025
U.S. Treasury securities (2)
Holdings 20,574 18,186 61,118 507,120 435,528 170,899 1,213,425
Weekly changes + 2,157 - 2,155 0 + 6,693 + 17,030 - 641 + 23,084
Federal agency debt securities (3)
Holdings 870 24,156 18,276 69,499 28,971 2,347 144,119
Weekly changes - 246 + 1,665 - 1,665 0 0 0 - 246
Mortgage-backed securities (4)
Holdings 0 0 0 22 22 958,158 958,201
Weekly changes 0 0 0 0 0 - 242 - 243
Asset-backed securities held by
TALF LLC (5) 0 0 0 0 0 0 0
Repurchase agreements (6) 0 0 ... ... ... ... 0
Central bank liquidity swaps (7) 70 0 0 0 0 0 70

Reverse repurchase agreements (6) 59,484 0 ... ... ... ... 59,484
Term deposits 5,070 0 0 ... ... ... 5,070

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

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III
LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation
under generally accepted accounting principles.
2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of
inflation on the original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal
balance of the underlying mortgages.
5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.
6. Cash value of agreements.
7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency
is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was
acquired from the foreign central bank.

3. Supplemental Information on Mortgage-Backed Securities Purchase Program
Millions of dollars
Wednesday
Account name Feb 23, 2011

Mortgage-backed securities held outright (1) 958,201

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

Cash and cash equivalents (3) 0

1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal
balance of the underlying mortgages.
2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls,
and coupon swaps.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8 and table 9.

4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Wednesday
Account name Feb 23, 2011

Net portfolio holdings of Maiden Lane LLC (1) 26,035

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 24,022
Accrued interest payable to the Federal Reserve Bank of New York (2) 646
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,325

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, 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 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
and accrued dividends in table 8 and table 9.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of
section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to
manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets.
Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses
of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to
JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.

5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Wednesday
Account name Feb 23, 2011

Net portfolio holdings of Maiden Lane II LLC (1) 16,046

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 12,551
Accrued interest payable to the Federal Reserve Bank of New York (2) 476
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,076

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, 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 9.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of
American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued
interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table
8 and table 9.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential
mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group,
Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred
payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.

6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Wednesday
Account name Feb 23, 2011

Net portfolio holdings of Maiden Lane III LLC (1) 22,820

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 12,434
Accrued interest payable to the Federal Reserve Bank of New York (2) 570
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,391

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector
collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written
credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the
related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to
AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.

7. Information on Principal Accounts of TALF LLC
Millions of dollars
Wednesday
Account name Feb 23, 2011

Asset-backed securities holdings (1) 0
Other investments, net 703
Net portfolio holdings of TALF LLC 703

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) 106

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
be conducted in an orderly market on the measurement date.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF)
under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New
York (FRBNY) extends loans with a term of up to five years to holders of eligible asset-backed securities. The TALF is intended to
assist financial markets in accommodating the credit needs of consumers and businesses by facilitating the issuance of asset-backed
securities collateralized by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are
non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The loans
are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial
risk of a decline in the value of the security.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in
connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed
securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest.
Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF
LLC, by the interest received on investments of TALF LLC, by up to $4.3 billion in subordinated debt funding provided by the U.S.
Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio
holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S.
Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the
U.S. Treasury.

8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Eliminations from Wednesday Change since
consolidation Feb 23, 2011 Wednesday Wednesday
Assets, liabilities, and capital Feb 16, 2011 Feb 24, 2010

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 2,260 - 29 + 94
Securities, repurchase agreements, term auction
credit, and other loans 2,336,771 + 21,542 + 259,678
Securities held outright (1) 2,315,746 + 22,596 + 340,105
U.S. Treasury securities 1,213,425 + 23,084 + 436,876
Bills (2) 18,423 0 0
Notes and bonds, nominal (2) 1,134,743 + 23,058 + 425,871
Notes and bonds, inflation-indexed (2) 53,863 0 + 10,086
Inflation compensation (3) 6,397 + 26 + 920
Federal agency debt securities (2) 144,119 - 246 - 22,414
Mortgage-backed securities (4) 958,201 - 243 - 74,359
Repurchase agreements (5) 0 0 0
Term auction credit 0 0 - 15,425
Other loans 21,025 - 1,053 - 65,001
Net portfolio holdings of Commercial Paper
Funding Facility LLC (6) 0 0 - 7,734
Net portfolio holdings of Maiden Lane LLC (7) 26,035 + 3 - 1,180
Net portfolio holdings of Maiden Lane II LLC (8) 16,046 + 3 + 554
Net portfolio holdings of Maiden Lane III LLC (9) 22,820 + 6 + 421
Net portfolio holdings of TALF LLC (10) 703 + 17 + 331
Preferred interests in AIA Aurora LLC and ALICO
Holdings LLC (11) 0 0 - 25,106
Items in process of collection (138) 229 + 38 - 181
Bank premises 2,219 + 2 - 23
Central bank liquidity swaps (12) 70 0 + 70
Other assets (13) 113,786 + 2,887 + 20,747

