H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks January 21, 2010 1. Factors Affecting Reserve Balances of Depository Institutions Millions of dollars Reserve Bank credit, related items, and Averages of daily figures reserve balances of depository institutions Week ended Change from week ended Wednesday at Federal Reserve Banks Jan 20, 2010 Jan 13, 2010 Jan 21, 2009 Jan 20, 2010 Reserve Bank credit 2,230,849 + 5,144 + 189,673 2,233,078 Securities held outright1 1,906,189 + 49,875 +1,400,866 1,909,715 U.S. Treasury securities 776,609 + 9 + 301,228 776,611 Bills2 18,423 0 0 18,423 Notes and bonds, nominal2 708,697 + 1,048 + 295,783 708,872 Notes and bonds, inflation-indexed2 43,901 - 742 + 4,523 43,777 Inflation compensation3 5,588 - 298 + 921 5,539 Federal agency debt securities2 161,183 + 490 + 137,025 162,203 Mortgage-backed securities4 968,398 + 49,377 + 962,614 970,901 Repurchase agreements5 0 0 - 37,143 0 Term auction credit 38,531 - 37,387 - 377,500 38,531 Other loans 86,162 - 1,833 - 62,136 86,944 Primary credit 15,112 - 2,388 - 46,506 14,930 Secondary credit 973 + 7 + 899 968 Seasonal credit 0 - 1 - 1 0 Primary dealer and other broker-dealer credit6 0 0 - 32,679 0 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 0 0 - 15,482 0 Credit extended to American International Group, Inc., net7 22,420 + 210 - 16,025 23,389 Term Asset-Backed Securities Loan Facility, net8 47,657 + 338 + 47,657 47,657 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC9 13,813 - 268 - 336,127 13,111 Net portfolio holdings of Maiden Lane LLC10 26,744 + 7 - 387 26,758 Net portfolio holdings of Maiden Lane II LLC11 15,406 + 3 - 4,396 15,415 Net portfolio holdings of Maiden Lane III LLC12 22,411 + 61 - 4,535 22,471 Net portfolio holdings of TALF LLC13 298 0 + 298 298 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC14 25,106 0 + 25,106 25,106 Float -1,984 + 59 - 436 -2,927 Central bank liquidity swaps15 1,250 - 6,946 - 467,275 1,250 Other Federal Reserve assets16 96,923 + 1,571 + 53,337 96,406 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 + 3,000 5,200 Treasury currency outstanding17 42,726 + 14 + 1,377 42,726 Total factors supplying reserve funds 2,289,815 + 5,157 + 194,049 2,292,044 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 Averages of daily figures reserve balances of depository institutions Week ended Change from week ended Wednesday at Federal Reserve Banks Jan 20, 2010 Jan 13, 2010 Jan 21, 2009 Jan 20, 2010 Currency in circulation17 919,286 - 1,165 + 34,397 919 ,651 Reverse repurchase agreements18 64,037 + 1,247 - 12,217 62,930 Foreign official and international accounts 64,037 + 1,247 - 12,217 62,930 Dealers 0 0 0 0 Treasury cash holdings 254 + 1 - 20 251 Deposits with F.R. Banks, other than reserve balances 159,159 - 15,754 - 82,177 181,830 U.S. Treasury, general account 143,908 + 7,526 + 108,398 170,437 U.S. Treasury, supplementary financing account 5,001 0 - 194,746 5,001 Foreign official 3,160 + 49 + 2,969 3,215 Service-related 2,761 - 261 - 1,643 2,761 Required clearing balances 2,761 - 260 - 1,643 2,761 Adjustments to compensate for float 0 0 0 0 Other 4,329 - 23,068 + 2,844 415 Other liabilities and capital19 68,149 + 1,132 + 18,191 67,136 Total factors, other than reserve balances, absorbing reserve funds 1,210,884 - 14,541 - 41,827 1,231,796 Reserve balances with Federal Reserve Banks 1,078,931 + 19,698 + 235,877 1,060,248 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight and term securities lending facilities; 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. Includes credit extended through the Primary Dealer Credit Facility and credit extended to certain other broker-dealers. 7. Includes outstanding principal and capitalized interest net of unamortized deferred commitment fees and allowance for loan restructuring. Excludes credit extended to consolidated LLCs. 8. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility, net of unamortized deferred administrative fees. 9. Refer to table 7 and the note on consolidation accompanying table 11. 10.Refer to table 4 and the note on consolidation accompanying table 11. 11.Refer to table 5 and the note on consolidation accompanying table 11. 12.Refer to table 6 and the note on consolidation accompanying table 11. 13.Refer to table 8 and the note on consolidation accompanying table 11. 14.Refer to table 9. 15.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. 16.Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, and accrued dividends on the Federal Reserve Bank of New York's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. 17.Estimated. 18.Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt securities. 19.Includes the liabilities of Commercial Paper Funding Facility LLC, 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 8 and the note on consolidation accompanying table 11. Sources: Federal Reserve Banks and the U.S. Department of the Treasury.

