FRB: H.4.1 Release--Factors Affecting Reserve Balances--July 28, 2011

For release at
4:30 P.M. EDT
July 28, 2011

The weekly average values, shown in table 1, reflect the June 30, 2011, quarterly updates to the fair
values of the net portfolio holdings of Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane
III LLC, and the fair value adjustment of the Term Asset-Backed Securities Loan Facility, or TALF,
which is included in "Other Federal Reserve assets." The amounts for the first six days of this
reporting week are based on the values as of March 31, 2011, and the amounts for the last day of the
reporting week are based on the values as of June 30, 2011.

FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
July 28, 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 Jul 27, 2011
Federal Reserve Banks Jul 27, 2011 Jul 20, 2011 Jul 28, 2010

Reserve Bank credit 2,852,885 - 1,974 + 540,491 2,847,574
Securities held outright (1) 2,649,995 - 1,441 + 591,764 2,647,881
U.S. Treasury securities 1,634,961 + 3,160 + 857,943 1,638,161
Bills (2) 18,423 0 0 18,423
Notes and bonds, nominal (2) 1,541,736 + 3,081 + 829,716 1,544,906
Notes and bonds, inflation-indexed (2) 65,521 0 + 24,392 65,521
Inflation compensation (3) 9,282 + 79 + 3,835 9,311
Federal agency debt securities (2) 113,807 - 820 - 45,574 112,435
Mortgage-backed securities (4) 901,226 - 3,782 - 220,605 897,285
Repurchase agreements (5) 0 0 0 0
Loans 12,109 - 395 - 52,730 11,968
Primary credit 2 - 4 - 9 5
Secondary credit 0 0 - 1 0
Seasonal credit 87 + 11 + 10 81
Credit extended to American International
Group, Inc., net (6) 0 0 - 23,775 0
Term Asset-Backed Securities Loan Facility (7) 12,020 - 402 - 28,955 11,881
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) 20,754 - 419 - 7,937 20,815
Net portfolio holdings of Maiden Lane II LLC (10) 11,285 - 169 - 4,359 10,225
Net portfolio holdings of Maiden Lane III LLC (11) 23,223 - 411 + 163 21,457
Net portfolio holdings of TALF LLC (12) 767 + 10 + 227 767
Preferred interests in AIA Aurora LLC and ALICO
Holdings LLC (6) 0 0 - 25,733 0
Float -1,021 + 54 + 567 -1,255
Central bank liquidity swaps (13) 0 0 - 1,246 0
Other Federal Reserve assets (14) 135,774 + 798 + 39,776 135,718
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 44,022 + 14 + 764 44,022

Total factors supplying reserve funds 2,913,147 - 1,961 + 541,253 2,907,837

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 Jul 27, 2011
Federal Reserve Banks Jul 27, 2011 Jul 20, 2011 Jul 28, 2010

Currency in circulation (15) 1,028,518 + 166 + 86,227 1,030,733
Reverse repurchase agreements (16) 65,380 - 326 + 4,467 67,004
Foreign official and international accounts 65,380 - 326 + 4,467 67,004
Others 0 0 0 0
Treasury cash holdings 131 - 22 - 95 113
Deposits with F.R. Banks, other than reserve balances 93,989 - 17,364 - 156,454 85,570
Term deposits held by depository institutions 0 0 - 4,241 0
U.S. Treasury, general account 77,019 - 13,700 + 35,416 66,757
U.S. Treasury, supplementary financing account 5,000 0 - 194,961 5,000
Foreign official 142 0 - 1,637 125
Service-related 2,530 0 + 62 2,530
Required clearing balances 2,530 0 + 62 2,530
Adjustments to compensate for float 0 0 0 0
Other 9,298 - 3,664 + 8,907 11,158
Funds from American International Group, Inc. asset
dispositions, held as agent (6) 0 0 0 0
Other liabilities and capital (17) 72,314 - 164 - 487 68,620

Total factors, other than reserve balances,
absorbing reserve funds 1,260,332 - 17,710 - 66,343 1,252,040

Reserve balances with Federal Reserve Banks 1,652,815 + 15,749 + 607,596 1,655,796

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 Jul 27, 2011
Memorandum item Jul 27, 2011 Jul 20, 2011 Jul 28, 2010

Marketable securities held in custody for foreign
official and international accounts (1) 3,453,109 - 836 + 307,404 3,451,123
U.S. Treasury securities 2,720,303 + 414 + 404,457 2,719,160
Federal agency securities (2) 732,805 - 1,251 - 97,054 731,963
Securities lent to dealers 16,322 + 1,911 + 12,317 19,688
Overnight facility (3) 16,322 + 1,911 + 12,317 19,688
U.S. Treasury securities 15,780 + 1,972 + 12,840 18,911
Federal agency debt securities 542 - 61 - 523 777