Total assets (138) 2,537,175 + 24,467 + 247,671

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Eliminations from Wednesday Change since
consolidation Feb 23, 2011 Wednesday Wednesday
Assets, liabilities, and capital Feb 16, 2011 Feb 24, 2010

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 956,012 + 4,583 + 63,950
Reverse repurchase agreements (14) 59,484 + 1,658 + 2,921
Deposits (0) 1,446,617 + 16,383 + 174,405
Term deposits held by depository institutions 5,070 0 + 5,070
Other deposits held by depository institutions 1,292,835 + 72,775 + 43,912
U.S. Treasury, general account 23,123 - 31,438 + 10,201
U.S. Treasury, supplementary financing account 124,976 - 24,996 + 119,976
Foreign official 129 + 11 - 4,504
Other (0) 485 + 31 - 248
Deferred availability cash items (138) 2,528 + 550 + 394
Other liabilities and accrued dividends (15) 19,499 + 1,282 + 6,250

Total liabilities (138) 2,484,141 + 24,457 + 247,922

Capital accounts
Capital paid in 26,517 + 5 + 719
Surplus 26,517 + 5 + 1,242
Other capital accounts 0 0 - 2,212

Total capital 53,035 + 11 - 250

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

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Includes the book value of the commercial paper, net of amortized costs and related fees, and other
investments held by the Commercial Paper Funding Facility LLC.
7. Refer to table 4 and the note on consolidation accompanying table 9.
8. Refer to table 5 and the note on consolidation accompanying table 9.
9. Refer to table 6 and the note on consolidation accompanying table 9.
10. Refer to table 7 and the note on consolidation accompanying table 9.
11. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank
of New York has been paid in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. A
portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were
held as agent by the Federal Reserve.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange
rate used when the foreign currency was acquired from the foreign central bank.
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates
and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to
eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG
recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY's preferred interests in
AIA Aurora LLC and ALICO Holdings LLC.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
securities, and mortgage-backed securities.
15. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to
entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to
the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation
accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S.
Treasury. Before the closing of the AIG recapitalization plan on January 14, 2011, included funds from
American International Group, Inc. asset dispositions, held as agent.

9. Statement of Condition of Each Federal Reserve Bank, February 23, 2011
Millions of dollars
Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
Assets, liabilities, and capital City Francisco

Assets
Gold certificate account 11,037 369 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 2,260 51 76 176 169 377 190 345 32 62 163 239 381
Securities, repurchase agreements,
term auction credit, and other
loans 2,336,771 58,604 965,944 54,098 78,679 263,738 219,133 174,576 59,651 31,708 79,439 97,239 253,960
Securities held outright (1) 2,315,746 58,604 944,947 54,079 78,679 263,738 219,133 174,576 59,649 31,702 79,439 97,239 253,959
U.S. Treasury securities 1,213,425 30,708 495,142 28,337 41,227 138,196 114,824 91,476 31,256 16,612 41,625 50,952 133,072
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) 1,195,003 30,242 487,624 27,907 40,601 136,098 113,080 90,087 30,781 16,359 40,993 50,179 131,051
Federal agency debt securities (2) 144,119 3,647 58,808 3,366 4,897 16,414 13,638 10,865 3,712 1,973 4,944 6,052 15,805
Mortgage-backed securities (4) 958,201 24,249 390,997 22,377 32,556 109,129 90,672 72,235 24,682 13,118 32,870 40,235 105,082
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 21,025 0 20,997 18 0 0 0 0 2 6 0 0 1
Net portfolio holdings of Commercial
Paper Funding Facility LLC (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane LLC (7) 26,035 0 26,035 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (8) 16,046 0 16,046 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (9) 22,820 0 22,820 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF LLC (10) 703 0 703 0 0 0 0 0 0 0 0 0 0
Preferred interests in AIA Aurora LLC
and ALICO Holdings LLC (11) 0 0 0 0 0 0 0 0 0 0 0 0 0
Items in process of collection 367 7 0 64 126 12 -23 27 10 51 31 23 38
Bank premises 2,219 126 257 68 140 238 217 208 136 107 264 246 213
Central bank liquidity swaps (12) 70 2 20 7 5 14 4 2 1 2 1 1 11
Other assets (13) 113,786 3,156 43,173 4,625 4,937 15,419 9,773 7,219 2,502 2,043 3,237 4,085 13,617
Interdistrict settlement account 0 - 5,732 + 223,539 + 45,320 - 22,572 - 43,911 - 64,941 - 41,682 - 20,719 - 4,804 - 23,449 - 7,593 - 33,456

