For release at

4:30 p.m. EDT

November 19, 2009

The Board’s H.4.1 statistical release, “Factors Affecting Reserve Balances of Depository Institutions 

and Condition Statement of Federal Reserve Banks,” has been modified to include information 

related to TALF LLC, a limited liability company formed to purchase and manage any asset-backed 

securities that might be received by the Federal Reserve Bank of New York (FRBNY) in connection 

with the Term Asset-Backed Securities Loan Facility (TALF). This information will be presented in 

a new table 8, "Information on Principal Accounts of TALF LLC." The release has also been 

modified to include information related to the net portfolio holdings of TALF LLC. This 

information is presented in table 1, in table 8, in table 9, and in table 10.

On November 25, 2008, the Federal Reserve announced the creation of the TALF under the 

authority of section 13(3) of the Federal Reserve Act. Under the TALF, the FRBNY extends loans 

to eligible borrowers to finance the purchase of eligible asset-backed securities (ABS) that serve as 

the collateral for the loans. The loans provided through the TALF 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 has 

committed, for a fee, to purchase all ABS received by FRBNY in conjunction with a TALF loan at a 

price equal to the TALF loan plus accrued but unpaid interest. Purchases of these securities are 

funded first through the fees received by the LLC and any interest the LLC has earned on its 

investments. In the event that such funding proves insufficient, the U.S. Treasury’s Troubled Asset 

Relief Program (TARP) will provide additional subordinated debt funding to the TALF LLC to 

finance up to $20 billion of asset purchases. Subsequently, the FRBNY will finance any additional 

purchases of securities by providing senior debt funding to TALF LLC. Thus, the TARP funds 

provide credit protection to FRBNY.

The Federal Reserve has completed its evaluation and consistent with generally accepted accounting 

principles, the assets and liabilities of TALF LLC will be consolidated with the assets and liabilities 

of the FRBNY in the preparation of the statements of condition shown on the release. Although the 

U.S. Treasury provides credit protection to the FRBNY, the FRBNY is the more closely associated 

beneficiary of the LLC because it directs the significant financial activities of the TALF LLC.

The consequences of this consolidation appear on the release in the following ways. Any extensions

of credit from the FRBNY to TALF LLC are eliminated, as is the accrued interest on such loans. 

The net portfolio holdings of TALF LLC are included in “total factors supplying reserve funds” in 

FEDERAL RESERVE statistical release
table 1 and in “assets” in table 9 and in table 10. The liabilities of TALF LLC to entities other than 

the FRBNY are included in "other liabilities and capital" in table 1 and in "other liabilities and 

accrued dividends" in table 9 and in table 10.

Information on the principal accounts of TALF LLC is presented separately in a new table 8. This 

table presents the net portfolio holdings of TALF LLC, which comprise the fair value of the ABS

holdings of TALF LLC and other investments that result from the initial funding provided by the 

U.S. Treasury, fees paid by the FRBNY, and interest received on investments. In addition, the table

presents the book value of the outstanding principal of the loan extended by the FRBNY, the book 

value of the accrued interest payable to the FRBNY, and the book value of the funding provided by 

the U.S. Treasury to TALF LLC, which includes the accrued interest payable to the U.S. Treasury.
Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 2,191,383 + 75,680 + 12,509 2,191,564