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, July 27, 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) 75 12 1,620 10,261 0 ... 11,968
U.S. Treasury securities (2)
Holdings 18,953 11,442 114,143 710,293 582,718 200,612 1,638,161
Weekly changes + 3,868 - 3,867 + 8 + 13 + 3,142 + 906 + 4,068
Federal agency debt securities (3)
Holdings 0 4,767 16,639 68,537 20,145 2,347 112,435
Weekly changes - 1,601 0 0 0 0 0 - 1,601
Mortgage-backed securities (4)
Holdings 0 0 0 16 22 897,247 897,285
Weekly changes 0 0 0 0 - 1 - 6,896 - 6,897
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) 67,004 0 ... ... ... ... 67,004
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 Jul 27, 2011

Mortgage-backed securities held outright (1) 897,285

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 Jul 27, 2011

Net portfolio holdings of Maiden Lane LLC (1) 20,815

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 17,693
Accrued interest payable to the Federal Reserve Bank of New York (2) 717
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,354

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
June 30, 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 Jul 27, 2011

Net portfolio holdings of Maiden Lane II LLC (1) 10,225

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 6,971
Accrued interest payable to the Federal Reserve Bank of New York (2) 532
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,091

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
June 30, 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 Jul 27, 2011

Net portfolio holdings of Maiden Lane III LLC (1) 21,457

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 10,854
Accrued interest payable to the Federal Reserve Bank of New York (2) 636
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,465

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 Jul 27, 2011

Asset-backed securities holdings (1) 0
Other investments, net 767
Net portfolio holdings of TALF LLC 767

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 Jul 27, 2011 Wednesday Wednesday
Assets, liabilities, and capital Jul 20, 2011 Jul 28, 2010

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 2,198 + 31 + 120
Securities, repurchase agreements, and loans 2,659,848 - 4,994 + 541,800
Securities held outright (1) 2,647,881 - 4,430 + 594,005
U.S. Treasury securities 1,638,161 + 4,068 + 861,140
Bills (2) 18,423 0 0
Notes and bonds, nominal (2) 1,544,906 + 3,989 + 832,886
Notes and bonds, inflation-indexed (2) 65,521 0 + 24,392
Inflation compensation (3) 9,311 + 79 + 3,861
Federal agency debt securities (2) 112,435 - 1,601 - 46,946
Mortgage-backed securities (4) 897,285 - 6,897 - 220,189
Repurchase agreements (5) 0 0 0
Loans 11,968 - 563 - 52,204
Net portfolio holdings of Commercial Paper
Funding Facility LLC (6) 0 0 - 1
Net portfolio holdings of Maiden Lane LLC (7) 20,815 + 71 - 8,602
Net portfolio holdings of Maiden Lane II LLC (8) 10,225 - 1,236 - 5,945
Net portfolio holdings of Maiden Lane III LLC (9) 21,457 - 2,061 - 2,083
Net portfolio holdings of TALF LLC (10) 767 + 10 + 227
Preferred interests in AIA Aurora LLC and ALICO
Holdings LLC (11) 0 0 - 25,733
Items in process of collection (230) 158 - 106 - 233
Bank premises 2,202 + 1 - 29
Central bank liquidity swaps (12) 0 0 - 1,246
Other assets (13) 133,509 + 490 + 40,435

Total assets (230) 2,867,416 - 7,795 + 538,711

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 Jul 27, 2011 Wednesday Wednesday
Assets, liabilities, and capital Jul 20, 2011 Jul 28, 2010

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 989,019 + 1,395 + 85,685
Reverse repurchase agreements (14) 67,004 + 2,309 + 6,363
Deposits (0) 1,741,360 - 8,457 + 452,215
Term deposits held by depository institutions 0 0 - 4,241
Other deposits held by depository institutions 1,658,319 + 31,122 + 607,429
U.S. Treasury, general account 66,757 - 29,665 + 36,342
U.S. Treasury, supplementary financing account 5,000 0 - 194,961
Foreign official 125 - 53 - 3,098
Other (0) 11,158 - 9,862 + 10,742
Deferred availability cash items (230) 1,413 + 96 - 735
Other liabilities and accrued dividends (15) 16,947 - 3,138 + 1,627

Total liabilities (230) 2,815,743 - 7,795 + 545,154

Capital accounts
Capital paid in 25,836 0 - 829
Surplus 25,836 0 + 14
Other capital accounts 0 0 - 5,628

