FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                            November 17, 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 16, 2011
Federal Reserve Banks                                     Nov 16, 2011  Nov 9, 2011 Nov 17, 2010
 
Reserve Bank credit                                        2,820,045   +    8,412   +  526,917    2,814,103
  Securities held outright (1)                             2,624,059   +    8,019   +  569,923    2,625,316
    U.S. Treasury securities                               1,668,748   +    9,637   +  809,568    1,675,836
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                         1,572,638   +   10,961   +  780,602    1,579,718
      Notes and bonds, inflation-indexed (2)                  67,922   -    1,131   +   24,829       67,922
      Inflation compensation (3)                               9,766   -      192   +    4,138        9,774
    Federal agency debt securities (2)                       107,619   -       49   -   41,768      107,497
    Mortgage-backed securities (4)                           847,692   -    1,569   -  197,877      841,983
  Repurchase agreements (5)                                        0            0            0            0
  Loans                                                       10,520   -       99   -   36,045       10,504
    Primary credit                                                 9   +        4   -       16            4
    Secondary credit                                               0            0            0            0
    Seasonal credit                                               20   -        4            0           17
    Credit extended to American International
       Group, Inc., net (6)                                        0            0   -   19,651            0
    Term Asset-Backed Securities Loan Facility (7)            10,491   -      100   -   16,379       10,484
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Maiden Lane LLC (8)               12,302   -      670   -   15,790       10,600
  Net portfolio holdings of Maiden Lane II LLC (9)             9,337   +        1   -    6,944        9,341
  Net portfolio holdings of Maiden Lane III LLC (10)          18,060   +       11   -    5,264       17,832
  Net portfolio holdings of TALF LLC (11)                        794            0   +      172          794
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (6)                                              0            0   -   26,057            0
  Float                                                       -1,158   -      350   +      775       -1,365
  Central bank liquidity swaps (12)                            2,349   +      404   +    2,285        2,349
  Other Federal Reserve assets (13)                          143,781   +    1,095   +   43,860      138,731
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (14)                            44,166   +       14   +      692       44,166

Total factors supplying reserve funds                      2,880,452   +    8,426   +  527,609    2,874,510
 
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 16, 2011
Federal Reserve Banks                                     Nov 16, 2011  Nov 9, 2011 Nov 17, 2010
 
Currency in circulation (14)                               1,057,619   +    5,470   +   84,085    1,058,154
Reverse repurchase agreements (15)                            93,682   +      600   +   38,937       96,829
  Foreign official and international accounts                 93,682   +      600   +   38,937       96,829
  Others                                                           0            0            0            0
Treasury cash holdings                                           111            0   -       57          106
Deposits with F.R. Banks, other than reserve balances         75,313   -   14,087   -  165,680       74,714
  Term deposits held by depository institutions                    0            0            0            0
  U.S. Treasury, General Account                              29,786   -    7,243   +    7,999       44,782
  U.S. Treasury, Supplementary Financing Account                   0            0   -  199,959            0
  Foreign official                                               153   +       28   -    1,499          125
  Service-related                                              2,505            0   +      140        2,505
    Required clearing balances                                 2,505            0   +      140        2,505
    Adjustments to compensate for float                            0            0            0            0
  Other                                                       42,868   -    6,873   +   27,638       27,302
Funds from American International Group, Inc. asset
   dispositions, held as agent (6)                                 0            0   -   26,761            0
Other liabilities and capital (16)                            69,909   +    1,245   -    2,996       69,644

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,296,634   -    6,772   -   72,473    1,299,447

Reserve balances with Federal Reserve Banks                1,583,818   +   15,198   +  600,082    1,575,063
 
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 16, 2011
Memorandum item                                           Nov 16, 2011  Nov 9, 2011 Nov 17, 2010
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,453,711   +   11,062   +  112,798    3,469,106
  U.S. Treasury securities                                 2,732,773   +   12,543   +  122,212    2,750,373
  Federal agency securities (2)                              720,938   -    1,481   -    9,414      718,733
Securities lent to dealers                                    11,329   +      357   +    6,362       11,670
  Overnight facility (3)                                      11,329   +      357   +    6,362       11,670
    U.S. Treasury securities                                  10,179   +      255   +    6,521       10,365
    Federal agency debt securities                             1,150   +      103   -      159        1,305
 
