FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                             November 3, 2011
 
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    Nov 2, 2011
Federal Reserve Banks                                      Nov 2, 2011 Oct 26, 2011  Nov 3, 2010
 
Reserve Bank credit                                        2,817,652   -   15,284   +  536,939    2,804,781
  Securities held outright (1)                             2,623,214   -   13,530   +  582,505    2,611,124
    U.S. Treasury securities                               1,666,285   -    4,622   +  826,295    1,654,195
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                         1,570,373   -    4,787   +  797,398    1,558,113
      Notes and bonds, inflation-indexed (2)                  67,710   +      114   +   24,732       67,862
      Inflation compensation (3)                               9,780   +       51   +    4,166        9,798
    Federal agency debt securities (2)                       107,668            0   -   42,013      107,668
    Mortgage-backed securities (4)                           849,261   -    8,908   -  201,776      849,261
  Repurchase agreements (5)                                        0            0            0            0
  Loans                                                       10,894   -      202   -   36,260       10,840
    Primary credit                                                23   +       19   -       41           62
    Secondary credit                                               0            0            0            0
    Seasonal credit                                               32   -        6   +        9           24
    Credit extended to American International
       Group, Inc., net (6)                                        0            0   -   19,197            0
    Term Asset-Backed Securities Loan Facility (7)            10,838   -      215   -   17,033       10,754
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Maiden Lane LLC (8)               12,939   -      154   -   15,547       12,971
  Net portfolio holdings of Maiden Lane II LLC (9)             9,453   -      350   -    7,022        9,336
  Net portfolio holdings of Maiden Lane III LLC (10)          18,019   -    2,397   -    5,526       18,031
  Net portfolio holdings of TALF LLC (11)                        794   +        1   +      172          794
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (6)                                              0            0   -   26,057            0
  Float                                                         -917   +       99   +      750         -977
  Central bank liquidity swaps (12)                            1,853            0   +    1,793        1,853
  Other Federal Reserve assets (13)                          141,402   +    1,248   +   42,130      140,809
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (14)                            44,160   +       14   +      705       44,160

Total factors supplying reserve funds                      2,878,052   -   15,271   +  537,643    2,865,181
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
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    Nov 2, 2011
Federal Reserve Banks                                      Nov 2, 2011 Oct 26, 2011  Nov 3, 2010
 
Currency in circulation (14)                               1,045,358   +    3,485   +   80,599    1,050,195
Reverse repurchase agreements (15)                            91,001   +   10,605   +   33,607      124,512
  Foreign official and international accounts                 91,001   +   10,605   +   33,607      124,512
  Others                                                           0            0            0            0
Treasury cash holdings                                           122   -       20   -       64          111
Deposits with F.R. Banks, other than reserve balances        100,941   -   30,455   -  144,017      103,150
  Term deposits held by depository institutions                    0            0   -    5,113            0
  U.S. Treasury, General Account                              57,775   -    6,594   +   23,499       63,901
  U.S. Treasury, Supplementary Financing Account                   0            0   -  199,960            0
  Foreign official                                               129            0   -    2,386          126
  Service-related                                              2,508   -        2   +      112        2,508
    Required clearing balances                                 2,508   -        2   +      112        2,508
    Adjustments to compensate for float                            0            0            0            0
  Other                                                       40,530   -   23,858   +   39,833       36,616
Funds from American International Group, Inc. asset
   dispositions, held as agent (6)                                 0            0   -    6,895            0
Other liabilities and capital (16)                            68,495   -    2,586   -    5,514       67,918

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,305,917   -   18,971   -   42,284    1,345,886

Reserve balances with Federal Reserve Banks                1,572,135   +    3,700   +  579,927    1,519,295
 