Total assets 2,537,314 56,778 1,304,469 104,971 62,184 237,145 166,393 142,006 42,087 29,462 60,135 95,176 236,508

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

9. Statement of Condition of Each Federal Reserve Bank, February 23, 2011 (continued)
Millions of dollars
Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
Assets, liabilities, and capital City Francisco

Liabilities
Federal Reserve notes outstanding 1,115,072 41,330 379,315 46,133 46,310 90,505 139,510 85,628 32,180 19,715 32,975 75,310 126,160
Less: Notes held by F.R. Banks 159,059 4,741 48,144 4,905 8,368 12,339 21,710 11,511 3,805 5,331 3,407 10,277 24,522
Federal Reserve notes, net 956,012 36,589 331,171 41,228 37,942 78,165 117,800 74,117 28,375 14,384 29,568 65,033 101,638
Reverse repurchase agreements (14) 59,484 1,505 24,273 1,389 2,021 6,775 5,629 4,484 1,532 814 2,041 2,498 6,523
Deposits 1,446,617 16,481 919,320 56,507 17,589 140,231 39,031 61,307 11,402 12,001 27,587 26,357 118,805
Term deposits held by depository
institutions 5,070 14 2,651 800 10 515 0 293 50 16 3 0 719
Other deposits held by depository
institutions 1,292,835 16,464 768,213 55,702 17,575 139,607 39,029 60,980 11,298 11,981 27,582 26,356 118,048
U.S. Treasury, general account 23,123 0 23,123 0 0 0 0 0 0 0 0 0 0
U.S. Treasury, supplementary
financing account 124,976 0 124,976 0 0 0 0 0 0 0 0 0 0
Foreign official 129 1 100 4 3 8 2 1 0 1 0 1 6
Other 485 2 257 1 1 101 0 34 53 3 1 0 32
Deferred availability cash items 2,667 114 0 396 322 104 184 155 105 446 162 148 532
Interest on Federal Reserve notes due
to U.S. Treasury (15) 1,803 51 678 65 78 236 165 119 40 31 55 67 218
Other liabilities and accrued
dividends (16) 17,696 204 13,639 235 296 760 581 488 205 147 213 297 632

Total liabilities 2,484,279 54,944 1,289,081 99,820 58,248 226,270 163,390 140,671 41,658 27,823 59,626 94,399 228,349

Capital
Capital paid in 26,517 917 7,694 2,576 1,968 5,437 1,501 667 215 820 255 388 4,080
Surplus 26,517 917 7,694 2,576 1,968 5,437 1,501 667 215 820 255 388 4,080
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 2,537,314 56,778 1,304,469 104,971 62,184 237,145 166,393 142,006 42,087 29,462 60,135 95,176 236,508

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

9. Statement of Condition of Each Federal Reserve Bank, February 23, 2011 (continued)
1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper Funding Facility LLC.
7. Refer to table 4 and the note on consolidation below.
8. Refer to table 5 and the note on consolidation below.
9. Refer to table 6 and the note on consolidation below.
10. Refer to table 7 and the note on consolidation below.
11. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank of New York has been paid in full for its preferred interests in AIA Aurora LLC and ALICO
Holdings LLC. A portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were held as agent by the Federal Reserve.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals
the market exchange rate used when the foreign currency was acquired from the foreign central bank.
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank of New York
(FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on January 14, 2011, included accrued dividends on the
FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
15. Represents the estimated weekly remittances to U.S Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to
capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the
Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which
requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the
amount necessary to equate surplus with capital paid-in.
16. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have
recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below. Before the closing of the AIG recapitalization plan on January 14,
2011, included funds from American International Group, Inc. asset dispositions, held as agent.

Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was
extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector
collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan was extended to
Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc.
On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in
connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.

The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial
activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual
losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the
preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs
appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of
the LLCs, are included in other liabilities in this table (and table 1 and table 8).

10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Wednesday
Federal Reserve notes and collateral Feb 23, 2011

Federal Reserve notes outstanding 1,115,072
Less: Notes held by F.R. Banks not subject to collateralization 159,059
Federal Reserve notes to be collateralized 956,012
Collateral held against Federal Reserve notes 956,012
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 939,776
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,315,746
Less: Face value of securities under reverse repurchase agreements 58,155
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,257,590

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

1. Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright,
compensation to adjust for the effect of inflation on the original face value of inflation-indexed
securities, and cash value of repurchase agreements.
2. Includes securities lent to dealers under the overnight securities lending facility; refer to table
1A.

Statistical releases