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 16, 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)                                     20            0        4,291        6,193            0           ...       10,504
U.S. Treasury securities (2)
  Holdings                                20,989       14,869      117,004      692,252      604,361       226,362    1,675,836
  Weekly changes                      +    7,124   -   12,633   +    1,471   +   12,982   -    8,601    +    7,383   +    7,725
Federal agency debt securities (3)
  Holdings                                 1,588        4,411       20,446       62,559       16,146         2,347      107,497
  Weekly changes                      -      171            0   +      850   -      850            0             0   -      171
Mortgage-backed securities (4)
  Holdings                                     0            0            0           12           22       841,948      841,983
  Weekly changes                               0            0            0            0   -        1    -    7,277   -    7,278
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)             501        1,848            0            0            0             0        2,349

Reverse repurchase agreements (6)         96,829            0          ...          ...          ...           ...       96,829
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 16, 2011 
 
Mortgage-backed securities held outright (1)                                                                             841,983

Commitments to buy mortgage-backed securities (2)                                                                         33,261
Commitments to sell mortgage-backed securities (2)                                                                             0

Cash and cash equivalents (3)                                                                                                 21
 
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 16, 2011 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                             10,600

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  7,523
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         749
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,376
 
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 16, 2011 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                           9,341

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)                                                         558
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                    1,102
 
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. 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 16, 2011 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         17,832

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  9,406
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         676
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,519
 
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 16, 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 16, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                       Nov 9, 2011 Nov 17, 2010
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,282    -       14   +      158
  Securities, repurchase agreements, and loans                           2,635,820    +      175   +  527,927
    Securities held outright (1)                                         2,625,316    +      276   +  564,426
      U.S. Treasury securities                                           1,675,836    +    7,725   +  802,218
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                     1,579,718    +    9,273   +  773,400
        Notes and bonds, inflation-indexed (2)                              67,922    -    1,330   +   24,675
        Inflation compensation (3)                                           9,774    -      218   +    4,143
      Federal agency debt securities (2)                                   107,497    -      171   -   41,497
      Mortgage-backed securities (4)                                       841,983    -    7,278   -  196,295
    Repurchase agreements (5)                                                    0             0            0
    Loans                                                                   10,504    -      101   -   36,499
  Net portfolio holdings of Maiden Lane LLC (6)                             10,600    -    2,379   -   16,928
  Net portfolio holdings of Maiden Lane II LLC (7)                           9,341    +        4   -    6,944
  Net portfolio holdings of Maiden Lane III LLC (8)                         17,832    -      322   -    5,507
  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                            (105)              201    -      106   -      148
  Bank premises                                                              2,181    +        2   -       44
  Central bank liquidity swaps (11)                                          2,349    +      389   +    2,284
  Other assets (12)                                                        136,549    -    5,980   +   41,558

Total assets                                                (105)        2,834,186    -    8,231   +  516,470
 
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 16, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                       Nov 9, 2011 Nov 17, 2010
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                       1,016,372    +    1,180   +   83,995
  Reverse repurchase agreements (13)                                        96,829    +    9,181   +   42,630
  Deposits                                                    (0)        1,649,775    -   19,605   +  420,116
    Term deposits held by depository institutions                                0             0            0
    Other deposits held by depository institutions                       1,577,567    -   16,070   +  588,701
    U.S. Treasury, General Account                                          44,782    +   20,589   +    6,077
    U.S. Treasury, Supplementary Financing Account                               0             0   -  199,959
    Foreign official                                                           125             0   -    1,616
    Other                                                     (0)           27,302    -   24,123   +   26,915
  Deferred availability cash items                          (105)            1,566    +       85   -      743
  Other liabilities and accrued dividends (14)                              17,477    +      868   -   25,383

Total liabilities                                           (105)        2,782,020    -    8,290   +  520,616

Capital accounts
  Capital paid in                                                           26,083    +       30   -      656
  Surplus                                                                   26,083    +       30   +      168
  Other capital accounts                                                         0             0   -    3,658

Total capital                                                               52,166    +       59   -    4,146
 