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. As a result of the closing of the American International Group, Inc. (AIG) recapitalization plan on
   January 14, 2011, the credit extended to AIG was fully repaid and the Federal Reserve's commitment to lend
   any further funds was terminated. In addition, the Federal Reserve Bank of New York (FRBNY) has been paid
   in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. The funds from AIG asset
   dispositions that FRBNY held as agent were the source of repayment of the credit extended to AIG, as well
   as a portion of the FRBNY's preferred interests in ALICO Holdings LLC. The remaining FRBNY preferred
   interests in ALICO Holdings LLC and AIA Aurora LLC, valued at approximately $20 billion, were purchased by
   AIG through a draw on the Treasury's Series F preferred stock commitment and then transferred by AIG to
   the Treasury as consideration for the draw on the available Series F funds.
7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term
   Asset-Backed Securities Loan Facility.
8. Refer to table 4 and the note on consolidation accompanying table 9.
9.  Refer to table 5 and the note on consolidation accompanying table 9.
10. Refer to table 6 and the note on consolidation accompanying table 9.
11. Refer to table 7 and the note on consolidation accompanying 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 the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the
    Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on
    January 14, 2011, included accrued dividends on the FRBNY's preferred interests in AIA Aurora LLC and
    ALICO Holdings LLC.
14. Estimated.
15. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
    securities, and mortgage-backed securities.
16. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to
    entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only
    to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation
    accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S.
    Treasury. Refer to table 8 and table 9.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.

 
1A. Memorandum Items
Millions of dollars
                                                                Averages of daily figures         Wednesday  
                                                           Week ended   Change from week ended    Nov 2, 2011
Memorandum item                                            Nov 2, 2011 Oct 26, 2011  Nov 3, 2010
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,395,491   -    1,763   +   79,796    3,442,439
  U.S. Treasury securities                                 2,674,459   -      669   +   90,563    2,720,416
  Federal agency securities (2)                              721,032   -    1,094   -   10,767      722,023
Securities lent to dealers                                    11,156   -    1,564   +    6,367       12,906
  Overnight facility (3)                                      11,156   -    1,564   +    6,367       12,906
    U.S. Treasury securities                                  10,271   -    1,475   +    6,544       11,934
    Federal agency debt securities                               886   -       88   -      176          972
 
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,   November 2, 2011
Millions of dollars
                                       Within 15    16 days to   91 days to  Over 1 year  Over 5 years    Over 10        All     
Remaining maturity                        days       90 days       1 year     to 5 years   to 10 years     years    
 
Loans (1)                                     63           23        4,199        6,555            0           ...       10,840
U.S. Treasury securities (2)
  Holdings                                20,150       21,217      115,531      679,266      603,320       214,712    1,654,195
  Weekly changes                      +    3,635   -    5,520   -    2,221   -   18,424   -    4,084    +    2,798   -   23,817
Federal agency debt securities (3)
  Holdings                                   171        5,999       19,596       63,409       16,146         2,347      107,668
  Weekly changes                      +      171   -      171            0            0            0             0            0
Mortgage-backed securities (4)
  Holdings                                     0            0            0           12           21       849,227      849,261
  Weekly changes                               0            0            0   -        1            0             0            0
Asset-backed securities held by
   TALF LLC (5)                                0            0            0            0            0             0            0
Repurchase agreements (6)                      0            0          ...          ...          ...           ...            0
Central bank liquidity swaps (7)             500        1,353            0            0            0             0        1,853

Reverse repurchase agreements (6)        124,512            0          ...          ...          ...           ...      124,512
Term deposits                                  0            0            0          ...          ...           ...            0
 
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.

 
3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                            Nov 2, 2011 
 
Mortgage-backed securities held outright (1)                                                                             849,261

Commitments to buy mortgage-backed securities (2)                                                                         26,000
Commitments to sell mortgage-backed securities (2)                                                                             0

Cash and cash equivalents (3)                                                                                                  0
 
1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal
   balance of the underlying mortgages.
2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls,
   and coupon swaps.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8 and table 9.

 
4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                            Nov 2, 2011 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                             12,971

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  9,882
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         746
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,373
 
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, 2011. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of
section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to
manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets.
Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses
of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to
JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.

 
5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                            Nov 2, 2011 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                           9,336

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  6,368
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         555
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                    1,100
 
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, 2011. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of
   American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued
   interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table
   8 and table 9.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential
mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group,
Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred
payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.

