FRB: H.4.1 Release--Factors Affecting Reserve Balances--June 23, 2011

FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
June 23, 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 Jun 22, 2011
Federal Reserve Banks Jun 22, 2011 Jun 15, 2011 Jun 23, 2010

Reserve Bank credit 2,826,620 + 16,874 + 498,578 2,840,610
Securities held outright (1) 2,621,959 + 16,730 + 550,873 2,634,654
U.S. Treasury securities 1,589,165 + 20,302 + 812,202 1,601,963
Bills (2) 18,423 0 0 18,423
Notes and bonds, nominal (2) 1,497,899 + 19,230 + 785,876 1,509,372
Notes and bonds, inflation-indexed (2) 64,195 + 825 + 23,070 65,296
Inflation compensation (3) 8,648 + 247 + 3,256 8,873
Federal agency debt securities (2) 118,365 - 624 - 47,334 118,365
Mortgage-backed securities (4) 914,429 - 2,948 - 213,995 914,326
Repurchase agreements (5) 0 0 0 0
Loans 13,158 - 124 - 56,267 13,022
Primary credit 20 - 4 - 131 17
Secondary credit 1 + 1 - 149 0
Seasonal credit 42 + 3 - 30 48
Credit extended to American International
Group, Inc., net (6) 0 0 - 25,756 0
Term Asset-Backed Securities Loan Facility (7) 13,096 - 123 - 30,200 12,957
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper
Funding Facility LLC (8) 0 0 - 1 0
Net portfolio holdings of Maiden Lane LLC (9) 23,775 - 583 - 4,638 23,814
Net portfolio holdings of Maiden Lane II LLC (10) 12,507 - 21 - 3,194 12,510
Net portfolio holdings of Maiden Lane III LLC (11) 24,231 - 180 + 1,037 24,238
Net portfolio holdings of TALF LLC (12) 749 + 3 + 259 757
Preferred interests in AIA Aurora LLC and ALICO
Holdings LLC (6) 0 0 - 25,416 0
Float -1,011 + 113 + 710 -1,119
Central bank liquidity swaps (13) 0 0 - 1,245 0
Other Federal Reserve assets (14) 131,251 + 934 + 36,459 132,734
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 43,944 + 14 + 755 43,944

Total factors supplying reserve funds 2,886,804 + 16,887 + 499,332 2,900,795

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

1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Jun 22, 2011
Federal Reserve Banks Jun 22, 2011 Jun 15, 2011 Jun 23, 2010

Currency in circulation (15) 1,022,659 - 241 + 83,287 1,023,442
Reverse repurchase agreements (16) 62,904 - 1,241 + 2,173 65,353
Foreign official and international accounts 62,904 - 48 + 2,173 65,353
Others 0 - 1,193 0 0
Treasury cash holdings 132 - 3 - 90 127
Deposits with F.R. Banks, other than reserve balances 136,634 + 78,404 - 117,626 143,413
Term deposits held by depository institutions 5,087 0 + 3,935 5,087
U.S. Treasury, general account 122,935 + 81,599 + 77,083 129,694
U.S. Treasury, supplementary financing account 5,000 0 - 194,963 5,000
Foreign official 213 + 81 - 2,020 389
Service-related 2,537 - 4 + 63 2,537
Required clearing balances 2,537 - 4 + 63 2,537
Adjustments to compensate for float 0 0 0 0
Other 862 - 3,271 - 1,722 707
Funds from American International Group, Inc. asset
dispositions, held as agent (6) 0 0 0 0
Other liabilities and capital (17) 73,979 - 327 + 1,426 74,039

Total factors, other than reserve balances,
absorbing reserve funds 1,296,308 + 76,593 - 30,830 1,306,375

Reserve balances with Federal Reserve Banks 1,590,496 - 59,706 + 530,162 1,594,420

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 Jun 22, 2011
Memorandum item Jun 22, 2011 Jun 15, 2011 Jun 23, 2010

Marketable securities held in custody for foreign
official and international accounts (1) 3,459,586 + 12,937 + 369,657 3,456,675
U.S. Treasury securities 2,723,179 + 15,713 + 459,907 2,718,417
Federal agency securities (2) 736,408 - 2,775 - 90,249 738,258
Securities lent to dealers 28,384 + 8,171 + 24,971 34,678
Overnight facility (3) 28,384 + 8,171 + 24,971 34,678
U.S. Treasury securities 27,625 + 8,190 + 25,401 33,951
Federal agency debt securities 758 - 20 - 430 727

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, June 22, 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

