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 March 18, 2010 1. Factors Affecting Reserve Balances of Depository Institutions Millions of dollars Reserve Bank credit, related items, and Averages of daily figures Wednesday reserve balances of depository institutions at Week ended Change from week ended Mar 17, 2010 Federal Reserve Banks Mar 17, 2010 Mar 10, 2010 Mar 18, 2009 Reserve Bank credit 2,292,461 + 29,943 + 251,075 2,290,367 Securities held outright1 2,011,499 + 39,745 +1,264,852 2,010,556 U.S. Treasury securities 776,615 + 38 + 301,927 776,629 Bills2 18,423 0 0 18,423 Notes and bonds, nominal2 708,872 0 + 295,958 708,872 Notes and bonds, inflation-indexed2 43,777 0 + 4,399 43,777 Inflation compensation3 5,543 + 38 + 1,569 5,557 Federal agency debt securities2 168,052 + 327 + 122,584 167,488 Mortgage-backed securities4 1,066,832 + 39,380 + 840,342 1,066,440 Repurchase agreements5 0 0 0 0 Term auction credit 3,410 - 12,015 - 465,179 3,410 Other loans 85,320 + 169 - 52,859 85,105 Primary credit 11,489 - 2,241 - 54,194 11,327 Secondary credit 600 - 157 + 589 600 Seasonal credit 9 0 + 6 9 Primary dealer and other broker-dealer credit6 0 0 - 19,675 0 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 0 0 - 9,229 0 Credit extended to American International Group, Inc., net7 24,983 + 8 - 18,596 24,982 Term Asset-Backed Securities Loan Facility, net8 48,239 + 2,559 + 48,239 48,187 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC9 7,759 + 10 - 233,271 7,764 Net portfolio holdings of Maiden Lane LLC10 27,270 + 9 + 1,087 27,286 Net portfolio holdings of Maiden Lane II LLC11 15,332 + 6 - 3,097 15,338 Net portfolio holdings of Maiden Lane III LLC12 22,120 + 106 - 5,481 22,135 Net portfolio holdings of TALF LLC13 372 0 + 372 372 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC14 25,106 0 + 25,106 25,106 Float -1,830 + 58 + 396 -1,993 Central bank liquidity swaps15 0 0 - 329,586 0 Other Federal Reserve assets16 96,103 + 1,856 + 48,736 95,288 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 + 3,000 5,200 Treasury currency outstanding17 42,811 + 14 + 571 42,811 Total factors supplying reserve funds 2,351,513 + 29,956 + 254,646 2,349,419 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 Wednesday reserve balances of depository institutions at Week ended Change from week ended Mar 17, 2010 Federal Reserve Banks Mar 17, 2010 Mar 10, 2010 Mar 18, 2009 Currency in circulation17 932,848 + 72 + 31,084 933,748 Reverse repurchase agreements18 56,249 + 975 - 9,331 55,696 Foreign official and international accounts 56,249 + 975 - 9,331 55,696 Dealers 0 0 0 0 Treasury cash holdings 203 - 1 - 102 218 Deposits with F.R. Banks, other than reserve balances 168,404 + 76,551 - 128,770 178,168 U.S. Treasury, general account 52,167 + 16,025 - 20,556 97,429 U.S. Treasury, supplementary financing account 74,988 + 24,995 - 124,949 74,988 Foreign official 2,750 + 75 + 647 2,746 Service-related 2,693 - 47 - 1,772 2,693 Required clearing balances 2,693 - 47 - 1,772 2,693 Adjustments to compensate for float 0 0 0 0 Other 35,806 + 35,502 + 17,860 311 Other liabilities and capital19 68,455 + 2,058 + 14,240 66,517 Total factors, other than reserve balances, absorbing reserve funds 1,226,158 + 79,653 - 92,881 1,234,347 Reserve balances with Federal Reserve Banks 1,125,355 - 49,696 + 347,527 1,115,072 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 Mar 17, 2010 Mar 17, 2010 Mar 10, 2010 Mar 18, 2009 Marketable securities held in custody for foreign official and international accounts1 2,996,693 + 14,914 + 406,498 3,009,459 U.S. Treasury securities 2,226,600 + 15,693 + 444,462 2,236,349 Federal agency securities2 770,093 - 779 - 37,965 773,110 Securities lent to dealers 5,222 - 117 - 104,531 5,934 Overnight facility3 5,222 - 117 + 1,589 5,934 U.S. Treasury securities 4,261 - 319 + 628 4,709 Federal agency debt securities 961 + 202 + 961 1,225 Term facility4 0 0 - 106,120 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, March 17, 2010 Millions of dollars Within 15 16 days to 91 days to Over 1 year Over 5 years Over 10 Remaining maturity All days 90 days 1 year to 5 years to 10 years years Term auction credit 0 3,410 ... ... ... ... 3,410 Other loans1 11,094 841 0 73,169 0 ... 85,105 U.S. Treasury securities2 Holdings 16,476 24,343 43,617 333,967 214,314 143,911 776,629 Weekly changes - 404 - 65 - 403 + 483 + 257 + 170 + 38 Federal agency debt securities3 Holdings 0 2,782 26,212 101,617 34,530 2,347 167,488 Weekly changes - 1,523 + 509 + 2,746 - 3,255 0 0 - 1,523 Mortgage-backed securities4 Holdings 0 0 0 31 21 1,066,388 1,066,440 Weekly changes 0 0 0 + 14 + 1 + 37,254 + 37,268 Commercial paper held by Commercial Paper Funding Facility LLC5 0 2,966 0 ... ... ... 2,966 Asset-backed securities held by TALF LLC6 0 0 0 0 0 0 0 Repurchase agreements7 0 0 ... ... ... ... 0 Reverse repurchase agreements7 55,696 0 ... ... ... ... 55,696 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.