Securities held outright1 1,773,953 + 74,487 +1,284,869 1,776,618

U.S. Treasury securities 776,524 + 7 + 300,093 776,527

Bills2 18,423 0 0 18,423

Notes and bonds, nominal2 707,649 0 + 297,158 707,649

Notes and bonds, inflation-indexed2 44,643 0 + 3,572 44,643

Inflation compensation3 5,810 + 7 - 635 5,813

Federal agency debt securities2 151,737 + 3,615 + 139,083 153,049

Mortgage-backed securities4 845,692 + 70,865 + 845,692 847,042

Repurchase agreements5 0 0 - 80,000 0

Term auction credit 109,456 0 - 305,846 109,456

Other loans 108,246 + 25 - 188,572 108,532

Primary credit 19,793 - 1,006 - 71,759 19,935

Secondary credit 0 0 - 112 0

Seasonal credit 82 + 15 + 73 78

Primary dealer and other broker-dealer credit6 0 0 - 50,170 0

Asset-Backed Commercial Paper Money

Market Mutual Fund Liquidity Facility 0 0 - 69,798 0

Credit extended to American International

Group, Inc., net7 44,761 + 496 - 40,416 44,918

Term Asset-Backed Securities Loan Facility,

net8 43,611 + 520 + 43,611 43,602

Other credit extensions 0 0 0 0

Net portfolio holdings of Commercial Paper

Funding Facility LLC9 15,114 + 712 - 250,577 15,043

Net portfolio holdings of Maiden Lane LLC10 26,340 + 14 - 605 26,349

Net portfolio holdings of Maiden Lane II LLC11 15,738 + 6 + 15,738 15,766

Net portfolio holdings of Maiden Lane III LLC12 22,934 + 88 + 22,934 22,951

Net portfolio holdings of TALF LLC13 231 + 231 + 231 231

Float -1,969 - 420 - 595 -1,895

Central bank liquidity swaps14 28,278 - 810 - 535,748 28,278

Other Federal Reserve assets15 93,061 + 1,346 + 50,679 90,235

Gold stock 11,041 0 0 11,041

Special drawing rights certificate account 5,200 0 + 3,000 5,200

Treasury currency outstanding16 42,605 + 14 + 3,931 42,600

Total factors supplying reserve funds 2,250,229 + 75,693 + 19,440 2,250,405

FEDERAL RESERVE statistical release

 November 19, 2009

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures

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

Change from week ended Wednesday

 Nov 18, 2009 Week ended

 Nov 18, 2009 Nov 11, 2009 Nov 19, 2008
Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Currency in circulation16 919,289 + 666 + 54,706 919,692

Reverse repurchase agreements17 60,171 - 91 - 40,252 59,906

Foreign official and international accounts 60,171 - 91 - 15,966 59,906

Dealers 0 0 - 24,286 0

Treasury cash holdings 235 - 9 - 15 232

Deposits with F.R. Banks, other than reserve balances 102,023 + 5,780 - 483,616 99,688

U.S. Treasury, general account 61,634 - 13,003 + 1,169 62,309

U.S. Treasury, supplementary financing account 14,999 0 - 493,957 14,999

Foreign official 2,695 + 1,098 + 2,301 2,957

Service-related 3,138 0 - 3,185 3,138

Required clearing balances 3,138 0 - 3,167 3,138

Adjustments to compensate for float 0 0 - 18 0

Other 19,556 + 17,684 + 10,055 16,285

Other liabilities and capital18 66,676 + 2,213 + 20,633 64,512

Total factors, other than reserve balances,

absorbing reserve funds 1,148,395 + 8,560 - 448,543 1,144,031

Reserve balances with Federal Reserve Banks 1,101,834 + 67,133 + 467,983 1,106,374

H.4.1

1. Factors Affecting Reserve Balances of Depository Institutions (continued)

Millions of dollars

Averages of daily figures

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 10.

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

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

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

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

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.

16. Estimated.

17. Cash value of agreements, which are collateralized by U.S. Treasury securities.

18. 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 10.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.

Change from week ended Wednesday

 Nov 18, 2009 Week ended

 Nov 18, 2009 Nov 11, 2009 Nov 19, 2008
Marketable securities held in custody for foreign

 official and international accounts1 2,927,973 + 11,269 + 426,845 2,932,778

U.S. Treasury securities 2,161,729 + 5,448 + 551,820 2,166,384

Federal agency securities2 766,244 + 5,821 - 124,974 766,394

Securities lent to dealers 7,473 + 1,175 - 198,023 6,933

Overnight facility3 7,473 + 1,175 - 6,767 6,933

U.S. Treasury securities 6,204 + 1,131 - 8,036 6,078

Federal agency debt securities 1,269 + 44 + 1,269 855

Term facility4 0 0 - 191,256 0

1A. Memorandum Items

Millions of dollars

Averages of daily figures

Week ended

 Nov 18, 2009

Change from week ended Wednesday

 Nov 18, 2009

 Nov 11, 2009 Nov 19, 2008

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.

Memorandum item

H.4.1

91 days to

1 year

2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, November 18, 2009

Millions of dollars

Within 15 days Over 1 year

to 5 years

16 days to

 90 days

All

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.

