FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks December 16, 2010

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

Dec 15, 2010 Week ended

Dec 15, 2010

Change from week ended

 Dec 8, 2010 Dec 16, 2009

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,374,330 + 22,754 + 183,718 2,367,888

Securities held outright1 2,129,613 + 21,551 + 322,281 2,124,282

U.S. Treasury securities 960,796 + 23,565 + 184,235 967,553

Bills2 18,423 0 0 18,423

Notes and bonds, nominal2 889,827 + 21,724 + 182,178 896,578

Notes and bonds, inflation-indexed2 46,506 + 1,630 + 1,863 46,506

Inflation compensation3 6,041 + 212 + 194 6,046

Federal agency debt securities2 148,136 - 42 - 8,652 147,884

Mortgage-backed securities4 1,020,681 - 1,972 + 146,697 1,008,845

Repurchase agreements5 0 0 0 0

Term auction credit 0 0 - 85,832 0

Other loans 45,216 - 946 - 41,555 45,752

Primary credit 22 - 16 - 19,071 21

Secondary credit 0 0 - 212 0

Seasonal credit 28 + 1 - 8 29

Credit extended to American International

Group, Inc., net6 20,080 - 637 - 568 20,761

Term Asset-Backed Securities Loan Facility7 25,087 - 293 - 21,695 24,941

Other credit extensions 0 0 0 0

Net portfolio holdings of Commercial Paper

Funding Facility LLC8 0 0 - 14,032 0

Net portfolio holdings of Maiden Lane LLC9 27,425 - 181 + 921 26,914

Net portfolio holdings of Maiden Lane II LLC10 16,123 - 120 + 551 16,144

Net portfolio holdings of Maiden Lane III LLC11 23,099 - 103 + 475 23,121

Net portfolio holdings of TALF LLC12 647 - 1 + 381 648

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC13 26,057 0 + 1,057 26,057

Float -1,734 + 91 + 119 -2,044

Central bank liquidity swaps14 60 0 - 14,432 60

Other Federal Reserve assets15 107,823 + 2,461 + 13,782 106,954

Gold stock 11,041 0 0 11,041

Special drawing rights certificate account 5,200 0 0 5,200

Treasury currency outstanding16 43,539 + 14 + 850 43,539

Total factors supplying reserve funds 2,434,110 + 22,768 + 184,568 2,427,668

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

Averages of daily figures Wednesday

Dec 15, 2010 Week ended

Dec 15, 2010

Change from week ended

 Dec 8, 2010 Dec 16, 2009

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation16 978,423 + 2,070 + 55,712 979,658

Reverse repurchase agreements17 50,054 - 562 - 7,175 50,816

Foreign official and international accounts 50,054 - 562 - 6,815 50,816

Others 0 0 - 360 0

Treasury cash holdings 184 - 10 - 36 177

Deposits with F.R. Banks, other than reserve balances 251,044 + 17,376 + 147,880 302,641

Term deposits held by depository institutions 5,113 0 + 5,113 5,113

U.S. Treasury, general account 30,093 + 8,909 - 46,648 91,641

U.S. Treasury, supplementary financing account 199,961 + 2 + 184,961 199,961

Foreign official 3,096 + 70 + 1,572 3,161

Service-related 2,361 + 1 - 833 2,361

Required clearing balances 2,361 + 1 - 770 2,361

Adjustments to compensate for float 0 0 - 62 0

Other 10,420 + 8,394 + 3,714 403

Funds from American International Group, Inc. asset

dispositions, held as agent18 26,774 0 + 26,774 26,774

Other liabilities and capital19 73,844 + 777 + 4,322 72,882

Total factors, other than reserve balances,

absorbing reserve funds 1,380,323 + 19,652 + 227,477 1,432,949

Reserve balances with Federal Reserve Banks 1,053,787 + 3,116 - 42,908 994,719

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of

the underlying mortgages.

5. Cash value of agreements.

6. Includes outstanding principal and capitalized interest net of unamortized deferred commitment fees and allowance for loan restructuring.

Excludes credit extended to consolidated LLCs.

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 10.

10.Refer to table 5 and the note on consolidation accompanying table 10.

11.Refer to table 6 and the note on consolidation accompanying table 10.

12.Refer to table 7 and the note on consolidation accompanying table 10.

13.Refer to table 8.

14.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.

15.Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, accrued dividends on the Federal

Reserve Bank of New York’s (FRBNY) preferred interests in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit

extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

16.Estimated.

