FRB: H.4.1 Release--Factors Affecting Reserve Balances--March 17, 2011

FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
March 17, 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 Mar 16, 2011
Federal Reserve Banks Mar 16, 2011 Mar 9, 2011 Mar 17, 2010

Reserve Bank credit 2,568,224 + 21,534 + 276,142 2,566,952
Securities held outright (1) 2,365,019 + 19,997 + 353,520 2,364,483
U.S. Treasury securities 1,274,961 + 22,121 + 498,346 1,280,386
Bills (2) 18,423 0 0 18,423
Notes and bonds, nominal (2) 1,194,090 + 21,169 + 485,218 1,199,490
Notes and bonds, inflation-indexed (2) 55,857 + 857 + 12,080 55,857
Inflation compensation (3) 6,592 + 95 + 1,049 6,616
Federal agency debt securities (2) 142,505 - 744 - 25,547 139,994
Mortgage-backed securities (4) 947,552 - 1,380 - 119,280 944,103
Repurchase agreements (5) 0 0 0 0
Term auction credit 0 0 - 3,410 0
Other loans 20,050 - 261 - 65,270 19,949
Primary credit 7 - 1 - 11,482 4
Secondary credit 0 0 - 600 0
Seasonal credit 9 + 1 0 9
Credit extended to American International
Group, Inc., net (6) 0 0 - 24,983 0
Term Asset-Backed Securities Loan Facility (7) 20,035 - 260 - 28,204 19,936
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper
Funding Facility LLC (8) 0 0 - 7,759 0
Net portfolio holdings of Maiden Lane LLC (9) 25,847 - 217 - 1,423 25,557
Net portfolio holdings of Maiden Lane II LLC (10) 15,892 + 2 + 560 15,896
Net portfolio holdings of Maiden Lane III LLC (11) 22,943 + 86 + 823 22,913
Net portfolio holdings of TALF LLC (12) 703 0 + 331 703
Preferred interests in AIA Aurora LLC and ALICO
Holdings LLC (6) 0 0 - 25,106 0
Float -1,442 + 395 + 388 -1,529
Central bank liquidity swaps (13) 0 0 0 0
Other Federal Reserve assets (14) 119,213 + 1,533 + 23,489 118,980
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 43,682 + 14 + 938 43,682

Total factors supplying reserve funds 2,628,147 + 21,549 + 277,080 2,626,875

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

1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Mar 16, 2011
Federal Reserve Banks Mar 16, 2011 Mar 9, 2011 Mar 17, 2010

Currency in circulation (15) 1,000,917 + 1,716 + 68,136 1,003,135
Reverse repurchase agreements (16) 59,154 + 2,870 + 2,905 62,287
Foreign official and international accounts 59,154 + 2,870 + 2,905 62,287
Others 0 0 0 0
Treasury cash holdings 204 + 8 + 1 210
Deposits with F.R. Banks, other than reserve balances 99,523 - 19,296 - 68,878 154,357
Term deposits held by depository institutions 0 - 5,070 0 0
U.S. Treasury, general account 42,088 + 6,247 - 10,079 101,471
U.S. Treasury, supplementary financing account 49,991 - 24,994 - 24,997 49,991
Foreign official 134 + 8 - 2,616 123
Service-related 2,314 - 6 - 376 2,314
Required clearing balances 2,314 - 6 - 376 2,314
Adjustments to compensate for float 0 0 0 0
Other 4,996 + 4,519 - 30,810 458
Funds from American International Group, Inc. asset
dispositions, held as agent (6) 0 0 0 0
Other liabilities and capital (17) 73,011 - 305 + 4,556 72,580

Total factors, other than reserve balances,
absorbing reserve funds 1,232,809 - 15,006 + 6,720 1,292,569

Reserve balances with Federal Reserve Banks 1,395,338 + 36,555 + 270,360 1,334,306

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 Mar 16, 2011
Memorandum item Mar 16, 2011 Mar 9, 2011 Mar 17, 2010

Marketable securities held in custody for foreign
official and international accounts (1) 3,401,266 + 4,531 + 404,573 3,409,877
U.S. Treasury securities 2,638,536 + 2,182 + 411,936 2,647,846
Federal agency securities (2) 762,730 + 2,349 - 7,363 762,031
Securities lent to dealers 14,306 - 2,680 + 9,084 13,210
Overnight facility (3) 14,306 - 2,680 + 9,084 13,210
U.S. Treasury securities 13,478 - 2,717 + 9,217 12,351
Federal agency debt securities 828 + 37 - 133 859