 
6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                            Nov 2, 2011 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         18,031

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  9,739
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         671
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,512
 
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, 2011. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector
collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written
credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the
related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to
AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.

 
7. Information on Principal Accounts of TALF LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                            Nov 2, 2011 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       794
Net portfolio holdings of TALF LLC                                                                                           794

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                      0
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                           0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3)                                        109
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF)
under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New
York (FRBNY) extends loans with a term of up to five years to holders of eligible asset-backed securities. The TALF is intended to
assist financial markets in accommodating the credit needs of consumers and businesses by facilitating the issuance of asset-backed
securities collateralized by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are
non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The loans
are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial
risk of a decline in the value of the security.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in
connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed
securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest.
Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF
LLC, by the interest received on investments of TALF LLC, by up to $4.3 billion in subordinated debt funding provided by the U.S.
Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio
holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S.
Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the
U.S. Treasury.

 
8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation    Nov 2, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Oct 26, 2011  Nov 3, 2010
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,301    -       45   +      135
  Securities, repurchase agreements, and loans                           2,621,963    -   23,981   +  532,064
    Securities held outright (1)                                         2,611,124    -   23,817   +  568,397
      U.S. Treasury securities                                           1,654,195    -   23,817   +  812,187
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                     1,558,113    -   24,134   +  783,123
        Notes and bonds, inflation-indexed (2)                              67,862    +      266   +   24,884
        Inflation compensation (3)                                           9,798    +       51   +    4,181
      Federal agency debt securities (2)                                   107,668             0   -   42,013
      Mortgage-backed securities (4)                                       849,261             0   -  201,776
    Repurchase agreements (5)                                                    0             0            0
    Loans                                                                   10,840    -      164   -   36,332
  Net portfolio holdings of Maiden Lane LLC (6)                             12,971    +       42   -   15,538
  Net portfolio holdings of Maiden Lane II LLC (7)                           9,336    -      136   -    7,141
  Net portfolio holdings of Maiden Lane III LLC (8)                         18,031    +       16   -    5,565
  Net portfolio holdings of TALF LLC (9)                                       794             0   +      172
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (10)                                                           0             0   -   26,057
  Items in process of collection                            (115)              431    +      102   +      119
  Bank premises                                                              2,178    -        8   -       43
  Central bank liquidity swaps (11)                                          1,853             0   +    1,793
  Other assets (12)                                                        138,587    +      317   +   41,348

Total assets                                                (115)        2,824,683    -   23,692   +  521,288
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation    Nov 2, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Oct 26, 2011  Nov 3, 2010
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                       1,008,443    +    6,869   +   80,712
  Reverse repurchase agreements (13)                                       124,512    +   43,196   +   69,921
  Deposits                                                    (0)        1,622,402    -   74,599   +  395,472
    Term deposits held by depository institutions                                0             0   -    5,113
    Other deposits held by depository institutions                       1,521,759    -   66,283   +  539,037
    U.S. Treasury, General Account                                          63,901    +    8,714   +   27,883
    U.S. Treasury, Supplementary Financing Account                               0             0   -  199,960
    Foreign official                                                           126    -        6   -    2,550
    Other                                                     (0)           36,616    -   17,024   +   36,176
  Deferred availability cash items                          (115)            1,408    +      291   -    1,076
  Other liabilities and accrued dividends (14)                              15,826    +      515   -   19,051

Total liabilities                                           (115)        2,772,591    -   23,728   +  525,978

Capital accounts
  Capital paid in                                                           26,046    +       18   -      668
  Surplus                                                                   26,046    +       18   +      142
  Other capital accounts                                                         0             0   -    4,163

Total capital                                                               52,092    +       35   -    4,690
 
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. Refer to table 4 and the note on consolidation accompanying table 9.
7. Refer to table 5 and the note on consolidation accompanying table 9.
8. Refer to table 6 and the note on consolidation accompanying table 9.
9.  Refer to table 7 and the note on consolidation accompanying table 9.
10. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank
    of New York has been paid in full for its	preferred interests in AIA Aurora LLC and ALICO Holdings LLC. A
    portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were
    held as agent by the Federal Reserve.
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
    and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to
    eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG
    recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY's preferred interests in
    AIA Aurora LLC and ALICO Holdings LLC.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
    securities, and mortgage-backed securities.
14. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to
    entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to
    the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation
    accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S.
    Treasury. Before the closing of the AIG recapitalization plan on January 14, 2011, included funds from
    American International Group, Inc. asset dispositions, held as agent.