17.Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

18.Pending the closing of the recapitalization plan announced by American International Group, Inc. (AIG) on September 30, 2010, the cash proceeds

from the disposition of certain AIG assets will be held by the FRBNY as agent. At the closing of the recapitalization plan, the proceeds will be used

first to repay in full the credit extended to AIG by the FRBNY under the revolving credit facility and then to retire a portion of the FRBNY’s preferred

interests in AIA Aurora LLC and ALICO Holdings LLC (preferred interests). Alternatively, if the recapitalization plan is terminated under the terms of

the plan, then the proceeds from the initial public offering of AIA and the sale of ALICO will be used to redeem the preferred interests in accordance

with the AIA Aurora LLC	and ALICO Holdings LLC limited liability company agreements, and any excess proceeds from these transactions, as well

as proceeds from the disposition of other assets, will be used to repay the credit extended to AIG under the revolving credit facility.

19.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 10.

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

Dec 15, 2010 Week ended

Dec 15, 2010

Change from week ended

 Dec 8, 2010 Dec 16, 2009

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,337,043 - 3,554 + 388,541 3,340,442

U.S. Treasury securities 2,606,769 - 2,236 + 429,707 2,611,968

Federal agency securities2 730,274 - 1,318 - 41,167 728,474

Securities lent to dealers 9,416 - 951 + 522 10,734

Overnight facility3 9,416 - 951 + 522 10,734

U.S. Treasury securities 8,331 - 898 + 330 9,519

Federal agency debt securities 1,085 - 54 + 192 1,215

Note: Components may not sum to totals because of rounding.

1. Face value of the securities. Includes U.S. Treasury STRIPS and other zero-coupon bonds at face value and mortgage-backed securities at original

face value.

2. Includes debt and mortgage-backed securities.

3. Fully collateralized by U.S. Treasury securities.

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, December 15, 2010

Millions of dollars

Within 15

days

16 days to

90 days

91 days to

1 year

Over 1 year

to 5 years

Over 5 years

to 10 years

Over 10

years

Remaining maturity All

Other loans1 21 29 0 45,702 0 ... 45,752

U.S. Treasury securities2

Holdings 16,005 18,642 55,978 408,543 314,299 154,086 967,553

Weekly changes + 2,907 - 3,867 + 2,416 - 1,249 + 17,066 + 668 + 17,941

Federal agency debt securities3

Holdings 424 6,164 36,600 71,752 30,597 2,347 147,884

Weekly changes - 294 + 1,953 - 740 - 1,213 0 0 - 294

Mortgage-backed securities4

Holdings 0 0 0 25 21 1,008,800 1,008,845

Weekly changes 0 0 0 0 0 - 13,807 - 13,808

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

Repurchase agreements6 0 0 ... ... ... ... 0

Central bank liquidity swaps7 60 0 0 0 0 0 60

Reverse repurchase agreements6 50,816 0 ... ... ... ... 50,816

Term deposits 5,113 0 0 ... ... ... 5,113

Note: Components may not sum to totals because of rounding.

. . . Not applicable.

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden

Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY’s statement of condition consistent with consolidation

under generally accepted accounting principles.

2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the

original face value of such securities.

3. Face value.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the

underlying mortgages.

5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.

6. Cash value of agreements.

7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to

the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign

central bank.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities Purchase Program

Millions of dollars

Wednesday

Dec 15, 2010 Account name

Mortgage-backed securities held outright1 1,008,845

Commitments to buy mortgage-backed securities2 0

Commitments to sell mortgage-backed securities2 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 9 and table 10.

4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Wednesday

Dec 15, 2010 Account name

Net portfolio holdings of Maiden Lane LLC1 26,914

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 25,228

Accrued interest payable to the Federal Reserve Bank of New York2 609

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 1,312

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, 2010. 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 10.

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 9 and table 10.

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

Dec 15, 2010 Account name

Net portfolio holdings of Maiden Lane II LLC1 16,144

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 13,034

Accrued interest payable to the Federal Reserve Bank of New York2 444

Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3 1,070

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, 2010. 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 10.

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 9 and table 10.

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

Dec 15, 2010 Account name

Net portfolio holdings of Maiden Lane III LLC1 23,121

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 13,526

Accrued interest payable to the Federal Reserve Bank of New York2 538

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 5,358

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, 2010. 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 10.

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 9 and table 10.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority

of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations

(CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In

connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane

III LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due

to the FRBNY, interest due to the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and

AIG.

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Wednesday

Dec 15, 2010 Account name

Asset-backed securities holdings1 0

Other investments, net 648

Net portfolio holdings of TALF LLC 648

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 106

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 10.

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 9

and table 10.