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, March 16, 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) 9 4 0 19,936 0 ... 19,949
U.S. Treasury securities (2)
Holdings 17,418 24,677 67,799 534,520 460,397 175,576 1,280,386
Weekly changes + 1,413 - 1,409 + 10,227 - 4,182 + 8,239 + 30 + 14,317
Federal agency debt securities (3)
Holdings 7,499 13,402 20,101 69,735 26,910 2,347 139,994
Weekly changes - 3,255 0 + 811 + 1,250 - 2,061 0 - 3,255
Mortgage-backed securities (4)
Holdings 0 0 0 21 24 944,059 944,103
Weekly changes 0 0 0 0 0 - 4,828 - 4,829
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) 0 0 0 0 0 0 0

Reverse repurchase agreements (6) 62,287 0 ... ... ... ... 62,287
Term deposits 0 0 0 ... ... ... 0

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 Mar 16, 2011

Mortgage-backed securities held outright (1) 944,103

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 Mar 16, 2011

Net portfolio holdings of Maiden Lane LLC (1) 25,557

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 23,470
Accrued interest payable to the Federal Reserve Bank of New York (2) 656
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,329

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 Mar 16, 2011

Net portfolio holdings of Maiden Lane II LLC (1) 15,896

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 12,353
Accrued interest payable to the Federal Reserve Bank of New York (2) 485
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,078

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 Mar 16, 2011

Net portfolio holdings of Maiden Lane III LLC (1) 22,913

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 12,346
Accrued interest payable to the Federal Reserve Bank of New York (2) 580
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,402

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 Mar 16, 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) 107

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 Mar 16, 2011 Wednesday Wednesday
Assets, liabilities, and capital Mar 9, 2011 Mar 17, 2010

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 2,207 - 21 + 93
Securities, repurchase agreements, term auction
credit, and other loans 2,384,432 + 6,006 + 285,361
Securities held outright (1) 2,364,483 + 6,233 + 353,927
U.S. Treasury securities 1,280,386 + 14,317 + 503,757
Bills (2) 18,423 0 0
Notes and bonds, nominal (2) 1,199,490 + 14,250 + 490,618
Notes and bonds, inflation-indexed (2) 55,857 0 + 12,080
Inflation compensation (3) 6,616 + 67 + 1,059
Federal agency debt securities (2) 139,994 - 3,255 - 27,494
Mortgage-backed securities (4) 944,103 - 4,829 - 122,337
Repurchase agreements (5) 0 0 0
Term auction credit 0 0 - 3,410
Other loans 19,949 - 227 - 65,156
Net portfolio holdings of Commercial Paper
Funding Facility LLC (6) 0 0 - 7,764
Net portfolio holdings of Maiden Lane LLC (7) 25,557 - 522 - 1,729
Net portfolio holdings of Maiden Lane II LLC (8) 15,896 + 5 + 558
Net portfolio holdings of Maiden Lane III LLC (9) 22,913 - 64 + 778
Net portfolio holdings of TALF LLC (10) 703 0 + 331
Preferred interests in AIA Aurora LLC and ALICO
Holdings LLC (11) 0 0 - 25,106
Items in process of collection (98) 189 + 9 - 154
Bank premises 2,217 + 3 - 22
Central bank liquidity swaps (12) 0 0 0
Other assets (13) 116,765 + 559 + 23,391

Total assets (98) 2,587,115 + 5,975 + 275,736

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 Mar 16, 2011 Wednesday Wednesday
Assets, liabilities, and capital Mar 9, 2011 Mar 17, 2010

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 961,867 + 1,912 + 68,602
Reverse repurchase agreements (14) 62,287 + 6,340 + 6,591
Deposits (0) 1,488,664 - 1,972 + 195,099
Term deposits held by depository institutions 0 - 5,070 0
Other deposits held by depository institutions 1,336,621 - 44,722 + 218,531
U.S. Treasury, general account 101,471 + 72,800 + 4,042
U.S. Treasury, supplementary financing account 49,991 - 24,994 - 24,997
Foreign official 123 - 1 - 2,623
Other (0) 458 + 15 + 147
Deferred availability cash items (98) 1,717 - 443 - 619
Other liabilities and accrued dividends (15) 20,013 + 644 + 7,076

Total liabilities (98) 2,534,549 + 6,482 + 276,750

Capital accounts
Capital paid in 26,283 - 253 + 62
Surplus 26,283 - 253 + 784
Other capital accounts 0 0 - 1,860

