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FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks August 11, 2011 1. Factors Affecting Reserve Balances of Depository Institutions Millions of dollars Reserve Bank credit, related items, and reserve balances of depository institutions at Federal Reserve Banks Reserve Bank credit Securities held outright1 U.S. Treasury securities Bills2 Notes and bonds, nominal2 Notes and bonds, inflation-indexed2 Inflation compensation3 Federal agency debt securities2 Mortgage-backed securities4 Repurchase agreements5 Loans Primary credit Secondary credit Seasonal credit Credit extended to American International Group, Inc., net6 Term Asset-Backed Securities Loan Facility7 Other credit extensions Net portfolio holdings of Commercial Paper Funding Facility LLC8 Net portfolio holdings of Maiden Lane LLC9 Net portfolio holdings of Maiden Lane II LLC10 Net portfolio holdings of Maiden Lane III LLC11 Net portfolio holdings of TALF LLC12 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC6 Float Central bank liquidity swaps13 Other Federal Reserve assets14 Gold stock Special drawing rights certificate account Treasury currency outstanding15 Week ended Aug 10, 2011 2,854,724 2,653,620 1,643,900 18,423 1,550,470 65,643 9,365 112,435 897,285 0 11,919 6 0 91 Averages of daily figures Change from week ended Aug 3, 2011 Aug 11, 2010 + + + + + + + 5,199 4,535 4,535 0 4,398 122 16 0 0 0 43 4 0 10 + + + + + + + Wednesday Aug 10, 2011 545,712 599,110 866,888 0 838,450 24,514 3,924 46,946 220,832 0 50,455 8 1 12 2,856,360 2,654,462 1,644,743 18,423 1,550,943 65,948 9,429 112,435 897,285 0 11,913 10 0 98 0 11,821 0 - 0 50 0 - 23,512 26,947 0 0 11,804 0 0 20,820 10,063 21,527 767 + 0 1 116 59 0 + 1 8,634 5,895 1,704 227 0 20,822 10,064 21,622 767 0 50 0 815 0 0 14 + + + 25,733 626 1,246 39,416 0 0 734 0 -1,291 0 138,001 11,041 5,200 44,050 + 546,445 2,916,650 0 -1,135 0 137,143 11,041 5,200 44,050 + + Total factors supplying reserve funds 2,915,014 + 5,213 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. H.4.1 1. Factors Affecting Reserve Balances of Depository Institutions (continued) Millions of dollars Reserve Bank credit, related items, and reserve balances of depository institutions at Federal Reserve Banks Currency in circulation15 Reverse repurchase agreements16 Foreign official and international accounts Others Treasury cash holdings Deposits with F.R. Banks, other than reserve balances Term deposits held by depository institutions U.S. Treasury, general account U.S. Treasury, supplementary financing account Foreign official Service-related Required clearing balances Adjustments to compensate for float Other Funds from American International Group, Inc. asset dispositions, held as agent6 Other liabilities and capital17 Total factors, other than reserve balances, absorbing reserve funds Reserve balances with Federal Reserve Banks Note: Components may not sum to totals because of rounding. Week ended Aug 10, 2011 1,033,507 74,579 74,579 0 127 87,618 5,088 23,425 0 484 2,490 2,490 0 56,130 Averages of daily figures Change from week ended Aug 3, 2011 Aug 11, 2010 + 1,703 4,767 4,767 0 11 26,155 0 33,486 0 351 0 0 0 6,979 0 69,769 + 0 432 - 0 3,632 0 70,003 1,265,600 - 19,241 - 57,790 1,291,088 1,649,415 + 24,455 + 604,235 1,625,563 1. 2. 3. 4. + + + + + + + + + + + Wednesday Aug 10, 2011 + 87,095 14,599 14,831 231 72 155,779 2,969 12,688 199,957 1,598 33 33 0 55,461 1,034,543 96,807 96,807 0 113 89,622 5,088 14,599 0 2,625 2,490 2,490 0 64,820 Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. Face value of the securities. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 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. H.4.1 1A. Memorandum Items Millions of dollars Memorandum item Week ended Aug 10, 2011 Marketable securities held in custody for foreign official and international accounts1 U.S. Treasury securities Federal agency securities2 Securities lent to dealers Overnight facility3 U.S. Treasury securities Federal agency debt securities Note: Components may not sum to totals because of rounding. Averages of daily figures Change from week ended Aug 3, 2011 Aug 11, 2010 3,470,035 2,735,131 734,904 19,009 19,009 18,016 992 + + + - 6,798 6,244 555 4,392 4,392 4,193 200 + + + + + - Wednesday Aug 10, 2011 305,547 400,947 95,400 15,417 15,417 15,657 240 3,475,945 2,741,850 734,095 14,619 14,619 13,629 990 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, August 10, 2011 Millions of dollars Within 15 days Remaining maturity Loans1 U.S. Treasury securities2 Holdings Weekly changes Federal agency debt securities3 Holdings Weekly changes Mortgage-backed securities4 Holdings Weekly changes Asset-backed securities held by TALF LLC5 Repurchase agreements6 Central bank liquidity swaps7 16 days to 90 days 22 91 days to 1 year 86 Over 1 year to 5 years 1,564 16,846 2,157 - 14,631 2,157 + 2,659 884 - 2,108 884 16,639 0 68,537 0 0 0 0 0 0 0 16 0 0 0 0 0 0 0 0 ... 0 0 ... 0 0 0 ... 0 ... ... Reverse repurchase agreements6 96,807 Term deposits 5,088 Note: Components may not sum to totals because of rounding. . . . Not applicable. 116,236 2 10,241 + - Over 5 years to 10 years + 715,638 522 Over 10 years 0 + 580,770 3,312 ... - 20,145 0 + All 200,621 8 11,913 1,644,743 3,824 + 2,347 0 112,435 0 897,246 1 897,285 0 0 ... 0 0 ... 0 0 0 0 ... ... ... ... 96,807 5,088 23 1 - 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. H.4.1 3. Supplemental Information on Mortgage-Backed Securities Purchase Program Millions of dollars Account name Mortgage-backed securities held outright1 Commitments to buy mortgage-backed securities2 Commitments to sell mortgage-backed securities2 Wednesday Aug 10, 2011 897,285 0 0 Cash and cash equivalents3 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 Account name Net portfolio holdings of Maiden Lane LLC1 Wednesday Aug 10, 2011 20,822 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 17,693 Accrued interest payable to the Federal Reserve Bank of New York2 722 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 1,357 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 Account name Net portfolio holdings of Maiden Lane II LLC1 Wednesday Aug 10, 2011 10,064 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 6,808 Accrued interest payable to the Federal Reserve Bank of New York2 535 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3 1,092 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. H.4.1 6. Information on Principal Accounts of Maiden Lane III LLC Millions of dollars Account name Net portfolio holdings of Maiden Lane III LLC1 Wednesday Aug 10, 2011 21,622 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 10,854 Accrued interest payable to the Federal Reserve Bank of New York2 641 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 5,472 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 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 Account name Asset-backed securities holdings1 Other investments, net Net portfolio holdings of TALF LLC Wednesday Aug 10, 2011 0 767 767 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 0 Accrued interest payable to the Federal Reserve Bank of New York2 0 Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable3 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. H.4.1 8. Consolidated Statement of Condition of All Federal Reserve Banks Millions of dollars Assets, liabilities, and capital Assets Gold certificate account Special drawing rights certificate account Coin Securities, repurchase agreements, and loans Securities held outright1 U.S. Treasury securities Bills2 Notes and bonds, nominal2 Notes and bonds, inflation-indexed2 Inflation compensation3 Federal agency debt securities2 Mortgage-backed securities4 Repurchase agreements5 Loans Net