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. 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

Dec 15, 2010 Account name

Preferred interests in AIA Aurora LLC and ALICO Holdings LLC1 26,057

Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC2 271

Preferred interests in AIA Aurora LLC1 16,676

Accrued dividends on preferred interests in AIA Aurora LLC2 174

Preferred interests in ALICO Holdings LLC1 9,380

Accrued dividends on preferred interests in ALICO Holdings LLC2 98

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 9 and table 10.

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

9. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Eliminations from

consolidation

Wednesday

Dec 15, 2010

Change since

Wednesday

 Dec 8, 2010

Wednesday

Dec 16, 2009

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,144 + 28 + 99

Securities, repurchase agreements, term auction

credit, and other loans 2,170,034 + 3,649 + 162,527

Securities held outright1 2,124,282 + 3,839 + 288,802

U.S. Treasury securities 967,553 + 17,941 + 190,988

Bills2 18,423 0 0

Notes and bonds, nominal2 896,578 + 16,099 + 188,929

Notes and bonds, inflation-indexed2 46,506 + 1,630 + 1,863

Inflation compensation3 6,046 + 211 + 195

Federal agency debt securities2 147,884 - 294 - 9,801

Mortgage-backed securities4 1,008,845 - 13,808 + 107,614

Repurchase agreements5 0 0 0

Term auction credit 0 0 - 85,832

Other loans 45,752 - 190 - 40,443

Net portfolio holdings of Commercial Paper

Funding Facility LLC6 0 0 - 14,039

Net portfolio holdings of Maiden Lane LLC7 26,914 - 720 + 336

Net portfolio holdings of Maiden Lane II LLC8 16,144 + 24 + 566

Net portfolio holdings of Maiden Lane III LLC9 23,121 + 25 + 479

Net portfolio holdings of TALF LLC10 648 + 1 + 382

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC11 26,057 0 + 1,057

Items in process of collection (89) 267 + 24 - 58

Bank premises 2,223 + 6 - 16

Central bank liquidity swaps12 60 0 - 14,432

Other assets13 104,702 + 431 + 12,681

Total assets (89) 2,388,550 + 3,466 + 149,582

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

9. Consolidated Statement of Condition of All Federal Reserve Banks (continued)

Millions of dollars

Eliminations from

consolidation

Wednesday

Dec 15, 2010

Change since

Wednesday

 Dec 8, 2010

Wednesday

Dec 16, 2009

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 938,436 + 908 + 55,049

Reverse repurchase agreements14 50,816 + 797 - 6,731

Deposits (0) 1,297,332 + 1,891 + 75,119

Term deposits held by depository institutions 5,113 0 + 5,113

Other deposits held by depository institutions 997,052 - 64,204 - 76,243

U.S. Treasury, general account 91,641 + 72,052 - 40,516

U.S. Treasury, supplementary financing account 199,961 + 2 + 184,961

Foreign official 3,161 + 1 + 1,721

Other (0) 403 - 5,961 + 82

Deferred availability cash items (89) 2,311 - 13 - 334

Other liabilities and accrued dividends15 42,929 + 122 + 22,002

Total liabilities (89) 2,331,823 + 3,703 + 145,105

Capital accounts

Capital paid in 26,832 + 46 + 1,195

Surplus 25,939 + 6 + 4,474

Other capital accounts 3,957 - 288 - 1,192

Total capital 56,728 - 236 + 4,477

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the

underlying mortgages.

5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

6. Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper

Funding Facility LLC.

7. Refer to table 4 and the note on consolidation accompanying table 10.

8. Refer to table 5 and the note on consolidation accompanying table 10.

9. Refer to table 6 and the note on consolidation accompanying table 10.

10.Refer to table 7 and the note on consolidation accompanying table 10.

11.Refer to table 8.

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, accrued dividends on the Federal

Reserve Bank of New York’s (FRBNY) preferred interests in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit

extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

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 10. Also includes funds from American International Group, Inc. asset dispositions, held as agent.
H.4.1

10. Statement of Condition of Each Federal Reserve Bank, December 15, 2010Millions of dollars

Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minn

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 369 4,038 404 463 846 1,385 887 324 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 Coin 2,144 55 71 171 161 339 187 331 33 Securities, repurchase agreements,

term auction credit, and otherloans 2,170,034 53,758 912,522 49,611 72,174 241,938 201,016 160,148 54,723 

Securities held outright1 2,124,282 53,758 866,819 49,608 72,174 241,933 201,016 160,142 54,718 

U.S. Treasury securities 967,553 24,486 394,813 22,595 32,873 110,194 91,557 72,940 24,922 

Bills2 18,423 466 7,517 430 626 2,098 1,743 1,389 475 Notes and bonds3 949,130 24,019 387,295 22,165 32,247 108,096 89,814 71,551 24,448 