 
9. Statement of Condition of Each Federal Reserve Bank,   November 2, 2011
Millions of dollars
                                               Total      Boston     New York   Philadelphia Cleveland   Richmond     Atlanta     Chicago    St. Louis  Minneapolis   Kansas      Dallas        San    
Assets, liabilities, and capital                                                                                                                                       City                  Francisco 
 
Assets
  Gold certificate account                      11,037         390       3,866         432         450         872       1,394         854         319         197         318         728       1,217
  Special drawing rights certificate acct.       5,200         196       1,818         210         237         412         654         424         150          90         153         282         574
  Coin                                           2,301          59          84         162         171         394         210         340          32          59         172         238         379
  Securities, repurchase agreements,
     and loans                               2,621,963      64,198   1,225,040      89,447      70,532     301,558     194,118     155,066      49,423      40,136      69,469     103,331     259,646
    Securities held outright (1)             2,611,124      64,198   1,214,285      89,447      70,532     301,558     194,118     155,063      49,421      40,129      69,457     103,270     259,646
      U.S. Treasury securities               1,654,195      40,671     769,272      56,666      44,683     191,043     122,977      98,235      31,309      25,422      44,002      65,424     164,491
        Bills (2)                               18,423         453       8,567         631         498       2,128       1,370       1,094         349         283         490         729       1,832
        Notes and bonds (3)                  1,635,772      40,218     760,704      56,035      44,186     188,915     121,608      97,141      30,960      25,139      43,512      64,695     162,659
      Federal agency debt securities (2)       107,668       2,647      50,070       3,688       2,908      12,435       8,004       6,394       2,038       1,655       2,864       4,258      10,706
      Mortgage-backed securities (4)           849,261      20,880     394,943      29,092      22,940      98,081      63,136      50,434      16,074      13,052      22,591      33,588      84,449
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Loans                                       10,840           0      10,755           0           0           0           0           3           2           7          11          61           0
  Net portfolio holdings of Maiden
     Lane LLC (6)                               12,971           0      12,971           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (7)                             9,336           0       9,336           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (8)                           18,031           0      18,031           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (9)           794           0         794           0           0           0           0           0           0           0           0           0           0
  Preferred interests in AIA Aurora LLC
     and ALICO Holdings LLC (10)                     0           0           0           0           0           0           0           0           0           0           0           0           0
  Items in process of collection                   546          37           0          70          97           7         109          31           5          12           7          19         151
  Bank premises                                  2,178         122         257          67         126         233         214         205         134         105         259         245         211
  Central bank liquidity swaps (11)              1,853          64         537         179         137         380         106          47          15          57          17          28         285
  Other assets (12)                            138,587       3,700      59,574       6,428       5,016      18,458       9,869       7,306       2,373       2,586       3,224       4,846      15,207
  Interdistrict settlement account                   0   +   1,779   + 247,776   -   7,693   -   3,478   - 131,195   -  28,253   -  19,750   -   6,825   -  15,310   -  16,679   +   7,151   -  27,524

Total assets                                 2,824,798      70,545   1,580,085      89,302      73,288     191,119     178,422     144,522      45,627      27,933      56,940     116,869     250,147
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
9. Statement of Condition of Each Federal Reserve Bank,   November 2, 2011 (continued)
Millions of dollars
                                               Total      Boston     New York   Philadelphia Cleveland   Richmond     Atlanta     Chicago    St. Louis  Minneapolis   Kansas      Dallas        San    
Assets, liabilities, and capital                                                                                                                                       City                  Francisco 
 