portfolio holdings of Commercial Paper Funding Facility LLC6 Net portfolio holdings of Maiden Lane LLC7 Net portfolio holdings of Maiden Lane II LLC8 Net portfolio holdings of Maiden Lane III LLC9 Net portfolio holdings of TALF LLC10 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC11 Items in process of collection Bank premises Central bank liquidity swaps12 Other assets13 Eliminations from consolidation 11,037 5,200 2,189 2,666,375 2,654,462 1,644,743 18,423 1,550,943 65,948 9,429 112,435 897,285 0 11,913 0 20,822 10,064 21,622 767 (120) Change since Wednesday Wednesday Aug 3, 2011 Aug 11, 2010 Wednesday Aug 10, 2011 0 152 2,198 0 135,810 Total assets (120) 2,876,236 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. - 0 0 124 548,301 598,614 867,734 0 838,923 24,819 3,992 46,946 222,174 0 50,312 0 2 1 111 0 + 1 8,647 5,897 1,677 227 + 0 147 2 0 1,451 + 25,733 64 28 1,246 39,944 + 5,195 + 545,304 + + + + + + + - + + + + 0 0 3 3,772 3,824 3,824 0 3,317 427 80 0 0 0 52 + + + + + + + - H.4.1 8. Consolidated Statement of Condition of All Federal Reserve Banks (continued) Millions of dollars Assets, liabilities, and capital Liabilities Federal Reserve notes, net of F.R. Bank holdings Reverse repurchase agreements14 Deposits Term deposits held by depository institutions Other deposits held by depository institutions U.S. Treasury, general account U.S. Treasury, supplementary financing account Foreign official Other Deferred availability cash items Other liabilities and accrued dividends15 Total liabilities Capital accounts Capital paid in Surplus Other capital accounts Total capital Note: Components may not sum to totals because of rounding. 1. 2. 3. 4. Eliminations from consolidation (0) (0) (120) (120) Change since Wednesday Wednesday Aug 3, 2011 Aug 11, 2010 Wednesday Aug 10, 2011 992,791 96,807 1,715,192 5,088 1,628,060 14,599 0 2,625 64,820 1,443 18,237 + - + + + 271 28,184 23,279 0 19,807 17,672 0 2,500 11,700 102 659 + + + + + + + + 85,873 38,259 425,574 2,969 569,830 12,333 199,957 612 64,453 794 1,088 2,824,470 + 5,192 + 550,001 25,883 25,883 0 + + 2 2 0 + - 788 49 3,958 51,766 + 3 - 4,697 - Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. Face value of the securities. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 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. H.4.1 9. Statement of Condition of Each Federal Reserve Bank, August 10, 2011 Millions of dollars Assets, liabilities, and capital Assets Gold certificate account Special drawing rights certificate acct. Coin Securities, repurchase agreements, and loans Securities held outright1 U.S. Treasury securities Bills2 Notes and bonds3 Federal agency debt securities2 Mortgage-backed securities4 Repurchase agreements5 Loans Net portfolio holdings of Commercial Paper Funding Facility LLC6 Net portfolio holdings of Maiden Lane LLC7 Net portfolio holdings of Maiden Lane II LLC8 Net portfolio holdings of Maiden Lane III LLC9 Net portfolio holdings of TALF LLC10 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC11 Items in process of collection Bank premises Central bank liquidity swaps12 Other assets13 Interdistrict settlement account Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Kansas City Minneapolis San Francisco Dallas 11,037 5,200 2,189 390 196 51 3,866 1,818 69 432 210 165 450 237 163 872 412 361 1,394 654 195 854 424 329 319 150 41 197 90 60 318 153 167 728 282 228 1,217 574 361 2,666,375 2,654,462 1,644,743 18,423 1,626,320 112,435 897,285 0 11,913 65,264 65,264 40,438 453 39,985 2,764 22,061 0 0 1,246,243 1,234,439 764,876 8,567 756,309 52,287 417,276 0 11,804 90,931 90,931 56,342 631 55,711 3,852 30,737 0 0 71,703 71,703 44,428 498 43,930 3,037 24,238 0 0 306,563 306,563 189,951 2,128 187,823 12,985 103,627 0 0 197,350 197,340 122,274 1,370 120,905 8,359 66,706 0 10 157,648 157,636 97,674 1,094 96,580 6,677 53,286 0 11 50,273 50,241 31,130 349 30,781 