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

FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
March 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 Mar 23, 2011
Federal Reserve Banks Mar 23, 2011 Mar 16, 2011 Mar 24, 2010

Reserve Bank credit 2,582,169 + 13,945 + 284,032 2,585,419
Securities held outright (1) 2,378,267 + 13,248 + 360,607 2,381,581
U.S. Treasury securities 1,295,350 + 20,389 + 518,697 1,305,239
Bills (2) 18,423 0 0 18,423
Notes and bonds, nominal (2) 1,213,732 + 19,642 + 504,860 1,222,689
Notes and bonds, inflation-indexed (2) 56,529 + 672 + 12,752 57,425
Inflation compensation (3) 6,667 + 75 + 1,086 6,702
Federal agency debt securities (2) 138,923 - 3,582 - 28,565 132,495
Mortgage-backed securities (4) 943,994 - 3,558 - 129,525 943,848
Repurchase agreements (5) 0 0 0 0
Term auction credit 0 0 - 3,410 0
Other loans 19,802 - 248 - 64,709 19,513
Primary credit 3 - 4 - 10,747 7
Secondary credit 0 0 - 600 0
Seasonal credit 6 - 3 0 6
Credit extended to American International
Group, Inc., net (6) 0 0 - 25,183 0
Term Asset-Backed Securities Loan Facility (7) 19,792 - 243 - 28,180 19,500
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper
Funding Facility LLC (8) 0 0 - 7,767 0
Net portfolio holdings of Maiden Lane LLC (9) 25,562 - 285 - 1,729 25,589
Net portfolio holdings of Maiden Lane II LLC (10) 15,897 + 5 + 558 15,900
Net portfolio holdings of Maiden Lane III LLC (11) 22,914 - 29 + 778 22,919
Net portfolio holdings of TALF LLC (12) 709 + 6 + 309 718
Preferred interests in AIA Aurora LLC and ALICO
Holdings LLC (6) 0 0 - 25,106 0
Float -1,191 + 251 + 429 -1,222
Central bank liquidity swaps (13) 0 0 0 0
Other Federal Reserve assets (14) 120,209 + 996 + 24,071 120,420
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 43,696 + 14 + 951 43,696

Total factors supplying reserve funds 2,642,105 + 13,958 + 284,983 2,645,355

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

Currency in circulation (15) 1,002,590 + 1,673 + 69,977 1,003,815
Reverse repurchase agreements (16) 58,223 - 931 + 1,811 61,386
Foreign official and international accounts 58,223 - 931 + 1,811 61,386
Others 0 0 0 0
Treasury cash holdings 210 + 6 - 8 213
Deposits with F.R. Banks, other than reserve balances 115,651 + 16,128 - 57,434 99,781
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, general account 87,280 + 45,192 + 19,677 71,748
U.S. Treasury, supplementary financing account 24,996 - 24,995 - 74,987 24,996
Foreign official 134 0 - 2,283 123
Service-related 2,513 + 199 - 180 2,513
Required clearing balances 2,513 + 199 - 180 2,513
Adjustments to compensate for float 0 0 0 0
Other 727 - 4,269 + 339 401
Funds from American International Group, Inc. asset
dispositions, held as agent (6) 0 0 0 0
Other liabilities and capital (17) 73,445 + 434 + 6,377 72,205

Total factors, other than reserve balances,
absorbing reserve funds 1,250,118 + 17,309 + 20,721 1,237,401

Reserve balances with Federal Reserve Banks 1,391,987 - 3,351 + 264,262 1,407,955

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 23, 2011
Memorandum item Mar 23, 2011 Mar 16, 2011 Mar 24, 2010

Marketable securities held in custody for foreign
official and international accounts (1) 3,401,749 + 483 + 389,237 3,409,536
U.S. Treasury securities 2,640,175 + 1,639 + 400,304 2,647,937
Federal agency securities (2) 761,574 - 1,156 - 11,067 761,599
Securities lent to dealers 14,775 + 469 + 10,576 15,061
Overnight facility (3) 14,775 + 469 + 10,576 15,061
U.S. Treasury securities 13,926 + 448 + 10,712 14,162
Federal agency debt securities 849 + 21 - 136 899