Liabilities
  Federal Reserve notes outstanding          1,179,343      43,396     397,186      46,357      54,655      95,546     145,937      90,132      33,836      21,004      34,892      80,827     135,573
    Less: Notes held by F.R. Banks             170,900       5,560      46,902       6,867       9,449      11,884      26,670      12,820       4,430       5,427       3,847      11,330      25,715
      Federal Reserve notes, net             1,008,443      37,837     350,284      39,490      45,207      83,662     119,267      77,312      29,406      15,577      31,046      69,497     109,858
  Reverse repurchase agreements (13)           124,512       3,061      57,903       4,265       3,363      14,380       9,257       7,394       2,357       1,914       3,312       4,924      12,381
  Deposits                                   1,622,402      27,451   1,144,542      40,197      20,252      81,056      46,321      57,751      13,163       9,856      21,788      41,263     118,762
    Term deposits held by depository
       institutions                                  0           0           0           0           0           0           0           0           0           0           0           0           0
    Other deposits held by depository
       institutions                          1,521,759      27,440   1,044,252      40,194      20,249      80,773      46,318      57,721      13,159       9,852      21,787      41,262     118,753
    U.S. Treasury, General Account              63,901           0      63,901           0           0           0           0           0           0           0           0           0           0
    U.S. Treasury, Supplementary
       Financing Account                             0           0           0           0           0           0           0           0           0           0           0           0           0
    Foreign official                               126           1          97           4           3           8           2           1           0           1           0           1           6
    Other                                       36,616          10      36,292           0           0         274           1          29           4           2           1           0           3
  Deferred availability cash items               1,522         103           0         252         213          47          81          99          56         217          75          81         297
  Interest on Federal Reserve notes due
     to U.S. Treasury (14)                        -203          19        -851          24          19         146         104          88          28          18          39          56         108
  Other liabilities and accrued
     dividends (15)                             16,028         189      12,608         257         268         705         416         355         165         131         162         251         521

Total liabilities                            2,772,705      68,660   1,564,487      84,486      69,322     179,995     175,446     143,000      45,175      27,713      56,422     116,073     241,927

Capital
  Capital paid in                               26,046         943       7,799       2,408       1,983       5,562       1,488         761         226         110         259         398       4,110
  Surplus                                       26,046         943       7,799       2,408       1,983       5,562       1,488         761         226         110         259         398       4,110
  Other capital                                      0           0           0           0           0           0           0           0           0           0           0           0           0

Total liabilities and capital                2,824,798      70,545   1,580,085      89,302      73,288     191,119     178,422     144,522      45,627      27,933      56,940     116,869     250,147
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

9. Statement of Condition of Each Federal Reserve Bank,   November 2, 2011 (continued)
1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 4 and the note on consolidation below.
7. Refer to table 5 and the note on consolidation below.
8. Refer to table 6 and the note on consolidation below.
9.  Refer to table 7 and the note on consolidation below.
10. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank of New York has been paid in full for its preferred interests in AIA Aurora LLC and ALICO
    Holdings LLC. A portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were held as agent by the Federal Reserve.
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 and the fair value adjustment to credit extended by the Federal Reserve Bank of New York
    (FRBNY) to eligible	borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on January 14, 2011, included accrued dividends on the
    FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
14. Represents the estimated weekly remittances to U.S Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to
    capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the
    Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which
    requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the
    amount necessary to equate surplus with capital paid-in.
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 below. Before the closing of the AIG recapitalization plan on January 14,
    2011, included funds from American International Group, Inc. asset dispositions, held as agent.


Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was
extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector
collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan was extended to
Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc.
On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in
connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.

The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial
activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual
losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the
preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs
appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of
the LLCs, are included in other liabilities in this table (and table 1 and table 8).

 
10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
                                                                                            Wednesday   
Federal Reserve notes and collateral                                                        Nov 2, 2011 
 
Federal Reserve notes outstanding                                                          1,179,343
  Less: Notes held by F.R. Banks not subject to collateralization                            170,900
    Federal Reserve notes to be collateralized                                             1,008,443
Collateral held against Federal Reserve notes                                              1,008,443
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   992,206
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,611,124
  Less: Face value of securities under reverse repurchase agreements                         107,359
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,503,764
 
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.