Total capital 52,566 - 507 - 1,014

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, March 16, 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 2,207 51 81 175 162 372 174 342 33 60 159 228 371
Securities, repurchase agreements,
term auction credit, and other
loans 2,384,432 59,837 984,770 55,218 80,335 269,289 223,746 178,250 60,905 32,373 81,116 99,286 259,306
Securities held outright (1) 2,364,483 59,837 964,834 55,218 80,335 269,289 223,745 178,250 60,905 32,369 81,111 99,286 259,304
U.S. Treasury securities 1,280,386 32,402 522,465 29,901 43,502 145,822 121,160 96,524 32,980 17,528 43,922 53,764 140,415
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) 1,261,963 31,936 514,948 29,470 42,876 143,724 119,417 95,135 32,506 17,276 43,290 52,990 138,395
Federal agency debt securities (2) 139,994 3,543 57,125 3,269 4,756 15,944 13,247 10,554 3,606 1,916 4,802 5,878 15,353
Mortgage-backed securities (4) 944,103 23,892 385,244 22,048 32,077 107,523 89,338 71,172 24,318 12,925 32,387 39,643 103,536
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 19,949 0 19,936 0 0 0 1 1 0 4 5 0 2
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) 25,557 0 25,557 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (8) 15,896 0 15,896 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (9) 22,913 0 22,913 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 287 4 0 45 58 6 29 20 10 35 23 27 30
Bank premises 2,217 125 257 68 139 238 217 208 136 107 264 246 212
Central bank liquidity swaps (12) 0 0 0 0 0 0 0 0 0 0 0 0 0
Other assets (13) 116,765 3,227 44,313 4,840 5,045 15,802 10,023 7,419 2,546 2,087 3,324 4,192 13,946
Interdistrict settlement account 0 - 6,354 + 231,732 + 50,535 - 15,885 - 66,083 - 62,116 - 41,352 - 22,180 - 3,757 - 24,295 - 7,244 - 33,000

Total assets 2,587,214 57,456 1,332,078 111,494 70,554 220,883 174,112 146,198 41,924 31,198 61,040 97,668 242,609

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, March 16, 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 1,116,409 42,905 379,382 46,105 46,410 89,959 140,285 85,435 31,986 19,608 32,702 75,782 125,851
Less: Notes held by F.R. Banks 154,542 4,800 44,059 5,197 7,720 12,009 21,289 12,181 3,963 5,181 3,109 11,088 23,947
Federal Reserve notes, net 961,867 38,106 335,323 40,907 38,690 77,950 118,996 73,253 28,024 14,428 29,593 64,694 101,903
Reverse repurchase agreements (14) 62,287 1,576 25,417 1,455 2,116 7,094 5,894 4,696 1,604 853 2,137 2,615 6,831
Deposits 1,488,664 15,614 941,461 63,683 25,165 123,840 45,348 66,185 11,548 13,735 28,416 29,116 124,553
Term deposits held by depository
institutions 0 0 0 0 0 0 0 0 0 0 0 0 0
Other deposits held by depository
institutions 1,336,621 15,611 789,662 63,679 25,162 123,758 45,346 66,150 11,492 13,731 28,402 29,115 124,515
U.S. Treasury, general account 101,471 0 101,471 0 0 0 0 0 0 0 0 0 0
U.S. Treasury, supplementary
financing account 49,991 0 49,991 0 0 0 0 0 0 0 0 0 0
Foreign official 123 1 95 4 3 8 2 1 0 1 0 1 6
Other 458 2 243 0 1 74 0 34 56 3 14 0 31
Deferred availability cash items 1,816 67 0 256 264 84 120 111 64 351 115 100 283
Interest on Federal Reserve notes due
to U.S. Treasury (15) 2,176 50 773 336 77 244 174 123 41 16 56 65 219
Other liabilities and accrued
dividends (16) 17,837 209 13,705 239 305 796 570 494 208 150 214 301 646

Total liabilities 2,534,647 55,622 1,316,679 106,876 66,618 210,008 171,102 144,862 41,489 29,533 60,530 96,891 234,435

Capital
Capital paid in 26,283 917 7,699 2,309 1,968 5,437 1,505 668 218 833 255 388 4,087
Surplus 26,283 917 7,699 2,309 1,968 5,437 1,505 668 218 833 255 388 4,087
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 2,587,214 57,456 1,332,078 111,494 70,554 220,883 174,112 146,198 41,924 31,198 61,040 97,668 242,609

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, March 16, 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 Mar 16, 2011

Federal Reserve notes outstanding 1,116,409
Less: Notes held by F.R. Banks not subject to collateralization 154,542
Federal Reserve notes to be collateralized 961,867
Collateral held against Federal Reserve notes 961,867
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 945,630
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,364,483
Less: Face value of securities under reverse repurchase agreements 49,650
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,314,833

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