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 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) 13 0 0 19,500 0 ... 19,513
U.S. Treasury securities (2)
Holdings 19,574 22,524 67,800 547,165 469,854 178,323 1,305,239
Weekly changes + 2,156 - 2,153 + 1 + 12,645 + 9,457 + 2,747 + 24,853
Federal agency debt securities (3)
Holdings 0 14,130 19,373 69,735 26,910 2,347 132,495
Weekly changes - 7,499 + 728 - 728 0 0 0 - 7,499
Mortgage-backed securities (4)
Holdings 0 0 0 21 23 943,804 943,848
Weekly changes 0 0 0 0 - 1 - 255 - 255
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) 61,386 0 ... ... ... ... 61,386
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 23, 2011

Mortgage-backed securities held outright (1) 943,848

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 23, 2011

Net portfolio holdings of Maiden Lane LLC (1) 25,589

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) 660
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,330

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 23, 2011

Net portfolio holdings of Maiden Lane II LLC (1) 15,900

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) 488
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,079

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 23, 2011

Net portfolio holdings of Maiden Lane III LLC (1) 22,919

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) 583
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,405

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 23, 2011

Asset-backed securities holdings (1) 0
Other investments, net 718
Net portfolio holdings of TALF LLC 718

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 23, 2011 Wednesday Wednesday
Assets, liabilities, and capital Mar 16, 2011 Mar 24, 2010

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 2,193 - 14 + 95
Securities, repurchase agreements, term auction
credit, and other loans 2,401,094 + 16,662 + 297,480
Securities held outright (1) 2,381,581 + 17,098 + 363,626
U.S. Treasury securities 1,305,239 + 24,853 + 528,572
Bills (2) 18,423 0 0
Notes and bonds, nominal (2) 1,222,689 + 23,199 + 513,817
Notes and bonds, inflation-indexed (2) 57,425 + 1,568 + 13,648
Inflation compensation (3) 6,702 + 86 + 1,107
Federal agency debt securities (2) 132,495 - 7,499 - 34,993
Mortgage-backed securities (4) 943,848 - 255 - 129,952
Repurchase agreements (5) 0 0 0
Term auction credit 0 0 - 3,410
Other loans 19,513 - 436 - 62,736
Net portfolio holdings of Commercial Paper
Funding Facility LLC (6) 0 0 - 7,776
Net portfolio holdings of Maiden Lane LLC (7) 25,589 + 32 - 1,728
Net portfolio holdings of Maiden Lane II LLC (8) 15,900 + 4 + 557
Net portfolio holdings of Maiden Lane III LLC (9) 22,919 + 6 + 777
Net portfolio holdings of TALF LLC (10) 718 + 15 + 314
Preferred interests in AIA Aurora LLC and ALICO
Holdings LLC (11) 0 0 - 25,106
Items in process of collection (104) 335 + 146 + 150
Bank premises 2,219 + 2 - 20
Central bank liquidity swaps (12) 0 0 0
Other assets (13) 118,202 + 1,437 + 24,138

Total assets (104) 2,605,406 + 18,291 + 288,881

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 23, 2011 Wednesday Wednesday
Assets, liabilities, and capital Mar 16, 2011 Mar 24, 2010

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 962,521 + 654 + 69,486
Reverse repurchase agreements (14) 61,386 - 901 + 6,667
Deposits (0) 1,507,737 + 19,073 + 206,853
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 1,410,468 + 73,847 + 262,721
U.S. Treasury, general account 71,748 - 29,723 + 21,644
U.S. Treasury, supplementary financing account 24,996 - 24,995 - 74,987
Foreign official 123 0 - 2,297
Other (0) 401 - 57 - 228
Deferred availability cash items (104) 1,557 - 160 - 588
Other liabilities and accrued dividends (15) 19,632 - 381 + 6,928

Total liabilities (104) 2,552,833 + 18,284 + 289,346

Capital accounts
Capital paid in 26,287 + 4 + 40
Surplus 26,287 + 4 + 966
Other capital accounts 0 0 - 1,469