H.4.1 1A. Memorandum Items Millions of dollars Averages of daily figures Wednesday Memorandum item Week ended Change from week ended Jan 20, 2010 Jan 20, 2010 Jan 13, 2010 Jan 21, 2009 Marketable securities held in custody for foreign official and international accounts1 2,945,806 - 4,951 + 404,507 2,951,011 U.S. Treasury securities 2,178,732 - 5,045 + 443,681 2,183,520 Federal agency securities2 767,074 + 93 - 39,174 767,490 Securities lent to dealers 6,217 - 3,477 - 134,585 5,460 Overnight facility3 6,217 - 3,477 - 1,485 5,460 U.S. Treasury securities 5,722 - 3,460 - 1,980 5,002 Federal agency debt securities 495 - 17 + 495 458 Term facility4 0 0 - 133,100 0 Note: Components may not sum to totals because of rounding. 1. Face value of the securities. Includes U.S. Treasury STRIPS, other zero-coupon bonds, and mortgage-backed securities at face value. 2. Includes debt and mortgage-backed securities. 3. Fully collateralized by U.S. Treasury securities. 4. U.S. Treasury securities only. Fully collateralized by U.S. Treasury securities, federal agency securities, and other highly rated debt securities. 2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, January 20, 2010 Millions of dollars Remaining maturity Within 15 days 16 days to 91 days to Over 1 year Over 5 years Over 10 All 90 days 1 year to 5 years to 10 years years Term auction credit 0 38,531 ... ... ... ... 38,531 Other loans1 15,430 468 0 71,046 0 ... 86,944 U.S. Treasury securities2 Holdings 14,407 28,796 46,209 327,155 214,776 145,267 776,611 Weekly changes - 4,859 + 7,592 - 4,564 + 277 + 1,053 + 508 + 8 Federal agency debt securities3 Holdings 0 3,131 23,018 100,336 33,371 2,347 162,203 Weekly changes - 68 0 + 446 + 2,063 - 1,067 0 + 1,374 Mortgage-backed securities4 Holdings 0 0 0 0 0 970,901 970,901 Weekly changes 0 0 0 0 0 + 2,311 + 2,311 Commercial paper held by Commercial Paper Funding Facility LLC5 7,463 977 0 ... ... ... 8,440 Asset-backed securities held by TALF LLC6 0 0 0 0 0 0 0 Repurchase agreements7 0 0 ... ... ... ... 0 Central bank liquidity swaps8 1,150 100 0 0 0 0 1,250 Reverse repurchase agreements7 62,930 0 ... ... ... ... 62,930 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 Commercial Paper Funding Facility LLC, 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 commercial paper held by Commercial Paper Funding Facility LLC. 6. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets. 7. Cash value of agreements. 8. 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 Wednesday Account name Jan 20, 2010 Mortgage-backed securities held outright1 970,901 Commitments to buy mortgage-backed securities2 129,643 Commitments to sell mortgage-backed securities2 3,345 Cash and cash equivalents3 811 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 as well as dollar rolls. 3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 10 and table 11. 4. Information on Principal Accounts of Maiden Lane LLC Millions of dollars Wednesday Account name Jan 20, 2010 Net portfolio holdings of Maiden Lane LLC1 26,758 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 28,820 Accrued interest payable to the Federal Reserve Bank of New York2 421 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 1,252 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 September 30, 2009. 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 11. 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 10 and table 11. 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 Jan 20, 2010 Net portfolio holdings of Maiden Lane II LLC1 15,415 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 15,479 Accrued interest payable to the Federal Reserve Bank of New York2 276 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3 1,038 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if th e transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of September 30, 2009. 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 11. 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 10 and table 11. 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 Wednesday Account name Jan 20, 2010 Net portfolio holdings of Maiden Lane III LLC1 22,471 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 17,743 Accrued interest payable to the Federal Reserve Bank of New York2 353 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 5,202 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 September 30, 2009. 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 11. 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 10 and table 11. 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 Commercial Paper Funding Facility LLC Millions of dollars Wednesday Account name Jan 20, 2010 Commercial paper holdings, net1 8,294 Other investments, net 4,817 Net portfolio holdings of Commercial Paper Funding Facility LLC 13,111 Memorandum: Commercial paper holdings, face value 8,440 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 8,377 Accrued interest payable to the Federal Reserve Bank of New York2 5 1. Book value, which includes amortized cost and related fees. 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 11. Note: On October 27, 2008, the Federal Reserve Bank of New York began extending loans under the authority of section 13(3) of the Federal Reserve Act to Commercial Paper Funding Facility LLC. This LLC is a limited liability company formed to purchase three-month U.S. dollardenominated commercial paper from eligible issuers and thereby foster liquidity in short-term funding markets and increase the availability of credit for businesses and households.