Remaining maturity Over 5 years

to 10 years

Over 10

years

Term auction credit

Other loans1

U.S. Treasury securities2

Holdings

Weekly changes

Federal agency debt securities3

Holdings

Weekly changes

Mortgage-backed securities4

Holdings

Weekly changes

Commercial paper held by

Commercial Paper Funding

Facility LLC5

Asset-backed securities held by

TALF LLC6

Repurchase agreements7

Central bank liquidity swaps8

Reverse repurchase agreements7

 71,474

 15,598

 19,548

+ 1,121

 0

 0

 0

 0

 44

 0

 0

 23,466

 59,906

...

 0

 48,711

- 6,897

 21,517

- 836

 0

 0

 0

 0

...

 0

...

...

 88,520

 331,334

+ 5,289

 93,546

+ 1,158

 0

 0

...

 0

...

 0

...

 37,982

 4,415

 20,591

- 2,096

 1,621

+ 1,523

 0

 0

 10,469

 0

 0

 4,812

 0

...

 0

 211,684

+ 597

 34,318

+ 1,520

 0

 0

...

 0

...

 0

...

...

...

 144,658

+ 1,992

 2,047

+ 11

 847,042

+ 71,469

...

 0

...

 0

...

 109,456

 108,532

 776,527

+ 7

 153,049

+ 3,376

 847,042

+ 71,469

 10,513

 0

 0

 28,278

 59,906
Wednesday

 Nov 18, 2009

4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Net portfolio holdings of Maiden Lane LLC1

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

Accrued interest payable to the Federal Reserve Bank of New York2

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

 26,349

 28,820

 396

 1,241

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 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.

Account name

H.4.1

Wednesday

 Nov 18, 2009

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Net portfolio holdings of Maiden Lane II LLC1

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

Accrued interest payable to the Federal Reserve Bank of New York2

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

 15,766

 16,018

 242

 1,033

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 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.

Account name

Wednesday

 Nov 18, 2009

3. Supplemental Information on Mortgage-Backed Securities Purchase Program

Millions of dollars

Mortgage-backed securities held outright1

Commitments to buy mortgage-backed securities2

Commitments to sell mortgage-backed securities2

Cash and cash equivalents3

 847,042

 139,605

 425

 289

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 9 and table 10.

Account name
H.4.1

Wednesday

 Nov 18, 2009

7. Information on Principal Accounts of Commercial Paper Funding Facility LLC

Millions of dollars

Commercial paper holdings, net1

Other investments, net

Net portfolio holdings of Commercial Paper Funding Facility LLC

Memorandum: Commercial paper holdings, face value

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

Accrued interest payable to the Federal Reserve Bank of New York2

 10,229

 4,813

 15,043

 10,513

 10,439

 2

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 10.

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.

Account name

Wednesday

 Nov 18, 2009

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Net portfolio holdings of Maiden Lane III LLC1

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

Accrued interest payable to the Federal Reserve Bank of New York2

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

 22,951

 18,615

 313

 5,173

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 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.

Account name
Wednesday

 Nov 18, 2009

8. Information on Principal Accounts of TALF LLC

Millions of dollars

Asset-backed securities holdings1

Other investments, net

Net portfolio holdings of TALF LLC

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

Accrued interest payable to the Federal Reserve Bank of New York2

Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable3

 0

 231

 231

 0

 0

 102

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 $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.