Total capital 52,573 + 7 - 464

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 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 2,193 52 81 172 162 369 173 341 32 60 159 224 368
Securities, repurchase agreements,
term auction credit, and other
loans 2,401,094 60,270 991,316 55,617 80,916 271,236 225,363 179,540 61,347 32,604 81,703 100,004 261,179
Securities held outright (1) 2,381,581 60,270 971,811 55,617 80,916 271,236 225,363 179,539 61,345 32,603 81,698 100,004 261,179
U.S. Treasury securities 1,305,239 33,031 532,606 30,481 44,346 148,653 123,512 98,397 33,621 17,868 44,775 54,808 143,140
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) 1,286,816 32,565 525,089 30,051 43,720 146,554 121,768 97,008 33,146 17,616 44,143 54,034 141,120
Federal agency debt securities (2) 132,495 3,353 54,065 3,094 4,502 15,090 12,538 9,988 3,413 1,814 4,545 5,564 14,530
Mortgage-backed securities (4) 943,848 23,886 385,140 22,042 32,068 107,494 89,314 71,153 24,312 12,921 32,378 39,633 103,508
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 19,513 0 19,505 0 0 0 0 1 1 1 5 0 0
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) 25,589 0 25,589 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (8) 15,900 0 15,900 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (9) 22,919 0 22,919 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF LLC (10) 718 0 718 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 438 3 0 37 67 6 168 21 11 19 40 24 42
Bank premises 2,219 125 257 68 139 239 217 208 136 107 264 247 212
Central bank liquidity swaps (12) 0 0 0 0 0 0 0 0 0 0 0 0 0
Other assets (13) 118,202 3,262 44,963 4,765 5,083 15,940 10,191 7,554 2,593 2,102 3,386 4,268 14,096
Interdistrict settlement account 0 - 10,266 + 238,673 + 48,055 - 18,132 - 41,910 - 65,366 - 41,528 - 23,364 - 4,053 - 27,826 - 7,954 - 46,330

Total assets 2,605,509 54,011 1,346,272 109,328 68,935 247,138 172,785 147,447 41,229 31,132 58,175 97,746 231,311

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 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 1,117,205 42,981 380,280 46,096 46,427 89,947 140,221 85,665 31,954 19,582 32,675 75,666 125,711
Less: Notes held by F.R. Banks 154,684 4,771 43,577 5,196 7,531 11,926 21,983 12,306 4,027 5,232 3,038 11,144 23,954
Federal Reserve notes, net 962,521 38,210 336,704 40,900 38,896 78,021 118,239 73,359 27,927 14,350 29,637 64,522 101,757
Reverse repurchase agreements (14) 61,386 1,553 25,049 1,434 2,086 6,991 5,809 4,628 1,581 840 2,106 2,578 6,732
Deposits 1,507,737 12,101 954,666 61,875 23,410 150,179 44,889 67,399 10,983 13,730 25,535 29,409 113,560
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 1,410,468 12,094 857,583 61,871 23,407 150,101 44,887 67,364 10,951 13,726 25,534 29,408 113,543
U.S. Treasury, general account 71,748 0 71,748 0 0 0 0 0 0 0 0 0 0
U.S. Treasury, supplementary
financing account 24,996 0 24,996 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 401 5 245 0 1 70 0 34 32 3 1 0 11
Deferred availability cash items 1,660 60 0 215 239 69 100 105 52 370 115 89 247
Interest on Federal Reserve notes due
to U.S. Treasury (15) 1,572 41 637 36 58 185 143 116 40 22 49 68 176
Other liabilities and accrued
dividends (16) 18,060 212 13,817 249 311 817 597 505 210 154 219 304 665

Total liabilities 2,552,936 52,177 1,330,873 104,710 64,999 236,262 169,776 146,111 40,793 29,467 57,661 96,969 223,137

Capital
Capital paid in 26,287 917 7,699 2,309 1,968 5,438 1,505 668 218 833 257 388 4,087
Surplus 26,287 917 7,699 2,309 1,968 5,438 1,505 668 218 833 257 388 4,087
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 2,605,509 54,011 1,346,272 109,328 68,935 247,138 172,785 147,447 41,229 31,132 58,175 97,746 231,311

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 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 Mar 23, 2011

Federal Reserve notes outstanding 1,117,205
Less: Notes held by F.R. Banks not subject to collateralization 154,684
Federal Reserve notes to be collateralized 962,521
Collateral held against Federal Reserve notes 962,521
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 946,284
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,381,581
Less: Face value of securities under reverse repurchase agreements 59,288
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,322,293

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