H.4.1 3. Supplemental Information on Mortgage-Backed Securities Purchase Program Millions of dollars Wednesday Account name Mar 17, 2010 Mortgage-backed securities held outright1 1,066,440 Commitments to buy mortgage-backed securities2 97,425 Commitments to sell mortgage-backed securities2 0 Cash and cash equivalents3 453 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 Mar 17, 2010 Net portfolio holdings of Maiden Lane LLC1 27,286 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 449 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 1,261 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 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 Mar 17, 2010 Net portfolio holdings of Maiden Lane II LLC1 15,338 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 14,970 Accrued interest payable to the Federal Reserve Bank of New York2 306 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3 1,044 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 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 Mar 17, 2010 Net portfolio holdings of Maiden Lane III LLC1 22,135 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 16,929 Accrued interest payable to the Federal Reserve Bank of New York2 386 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 5,228 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 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 Mar 17, 2010 Commercial paper holdings, net1 2,892 Other investments, net 4,872 Net portfolio holdings of Commercial Paper Funding Facility LLC 7,764 Memorandum: Commercial paper holdings, face value 2,966 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 2,942 Accrued interest payable to the Federal Reserve Bank of New York2 1 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. dollar-denominated 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 Mar 17, 2010 Asset-backed securities holdings1 0 Other investments, net 372 Net portfolio holdings of TALF LLC 372 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 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. 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 Mar 17, 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 261 Preferred interests in AIA Aurora LLC1 16,068 Accrued dividends on preferred interests in AIA Aurora LLC2 167 Preferred interests in ALICO Holdings LLC1 9,038 Accrued dividends on preferred interests in ALICO Holdings LLC2 94 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 Wednesday Assets, liabilities, and capital Wednesday Wednesday consolidation Mar 17, 2010 Mar 10, 2010 Mar 18, 2009 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 + 3,000 Coin 2,114 - 19 + 287 Securities, repurchase agreements, term auction credit, and other loans 2,099,071 + 25,082 + 735,675 Securities held outright1 2,010,556 + 35,783 +1,251,091 U.S. Treasury securities 776,629 + 38 + 301,925 Bills2 18,423 0 0 Notes and bonds, nominal2 708,872 0 + 295,958 Notes and bonds, inflation-indexed2 43,777 0 + 4,399 Inflation compensation3 5,557 + 38 + 1,567 Federal agency debt securities2 167,488 - 1,523 + 119,216 Mortgage-backed securities4 1,066,440 + 37,268 + 829,951 Repurchase agreements5 0 0 0 Term auction credit 3,410 - 12,015 - 465,179 Other loans 85,105 + 1,314 - 50,237 Net portfolio holdings of Commercial Paper Funding Facility LLC6 7,764 + 7 - 232,949 Net portfolio holdings of Maiden Lane LLC7 27,286 + 19 + 1,074 Net portfolio holdings of Maiden Lane II LLC8 15,338 + 7 - 3,101 Net portfolio holdings of Maiden Lane III LLC9 22,135 + 17 - 5,493 Net portfolio holdings of TALF LLC10 372 0 + 372 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC11 25,106 0 + 25,106 Items in process of collection (71) 343 + 44 - 45 Bank premises 2,239 + 1 + 52 Central bank liquidity swaps12 0 0 - 329,012 Other assets13 93,374 + 379 + 47,792 Total assets (71) 2,311,379 + 25,536 + 242,759 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 Wednesday Assets, liabilities, and capital Wednesday Wednesday consolidation Mar 17, 2010 Mar 10, 2010 Mar 18, 2009 Liabilities Federal Reserve notes, net of F.R. Bank holdings 893,265 - 358 + 30,533 Reverse repurchase agreements14 55,696 - 207 - 9,331 Deposits (0) 1,293,565 + 26,615 + 210,157 Depository institutions 1,118,090 - 72,666 + 337,784 U.S. Treasury, general account 97,429 + 74,137 - 2,950 U.S. Treasury, supplementary financing account 74,988 + 24,995 - 124,949 Foreign official 2,746 + 130 + 256 Other (0) 311 + 16 + 16 Deferred availability cash items (71) 2,336 + 19 - 597 Other liabilities and accrued dividends15 12,937 - 1,293 + 3,532 Total liabilities (71) 2,257,799 + 24,775 + 234,294 Capital accounts Capital paid in 