Account name

H.4.1
Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 + 3,000

Coin 2,037 - 23 + 389

Securities, repurchase agreements, term auction

credit, and other loans 1,994,607 + 75,616 + 721,678

Securities held outright1 1,776,618 + 74,852 +1,287,692

U.S. Treasury securities 776,527 + 7 + 300,102

Bills2 18,423 0 0

Notes and bonds, nominal2 707,649 0 + 297,158

Notes and bonds, inflation-indexed2 44,643 0 + 3,572

Inflation compensation3 5,813 + 7 - 627

Federal agency debt securities2 153,049 + 3,376 + 140,548

Mortgage-backed securities4 847,042 + 71,469 + 847,042

Repurchase agreements5 0 0 - 80,000

Term auction credit 109,456 0 - 305,846

Other loans 108,532 + 763 - 180,170

Net portfolio holdings of Commercial Paper Funding

Facility LLC6 15,043 + 744 - 255,836

Net portfolio holdings of Maiden Lane LLC7 26,349 + 10 - 570

Net portfolio holdings of Maiden Lane II LLC8 15,766 + 33 + 15,766

Net portfolio holdings of Maiden Lane III LLC9 22,951 + 19 + 22,951

Net portfolio holdings of TALF LLC10 231 + 231 + 231

Items in process of collection (279) 450 + 39 - 665

Bank premises 2,228 + 2 + 50

Central bank liquidity swaps11 28,278 - 810 - 533,812

Other assets12 87,764 - 2,093 + 50,074

Total assets (279) 2,211,939 + 73,766 + 23,253

H.4.1

9. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Nov 19, 2008

Eliminations from

consolidation Wednesday

 Nov 18, 2009

Wednesday

 Nov 11, 2009

Assets, liabilities, and capital

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

Federal Reserve notes, net of F.R. Bank holdings 879,357 - 1,523 + 50,740

Reverse repurchase agreements13 59,906 - 497 - 43,003

Deposits (0) 1,205,820 + 77,897 - 3,411

Depository institutions 1,109,269 + 65,034 + 478,777

U.S. Treasury, general account 62,309 - 621 - 6,148

U.S. Treasury, supplementary financing account 14,999 0 - 493,957

Foreign official 2,957 + 1,261 + 2,774

Other (0) 16,285 + 12,222 + 15,142

Deferred availability cash items (279) 2,344 - 816 - 398

Other liabilities and accrued dividends14 12,684 - 141 + 8,490

Total liabilities (279) 2,160,111 + 74,921 + 12,417

Capital accounts

Capital paid in 25,362 + 189 + 4,989

Surplus 21,431 + 8 + 4,265

Other capital accounts 5,034 - 1,353 + 1,581

Total capital 51,828 - 1,155 + 10,836

H.4.1

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

Millions of dollars

Change since

Wednesday

 Nov 19, 2008

Eliminations from

consolidation Wednesday

 Nov 18, 2009

Wednesday

 Nov 11, 2009

Assets, liabilities, and capital

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 10.

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 8 and the note on consolidation accompanying table 10.

11. 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.

12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates.

13. Cash value of agreements, which are collateralized by U.S. Treasury securities.

14. 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 10.
    29, 29, 12,  12, 2, 14,            1, - 8, 23,

 329 150 33 71,024 69,601 30,421 722 29,700 5,996 33,184 0 1,382 41 0 0 0 0 0 30 134 283 2,675 - 36,613 38,045

 911 424 271 195,016 192,249 84,029 1,994 82,035 16,562 91,659 0 2,406 361 0 0 0 0 0 39 206 950 7,424 - 89,434 115,808

 1,356 654 241 214,631 214,058 93,561 2,220 91,341 18,440 102,057 0 231 342 0 0 0 0 0 218 222 2,176 9,333 - 76,575 152,256

 882 412 285 65,513 64,024 27,984 664 27,320 5,515 30,525 0 1,168 321 0 0 0 0 0 38 238 8,075 9,827 + 224,332 309,604

 467 237 151 71,437 70,191 30,679 728 29,951 6,047 33,465 0 1,243 4 0 0 0 0 0 120 145 2,096 4,364 - 22,637 56,379

 412 196 67 42,569 34,081 14,896 353 14,543 2,936 16,249 0 8,342 146 0 0 0 0 0 18 121 1,140 2,269 + 14,896 61,687

AssetsGold certificate accountSpecial drawing rights certificate acct.CoinSecurities, repurchase agreements, term

auction credit, and other loans

Securities held outright1

U.S. Treasury securities

Bills2Notes and bonds3

Federal agency debt securities2Mortgage-backed securities4

Repurchase agreements5Term auction creditOther loans

Net portfolio holdings of Commercial

Paper Funding Facility LLC6

Net portfolio holdings of Maiden

Lane LLC7

Net portfolio holdings of Maiden

Lane II LLC8

Net portfolio holdings of Maiden

Lane III LLC9

Net portfolio holdings of TALF LLC10Items in process of collectionBank premisesCentral bank liquidity swaps11