H.4.1 8. Information on Principal Accounts of TALF LLC Millions of dollars Wednesday Account name Jan 20, 2010 Asset-backed securities holdings1 0 Other investments, net 298 Net portfolio holdings of TALF LLC 298 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 103 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 11. 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 10 and table 11. 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 $20 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 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. 9. Supplemental Information on the Federal Reserve Bank of New York's Preferred Interests in AIA Aurora LLC and ALICO Holdings LLC Millions of dollars Wednesday Account name Jan 20, 2010 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC1 25,106 Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC2 69 Preferred interests in AIA Aurora LLC1 16,068 Accrued dividends on preferred interests in AIA Aurora LLC2 44 Preferred interests in ALICO Holdings LLC1 9,038 Accrued dividends on preferred interests in ALICO Holdings LLC2 25 Note: Components may not sum to totals because of rounding. 1. Book value. 2. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 10 and table 11. Note on preferred interests: In conjunction with the restructuring of the government's assistance to American International Group, Inc. (AIG) announced March 2, 2009, the outstanding balance and amount available of revolving credit provided to AIG by the FRBNY has been reduced in exchange for preferred interests in two special purpose vehicles, AIA Aurora LLC and ALICO Holdings LLC. These two limited liability companies were created to directly or indirectly hold all of the outstanding common stock of American International Assurance Company Ltd. (AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG. AIG will retain control of AIA Aurora LLC and ALICO Holdings LLC, and the FRBNY will have certain consent, disposition, and conversion rights with respect to its preferred interests. Dividends accrue as a percentage of the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. On a quarterly basis, the accrued dividends are capitalized and added to the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC.

H.4.1 10. Consolidated Statement of Condition of All Federal Reserve Banks Millions of dollars Change since Eliminations from Assets, liabilities, and capital consolidation Wednesday Wednesday Wednesday Jan 20, 2010 Jan 13, 2010 Jan 21, 2009 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 + 3,000 Coin 2,150 + 52 + 361 Securities, repurchase agreements, term auction credit, and other loans 2,035,190 - 32,509 + 944,365 Securities held outright1 1,909,715 + 3,693 +1,404,245 U.S. Treasury securities 776,611 + 8 + 301,289 Bills2 18,423 0 0 Notes and bonds, nominal2 708,872 + 1,223 + 295,958 Notes and bonds, inflation-indexed2 43,777 - 866 + 4,399 Inflation compensation3 5,539 - 350 + 931 Federal agency debt securities2 162,203 + 1,374 + 138,045 Mortgage-backed securities4 970,901 + 2,311 + 964,910 Repurchase agreements5 0 0 - 20,000 Term auction credit 38,531 - 37,387 - 377,500 Other loans 86,944 + 1,184 - 62,380 Net portfolio holdings of Commercial Paper Funding Facility LLC6 13,111 - 981 - 337,413 Net portfolio holdings of Maiden Lane LLC7 26,758 + 16 - 423 Net portfolio holdings of Maiden Lane II LLC8 15,415 + 11 - 4,398 Net portfolio holdings of Maiden Lane III LLC9 22,471 + 70 - 4,496 Net portfolio holdings of TALF LLC10 298 0 + 298 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC11 25,106 0 + 25,106 Items in process of collection (407) 667 + 339 - 896 Bank premises 2,243 + 1 + 59 Central bank liquidity swaps12 1,250 - 4,645 - 461,546 Other assets13 94,198 - 2,202 + 52,490 Total assets (407) 2,255,093 - 39,849 + 216,506 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