2,128 16,983 0 32 40,830 40,795 25,277 283 24,994 1,728 13,790 0 35 70,624 70,610 43,751 490 43,261 2,991 23,868 0 14 104,984 104,984 65,050 729 64,321 4,447 35,488 0 0 263,962 263,956 163,551 1,832 161,719 11,180 89,225 0 6 0 0 0 0 0 0 0 0 0 0 0 0 0 20,822 0 20,822 0 0 0 0 0 0 0 0 0 0 10,064 0 10,064 0 0 0 0 0 0 0 0 0 0 21,622 767 0 0 21,622 767 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 272 2,198 0 135,810 0 0 25 123 0 3,631 2,325 0 0 255 0 58,118 + 210,570 0 49 67 0 6,485 10,573 0 103 137 0 4,960 10,845 0 5 235 0 18,193 - 117,775 0 -62 214 0 9,658 33,117 0 36 206 0 7,121 6,788 0 6 135 0 2,288 8,485 0 17 106 0 2,540 19,077 0 16 261 0 3,136 18,405 0 19 247 0 4,719 1,920 0 58 211 0 14,962 24,096 Total assets 2,876,356 67,355 1,574,214 108,912 88,596 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 208,866 - + + - 176,287 - 159,831 - 44,725 - 24,763 - 56,271 - 109,287 - 257,249 H.4.1 9. Statement of Condition of Each Federal Reserve Bank, August 10, 2011 (continued) Millions of dollars Assets, liabilities, and capital Total Liabilities Federal Reserve notes outstanding 1,152,623 Less: Notes held by F.R. Banks 159,832 Federal Reserve notes, net 992,791 Reverse repurchase agreements14 96,807 Deposits 1,715,192 Term deposits held by depository institutions 5,088 Other deposits held by depository institutions 1,628,060 U.S. Treasury, general account 14,599 U.S. Treasury, supplementary financing account 0 Foreign official 2,625 Other 64,820 Deferred availability cash items 1,563 Interest on Federal Reserve notes due to U.S. Treasury15 536 Other liabilities and accrued dividends16 17,701 Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 43,350 5,294 38,056 2,380 24,752 384,647 42,500 342,147 45,019 1,157,823 46,735 6,250 40,485 3,316 59,856 55,197 7,329 47,868 2,615 33,623 95,730 12,515 83,215 11,180 102,368 141,001 23,815 117,186 7,197 48,290 90,960 13,145 77,815 5,749 74,167 34,103 4,368 29,734 1,832 12,447 19,360 5,591 13,768 1,488 8,820 32,073 3,301 28,772 2,575 24,091 75,104 10,879 64,225 3,829 40,031 134,363 24,844 109,519 9,626 128,924 20 1,485 805 0 1,765 0 22 75 40 6 30 840 24,727 0 1,074,546 14,599 59,047 0 33,619 0 100,451 0 48,287 0 74,121 0 12,326 0 8,779 0 24,084 0 40,000 0 128,074 0 0 1 4 87 0 2,596 64,597 0 0 4 0 233 0 3 1 224 0 8 143 52 0 2 0 82 0 1 23 115 0 0 46 53 0 1 0 299 0 0 1 89 0 1 0 72 0 6 4 257 36 -204 43 33 163 101 88 26 19 39 57 134 200 13,907 271 270 769 481 414 183 148 185 291 581 2,824,590 65,511 1,558,693 104,204 84,633 197,747 173,337 158,348 44,275 24,543 55,752 108,505 249,042 25,883 25,883 0 922 922 0 7,760 7,760 0 2,354 2,354 0 1,982 1,982 0 5,560 5,560 0 1,475 1,475 0 742 742 0 225 225 0 110 110 0 260 260 0 391 391 0 4,103 4,103 0 Total liabilities and capital 2,876,356 67,355 1,574,214 108,912 88,596 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 208,866 176,287 159,831 44,725 24,763 56,271 109,287 257,249 Total liabilities Capital Capital paid in Surplus Other capital H.4.1 9. Statement of Condition of Each Federal Reserve Bank, August 10, 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). H.4.1 10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents’ Accounts Millions of dollars Federal Reserve notes and collateral Federal Reserve notes outstanding Less: Notes held by F.R. Banks not subject to collateralization Federal Reserve notes to be collateralized Collateral held against Federal Reserve notes Gold certificate account Special drawing rights certificate account U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 Other assets pledged Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 Less: Face value of securities under reverse repurchase agreements U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 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. Wednesday Aug 10, 2011 1,152,623 159,832 992,791 992,791 11,037 5,200 976,554 0 2,654,462 83,929 2,570,533
@FedFRASER