Other assets12Interdistrict settlement account

Total assets

 11,037 5,200 2,037 1,994,607 1,776,618 776,527 18,423 758,104 153,049 847,042 0 109,456 108,532 15,043 26,349 15,766 22,951 231 729 2,228 28,278 87,764 0 2,212,219

 450 210 164 33,346 27,563 12,047 286 11,761 2,374 13,141 0 5,528 255 0 0 0 0 0 106 70 3,126 3,884 + 22,573 63,929

 3,895 1,818 79 883,285 694,436 303,525 7,201 296,324 59,823 331,088 0 82,085 106,764 15,043 26,349 15,766 22,951 231 0 249 7,391 31,046 + 64,450 1,072,553

H.4.110. Statement of Condition of Each Federal Reserve Bank, November 18, 2009Millions of dollars

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

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

Assets, liabilities, and capital
Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneap

LiabilitiesFederal Reserve notes outstanding

Less: Notes held by F.R. Banks

Federal Reserve notes, net

Reverse repurchase agreements13

Deposits

Depository institutionsU.S. Treasury, general accountU.S. Treasury, supplementary financing accountForeign officialOther

Deferred availability cash itemsOther liabilities and accrued

dividends14

Total liabilities

CapitalCapital paid inSurplusOther capital

Total liabilities and capital

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.H.4.110. Statement of Condition of Each Federal Reserve Bank, November 18, 2009 (continued)Millions of dollars

Assets, liabilities, and capital

 35,756 4,530 31,226 1,149 27,164 27,142 0 0 2 21 59 175 59,773 945 844 125 61,687

 1,076,925 197,567 879,357 59,906 1,205,820 1,109,269 62,309 14,999 2,957 16,285 2,624 12,684 2,160,391 25,362 21,431 5,034 2,212,219

 395,933 69,965 325,968 23,416 699,245 602,928 62,309 14,999 2,928 16,080 0 8,825 1,057,454 7,427 5,959 1,713 1,072,553

 38,876 6,583 32,292 929 24,752 24,748 0 0 4 0 455 213 58,642 2,626 2,316 344 63,929

 45,226 9,320 35,906 2,367 13,673 13,669 0 0 3 1 381 281 52,609 1,855 1,551 364 56,379

 82,405 11,560 70,845 2,159 221,575 221,451 0 0 11 112 105 588 295,271 7,133 5,983 1,217 309,604

 134,097 29,254 104,843 7,218 35,926 35,923 0 0 3 0 321 618 148,925 1,578 1,612 141 152,256

 85,583 13,682 71,902 6,483 35,270 35,223 0 0 1 46 183 520 114,357 622 704 125 115,808

 30,671 4,500 26,171 2,347 8,716 8,712 0 0 0 4 51 238 37,523 240 209 73 38,045

 19,3 3,0 16,3 9 4,2 4,2     2 1 22,0 7 3 4 23,4
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 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlyin5. 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. 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 fore

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

12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates.13. Cash value of agreements, which are collateralized by U.S. Treasury securities.14. 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 oth

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 consolidat

H.4.1

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 Federawas 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 Commwas formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers. On November 25, 2008, a loan was extended to Maidepurchase multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit defau2008, a loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reAmerican International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formbacked securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed SecuritiThe FRBNY is the sole beneficiary of Commercial Paper Funding Facility LLC. The FRBNY is the primary beneficiary of TALF LLC, because of the two benefiU.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 cmajority of any residual returns of the LLCs and absorb a majority of any residual losses of the LLCs. Consistent with generally accepted accounting principLLCs 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 consextensions 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 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 

10. Statement of Condition of Each Federal Reserve Bank, November 18, 2009 (continued)
H.4.1

Federal Reserve notes outstanding

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

Federal Reserve notes to be collateralized

Collateral held against Federal Reserve notes

Gold certificate accountSpecial drawing rights certificate accountU.S. Treasury, agency debt, and mortgage-backed securities pledged1,2

Other assets pledged

Memo:Total U.S. Treasury, agency debt, and mortgage-backed securities1,2

Less: Face value of securities under reverse repurchase agreements

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

11. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' AccountsMillions of dollars

Federal Reserve notes and collateral Wednesday

 Nov 18, 2009

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.

 1,076,925 197,567 879,357 879,357 11,037 5,200 863,120 0 1,776,618 59,122 1,717,496