H.4.1 10. Consolidated Statement of Condition of All Federal Reserve Banks (continued) Millions of dollars Change since Eliminations from Assets, liabilities, and capital consolidation Wednesday Wednesday Wednesday Jan 20, 2010 Jan 13, 2010 Jan 21, 2009 Liabilities Federal Reserve notes, net of F.R. Bank holdings 879,322 + 102 + 31,124 Reverse repurchase agreements14 62,930 - 1,436 - 12,095 Deposits (0) 1,242,111 - 34,122 + 181,315 Depository institutions 1,063,042 - 72,203 + 254,743 U.S. Treasury, general account 170,437 + 46,262 + 123,732 U.S. Treasury, supplementary financing account 5,001 0 - 194,746 Foreign official 3,215 + 331 + 3,028 Other (0) 415 - 8,512 - 5,442 Deferred availability cash items (407) 3,594 + 715 - 680 Other liabilities and accrued dividends15 15,148 - 4,772 + 6,615 Total liabilities (407) 2,203,106 - 39,512 + 206,279 Capital accounts Capital paid in 25,649 - 3 + 4,135 Surplus 25,192 - 104 + 5,779 Other capital accounts 1,147 - 228 + 313 Total capital 51,987 - 337 + 10,227 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight and term securities lending facilities; 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. Refer to table 7 and the note on consolidation accompanying table 11. 7. Refer to table 4 and the note on consolidation accompanying table 11. 8. Refer to table 5 and the note on consolidation accompanying table 11. 9. Refer to table 6 and the note on consolidation accompanying table 11. 10. Refer to table 8 and the note on consolidation accompanying table 11. 11. Refer to table 9. 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 accrued dividends on the Federal Reserve Bank of New York's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. 14. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt securities. 15. Includes the liabilities of Commercial Paper Funding Facility LLC, 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 8 and the note on consolidation accompanying table 11.

H.4.1 11. Statement of Condition of Each Federal Reserve Bank, January 20, 2010 Millions of dollars Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco Assets Gold certificate account 11,037 412 3,895 450 467 882 1,356 911 329 197 335 621 1,182 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574 Coin 2,150 66 82 172 161 309 223 318 37 67 143 228 345 Securities, repurchase agreements, term auction credit, and other loans 2,035,190 38,778 861,013 30,407 75,638 69,364 230,576 208,684 75,228 31,890 86,650 92,890 234,071 Securities held outright1 1,909,715 36,634 746,461 29,627 75,449 68,820 230,094 206,652 74,815 31,616 86,203 92,337 231,005 U.S. Treasury securities 776,611 14,898 303,558 12,048 30,682 27,987 93,571 84,038 30,425 12,857 35,056 37,550 93,941 Bills2 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228 Notes and bonds3 758,188 14,544 296,357 11,763 29,955 27,323 91,351 82,044 29,703 12,552 34,224 36,659 91,713 Federal agency debt securities2 162,203 3,112 63,401 2,516 6,408 5,845 19,543 17,552 6,354 2,685 7,322 7,843 19,621 Mortgage-backed securities4 970,901 18,625 379,501 15,063 38,358 34,988 116,980 105,062 38,036 16,074 43,826 46,944 117,443 Repurchase agreements5 0 0 0 0 0 0 0 0 0 0 0 0 0 Term auction credit 38,531 2,025 28,711 563 189 460 388 1,725 395 239 438 540 2,858 Other loans 86,944 119 85,841 216 0 84 93 307 18 35 10 13 207 Net portfolio holdings of Commercial Paper Funding Facility LLC6 13,111 0 13,111 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane LLC7 26,758 0 26,758 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC8 15,415 0 15,415 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC9 22,471 0 22,471 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF LLC10 298 0 298 0 0 0 0 0 0 0 0 0 0 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC11 25,106 0 25,106 0 0 0 0 0 0 0 0 0 0 Items in process of collection 1,074 38 0 76 182 16 338 52 61 71 65 79 95 Bank premises 2,243 121 262 71 144 238 221 205 135 111 268 253 214 Central bank liquidity swaps12 1,250 50 333 137 92 355 96 42 12 19 12 16 86 Other assets13 94,198 2,366 33,644 3,880 4,584 9,816 10,171 8,209 2,950 1,549 3,343 3,655 10,029 Interdistrict settlement account 0 + 11,222 + 189,939 + 38,216 - 29,916 + 169,082 - 93,459 - 102,523 - 37,320 - 10,170 - 40,269 - 28,082 - 66,720 Total assets 2,255,500 53,248 1,194,144 73,619 51,589 250,474 150,175 116,322 41,584 23,824 50,701 69,943 179,876 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