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 16, 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                                           2,282          57          85         162         167         394         204         336          33          58         171         236         379
  Securities, repurchase agreements,
     and loans                               2,635,820      64,547   1,231,368      89,933      70,915     303,197     195,173     155,911      49,690      40,351      69,843     103,832     261,058
    Securities held outright (1)             2,625,316      64,547   1,220,885      89,933      70,915     303,197     195,173     155,906      49,689      40,347      69,835     103,831     261,057
      U.S. Treasury securities               1,675,836      41,203     779,336      57,408      45,268     193,542     124,586      99,520      31,719      25,755      44,578      66,279     166,643
        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)                  1,657,413      40,750     770,768      56,776      44,770     191,414     123,216      98,426      31,370      25,472      44,088      65,551     164,811
      Federal agency debt securities (2)       107,497       2,643      49,991       3,682       2,904      12,415       7,992       6,384       2,035       1,652       2,859       4,252      10,689
      Mortgage-backed securities (4)           841,983      20,701     391,558      28,843      22,744      97,240      62,595      50,002      15,936      12,940      22,397      33,300      83,725
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Loans                                       10,504           0      10,484           0           0           0           1           6           1           4           8           0           1
  Net portfolio holdings of Maiden
     Lane LLC (6)                               10,600           0      10,600           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (7)                             9,341           0       9,341           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (8)                           17,832           0      17,832           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                   306          11           0          62          73           6         -93          32           7          24           7          18         159
  Bank premises                                  2,181         122         257          67         126         233         214         206         134         105         259         246         212
  Central bank liquidity swaps (11)              2,349          81         680         228         174         482         135          60          19          73          21          36         361
  Other assets (12)                            136,549       3,644      58,597       6,463       4,946      18,208       9,705       7,186       2,310       2,543       3,170       4,775      15,002
  Interdistrict settlement account                   0   +   3,716   + 225,489   -  11,599   +   2,745   - 122,302   -  31,148   -   7,966   -   7,156   -  15,595   -  17,332   +   3,850   -  22,704

Total assets                                 2,834,291      72,764   1,560,727      85,958      79,833     201,502     176,238     157,042      45,507      27,846      56,611     114,002     256,259
 
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 16, 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          1,186,224      44,236     402,932      46,405      54,565      95,483     145,793      90,395      33,779      21,015      35,009      80,874     135,739
    Less: Notes held by F.R. Banks             169,852       5,342      45,324       6,950      10,307      11,672      25,896      12,876       4,308       5,423       3,802      12,025      25,928
      Federal Reserve notes, net             1,016,372      38,894     357,608      39,455      44,258      83,811     119,897      77,519      29,471      15,591      31,207      68,850     109,811
  Reverse repurchase agreements (13)            96,829       2,381      45,030       3,317       2,616      11,183       7,199       5,750       1,833       1,488       2,576       3,830       9,629
  Deposits                                   1,649,775      29,293   1,129,237      37,795      28,458      94,441      45,492      71,694      13,498      10,135      22,028      40,120     127,584
    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                          1,577,567      29,289   1,057,250      37,830      28,455      94,290      45,489      71,659      13,458      10,132      22,021      40,119     127,575
    U.S. Treasury, General Account              44,782           0      44,782           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                               125           1          97           4           3           8           2           1           0           1           0           1           6
    Other                                       27,302           3      27,109         -38           1         143           0          34          40           2           6           0           3
  Deferred availability cash items               1,671          87           0         260         212          58          97         114          68         256          93          94         332
  Interest on Federal Reserve notes due
     to U.S. Treasury (14)                       1,215          32         514          46          38         165          71          79          33          21          35          53         130
  Other liabilities and accrued
     dividends (15)                             16,262         191      12,738         268         275         724         426         364         167         136         165         259         548

Total liabilities                            2,782,125      70,879   1,545,128      81,142      75,857     190,381     173,182     155,520      45,069      27,627      56,103     113,204     248,035

Capital
  Capital paid in                               26,083         943       7,800       2,408       1,988       5,561       1,528         761         219         110         254         399       4,112
  Surplus                                       26,083         943       7,800       2,408       1,988       5,561       1,528         761         219         110         254         399       4,112
  Other capital                                      0           0           0           0           0           0           0           0           0           0           0           0           0

Total liabilities and capital                2,834,291      72,764   1,560,727      85,958      79,833     201,502     176,238     157,042      45,507      27,846      56,611     114,002     256,259
 
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 16, 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 16, 2011 
 
Federal Reserve notes outstanding                                                          1,186,224
  Less: Notes held by F.R. Banks not subject to collateralization                            169,852
    Federal Reserve notes to be collateralized                                             1,016,372
Collateral held against Federal Reserve notes                                              1,016,372
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                 1,000,136
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,625,316
  Less: Face value of securities under reverse repurchase agreements                          84,329
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,540,987
 
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.