26,221 + 145 + 3,688 Surplus 25,499 + 110 + 4,359 Other capital accounts 1,860 + 507 + 417 Total capital 53,580 + 762 + 8,465 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, March 17, 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 2,114 74 81 169 155 315 199 330 28 67 145 205 348 Securities, repurchase agreements, term auction credit, and other loans 2,099,071 38,583 871,751 31,298 79,507 72,632 242,424 217,958 78,795 33,303 90,761 97,983 244,075 Securities held outright1 2,010,556 38,569 785,877 31,192 79,433 72,454 242,244 217,564 78,766 33,286 90,755 97,213 243,204 U.S. Treasury securities 776,629 14,898 303,565 12,049 30,683 27,987 93,573 84,040 30,425 12,857 35,056 37,551 93,944 Bills2 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228 Notes and bonds3 758,206 14,545 296,364 11,763 29,955 27,323 91,353 82,046 29,704 12,552 34,225 36,660 91,715 Federal agency debt securities2 167,488 3,213 65,467 2,598 6,617 6,036 20,180 18,124 6,562 2,773 7,560 8,098 20,260 Mortgage-backed securities4 1,066,440 20,458 416,845 16,545 42,133 38,431 128,491 115,400 41,779 17,655 48,138 51,564 129,000 Repurchase agreements5 0 0 0 0 0 0 0 0 0 0 0 0 0 Term auction credit 3,410 0 1,845 20 74 160 125 294 28 5 5 0 854 Other loans 85,105 14 84,029 86 0 19 54 100 1 13 1 770 18 Net portfolio holdings of Commercial Paper Funding Facility LLC6 7,764 0 7,764 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane LLC7 27,286 0 27,286 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC8 15,338 0 15,338 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC9 22,135 0 22,135 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF LLC10 372 0 372 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 414 12 96 33 85 7 31 23 8 37 17 37 28 Bank premises 2,239 121 260 70 143 238 220 209 136 110 267 252 213 Central bank liquidity swaps12 0 0 0 0 0 0 0 0 0 0 0 0 0 Other assets13 93,374 2,256 34,137 3,855 4,546 9,564 9,673 7,876 2,892 1,839 3,260 3,635 9,839 Interdistrict settlement account 0 + 7,581 + 108,583 + 45,906 - 20,137 + 203,825 - 95,022 - 102,063 - 39,903 - 7,008 - 37,066 - 28,460 - 36,235 Total assets 2,311,450 49,235 1,118,624 81,991 65,003 287,875 159,535 125,668 42,434 28,634 57,872 74,555 220,025 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, March 17, 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 1,079,178 35,222 392,853 38,643 44,443 83,006 137,014 86,223 32,547 19,810 28,579 65,444 115,393 Less: Notes held by F.R. Banks 185,913 4,468 64,124 5,545 7,718 10,588 32,957 11,811 4,006 2,944 3,328 12,970 25,455 Federal Reserve notes, net 893,265 30,754 328,729 33,098 36,725 72,418 104,057 74,412 28,541 16,867 25,252 52,474 89,938 Reverse repurchase agreements14 55,696 1,068 21,770 864 2,200 2,007 6,711 6,027 2,182 922 2,514 2,693 6,737 Deposits 1,293,565 15,273 743,703 41,990 21,284 198,567 44,515 42,976 10,856 8,928 29,241 17,969 118,263 Depository institutions 1,118,090 15,249 568,351 41,985 21,288 198,497 44,513 42,969 10,844 8,927 29,239 17,968 118,259 U.S. Treasury, general account 97,429 0 97,429 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 74,988 0 74,988 0 0 0 0 0 0 0 0 0 0 Foreign official 2,746 1 2,717 4 3 11 2 1 0 1 0 1 3 Other 311 22 216 0 -7 59 0 6 11 0 1 0 1 Deferred availability cash items 2,407 60 0 208 598 85 163 167 56 309 115 204 442 Other liabilities and accrued dividends15 12,937 190 8,632 216 310 534 713 634 265 159 266 329 690 Total liabilities 2,257,870 47,346 1,102,835 76,376 61,118 273,611 156,158 124,215 41,899 27,184 57,387 73,669 216,070 Capital Capital paid in 26,221 914 7,531 2,965 1,898 7,184 1,596 645 236 712 209 407 1,925 Surplus 25,499 945 7,512 2,650 1,910 7,080 1,581 620 240 712 210 353 1,687 Other capital 1,860 30 746 0 77 0 200 188 59 26 66 127 342 Total liabilities and capital 2,311,450 49,235 1,118,624 81,991 65,003 287,875 159,535 125,668 42,434 28,634 57,872 74,555 220,025 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, March 17, 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 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 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 Mar 17, 2010 Federal Reserve notes outstanding 1,079,178 Less: Notes held by F.R. Banks not subject to collateralization 185,913 Federal Reserve notes to be collateralized 893,265 Collateral held against Federal Reserve notes 893,265 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 877,028 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,010,556 Less: Face value of securities under reverse repurchase agreements 55,216 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,955,341 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.