Loans (1) 61 4 1,259 11,699 0 ... 13,022
U.S. Treasury securities (2)
Holdings 15,550 14,833 100,513 694,720 580,703 195,645 1,601,963
Weekly changes - 2,504 + 2,504 + 8,505 + 2,157 + 15,083 + 280 + 26,024
Federal agency debt securities (3)
Holdings 3,295 6,802 16,784 66,388 22,749 2,347 118,365
Weekly changes + 1,634 - 126 + 260 - 1,768 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 0 17 23 914,286 914,326
Weekly changes 0 0 0 0 0 - 180 - 180
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) 65,353 0 ... ... ... ... 65,353
Term deposits 5,087 0 0 ... ... ... 5,087

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 Jun 22, 2011

Mortgage-backed securities held outright (1) 914,326

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 Jun 22, 2011

Net portfolio holdings of Maiden Lane LLC (1) 23,814

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 20,895
Accrued interest payable to the Federal Reserve Bank of New York (2) 703
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,348

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
March 31, 2011. 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 Jun 22, 2011

Net portfolio holdings of Maiden Lane II LLC (1) 12,510

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 8,059
Accrued interest payable to the Federal Reserve Bank of New York (2) 523
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,088

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
March 31, 2011. 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 Jun 22, 2011

Net portfolio holdings of Maiden Lane III LLC (1) 24,238

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 11,699
Accrued interest payable to the Federal Reserve Bank of New York (2) 622
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,449

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 Jun 22, 2011

Asset-backed securities holdings (1) 0
Other investments, net 757
Net portfolio holdings of TALF LLC 757

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) 108

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 Jun 22, 2011 Wednesday Wednesday
Assets, liabilities, and capital Jun 15, 2011 Jun 23, 2010

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 2,126 + 8 + 134
Securities, repurchase agreements, and loans 2,647,676 + 25,633 + 508,056
Securities held outright (1) 2,634,654 + 25,844 + 563,410
U.S. Treasury securities 1,601,963 + 26,024 + 824,993
Bills (2) 18,423 0 0
Notes and bonds, nominal (2) 1,509,372 + 23,666 + 797,349
Notes and bonds, inflation-indexed (2) 65,296 + 1,926 + 24,171
Inflation compensation (3) 8,873 + 432 + 3,474
Federal agency debt securities (2) 118,365 0 - 47,249
Mortgage-backed securities (4) 914,326 - 180 - 214,335
Repurchase agreements (5) 0 0 0
Loans 13,022 - 210 - 55,354
Net portfolio holdings of Commercial Paper
Funding Facility LLC (6) 0 0 - 1
Net portfolio holdings of Maiden Lane LLC (7) 23,814 + 45 - 4,603
Net portfolio holdings of Maiden Lane II LLC (8) 12,510 + 3 - 3,195
Net portfolio holdings of Maiden Lane III LLC (9) 24,238 + 8 + 1,039
Net portfolio holdings of TALF LLC (10) 757 + 11 + 251
Preferred interests in AIA Aurora LLC and ALICO
Holdings LLC (11) 0 0 - 25,416
Items in process of collection (159) 261 - 119 + 17
Bank premises 2,210 + 2 - 26
Central bank liquidity swaps (12) 0 0 - 1,245
Other assets (13) 130,534 + 3,225 + 37,414

Total assets (159) 2,860,362 + 28,817 + 512,424

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 Jun 22, 2011 Wednesday Wednesday
Assets, liabilities, and capital Jun 15, 2011 Jun 23, 2010

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 981,747 - 616 + 82,012
Reverse repurchase agreements (14) 65,353 - 2,826 + 5,047
Deposits (0) 1,737,843 + 31,565 + 423,395
Term deposits held by depository institutions 5,087 0 + 3,935
Other deposits held by depository institutions 1,596,966 + 27,737 + 534,618
U.S. Treasury, general account 129,694 + 3,266 + 83,344
U.S. Treasury, supplementary financing account 5,000 0 - 194,963
Foreign official 389 + 258 - 1,935
Other (0) 707 + 303 - 1,601
Deferred availability cash items (159) 1,380 - 364 - 518
Other liabilities and accrued dividends (15) 21,069 + 1,044 + 5,415

Total liabilities (159) 2,807,391 + 28,801 + 515,350

Capital accounts
Capital paid in 26,485 + 7 + 240
Surplus 26,485 + 7 + 693
Other capital accounts 0 0 - 3,860