Total capital 51,672 - 1 - 6,444

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, July 27, 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 2,198 49 73 165 161 361 194 332 40 61 168 225 369
Securities, repurchase agreements,
and loans 2,659,848 65,102 1,243,259 90,706 71,525 305,808 196,861 157,256 50,140 40,720 70,446 104,724 263,301
Securities held outright (1) 2,647,881 65,102 1,231,378 90,706 71,525 305,803 196,850 157,246 50,117 40,694 70,435 104,724 263,301
U.S. Treasury securities 1,638,161 40,277 761,815 56,117 44,250 189,191 121,785 97,283 31,006 25,176 43,576 64,789 162,896
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) 1,619,738 39,824 753,248 55,486 43,752 187,063 120,416 96,189 30,657 24,893 43,086 64,061 161,064
Federal agency debt securities (2) 112,435 2,764 52,287 3,852 3,037 12,985 8,359 6,677 2,128 1,728 2,991 4,447 11,180
Mortgage-backed securities (4) 897,285 22,061 417,276 30,737 24,238 103,627 66,706 53,286 16,983 13,790 23,868 35,488 89,225
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 11,968 0 11,881 0 0 5 10 11 23 26 11 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) 20,815 0 20,815 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (8) 10,225 0 10,225 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (9) 21,457 0 21,457 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF LLC (10) 767 0 767 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 388 18 0 89 184 4 -76 36 6 45 14 20 48
Bank premises 2,202 123 257 68 138 235 213 207 136 106 261 246 211
Central bank liquidity swaps (12) 0 0 0 0 0 0 0 0 0 0 0 0 0
Other assets (13) 133,509 3,584 57,089 6,296 4,911 17,929 9,480 6,988 2,264 2,510 3,081 4,636 14,741
Interdistrict settlement account 0 + 17,673 + 235,566 + 3,259 - 4,192 - 97,911 - 40,309 - 18,316 - 9,161 - 20,493 - 19,119 + 1,183 - 48,179

Total assets 2,867,646 87,135 1,595,192 101,225 73,414 227,709 168,410 147,781 43,893 23,236 55,323 112,045 232,283

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, July 27, 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 1,149,943 43,030 384,027 46,814 55,067 95,445 139,757 90,644 34,142 19,379 32,071 75,203 134,363
Less: Notes held by F.R. Banks 160,924 5,211 41,109 6,474 7,383 12,771 24,983 13,267 4,418 5,551 3,375 11,187 25,193
Federal Reserve notes, net 989,019 37,818 342,919 40,340 47,684 82,674 114,774 77,377 29,723 13,828 28,696 64,016 109,170
Reverse repurchase agreements (14) 67,004 1,647 31,160 2,295 1,810 7,738 4,981 3,979 1,268 1,030 1,782 2,650 6,663
Deposits 1,741,360 45,514 1,193,474 53,279 19,443 125,050 45,025 64,329 12,198 7,571 24,030 44,178 107,267
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 1,658,319 45,500 1,110,729 53,258 19,439 124,880 45,022 64,304 12,153 7,570 24,029 44,178 107,258
U.S. Treasury, general account 66,757 0 66,757 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 125 1 97 4 3 8 2 1 0 1 0 1 6
Other 11,158 12 10,891 18 1 162 0 24 45 0 1 0 4
Deferred availability cash items 1,643 68 0 252 198 136 77 101 46 404 71 71 217
Interest on Federal Reserve notes due
to U.S. Treasury (15) -672 43 -1,635 75 61 221 122 96 24 37 40 60 186
Other liabilities and accrued
dividends (16) 17,619 201 13,838 265 267 764 490 416 182 147 185 291 574

Total liabilities 2,815,973 85,292 1,579,756 96,506 69,464 216,583 165,469 146,298 43,442 23,016 54,804 111,266 224,077

Capital
Capital paid in 25,836 921 7,718 2,359 1,975 5,563 1,471 742 226 110 259 389 4,103
Surplus 25,836 921 7,718 2,359 1,975 5,563 1,471 742 226 110 259 389 4,103
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 2,867,646 87,135 1,595,192 101,225 73,414 227,709 168,410 147,781 43,893 23,236 55,323 112,045 232,283

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, July 27, 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 Jul 27, 2011

Federal Reserve notes outstanding 1,149,943
Less: Notes held by F.R. Banks not subject to collateralization 160,924
Federal Reserve notes to be collateralized 989,019
Collateral held against Federal Reserve notes 989,019
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 972,782
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,647,881
Less: Face value of securities under reverse repurchase agreements 61,038
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,586,843

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