H.4.1 11. Statement of Condition of Each Federal Reserve Bank, January 20, 2010 (continued) Millions of dollars Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco Liabilities Federal Reserve notes outstanding 1,081,233 35,660 397,385 38,212 44,724 82,351 137,020 85,303 32,867 19,302 28,736 63,140 116,532 Less: Notes held by F.R. Banks 201,911 4,572 71,572 5,977 8,448 11,278 33,862 13,205 4,555 2,802 3,520 13,893 28,228 Federal Reserve notes, net 879,322 31,088 325,814 32,235 36,276 71,073 103,158 72,098 28,312 16,501 25,216 49,247 88,304 Reverse repurchase agreements14 62,930 1,207 24,598 976 2,486 2,268 7,582 6,810 2,465 1,042 2,841 3,043 7,612 Deposits 1,242,111 18,727 818,708 34,477 7,864 162,394 34,707 34,822 9,766 4,282 21,545 16,133 78,686 Depository institutions 1,063,042 18,715 639,847 34,471 7,860 162,256 34,704 34,789 9,763 4,281 21,544 16,132 78,680 U.S. Treasury, general account 170,437 0 170,437 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 5,001 0 5,001 0 0 0 0 0 0 0 0 0 0 Foreign official 3,215 2 3,186 4 3 11 3 1 0 1 0 1 3 Other 415 10 236 2 1 126 0 32 2 0 1 0 4 Deferred availability cash items 4,001 115 0 348 712 142 436 335 147 377 258 320 812 Other liabilities and accrued dividends15 15,148 226 9,585 223 385 539 994 892 355 189 369 439 952 Total liabilities 2,203,513 51,363 1,178,704 68,259 47,724 236,415 146,876 114,957 41,047 22,391 50,230 69,182 176,366 Capital Capital paid in 25,649 944 7,442 2,802 1,921 7,140 1,581 619 240 712 208 352 1,687 Surplus 25,192 941 7,461 2,557 1,910 6,920 1,581 619 240 712 210 353 1,687 Other capital 1,147 0 537 0 34 0 137 127 56 9 54 57 136 Total liabilities and capital 2,255,500 53,248 1,194,144 73,619 51,589 250,474 150,175 116,322 41,584 23,824 50,701 69,943 179,876 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

H.4.1 11. Statement of Condition of Each Federal Reserve Bank, January 20, 2010 (continued) 1. Includes securities lent to dealers under the overnight and term securities lending facilities; 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. Refer to table 7 and the note on consolidation below. 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 8 and the note on consolidation below. 11. Refer to table 9. 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 accrued dividends on the Federal Reserve Bank of New York's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. 14. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt securities. 15. Includes the liabilities of Commercial Paper Funding Facility LLC, 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 8 and the note on consolidation below. 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 October 27, 2008, the FRBNY began extending loans to Commercial Paper Funding Facility LLC, which was formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers. 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 assetbacked 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 sole beneficiary of Commercial Paper Funding Facility LLC. 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 10), 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 10).

H.4.1 12. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts Millions of dollars Wednesday Federal Reserve notes and collateral Jan 20, 2010 Federal Reserve notes outstanding 1,081,233 Less: Notes held by F.R. Banks not subject to collateralization 201,911 Federal Reserve notes to be collateralized 879,322 Collateral held against Federal Reserve notes 879,322 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 863,085 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 1,909,715 Less: Face value of securities under reverse repurchase agreements 62,288 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,847,427 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 and term securities lending facilities; refer to table 1A.