Total capital 52,971 + 16 - 2,926

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, June 22, 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 11,037 390 3,866 432 450 872 1,394 854 319 197 318 728 1,217
Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574
Coin 2,126 50 69 162 154 353 178 325 34 61 163 219 359
Securities, repurchase agreements,
and loans 2,647,676 64,777 1,238,186 90,253 71,167 304,276 195,869 156,470 49,874 40,524 70,092 104,201 261,987
Securities held outright (1) 2,634,654 64,777 1,225,227 90,253 71,167 304,276 195,867 156,460 49,866 40,491 70,083 104,201 261,986
U.S. Treasury securities 1,601,963 39,387 744,982 54,877 43,272 185,010 119,094 95,133 30,320 24,620 42,613 63,358 159,297
Bills (2) 18,423 453 8,567 631 498 2,128 1,370 1,094 349 283 490 729 1,832
Notes and bonds (3) 1,583,540 38,934 736,414 54,246 42,775 182,883 117,724 94,039 29,972 24,337 42,123 62,629 157,465
Federal agency debt securities (2) 118,365 2,910 55,045 4,055 3,197 13,670 8,800 7,029 2,240 1,819 3,149 4,681 11,770
Mortgage-backed securities (4) 914,326 22,480 425,201 31,321 24,698 105,595 67,973 54,298 17,305 14,052 24,322 36,162 90,919
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 13,022 0 12,959 0 0 0 3 10 8 33 9 1 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) 23,814 0 23,814 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (8) 12,510 0 12,510 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (9) 24,238 0 24,238 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF LLC (10) 757 0 757 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 420 24 0 87 85 9 32 38 7 38 25 17 57
Bank premises 2,210 124 256 68 138 237 218 207 136 106 262 246 211
Central bank liquidity swaps (12) 0 0 0 0 0 0 0 0 0 0 0 0 0
Other assets (13) 130,534 3,503 55,764 6,205 4,806 17,556 9,263 6,822 2,201 2,455 3,008 4,528 14,424
Interdistrict settlement account 0 - 14,285 + 290,778 + 3,366 - 8,087 - 98,943 - 42,273 - 9,958 - 11,947 - 19,596 - 18,078 - 11,748 - 59,228

Total assets 2,860,521 54,777 1,652,055 100,784 68,949 224,773 165,335 155,182 40,775 23,875 55,943 98,473 219,600

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, June 22, 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 1,143,562 43,360 386,507 47,279 54,617 92,057 139,435 90,088 33,639 19,474 32,188 75,183 129,734
Less: Notes held by F.R. Banks 161,815 4,909 41,889 6,021 8,395 12,677 25,038 13,455 4,392 5,518 3,235 11,196 25,091
Federal Reserve notes, net 981,747 38,451 344,618 41,258 46,222 79,380 114,397 76,633 29,248 13,956 28,952 63,988 104,643
Reverse repurchase agreements (14) 65,353 1,607 30,392 2,239 1,765 7,548 4,858 3,881 1,237 1,004 1,738 2,585 6,499
Deposits 1,737,843 12,533 1,245,834 51,921 16,419 125,577 42,331 72,685 9,574 6,756 24,403 30,675 99,137
Term deposits held by depository
institutions 5,087 18 3,157 605 3 941 0 10 0 33 1 10 310
Other deposits held by depository
institutions 1,596,966 12,511 1,107,067 51,312 16,412 124,554 42,286 72,651 9,573 6,722 24,401 30,664 98,816
U.S. Treasury, general account 129,694 0 129,694 0 0 0 0 0 0 0 0 0 0
U.S. Treasury, supplementary
financing account 5,000 0 5,000 0 0 0 0 0 0 0 0 0 0
Foreign official 389 1 361 4 3 8 2 1 0 1 0 1 6
Other 707 3 556 0 1 75 43 23 0 0 1 0 5
Deferred availability cash items 1,539 74 0 253 214 55 87 104 49 315 89 73 228
Interest on Federal Reserve notes due
to U.S. Treasury (15) 2,014 51 938 37 67 196 194 115 37 34 50 76 219
Other liabilities and accrued
dividends (16) 19,054 219 14,837 322 313 891 528 431 186 169 191 299 669

Total liabilities 2,807,550 52,935 1,636,620 96,029 64,999 213,646 162,395 153,849 40,330 22,235 55,423 97,694 211,394

Capital
Capital paid in 26,485 921 7,717 2,377 1,975 5,563 1,470 666 222 820 260 389 4,103
Surplus 26,485 921 7,717 2,377 1,975 5,563 1,470 666 222 820 260 389 4,103
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 2,860,521 54,777 1,652,055 100,784 68,949 224,773 165,335 155,182 40,775 23,875 55,943 98,473 219,600

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, June 22, 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 Jun 22, 2011

Federal Reserve notes outstanding 1,143,562
Less: Notes held by F.R. Banks not subject to collateralization 161,815
Federal Reserve notes to be collateralized 981,747
Collateral held against Federal Reserve notes 981,747
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 965,510
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,634,654
Less: Face value of securities under reverse repurchase agreements 59,558
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,575,095

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