Federal agency debt securities2 147,884 3,742 60,344 3,454 5,024 16,842 13,994 11,148 3,809 

Mortgage-backed securities4 1,008,845 25,531 411,662 23,559 34,276 114,897 95,465 76,053 25,986 

Repurchase agreements5 0 0 0 0 0 0 0 0 0 Term auction credit 0 0 0 0 0 0 0 0 0 Other loans 45,752 0 45,702 3 0 5 0 6 5 

Net portfolio holdings of Commercial

Paper Funding Facility LLC6 0 0 0 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane LLC7 26,914 0 26,914 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane II LLC8 16,144 0 16,144 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane III LLC9 23,121 0 23,121 0 0 0 0 0 0 

Net portfolio holdings of TALF LLC10 648 0 648 0 0 0 0 0 0 

Preferred interests in AIA Aurora LLC

and ALICO Holdings LLC11 26,057 0 26,057 0 0 0 0 0 0 

Items in process of collection 356 11 0 57 81 8 39 45 16 Bank premises 2,223 127 256 68 140 239 217 209 135 Central bank liquidity swaps12 60 2 17 7 4 17 4 1 1 Other assets13 104,702 2,960 39,876 4,683 4,581 16,124 9,000 6,514 2,278 Interdistrict settlement account 0 + 3,602 + 160,867 + 22,514 - 20,548 - 36,231 - 37,822 - 34,000 - 14,384 - 

Total assets 2,388,640 61,081 1,212,348 77,725 57,293 223,691 174,680 134,558 43,276 

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

10. Statement of Condition of Each Federal Reserve Bank, December 15, 2010 (continued)Millions of dollars

Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minn

Assets, liabilities, and capital

Liabilities

Federal Reserve notes outstanding 1,125,187 41,265 384,317 45,733 46,092 90,544 141,648 86,949 32,566 

Less: Notes held by F.R. Banks 186,751 4,772 68,544 5,287 7,181 13,507 21,432 12,270 4,368 

Federal Reserve notes, net 938,436 36,493 315,773 40,446 38,911 77,037 120,215 74,679 28,199 

Reverse repurchase agreements14 50,816 1,286 20,736 1,187 1,727 5,787 4,809 3,831 1,309 

Deposits 1,297,332 21,131 820,660 29,817 12,020 127,282 45,762 54,034 13,034 

Term deposits held by depository

institutions 5,113 20 1,978 800 15 414 12 17 5 

Other deposits held by depository

institutions 997,052 21,091 523,726 29,011 12,001 126,774 45,748 54,000 12,978 

U.S. Treasury, general account 91,641 0 91,641 0 0 0 0 0 0 U.S. Treasury, supplementary

financing account 199,961 0 199,961 0 0 0 0 0 0 

Foreign official 3,161 1 3,133 4 3 11 2 1 0 Other 403 18 221 1 1 83 0 16 51 

Deferred availability cash items 2,400 75 0 288 476 96 117 170 67 Other liabilities and accrued

dividends15 42,929 202 39,196 262 270 757 495 408 181 

Total liabilities 2,331,912 59,187 1,196,364 72,000 53,403 210,959 171,398 133,121 42,790 Capital

Capital paid in 26,832 916 7,682 2,866 1,923 5,439 1,580 672 214 Surplus 25,939 946 7,732 2,804 1,911 7,141 1,581 621 238 Other capital 3,957 32 569 55 57 152 120 144 33 

Total liabilities and capital 2,388,640 61,081 1,212,348 77,725 57,293 223,691 174,680 134,558 43,276 

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

10. Statement of Condition of Each Federal Reserve Bank, December 15, 2010 (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 securitie4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mort5. 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 Facilit7. 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.Refer to table 8.12.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 centr

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, accrued dividends on the Federal Reserve Bank o

preferred interests in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through thLoan Facility.

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 Y

that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below. Also includes funds from Adispositions, 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 Resewas 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 multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contractwas extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio 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 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 FacilitThe 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 respoTALF 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 Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNcondition 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 (and in table 1 and table 9), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCsin this table (and table 1 and table 9).
H.4.1

11. Collateral Held against Federal Reserve Notes: Federal Reserve Agents’ Accounts

Millions of dollars

Wednesday

Dec 15, 2010 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,125,187

Less: Notes held by F.R. Banks not subject to collateralization 186,751

Federal Reserve notes to be collateralized 938,436

Collateral held against Federal Reserve notes 938,436

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 922,199

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,124,282

Less: Face value of securities under reverse repurchase agreements 45,385

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,078,897

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.